Updated Office
For Sale
$788,000
205 E Osborn Rd, Phoenix, AZ 85012
Frontage, dedicated parking, and a flexible professional-office layout support owner-user or tenant occupancy.
Property Size2,351 SF
Days on Market47
Property Features for 205 E Osborn Rd
General Information
Standard status
Active
Size
2,351 SF
Class
B
Property subtype
Office
Site & Location
Neighborhood
Encanto
Building Details
Building Size
2,351 SF
Year Built
1940
Listed By:
Justin Horwitz, SIOR
(480) 220-2674
Source:
Svndesertcommercial
Added: Sep 16
Changed: Oct 26
Last Checked: Nov 1 at 3:35AM
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 Justin Horwitz, SIOR
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Investment Insights
Based on property information with market context.
This approximately 2,351 SF office building was constructed in 1940 and occupies approximately 0.15 acres. The interior includes a reception area, multiple private perimeter offices, open work areas, a kitchen and break room, storage, and two restrooms, including one with a shower. Updated flooring and paint provide a refreshed interior for professional or administrative office use.
The property has direct frontage along Osborn Road and dedicated on-site parking. Its Central Phoenix setting offers access to State Route 51 and I-10, with proximity to light rail and Downtown Phoenix. The efficient floor plan and existing office improvements support both owner-user occupancy and office tenancy.
The property has direct frontage along Osborn Road and dedicated on-site parking. Its Central Phoenix setting offers access to State Route 51 and I-10, with proximity to light rail and Downtown Phoenix. The efficient floor plan and existing office improvements support both owner-user occupancy and office tenancy.
Key Highlights
- ±2,351 SF office building on ±0.15 acres
- Constructed in 1940 with updated flooring and paint
- Reception area, private offices, open work areas, kitchen, storage, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,246
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$804,920
$804.9K
Cap Rate 7%
$574,943
$574.9K
Cap Rate 9%
$447,178
$447.2K
Market Conditions
NOI Build-Up for 2,351 SF
Gross rent
$72.2K $30.72/SF
− Vacancy
−$18.6K −$7.90/SF
EGI
$53.7K $22.82/SF
− OpEx
−$13.4K −$5.71/SF
NOI
$40.2K $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%
$804,920
Cap Rate 7%
$574,943
Cap Rate 9%
$447,178
Alternative Uses
Best Use
Office B
$574.9K
$503.1K – $670.8K
NOI $40,246 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$712.1K
$623.1K – $830.8K
NOI $49,850 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
5,967
Businesses Nearby
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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
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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 - Frontage, dedicated parking, and a flexible professional-office layout support owner-user or tenant occupancy.
Where is this office building located?
The property is located at 205 E Osborn Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $788,000.
What are key features of this property?
This property features: ±2,351 SF office building on ±0.15 acres; Constructed in 1940 with updated flooring and paint; Reception area, private offices, open work areas, kitchen, storage, and two restrooms
