Multi-Tenant Office
For Sale
Contact for pricing
3030 E Cactus Rd, Phoenix, AZ 85032
Owner-user property with existing tenants and flexible suite configuration along Cactus Rd.
Property Size3,897 SF
Price / SF$212.96
Days on Market10
Property Features for 3030 E Cactus Rd
General Information
Standard status
Active
Size
3,897 SF
Total Parking Spaces
18
Property subtype
Office
Occupancy
50%
Investment Type
Owner/User
Building Details
Year Built
1972
Tenancy
Multi
Listing Agency:
ORION Investment Real Estate
(623) 533-1746
Listed By:
Garrett Hemeyer · License #AZ SA684184000
Source:
Crexi
Added: Aug 14
Changed: Aug 18
Last Checked: Aug 22 at 4:20PM
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 = 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
$66,712
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
8.04%
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%
$1,334,240
$1.3M
Cap Rate 7%
$953,029
$953.0K
Cap Rate 9%
$741,244
$741.2K
Market Conditions
NOI Build-Up for 3,897 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
$119.7K $30.72/SF
− Vacancy
−$30.8K −$7.90/SF
EGI
$88.9K $22.82/SF
− OpEx
−$22.2K −$5.71/SF
NOI
$66.7K $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 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%
$1,334,240
Cap Rate 7%
$953,029
Cap Rate 9%
$741,244
Alternative Uses
Best Use
Office B
$953.0K
$833.9K – $1.11M
NOI $66,712 @ 7.0% cap · market cap 8.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,458 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - 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 Rd 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
