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    Move-in Ready Commercial Building Title is generated by Realmo AI

    2345 W Glendale Ave, Phoenix, AZ

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    Versatile commercial building near I-17 and Metrocenter redevelopment.

    Type:OFFICE
    Property size:
    7,777 SF
    Lot size:
    0.41 Acres
    Price / SF:
    $214/SF
    Added:
    Oct 20, 2025
    Days on Market:
    236
    Last Refresh:
    May 20 at 9:17 pm

    Property Features for 2345 W Glendale Ave

    General Information

    Standard status
    Active
    Size
    7,777 SF
    Lot size
    0.41 Acres
    Property subtype
    OFFICE

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    Listing Contact
    Kelly Carlon
    Kelly Carlon

    Listing agent Kelly Carlon License #SA669487000

    Listing office Avison Young | Phoenix

    Listing date Oct 20, 2025

    Source Moodyscre

    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 Avison Young | Phoenix

    HighLights

    • Additional ±10.25 acre parking lot located directly behind the building.
    • Convenient location near I‑17 Freeway, Metrocenter redevelopment, and Grand Canyon University.
    • Recent 2022 improvements including paint, flooring, electrical systems, and upgraded millwork.
    • Move‑in‑ready space suitable for attorneys, CPAs, and medical professionals.
    • Two HVAC systems installed 5/2017.
    • Phase 1 power and 10‑foot ceilings.

    Overview

    This versatile property includes an approximately 0.25-acre additional parking lot located directly behind the building. The building features two HVAC systems installed in May 2017, Phase 1 power, and 10-foot ceilings. Recent improvements in 2022 include fresh exterior and interior paint, updated flooring, enhanced electrical systems, an enclosed dumpster area, and upgraded millwork in the reception area, breakroom, and bathrooms. Conveniently located near the I-17 Freeway, the property is just minutes from the Metrocenter redevelopment and three miles north of Grand Canyon University. This property is suitable for attorneys, CPAs, and medical professionals seeking a well-located, move-in-ready space.

    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 $238.9k $30.72
    − Vacancy −$61.4k −$7.90
    EGI $177.5k $22.82
    − OpEx −$44.4k −$5.71
    NOI $133.1k $17.12
    7,777 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.90M
    $1.66M – $2.22M (±1% cap)
    NOI $133,132 @ 7.0% cap · market cap 7.99%
    Second Best
    Retail
    $1.26M
    $1.10M – $1.46M (±1% cap)
    NOI $87,897 @ 7.0% cap · market cap 5.28%
    Theoretical Best
    Office A
    $2.36M
    $2.06M – $2.75M (±1% cap)
    NOI $164,900 @ 7.0% cap · market cap 9.90%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Josue Bustos Foster Care Service Phoenix Shanti Group ... Wellness Program Southwest Behavioral and Health ... Social Service Agency ..... Consultant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.11
    Latitude
    33.5383

    FAQs

    What type of property is this?
    Office building - Versatile commercial building near I-17 and Metrocenter redevelopment.
    Where is this office building located?
    The property is located at 2345 W Glendale Ave Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $1,665,675.
    What are key features of this property?
    This property features: Additional ±10.25 acre parking lot located directly behind the building.; Convenient location near I‑17 Freeway, Metrocenter redevelopment, and Grand Canyon University.; Recent 2022 improvements including paint, flooring, electrical systems, and upgraded millwork.
    (480) 994-8155 Call to check price and availability
    More about this property
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