Multi-Unit Office
1805 W VAN BUREN Street Phoenix, AZ 85007
New
Six-unit office building with flexible suites ranging from about 1,100 to 1,900 SF, zoned C-3.
Type:Commercial/Industrial
Property size:
9,593 SFPrice / SF:
$192/SF- Added:
- Jul 4, 2026
- Days on Market:
- 7
- Last Refresh:
- Jul 10 at 2:18 am
Property Features for 1805 W VAN BUREN Street
General Information
- Standard status
- Active
- Size
- 9,593 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1951
Listing office RE/MAX Fine Properties (646) 206-0905
Listing date Jul 4, 2026
Source Exitrealty
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 RE/MAX Fine Properties
Investment Insights
Based on property information with market context.
This multi-unit office building totals approximately 9,583 SF and is arranged as six suites. The property offers functional, flexible floor plans designed to support a range of tenant uses, including retail, medical, and creative office configurations.
Suites are available in sizes of approximately 1,100 SF to 1,900 SF. The building is zoned C-3 and is described as being conveniently located in the State Capitol District, serving Arizona government-related needs and nearby professional businesses.
For sale as a lease or ownership opportunity, the building supports an owner-user scenario where an occupier can use part of the property while other existing tenants may generate immediate cash flow. Additional suite details and floor plans are available in the marketing flyer.
Suites are available in sizes of approximately 1,100 SF to 1,900 SF. The building is zoned C-3 and is described as being conveniently located in the State Capitol District, serving Arizona government-related needs and nearby professional businesses.
For sale as a lease or ownership opportunity, the building supports an owner-user scenario where an occupier can use part of the property while other existing tenants may generate immediate cash flow. Additional suite details and floor plans are available in the marketing flyer.
Key Highlights
- 6‑unit office building built in 1951 with approximately 9,583 sf total building size
- C‑3 zoning offering flexibility for tenant uses such as retail, medical, or creative offices
- Available suites range from about 1,100 SF to 1,900 SF with flexible floor plans
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $294.7k | $30.72 |
| − Vacancy | −$75.7k | −$7.90 |
| EGI | $219.0k | $22.82 |
| − OpEx | −$54.7k | −$5.71 |
| NOI | $164.2k | $17.12 |
9,593 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.35M
$2.05M – $2.74M
NOI $164,220 @ 7.0% cap · market cap 8.88%
Second Best
Healthcare Medical
$1.95M
$1.71M – $2.28M
NOI $136,758 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$2.91M
$2.54M – $3.39M
NOI $203,406 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Wightman Group LLC
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Six-unit office building with flexible suites ranging from about 1,100 to 1,900 SF, zoned C-3.
Where is this office units located?
The property is located at 1805 W VAN BUREN Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 6‑unit office building built in 1951 with approximately 9,583 sf total building size; C‑3 zoning offering flexibility for tenant uses such as retail, medical, or creative offices; Available suites range from about 1,100 SF to 1,900 SF with flexible floor plans
