Executive Office Unit with Conference
For Sale
$2,099,791
2633 E Indian School Rd Unit 410, Phoenix, AZ 85016
Move-in-ready office space offers private entry, flexible work areas, and reserved covered parking.
Property Size5,849 SF
Price / SF$359
Days on Market202
Property Features for 2633 E Indian School Rd Unit 410
General Information
Standard status
Active
Size
5,849 SF
Total Parking Spaces
4
Elevators
Yes
Property subtype
Commercial
Additional Details
Floor
Top Floor
Amenities
monument sign
keyless secured entry
security system
camera system
mini split air conditioning system for data room
Building Details
Year Built
1985
Listing Agency:
Debbie Liu Realty
(623) 236-9885
Listed By:
Debbie Liu · License #BR626493000
Source:
Searchphxproperties
Added: Feb 9
Changed: Aug 28
Last Checked: Aug 29 at 10:33AM
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 Debbie Liu Realty
Investment Insights
Based on property information with market context.
This 5,849-square-foot top-floor office unit, built in 1985, is configured for professional operations with an executive lobby, up to 12 offices, two large conference or training rooms, and two or three break or copy areas. An existing open workspace supports a more flexible floor plan, while glass-partitioned offices, solid-core and glass-insert doors, built-in features, decorative flooring, 2x2 ceilings, and energy-efficient parabolic lighting complete the interior. A dedicated mini-split system serves the data room.
The suite has direct access from the elevator and main core lobby, along with a private keyless entrance. Security features include a private security system and camera system. Four specifically designated covered parking spaces convey with the unit, and additional unreserved parking is available in a larger on-site field. The property also has top placement on a monument sign along Indian School Road.
The suite has direct access from the elevator and main core lobby, along with a private keyless entrance. Security features include a private security system and camera system. Four specifically designated covered parking spaces convey with the unit, and additional unreserved parking is available in a larger on-site field. The property also has top placement on a monument sign along Indian School Road.
Key Highlights
- 5,849‑square‑foot top‑floor office unit
- Up to 12 offices plus two large conference or training rooms
- Four owned, designated, covered reserved parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$100,127
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,002,540
$2.0M
Cap Rate 7%
$1,430,386
$1.4M
Cap Rate 9%
$1,112,522
$1.1M
Market Conditions
NOI Build-Up for 5,849 SF
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.
Gross rent
$179.7K $30.72/SF
− Vacancy
−$46.2K −$7.90/SF
EGI
$133.5K $22.82/SF
− OpEx
−$33.4K −$5.71/SF
NOI
$100.1K $17.12/SF
Area
Phoenix, AZ
Vacancy
25.70%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,002,540
Cap Rate 7%
$1,430,386
Cap Rate 9%
$1,112,522
Alternative Uses
Best Use
Office B
$1.43M
$1.25M – $1.67M
NOI $100,127 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,020 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,503
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Move-in-ready office space offers private entry, flexible work areas, and reserved covered parking.
Where is this office units located?
The property is located at 2633 E Indian School Rd Unit 410 Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,099,791.
What are key features of this property?
This property features: 5,849‑square‑foot top‑floor office unit; Up to 12 offices plus two large conference or training rooms; Four owned, designated, covered reserved parking spaces
