Office Building with
For Sale
Contact for pricing
2544 E University Dr, Phoenix, AZ 85034
Office building offering reception, multiple offices, a conference room, bull pens, and break room with ample parking.
Property Size11,019 SF
Price / SF$222.34
Days on Market275
Property Features for 2544 E University Dr
General Information
Standard status
Active
Size
11,019 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
Commercial Properties Inc
(480) 628-8661
Listed By:
Darin Edwards · License #SA540651000
(480) 628-8661
Source:
Moodyscre
Added: Oct 29, 2025
Changed: Jul 28
Last Checked: Jul 28 at 2:43AM
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
Investment Insights
Based on property information with market context.
This office building is available for sale with a functional interior that includes a reception area, eight offices, a conference room, four bull pens, a break room, and two restrooms. The layout is described as flexible, allowing for straightforward reconfiguration to support different office setups.
The property provides ample surface and covered parking and convenient access for employees and visitors. Public remarks note close proximity to major freeways, Phoenix Sky Harbor Airport, and Downtown Phoenix.
Additional exterior visibility is highlighted in the remarks, including freeway signage. The property is listed for sale at 2544 E University Dr, Phoenix, AZ 85034.
The property provides ample surface and covered parking and convenient access for employees and visitors. Public remarks note close proximity to major freeways, Phoenix Sky Harbor Airport, and Downtown Phoenix.
Additional exterior visibility is highlighted in the remarks, including freeway signage. The property is listed for sale at 2544 E University Dr, Phoenix, AZ 85034.
Key Highlights
- Office building for sale with reception, 8 offices, conference room, 4 bull pens, and break room
- Includes 2 restrooms and a flexible floor plan for easy reconfiguration
- Ample surface and covered parking for employees and visitors
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 | $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 Uses
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 authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Explore this area
Business Placement
Demographics for 85034, AZ
5,033
Population
2,901
Households
1.7
Avg Household Size
32
Median Age
32%
College-Educated
81%
High-School Grad
11.6 sq mi
ZIP Area
434
Density / Sq Mi
$53,545
Median Household Income
$43,236
Median Earnings
$1,205
Median Rent
$397,400
Median Home Value
Market
Vacancy Rate% for Office in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building offering reception, multiple offices, a conference room, bull pens, and break room with 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: Office building for sale with reception, 8 offices, conference room, 4 bull pens, and break room; Includes 2 restrooms and a flexible floor plan for easy reconfiguration; Ample surface and covered parking for employees and visitors
