Flexible Office Building with
For Sale
Contact for pricing
2727 W GLENDALE Avenue LL, Phoenix, AZ 85051
Configured with private rooms, conference areas, reception, restrooms, and ADA accessibility for office, educational, medical, or institutional use.
Property Size21,955 SF
Price / SF$0.50
Days on Market71
Property Features for 2727 W GLENDALE Avenue LL
General Information
Standard status
Active
Size
21,955 SF
Property subtype
Comm/industry Lease
Site & Location
Neighborhood
Alhambra
Highway Access
Yes
Amenities
private offices
classrooms
conference rooms
reception area
restrooms
student lockers
break areas
ADA accessibility
Listing Agency:
Century 21 Northwest
(623) 979-0065
Listed By:
Rodica Bartels · License #BR507907000
(602) 448-5228
Source:
Kelliesellsaz
Added: Aug 22
Changed: Oct 26
Last Checked: Oct 30 at 2:44PM
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 Century 21 Northwest
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Investment Insights
Based on property information with market context.
This 21,955-square-foot office building offers a flexible interior arrangement with multiple private offices and classrooms, conference rooms, a reception area, restrooms, student lockers, and break areas. The floor plan is designed for reconfiguration, supporting office, educational, medical, or institutional operations. The property is available with the upstairs unit as an expansion option, adding almost another 12,000 sq ft.
Ample parking and ADA accessibility are included. The building is located near I-17, providing convenient regional access. Its combination of dedicated rooms, shared support areas, and adaptable planning accommodates organizations seeking an established office setting with the ability to customize the interior.
Ample parking and ADA accessibility are included. The building is located near I-17, providing convenient regional access. Its combination of dedicated rooms, shared support areas, and adaptable planning accommodates organizations seeking an established office setting with the ability to customize the interior.
Key Highlights
- 21,955‑square‑foot office building
- Multiple private offices and classrooms with conference rooms
- Upstairs unit can add almost another 12,000 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$375,841
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,516,820
$7.5M
Cap Rate 7%
$5,369,157
$5.4M
Cap Rate 9%
$4,176,011
$4.2M
Market Conditions
NOI Build-Up for 21,955 SF
Gross rent
$674.5K $30.72/SF
− Vacancy
−$173.3K −$7.90/SF
EGI
$501.1K $22.82/SF
− OpEx
−$125.3K −$5.71/SF
NOI
$375.8K $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 Rate 5%
$7,516,820
Cap Rate 7%
$5,369,157
Cap Rate 9%
$4,176,011
Alternative Uses
Best Use
Office B
$5.37M
$4.70M – $6.26M
NOI $375,841 @ 7.0% cap · market cap 3,396.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.65M
$5.82M – $7.76M
NOI $465,525 @ 7.0% cap · market cap 4,207.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
Explore this area
Business Placement
Demographics for 85051, AZ
46,123
Population
16,818
Households
2.7
Avg Household Size
34
Median Age
20%
College-Educated
81%
High-School Grad
6.4 sq mi
ZIP Area
7,207
Density / Sq Mi
$63,665
Median Household Income
$38,980
Median Earnings
$1,256
Median Rent
$288,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Office building - Configured with private rooms, conference areas, reception, restrooms, and ADA accessibility for office, educational, medical, or institutional use.
Where is this office building located?
The property is located at 2727 W GLENDALE Avenue LL Phoenix, AZ.
What are key features of this property?
This property features: 21,955‑square‑foot office building; Multiple private offices and classrooms with conference rooms; Upstairs unit can add almost another 12,000 sq ft
