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Masonry Medical Office Conversion
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2602 East Thomas Road, Phoenix, AZ 85016

Masonry office building with covered parking, maintained landscaping, and separated building systems suited for medical conversion.

Property Size34,481 SF
Days on Market57

Property Features for 2602 East Thomas Road

General Information

Standard status Active
Size 34,481 SF
Property subtype Office

Site & Location

Highway Access Yes
Road Access Yes

Warehouse & Industrial

Heavy Power Yes
Sprinkler System Yes

Amenities

covered parking
professionally maintained facilities
landscaping

Building Details

Year Built 1985
Construction masonry
Listing Agency: Lee & Associates - Arizona
Listed By: Carter Gerardo · License #AZ SA673136000
Source: Crexi
Added: Jun 4 Changed: Jul 22 Last Checked: Jul 28 at 2:55PM

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 Lee & Associates - Arizona

Investment Insights

Based on property information with market context.

This masonry office building is positioned for medical conversion or ancillary use, with covered parking and professionally maintained facilities, landscaping, and building systems. The property includes over 3,800A of 277/480V power and two separate fire riser systems. Building systems can be separated to support a potential multi-tenant configuration.

The property is located on E. Thomas Road, with proximity to SR-51 and Loop 202, providing access to central Phoenix. Public remarks note access to major hospital systems including Phoenix Children’s Hospital, Banner–University Medical Center, and Arizona State Hospital.

For buyers seeking a conversion-ready office asset, the combination of substantial power capacity and separate fire riser systems is a practical foundation for reconfiguration. Covered parking and ongoing site and building maintenance support day-to-day readiness for repositioning.

Key Highlights

  • 1985‑built masonry office building on E. Thomas Road with covered parking
  • Proximity to SR‑51 and Loop 202 for access to central Phoenix
  • Access to major hospital systems including Phoenix Children's Hospital and Banner - University Medical Center

Property Analytics

Current Use

MICA (Mutual Insurance ... Financial Advisor

Suggested Use

Top Pick Grocery & Convenience Store Parking Lot & Garage Pet Grooming Service Electrical Service (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Heavy power
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,416
Businesses Nearby
Balanced
Demand for This Use

Demographics for 85016, AZ

37,326
Population
21,363
Households
1.7
Avg Household Size
38
Median Age
50%
College-Educated
94%
High-School Grad
8.2 sq mi
ZIP Area
4,552
Density / Sq Mi
$85,085
Median Household Income
$53,781
Median Earnings
$1,575
Median Rent
$508,400
Median Home Value

Market

Vacancy Rate% for Office in Phoenix, AZ

14.4% 2019
19.3% 2020
21.7% 2021
24.3% 2022
27.4% 2023
28.5% 2024
26.5% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Masonry office building with covered parking, maintained landscaping, and separated building systems suited for medical conversion.
Where is this medical office space located?
The property is located at 2602 East Thomas Road Phoenix, AZ.
What are key features of this property?
This property features: 1985‑built masonry office building on E. Thomas Road with covered parking; Proximity to SR‑51 and Loop 202 for access to central Phoenix; Access to major hospital systems including Phoenix Children's Hospital and Banner - University Medical Center
More about this property
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