High-End Office
23027 N 15th Ln Phoenix, AZ 85027
For Sale
Contact for pricing
All HVAC units were replaced in 2016.
Property Size3,959 SF
Price / SF$300
Days on Market22
Property Features for 23027 N 15th Ln
General Information
- Standard status
- Active
- Size
- 3,959 SF
- Property subtype
- OFFICE
Listing Agency:
LevRose Commercial Real Estate
(602) 369-7127
Listed By:
Matt Leonard · License #BR544219000
(602) 369-7127
Source:
Moodyscre
Added: Jul 3
Changed: Jul 23
Last Checked: Jul 23 at 3:41PM
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 LevRose Commercial Real Estate
Investment Insights
Based on property information with market context.
This office space features a high-end office buildout and includes all HVAC units that were replaced in 2016. The property also has a newer electronic gate and a backflow preventor.
Recent property improvements include repainting the building and repaving the parking lot (approximately 2 years ago). Operationally, the listing notes very low CAM fees with no reserves.
In addition to the office improvements, the site offers 12' clear height and is described as having potential to expand the warehouse. Monument signage availability is also noted.
Recent property improvements include repainting the building and repaving the parking lot (approximately 2 years ago). Operationally, the listing notes very low CAM fees with no reserves.
In addition to the office improvements, the site offers 12' clear height and is described as having potential to expand the warehouse. Monument signage availability is also noted.
Key Highlights
- All HVAC units replaced in 2016
- 12' clear height
- High‑end office buildout
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 | $121.6k | $30.72 |
| − Vacancy | −$31.3k | −$7.90 |
| EGI | $90.4k | $22.82 |
| − OpEx | −$22.6k | −$5.71 |
| NOI | $67.8k | $17.12 |
3,959 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$968.2K
$847.2K – $1.13M
NOI $67,773 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,945 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
A J Thomas Printing
Marketing & Advertising
Diamond Contracting, LLC
Construction Company
C R Commercial ...
Construction Company
Sigma Services, Inc.
Construction Company
E B Holmes ...
Plumbing Service
FAQs
What type of property is this?
Office units - All HVAC units were replaced in 2016.
Where is this office units located?
The property is located at 23027 N 15th Ln Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,187,700.
What are key features of this property?
This property features: All HVAC units replaced in 2016; 12' clear height; High‑end office buildout
