Medical Office and
222 W Clarendon Ave Phoenix, AZ 85012
222 W Clarendon Ave, Phoenix, AZ, 85012
Contact for pricing
For Sale
Contact for pricing
Includes a medical/office building and a warehouse building on two parcels totaling 28,524 square feet, plus a billboard.
Property Size12,396 SF
Lot Size0.65 Acres
Price / SF$227.90
Days on Market76
Property Features for 222 W Clarendon Ave
General Information
- Standard status
- Active
- Size
- 12,396 SF
- Lot size
- 0.65 Acres
- Property subtype
- INDUSTRIAL
Listing agency
Colliers | Phoenix
(602) 316-7888
Listed by
Matt Fitz-Gerald
(602) 316-7888
Source
Moodyscre
Added: May 8 Updated: Jul 21 at 6:43PM Checked: Jul 21 at 6:43PM
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 Colliers | Phoenix
Investment Insights
Based on property information with market context.
Available for sale is a combined medical/office and warehouse property located at 222 W Clarendon Ave in Phoenix. The offering includes a medical/office building of approximately 7,068 square feet and a warehouse building of approximately 5,328 square feet, both situated on two parcels totaling approximately 28,524 square feet. The property also includes a billboard.
Public remarks indicate the asset is located in the heart of Midtown Phoenix. The property is reported to be currently 100% leased to four tenants.
This mixed-use configuration supports flexible operations within a single ownership, pairing office and warehouse space along with the additional billboard component.
Public remarks indicate the asset is located in the heart of Midtown Phoenix. The property is reported to be currently 100% leased to four tenants.
This mixed-use configuration supports flexible operations within a single ownership, pairing office and warehouse space along with the additional billboard component.
Key Highlights
- Multi‑building commercial property in Midtown Phoenix: medical/office (+7,068 SF) and warehouse (+5,328 SF).
- Two parcels totaling +28,524 SF, located at 3806 N 3rd St and 222 E Clarendon Ave, Phoenix, AZ.
- Currently 100% leased to four tenants.
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 | $380.8k | $30.72 |
| − Vacancy | −$97.9k | −$7.90 |
| EGI | $282.9k | $22.82 |
| − OpEx | −$70.7k | −$5.71 |
| NOI | $212.2k | $17.12 |
12,396 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.03M
$2.65M – $3.54M
NOI $212,204 @ 7.0% cap · market cap 7.51%
Second Best
Flex RnD
$1.94M
$1.70M – $2.27M
NOI $136,138 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$3.75M
$3.29M – $4.38M
NOI $262,840 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
BigBox Avenue
Home Decor Store
Haven at Midtown
Real Estate Agency
Similar For Sale Nearby
Similar Off Market Nearby
- Karsons Kornbread — 3110 N Central Ave, Phoenix, AZ 85013
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- Eddie C's Private Dining — 425 W Osborn Rd, Phoenix, AZ 85013, United States
- Ocholo's Kitchen — 3101 N Central Ave ste 183 3577, Phoenix, AZ 85012
- Urban Beans VEGAN — 3508 n 7th st #100, phoenix, az 85014
FAQs
What type of property is this?
Flex space - Includes a medical/office building and a warehouse building on two parcels totaling 28,524 square feet, plus a billboard.
Where is this flex space located?
The property is located at 222 W Clarendon Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,825,040.
What are key features of this property?
This property features: Multi‑building commercial property in Midtown Phoenix: medical/office (+7,068 SF) and warehouse (+5,328 SF).; Two parcels totaling +28,524 SF, located at 3806 N 3rd St and 222 E Clarendon Ave, Phoenix, AZ.; Currently 100% leased to four tenants.
