Freestanding Office
For Sale
$600,000
1903 W Ocotillo Rd, Phoenix, AZ 85015
Standalone office building offered for sale in Phoenix, Arizona.
Property Size2,678 SF
Days on Market244
Property Features for 1903 W Ocotillo Rd
General Information
Standard status
Active
Size
2,678 SF
Property subtype
Office
Site & Location
Neighborhood
Skyline Heights
Building Details
Building Size
2,678 SF
Year Built
1969
Listing Agency:
Commercial Properties Inc
Listed By:
Brandon Koplin · License #SA567178000
(602) 373-4717
Source:
Corfac
Added: Feb 26
Changed: Oct 25
Last Checked: Oct 26 at 2:02PM
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 Commercial Properties Inc
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Investment Insights
Based on property information with market context.
This standalone office building is offered for sale and is presented as a freestanding commercial property.
The asset is located at 1903 W Ocotillo Rd in Phoenix, Arizona 85015. The listing is offered as a for-sale transaction.
Additional details regarding size, layout, improvements, and condition were not provided with this listing information.
The asset is located at 1903 W Ocotillo Rd in Phoenix, Arizona 85015. The listing is offered as a for-sale transaction.
Additional details regarding size, layout, improvements, and condition were not provided with this listing information.
Key Highlights
- Standalone office building for sale in Phoenix, AZ
- Built in 1969
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,844
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$916,880
$916.9K
Cap Rate 7%
$654,914
$654.9K
Cap Rate 9%
$509,378
$509.4K
Market Conditions
NOI Build-Up for 2,678 SF
Gross rent
$82.3K $30.72/SF
− Vacancy
−$21.1K −$7.90/SF
EGI
$61.1K $22.82/SF
− OpEx
−$15.3K −$5.71/SF
NOI
$45.8K $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%
$916,880
Cap Rate 7%
$654,914
Cap Rate 9%
$509,378
Alternative Uses
Best Use
Office B
$654.9K
$573.1K – $764.1K
NOI $45,844 @ 7.0% cap · market cap 7.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$811.2K
$709.8K – $946.4K
NOI $56,783 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
742
Businesses Nearby
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Business Placement
Demographics for 85015, AZ
41,436
Population
17,889
Households
2.3
Avg Household Size
33
Median Age
25%
College-Educated
78%
High-School Grad
4.9 sq mi
ZIP Area
8,456
Density / Sq Mi
$52,585
Median Household Income
$36,456
Median Earnings
$1,227
Median Rent
$312,600
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?
Office building - Standalone office building offered for sale in Phoenix, Arizona.
Where is this office building located?
The property is located at 1903 W Ocotillo Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Standalone office building for sale in Phoenix, AZ; Built in 1969
