Medical Office Corner
For Sale
Contact for pricing
202 E Earll Dr, Phoenix, AZ 85012
Top-floor corner suite featuring two outdoor patios and a waiting room with new carpet.
Property Size1,630 SF
Price / SF$265
Days on Market626
Property Features for 202 E Earll Dr
General Information
Standard status
Active
Size
1,630 SF
Property subtype
OFFICE
Amenities
waiting room with leather furniture and new carpet
contemporary artwork
upgraded cabinets & contemporary counter tops and back splashes
light rail and bus accessible
spectacular views
2 outdoor patios
Listing Agency:
Commercial Properties Inc
(602) 369-9996
Listed By:
Paul Fox · License ##SA628495000
(602) 369-9996
Source:
Moodyscre
Added: Nov 13, 2024
Changed: Jul 27
Last Checked: Jul 30 at 2:42PM
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
Investment Insights
Based on property information with market context.
This top-floor corner suite includes two outdoor patios and a waiting room with leather furniture and new carpet. The interior also features contemporary art work along with upgraded cabinets, contemporary countertops, and backsplash finishes, supporting a professional environment for client-facing operations.
The suite offers views to the south and east and is located between Banner and Saint Joseph Medical Campuses. The property is accessible by light rail and bus.
Based on current occupancy information, the space is primarily occupied by attorneys, physicians, and title companies.
The suite offers views to the south and east and is located between Banner and Saint Joseph Medical Campuses. The property is accessible by light rail and bus.
Based on current occupancy information, the space is primarily occupied by attorneys, physicians, and title companies.
Key Highlights
- Top‑floor corner suite with two outdoor patios
- Waiting room with new carpet
- Upgraded cabinets with contemporary countertops and backsplashes
Financial Insights For Office B
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 | $50.1k | $30.72 |
| − Vacancy | −$12.9k | −$7.90 |
| EGI | $37.2k | $22.82 |
| − OpEx | −$9.3k | −$5.71 |
| NOI | $27.9k | $17.12 |
1,630 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$398.6K
$348.8K – $465.1K
NOI $27,904 @ 7.0% cap · market cap 6.46%
Second Best
Healthcare Medical
$332.0K
$290.5K – $387.3K
NOI $23,237 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$493.7K
$432.0K – $576.0K
NOI $34,562 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,216
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Top-floor corner suite featuring two outdoor patios and a waiting room with new carpet.
Where is this office units located?
The property is located at 202 E Earll Dr Phoenix, AZ.
What is the asking price?
The asking price for this property is $431,950.
What are key features of this property?
This property features: Top‑floor corner suite with two outdoor patios; Waiting room with new carpet; Upgraded cabinets with contemporary countertops and backsplashes
