High-End Office
For Sale
Contact for pricing
23027 N 15th Ln, Phoenix, AZ 85027
All HVAC units were replaced in 2016.
Property Size3,959 SF
Price / SF$300
Days on Market119
Property Features for 23027 N 15th Ln
General Information
Standard status
Active
Size
3,959 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Deer Valley
Additional Details
Clear Height
12 ft
Amenities
electronic gate
monument signage
Listing Agency:
LevRose Commercial Real Estate
(480) 947-0600
Listed By:
Matt Leonard · License #BR544219000
(602) 369-7127
Source:
Moodyscre
Added: Jul 3
Changed: Oct 26
Last Checked: Oct 28 at 10:38AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$67,773
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,355,460
$1.4M
Cap Rate 7%
$968,186
$968.2K
Cap Rate 9%
$753,033
$753.0K
Market Conditions
NOI Build-Up for 3,959 SF
Gross rent
$121.6K $30.72/SF
− Vacancy
−$31.3K −$7.90/SF
EGI
$90.4K $22.82/SF
− OpEx
−$22.6K −$5.71/SF
NOI
$67.8K $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%
$1,355,460
Cap Rate 7%
$968,186
Cap Rate 9%
$753,033
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 authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
12 ft
Clear height
Location Intelligence
Trade Area within ½ mile
917
Businesses Nearby
Explore this area
Business Placement
Demographics for 85027, AZ
38,343
Population
17,458
Households
2.2
Avg Household Size
36
Median Age
29%
College-Educated
92%
High-School Grad
11.7 sq mi
ZIP Area
3,277
Density / Sq Mi
$73,255
Median Household Income
$46,338
Median Earnings
$1,488
Median Rent
$316,100
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 unit - All HVAC units were replaced in 2016.
Where is this office unit 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
