Office Unit Near Freeway
For Sale
Contact for pricing
1713 E Colter St Unit 3, Phoenix, AZ 85016
A compact office suite offers build-to-suit flexibility and access to a separately rentable conference room.
Property Size2,714 SF
Price / SF$0.74
Days on Market102
Property Features for 1713 E Colter St Unit 3
General Information
Standard status
Active
Size
2,714 SF
Site & Location
Neighborhood
Villa Novena
Building Details
Year Built
1955
Listing Agency:
Realty ONE Group
Listed By:
Megan Kouri
(480) 720-5574
Source:
Greaterphoenixhomelistings
Added: Jul 20
Changed: Oct 25
Last Checked: Oct 28 at 8:43AM
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 290-square-foot office unit at 1713 E Colter St Unit 3 provides a compact commercial workspace within a building constructed in 1955. The suite may be configured to suit its occupant, and Cox Internet and alarm service are available for tenant installation.
The property fronts Colter Street near the 51 fwy South, providing access from a well-traveled corridor. Additional space may be assembled with the 350-square-foot unit at 1711 Colter St and the two 290-square-foot suites at 1713 Colter St. A conference room in Suite 1 is also available separately on an hourly or monthly basis.
The property fronts Colter Street near the 51 fwy South, providing access from a well-traveled corridor. Additional space may be assembled with the 350-square-foot unit at 1711 Colter St and the two 290-square-foot suites at 1713 Colter St. A conference room in Suite 1 is also available separately on an hourly or monthly basis.
Key Highlights
- 290‑square‑foot office unit at 1713 E Colter St Unit 3
- Located on Colter Street near the 51 fwy South
- Build‑to‑suit configuration supported
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 2,323.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$822.1K
$719.3K – $959.1K
NOI $57,547 @ 7.0% cap · market cap 2,877.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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 - A compact office suite offers build-to-suit flexibility and access to a separately rentable conference room.
Where is this office unit located?
The property is located at 1713 E Colter St Unit 3 Phoenix, AZ.
What are key features of this property?
This property features: 290‑square‑foot office unit at 1713 E Colter St Unit 3; Located on Colter Street near the 51 fwy South; Build‑to‑suit configuration supported
