Multi-Tenant Office
For Sale
$829,900
3030 E CACTUS Road, Phoenix, AZ 85032
Owner-user property with existing tenants and flexible suite configuration along Cactus Rd.
Property Size3,987 SF
Price / SF$208.15
Days on Market52
Property Features for 3030 E CACTUS Road
General Information
Standard status
Active
Size
3,987 SF
Property subtype
Comm/industry Sale
Listing Agency:
Orion Investment Real Estate
(480) 634-6934
Listed By:
Garrett K Hemeyer · License #SA684184000
(480) 848-3168
Source:
Juliebradfeldt
Added: Aug 17
Changed: Oct 5
Last Checked: Oct 7 at 12:09PM
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 Orion Investment Real Estate
Investment Insights
Based on property information with market context.
Built in 1972, this 3,897-square-foot office building is configured for multi-tenant occupancy and can be divided into as many as four suites. Current occupancy is just under 50%, providing an owner-user with existing tenants in place while retaining space for future expansion or additional leasing.
The property fronts Cactus Rd in Phoenix and sits less than half a mile from the SR-51 freeway. On-site parking includes 18 spaces, supporting a range of office uses and providing parking for employees, clients, and visitors.
The property fronts Cactus Rd in Phoenix and sits less than half a mile from the SR-51 freeway. On-site parking includes 18 spaces, supporting a range of office uses and providing parking for employees, clients, and visitors.
Key Highlights
- 3,897‑square‑foot office building constructed in 1972
- Multi‑tenant layout can be configured into up to 4 suites
- Just under 50% occupied with long‑term tenants in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,252
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,365,040
$1.4M
Cap Rate 7%
$975,029
$975.0K
Cap Rate 9%
$758,356
$758.4K
Market Conditions
NOI Build-Up for 3,987 SF
Gross rent
$122.5K $30.72/SF
− Vacancy
−$31.5K −$7.90/SF
EGI
$91.0K $22.82/SF
− OpEx
−$22.8K −$5.71/SF
NOI
$68.3K $17.12/SF
Area
ZIP 85032
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%
$1,365,040
Cap Rate 7%
$975,029
Cap Rate 9%
$758,356
Alternative Uses
Best Use
Office B
$975.0K
$853.2K – $1.14M
NOI $68,252 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.05M – $1.41M
NOI $84,362 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,037
Businesses Nearby
Explore this area
Business Placement
Demographics for 85032, AZ
68,710
Population
30,386
Households
2.3
Avg Household Size
38
Median Age
34%
College-Educated
89%
High-School Grad
12.4 sq mi
ZIP Area
5,541
Density / Sq Mi
$74,331
Median Household Income
$44,790
Median Earnings
$1,492
Median Rent
$387,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Phoenix, AZ
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Frequently Asked Questions
What type of property is this?
Office building - Owner-user property with existing tenants and flexible suite configuration along Cactus Rd.
Where is this office building located?
The property is located at 3030 E CACTUS Road Phoenix, AZ.
What is the asking price?
The asking price for this property is $829,900.
What are key features of this property?
This property features: 3,897‑square‑foot office building constructed in 1972; Multi‑tenant layout can be configured into up to 4 suites; Just under 50% occupied with long‑term tenants in place
