2345 W Glendale Ave, Phoenix, AZ
Versatile commercial building near I-17 and Metrocenter redevelopment.
- 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
Listing agent Kelly Carlon License #SA669487000
Listing office Avison Young | Phoenix (480) 994-8155
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.11
- Latitude
- 33.5383