Creative Office
For Sale
Contact for pricing
1805 W Van Buren St Unit 1801, Phoenix, AZ 85007
Flexible floor plans can accommodate retail, medical, or creative office uses.
Property Size9,593 SF
Price / SF$0.23
Days on Market359
Property Features for 1805 W Van Buren St Unit 1801
General Information
Standard status
Active
Size
9,593 SF
Site & Location
Neighborhood
Central City
Building Details
Year Built
1951
Listing Agency:
RE/MAX Fine Properties
Listed By:
Cindy Moy-Zhang · License #SA701280000
(646) 206-0905
Source:
Myphoenixhomesource
Added: Oct 30, 2025
Changed: Oct 19
Last Checked: Oct 23 at 7:25AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 9,593-SF property at 1805 W Van Buren St includes suite options ranging from 1,100 SF to 1,900 SF. Floor plans are described as adaptable for retail, medical, and creative office uses. The building dates to 1951.
Situated in Phoenix’s State Capitol District, the property is positioned to serve Arizona government offices and nearby professional businesses.
Situated in Phoenix’s State Capitol District, the property is positioned to serve Arizona government offices and nearby professional businesses.
Key Highlights
- Suite options range from 1,100 SF to 1,900 SF
- 9,593‑SF property built in 1951
- Floor plans can support retail, medical, or creative office uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,220
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,284,400
$3.3M
Cap Rate 7%
$2,346,000
$2.3M
Cap Rate 9%
$1,824,667
$1.8M
Market Conditions
NOI Build-Up for 9,593 SF
Gross rent
$294.7K $30.72/SF
− Vacancy
−$75.7K −$7.90/SF
EGI
$219.0K $22.82/SF
− OpEx
−$54.7K −$5.71/SF
NOI
$164.2K $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%
$3,284,400
Cap Rate 7%
$2,346,000
Cap Rate 9%
$1,824,667
Alternative Uses
Best Use
Office B
$2.35M
$2.05M – $2.74M
NOI $164,220 @ 7.0% cap · market cap 7,550.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.91M
$2.54M – $3.39M
NOI $203,406 @ 7.0% cap · market cap 9,352.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,209
Businesses Nearby
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Business Placement
Demographics for 85007, AZ
14,442
Population
5,981
Households
2.4
Avg Household Size
36
Median Age
27%
College-Educated
81%
High-School Grad
4.6 sq mi
ZIP Area
3,140
Density / Sq Mi
$55,833
Median Household Income
$43,375
Median Earnings
$1,079
Median Rent
$447,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Creative space - Flexible floor plans can accommodate retail, medical, or creative office uses.
Where is this creative space located?
The property is located at 1805 W Van Buren St Unit 1801 Phoenix, AZ.
What are key features of this property?
This property features: Suite options range from 1,100 SF to 1,900 SF; 9,593‑SF property built in 1951; Floor plans can support retail, medical, or creative office uses
