Phoenix Office Building For
2544 E University Dr, Phoenix, AZ 85034
Office building with training rooms, flexible layout, and ample parking.
Type:Office
Property size:
11,019 SFPrice / SF:
$222/SF- Added:
- Jan 26, 2026
- Days on Market:
- 117
- Last Refresh:
- Apr 5 at 8:29 pm
Property Features for 2544 E University Dr
General Information
- Standard status
- Active
- Size
- 11,019 SF
- Property subtype
- Office
Building Details
- Year Built
- 1978
Listing agent Darin Edwards (480) 214-1117
Listing office Commercial Properties Inc (480) 214-1117
Listing date Jan 26, 2026
Source Corfac
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 Commercial Properties Inc
HighLights
- Flexible floor plan allowing easy reconfiguration for one or more tenants.
- Ample surface and covered parking and convenient access for employees and visitors.
- Close proximity to major freeways, the airport, and Downtown Phoenix.
- Multiple training rooms and bullpens for collaborative or instructional use.
- Large reception/showroom area.
- Freeway monument signs.
Overview
This office building, located at 24th Street and University Drive, is available for sale. The property features multiple training rooms and bullpens suitable for collaborative or instructional purposes. It includes two break rooms, several private offices, and a large reception/showroom area. The flexible floor plan allows for easy reconfiguration to accommodate one or more tenants. Ample surface and covered parking is available, providing convenient access for employees and visitors. The property is in close proximity to major freeways, the airport, and Downtown Phoenix and features freeway monument signs. The property has a size of 11019 square feet.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$2.10M
NOI $188,631 @ 9.00% cap · cautious / downside scenario
Moderate
$2.69M
NOI $188,631 @ 7.00% cap · market / base-case scenario
Aggressive
$3.77M
NOI $188,631 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $338.5k | $30.72 |
| − Vacancy | −$87.0k | −$7.90 |
| EGI | $251.5k | $22.82 |
| − OpEx | −$62.9k | −$5.71 |
| NOI | $188.6k | $17.12 |
11,019 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$2.69M
$2.36M – $3.14M
NOI $188,631 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.34M
$2.92M – $3.89M
NOI $233,642 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Connectforce
Business Administration Service
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.027
- Latitude
- 33.4245
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Office building with training rooms, flexible layout, and ample parking.
Where is this office building located?
The property is located at 2544 E University Dr Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Flexible floor plan allowing easy reconfiguration for one or more tenants.; Ample surface and covered parking and convenient access for employees and visitors.; Close proximity to major freeways, the airport, and Downtown Phoenix.
