Two-Story Office Building with
2425 E Thomas Rd Phoenix, AZ 85016
For Sale
Contact for pricing
Mid-century two-story office building with ground-floor entry and flexible private office layout.
Property Size10,608 SF
Price / SF$197.49
Days on Market224
Property Features for 2425 E Thomas Rd
General Information
- Standard status
- Active
- Size
- 10,608 SF
- Property subtype
- OFFICE
Listing Agency:
ORION Investment Real Estate
(480) 226-8037
Listed By:
Nick Miner CCIM · License #BR530564000
(480) 226-8037
Source:
Moodyscre
Added: Dec 12, 2025
Changed: Jul 23
Last Checked: Jul 23 at 4:12AM
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 ORION Investment Real Estate
Investment Insights
Based on property information with market context.
This mid-century, two-story commercial office building offers a flexible floor plan with private office options to support a range of small business needs. The property includes a ground-floor entry and is described as plug-and-play, indicating move-in ready capabilities for day-to-day operations.
The building is positioned for strong visibility and convenient access to major thoroughfares, supporting easy customer and employee arrival.
With its combination of private office configurations and ground-floor access, the space is designed for straightforward occupancy in a move-inready environment.
The building is positioned for strong visibility and convenient access to major thoroughfares, supporting easy customer and employee arrival.
With its combination of private office configurations and ground-floor access, the space is designed for straightforward occupancy in a move-inready environment.
Key Highlights
- Mid‑century, two‑story commercial office building
- Ground‑floor entry for easy access
- Flexible floor plan with private office options
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 | $325.9k | $30.72 |
| − Vacancy | −$83.8k | −$7.90 |
| EGI | $242.1k | $22.82 |
| − OpEx | −$60.5k | −$5.71 |
| NOI | $181.6k | $17.12 |
10,608 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.59M
$2.27M – $3.03M
NOI $181,595 @ 7.0% cap · market cap 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.21M
$2.81M – $3.75M
NOI $224,928 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hair Your Way ...
Hair Salon
KenyaKustomz Hair
Hair Salon
Somali American United ...
Charitable Organization
NYCE Concrete Construction, ...
Construction Company
Investmentswest Inc
Financial Advisor
FAQs
What type of property is this?
Office building - Mid-century two-story office building with ground-floor entry and flexible private office layout.
Where is this office building located?
The property is located at 2425 E Thomas Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,095,000.
What are key features of this property?
This property features: Mid‑century, two‑story commercial office building; Ground‑floor entry for easy access; Flexible floor plan with private office options
