Built-Out Office
For Sale
Contact for pricing
3040 E Cactus Road, Phoenix, AZ 85032
Office accommodations in a multi-building complex with solar improvements and access to nearby retail and dining amenities.
Property Size4,052 SF
Days on Market167
Property Features for 3040 E Cactus Road
General Information
Standard status
Active
Size
4,052 SF
Class
C
Property subtype
Office
Lease Term
Full Service
Site & Location
Neighborhood
Paradise Valley
Highway Access
Yes
Road Access
Yes
Amenities
solar upgrades
Building Details
Building Size
4,052 SF
Year Built
1973
Properties For Sale
at 3040 E Cactus Road
Bldg A
Size
1,188 SF
Term
Negotiable
Listing Agency:
SVN | Desert Commercial Advisors
Listed By:
Jonathan Levy · License #AZ #SA648012000
(623) 556-6420
Source:
Svn
Added: May 14
Changed: Oct 25
Last Checked: Oct 26 at 2:30PM
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 SVN | Desert Commercial Advisors
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Investment Insights
Based on property information with market context.
The property at 3040 E. Cactus Road in Phoenix provides general office accommodations within a multi-building complex. Existing improvements include built-out office areas and a separate building, offering distinct configurations within the property. The complex was constructed in 1973 and includes solar upgrades. A full-service gross lease structure is also identified for the office space.
Cactus Road carries approximately 45,000 vehicles per day, providing exposure along a heavily traveled commercial corridor. The property offers access to SR-51 and is near restaurant and retail amenities, as well as the Paradise Valley Mall redevelopment. These surrounding features support convenient access for office users and visitors.
Cactus Road carries approximately 45,000 vehicles per day, providing exposure along a heavily traveled commercial corridor. The property offers access to SR-51 and is near restaurant and retail amenities, as well as the Paradise Valley Mall redevelopment. These surrounding features support convenient access for office users and visitors.
Key Highlights
- Built‑out general office areas within a multi‑building complex
- Separate building available within the property
- Full‑service gross lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,365
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,387,300
$1.4M
Cap Rate 7%
$990,929
$990.9K
Cap Rate 9%
$770,722
$770.7K
Market Conditions
NOI Build-Up for 4,052 SF
Gross rent
$124.5K $30.72/SF
− Vacancy
−$32.0K −$7.90/SF
EGI
$92.5K $22.82/SF
− OpEx
−$23.1K −$5.71/SF
NOI
$69.4K $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%
$1,387,300
Cap Rate 7%
$990,929
Cap Rate 9%
$770,722
Alternative Uses
Best Use
Office B
$990.9K
$867.1K – $1.16M
NOI $69,365 @ 7.0% cap · market cap 346,825.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,738 @ 7.0% cap · market cap 428,690.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
435
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
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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 unit - Office accommodations in a multi-building complex with solar improvements and access to nearby retail and dining amenities.
Where is this office unit located?
The property is located at 3040 E Cactus Road Phoenix, AZ.
What are key features of this property?
This property features: Built‑out general office areas within a multi‑building complex; Separate building available within the property; Full‑service gross lease structure
