Office Unit with Private
For Sale
Contact for pricing
1711 E Colter St, Phoenix, AZ 85016
Build-to-suit office space includes a dedicated restroom and flexible configuration options.
Property Size2,714 SF
Price / SF$1.11
Days on Market98
Property Features for 1711 E Colter St
General Information
Standard status
Active
Size
2,714 SF
Site & Location
Neighborhood
Villa Novena
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
1
Amenities
private bathroom
Building Details
Year Built
1955
Tenancy
Multi
Listing Agency:
Realty ONE Group
Listed By:
Megan Kouri
(480) 720-5574
Source:
Searchphxproperties
Added: Jul 24
Changed: Oct 25
Last Checked: Oct 28 at 8:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty ONE Group
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Investment Insights
Based on property information with market context.
This 350-square-foot office unit is part of a commercial property built in 1955 and includes its own private bathroom. The suite can be customized through a build-to-suit approach, with some TI allowance available for layout improvements.
Additional space may be created by combining this unit with the 290-square-foot suites at 1713 Ste 2 and 3. A separate conference room at 1713 Colter St Ste 1 is also available for hourly or monthly rental. The property fronts Colter Street near the southbound 51 freeway, providing direct access to a well-traveled corridor. Cox Internet and alarm service can be installed by the tenant.
Additional space may be created by combining this unit with the 290-square-foot suites at 1713 Ste 2 and 3. A separate conference room at 1713 Colter St Ste 1 is also available for hourly or monthly rental. The property fronts Colter Street near the southbound 51 freeway, providing direct access to a well-traveled corridor. Cox Internet and alarm service can be installed by the tenant.
Key Highlights
- 350‑square‑foot office unit with a private bathroom
- Build‑to‑suit configuration with some TI allowance available
- Additional 290‑square‑foot suites at 1713 Ste 2 and 3 can be combined with the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,460
Suggested Prices Based on Cap Rates
Cap Rate 5%
$929,200
$929.2K
Cap Rate 7%
$663,714
$663.7K
Cap Rate 9%
$516,222
$516.2K
Market Conditions
NOI Build-Up for 2,714 SF
Gross rent
$83.4K $30.72/SF
− Vacancy
−$21.4K −$7.90/SF
EGI
$61.9K $22.82/SF
− OpEx
−$15.5K −$5.71/SF
NOI
$46.5K $17.12/SF
Area
Phoenix, AZ
Vacancy
25.70%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$929,200
Cap Rate 7%
$663,714
Cap Rate 9%
$516,222
Alternative Uses
Best Use
Office B
$663.7K
$580.8K – $774.3K
NOI $46,460 @ 7.0% cap · market cap 1,548.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$822.1K
$719.3K – $959.1K
NOI $57,547 @ 7.0% cap · market cap 1,918.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,234
Businesses Nearby
Explore this area
Business Placement
Demographics for 85016, AZ
37,326
Population
21,363
Households
1.7
Avg Household Size
38
Median Age
50%
College-Educated
94%
High-School Grad
8.2 sq mi
ZIP Area
4,552
Density / Sq Mi
$85,085
Median Household Income
$53,781
Median Earnings
$1,575
Median Rent
$508,400
Median Home Value
Market
Vacancy Rate% for Office in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Office unit - Build-to-suit office space includes a dedicated restroom and flexible configuration options.
Where is this office unit located?
The property is located at 1711 E Colter St Phoenix, AZ.
What are key features of this property?
This property features: 350‑square‑foot office unit with a private bathroom; Build‑to‑suit configuration with some TI allowance available; Additional 290‑square‑foot suites at 1713 Ste 2 and 3 can be combined with the unit
