Updated Office Suite with Reception
For Sale
Contact for pricing
21035 N Cave Creek Rd, Phoenix, AZ 85024
Flexible office layout with private rooms, bullpen workspace, break room, and bathroom.
Property Size1,651 SF
Price / SF$319.81
Days on Market166
Property Features for 21035 N Cave Creek Rd
General Information
Standard status
Active
Size
1,651 SF
Property subtype
OFFICE
Amenities
private offices
bullpen area
break room
private bathroom
reception area
natural light
exposed ceiling
LED lighting
Listing Agency:
SVN | Desert Commercial Advisors
(480) 220-2674
Listed By:
Justin Horwitz · License #AZ #SA674245000
(480) 220-2674
Source:
Moodyscre
Added: Feb 16
Changed: Jul 31
Last Checked: Jul 31 at 1:58PM
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 SVN | Desert Commercial Advisors
Investment Insights
Based on property information with market context.
This 1,651-square-foot office suite features three private interior offices, a long bullpen area, and a large reception area at the front entrance. The layout also includes an interior break room and private interior bathroom, providing a practical configuration for office operations.
The modern updated interior includes exposed ceiling lines and modern LED lighting. Southern exposure brings natural light to the entrance, complementing the reception area and supporting a bright arrival experience.
The modern updated interior includes exposed ceiling lines and modern LED lighting. Southern exposure brings natural light to the entrance, complementing the reception area and supporting a bright arrival experience.
Key Highlights
- 1,651‑square‑foot office suite
- Three private interior offices and a long bullpen area
- Large reception area at the front entrance
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 | $50.7k | $30.72 |
| − Vacancy | −$13.0k | −$7.90 |
| EGI | $37.7k | $22.82 |
| − OpEx | −$9.4k | −$5.71 |
| NOI | $28.3k | $17.12 |
1,651 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$403.8K
$353.3K – $471.1K
NOI $28,263 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$500.1K
$437.6K – $583.5K
NOI $35,007 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
908
Businesses Nearby
Explore this area
Business Placement
Demographics for 85024, AZ
26,021
Population
11,032
Households
2.4
Avg Household Size
37
Median Age
45%
College-Educated
93%
High-School Grad
11.7 sq mi
ZIP Area
2,224
Density / Sq Mi
$97,759
Median Household Income
$52,441
Median Earnings
$1,813
Median Rent
$430,400
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 - Flexible office layout with private rooms, bullpen workspace, break room, and bathroom.
Where is this office units located?
The property is located at 21035 N Cave Creek Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $528,000.
What are key features of this property?
This property features: 1,651‑square‑foot office suite; Three private interior offices and a long bullpen area; Large reception area at the front entrance
