Well-Maintained Office
214 East Monterey Way Phoenix, AZ 85012
214 East Monterey Way, Phoenix, AZ, 85012
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For Sale
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A well-maintained office building with private offices, open work areas, reception, and break areas plus ample on-site parking.
Property Size1,842 SF
Price / SF$393.59
Days on Market21
Property Features for 214 East Monterey Way
General Information
- Standard status
- Active
- Size
- 1,842 SF
- Property subtype
- Office
Building Details
- Year Built
- 1956
Listing agency
RE/MAX Fine Properties
(602) 527-2929
Listed by
Brett Nicholas · License #SA687827000
Source
Crexi
Added: Jul 1 Updated: Jul 20 at 5:58PM Checked: Jul 21 at 5:16AM
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 RE/MAX Fine Properties
Investment Insights
Based on property information with market context.
214 E. Monterey Way is a well-maintained office building offering a functional, efficient layout for a range of professional uses. The space includes private offices alongside open work areas, with dedicated reception and break areas to support day-to-day operations. It is presented as a practical owner-user or investment option within a professional office setting.
The property is positioned in Central Phoenix with quick access to the Camelback Corridor, Downtown Phoenix, and SR-51. Commuting for employees and client visits are supported by connectivity to Central Avenue, Thomas Road, 7th Street, and SR-51. The area is described as established, with convenient access to employment centers, restaurants, retail amenities, and public transportation.
On-site parking is available, supporting straightforward arrival and accessibility for staff and visitors.
The property is positioned in Central Phoenix with quick access to the Camelback Corridor, Downtown Phoenix, and SR-51. Commuting for employees and client visits are supported by connectivity to Central Avenue, Thomas Road, 7th Street, and SR-51. The area is described as established, with convenient access to employment centers, restaurants, retail amenities, and public transportation.
On-site parking is available, supporting straightforward arrival and accessibility for staff and visitors.
Key Highlights
- Office building built in 1956 with a functional, efficient layout.
- Includes private offices plus open work areas, reception, and break areas.
- Well‑maintained office building in Central Phoenix Midtown with quick access to major corridors.
Local 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 | $56.6k | $30.72 |
| − Vacancy | −$14.5k | −$7.90 |
| EGI | $42.0k | $22.82 |
| − OpEx | −$10.5k | −$5.71 |
| NOI | $31.5k | $17.12 |
1,842 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$450.5K
$394.2K – $525.6K
NOI $31,533 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$558.0K
$488.2K – $651.0K
NOI $39,057 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Palacios Crew Counseling ...
Counselor
Simply Psychology LLC
Counselor
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FAQs
What type of property is this?
Office building - A well-maintained office building with private offices, open work areas, reception, and break areas plus ample on-site parking.
Where is this office building located?
The property is located at 214 East Monterey Way Phoenix, AZ.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Office building built in 1956 with a functional, efficient layout.; Includes private offices plus open work areas, reception, and break areas.; Well‑maintained office building in Central Phoenix Midtown with quick access to major corridors.
