Building Details

Year Built 1958

Year Renovated 2010

Buildings 1

Units 6

Listing Agency: Kidder Mathews

Listed By: Zack Harris · License #SA709469000 Show Phone

Source: Crexi

Added: Apr 28 Changed: Oct 7 Last Checked: Oct 16 at 9:37AM

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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 Kidder Mathews

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Investment Insights

Based on property information with market context.

This freestanding medical office property contains 2,301 SF and was constructed in 1958. Its standalone format distinguishes it from larger medical office complexes and provides a dedicated setting for professional use.

The property is located at 201 East Osborn Road in Phoenix, Arizona 85012, within the Midtown submarket and near historic neighborhoods. R-5 zoning is identified for the site.

Key Highlights

• 2,301 SF freestanding medical office property
• Located in Phoenix’s Midtown submarket
• Near historic neighborhoods

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,390

Cap Rate

4.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$787,800 $787.8K

Cap Rate 7%

$562,714 $562.7K

Cap Rate 9%

$437,667 $437.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,301 SF

Gross rent

$70.7K $30.72/SF

− Vacancy

−$18.2K −$7.90/SF

EGI

$52.5K $22.82/SF

− OpEx

−$13.1K −$5.71/SF

NOI

$39.4K $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%

$787,800

Cap Rate 7%

$562,714

Cap Rate 9%

$437,667

Alternative Uses

Best Use

Office B

$562.7K

$492.4K – $656.5K (±1% cap)

NOI $39,390 @ 7.0% cap · market cap 4.86%

Second Best

Healthcare Medical

$468.6K

$410.0K – $546.7K (±1% cap)

NOI $32,803 @ 7.0% cap · market cap 4.05%

Theoretical Best

Office A

$697.0K

$609.9K – $813.2K (±1% cap)

NOI $48,789 @ 7.0% cap · market cap 6.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Straight Up Chiropractic ... Alternative Medicine Practice

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Kitchen & Bath Showroom Garden Center Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,967

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 85012, AZ

8,201

Population

5,269

Households

1.6

Avg Household Size

39

Median Age

60%

College-Educated

95%

High-School Grad

2.3 sq mi

ZIP Area

3,566

Density / Sq Mi

$80,242

Median Household Income

$57,228

Median Earnings

$1,693

Median Rent

$701,200

Median Home Value

Market

Vacancy Rate% for Office in Phoenix, AZ

14.4% 2019

19.3% 2020

21.7% 2021

24.3% 2022

27.4% 2023

28.5% 2024

26.5% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Located near historic neighborhoods in Phoenix’s Midtown submarket, the property provides a freestanding medical office setting.

Where is this medical office space located?

The property is located at 201 East Osborn Road Phoenix, AZ.

What is the asking price?

The asking price for this property is $810,000.

What are key features of this property?

This property features: 2,301 SF freestanding medical office property; Located in Phoenix’s Midtown submarket; Near historic neighborhoods