Built-Out Medical Office Condo
20045 N 19TH Avenue 166 Phoenix, AZ 85027
For Sale
$799,999
Pending
Move-in-ready medical office condo in a 13-building project, fully built out with 3-phase electrical service.
Property Size4,901 SF
Days on Market227
Property Features for 20045 N 19TH Avenue 166
General Information
- Standard status
- Pending
- Size
- 4,901 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2007
Listing Agency:
The Menlo Group Commercial Real Estate
(480) 659-1777
Listed By:
Grafton Milne · License #BR584594000
(480) 659-1777
Source:
Exitrealty
Added: Dec 9, 2025
Changed: Jul 23
Last Checked: Jul 24 at 7:31AM
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 The Menlo Group Commercial Real Estate
Investment Insights
Based on property information with market context.
This medical office condo suite offers approximately 2,264 SF and is located within a 13-building medical/office condo project. The space is fully built out and was most recently used as a chiropractor office, making it well suited for an owner-user looking for an existing medical-ready layout. Electrical service includes 500 amps, 120/208 volts, and 3-phase power.
The property is situated at the southeast corner of 19th Avenue and Loop 101, with immediate access to the Loop 101 corridor.
As an in-project suite, it provides a straightforward option for buyers seeking a turn-key medical office environment within a multi-building medical/office community.
The property is situated at the southeast corner of 19th Avenue and Loop 101, with immediate access to the Loop 101 corridor.
As an in-project suite, it provides a straightforward option for buyers seeking a turn-key medical office environment within a multi-building medical/office community.
Key Highlights
- Move‑in‑ready medical office condo in a 13‑building medical/office condo project
- Approximately 2,264 SF unit size; former chiropractor office
- Year built: 2007
Financial Insights For Healthcare Medical
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 | $129.4k | $26.40 |
| − Vacancy | −$12.9k | −$2.64 |
| EGI | $116.4k | $23.76 |
| − OpEx | −$46.6k | −$9.50 |
| NOI | $69.9k | $14.26 |
4,901 SF · lease $26.40/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $83,899 @ 7.0% cap · market cap 10.49%
Second Best
Healthcare Medical
$998.1K
$873.4K – $1.16M
NOI $69,869 @ 7.0% cap · market cap 8.73%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,919 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Optimum Surgical Center
Medical Clinic
Michael Givens
Physician
Laura Blaylock
Physician
Mrs. Adair Kredit
Physician
Mackenzi Reeg
Physician
Similar Off Market Nearby
- Covetrus — 2401 West Grandview Road, Phoenix, AZ 85027
- AZ MIX Compounding Pharmacy — 2501 W Behrend Dr Suite A-11, Phoenix, AZ 85027
- Valet Vet Mobile Veterinary Services — 2401 W Behrend Dr Suite 85, Phoenix, AZ 85027
- North Valley Equine — Phoenix, AZ 85027
FAQs
What type of property is this?
Medical Office Space - Move-in-ready medical office condo in a 13-building project, fully built out with 3-phase electrical service.
Where is this medical office space located?
The property is located at 20045 N 19TH Avenue 166 Phoenix, AZ.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Move‑in‑ready medical office condo in a 13‑building medical/office condo project; Approximately 2,264 SF unit size; former chiropractor office; Year built: 2007
