Medical Office
20045 N 19th Ave Bldg 9, Phoenix, AZ 85027
For Sale
$1,121,405
An existing clinical buildout is configured to support multiple medical uses.
Property Size2,839 SF
Price / SF$395
Days on Market50
Property Features for 20045 N 19th Ave Bldg 9
General Information
Standard status
Size
Class
Property subtype
Site & Location
Neighborhood
Highway Access
Road Access
Amenities
solar panels
Building Details
Building Size
Year Built
Listing Agency:
Menlo Group Commercial Real Estate
Listed By:
Ryan Edwards · License AZ SA697072000
(480) 760-5044
Source:
Menlocre
Added: Sep 26
Changed: Nov 2
Last Checked: Nov 12 at 4:29AM
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 Menlo Group Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,839-square-foot medical office condominium has an existing buildout arranged for multiple medical uses. Solar panels are among the property’s energy-related features.
The office is on 19th Avenue in Phoenix, south of Loop 101.
The office is on 19th Avenue in Phoenix, south of Loop 101.
Key Highlights
- 2,839‑square‑foot medical office condominium
- Existing clinical buildout configured for multiple medical uses
- Solar panels installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,600
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$972,000
$972.0K
Cap Rate 7%
$694,286
$694.3K
Cap Rate 9%
$540,000
$540.0K
Market Conditions
NOI Build-Up for 2,839 SF
Gross rent
$87.2K $30.72/SF
− Vacancy
−$22.4K −$7.90/SF
EGI
$64.8K $22.82/SF
− OpEx
−$16.2K −$5.71/SF
NOI
$48.6K $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%
$972,000
Cap Rate 7%
$694,286
Cap Rate 9%
$540,000
Alternative Uses
Best Use
Office B
$694.3K
$607.5K – $810.0K
NOI $48,600 @ 7.0% cap · market cap 4.33%
Second Best
Healthcare Medical
$578.2K
$505.9K – $674.6K
NOI $40,473 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$860.0K
$752.5K – $1.00M
NOI $60,197 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
789
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85027, AZ
38,343
Population
17,458
Households
2.2
Avg Household Size
36
Median Age
29%
College-Educated
92%
High-School Grad
11.7 sq mi
ZIP Area
3,277
Density / Sq Mi
$73,255
Median Household Income
$46,338
Median Earnings
$1,488
Median Rent
$316,100
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Phoenix, AZ
Properties on Market for Medical Office Space in Phoenix
Vacancy Rate% for Office in Phoenix, AZ
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- Covetrus — 2401 West Grandview Road, Phoenix, AZ 85027
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Frequently Asked Questions
What type of property is this?
Medical Office Space - An existing clinical buildout is configured to support multiple medical uses.
Where is this medical office space located?
The property is located at 20045 N 19th Ave Bldg 9 Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,121,405.
What are key features of this property?
This property features: 2,839‑square‑foot medical office condominium; Existing clinical buildout configured for multiple medical uses; Solar panels installed
