Freestanding Office Building in
For Sale
Contact for pricing
Pending
3307 E THUNDERBIRD Road, Phoenix, AZ 85032
Well-maintained 1,779 SF office building with easy highway access.
Property Size1,779 SF
Days on Market175
Property Features for 3307 E THUNDERBIRD Road
General Information
Standard status
Pending
Size
1,779 SF
Property subtype
Industrial
Listing Agency:
Century 21 Northwest Realty Glendale
(623) 556-6170
Listed By:
John Crow · License #AZ
Source:
Crexi
Added: Feb 28
Changed: Aug 18
Last Checked: Aug 17 at 3:43PM
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 Realty Glendale
Investment Insights
Based on property information with market context.
This well-maintained 1,779 square foot freestanding office building is positioned for business success. The property is conveniently located with easy access to SR 51 and the Loop 101, providing connectivity to the greater metro area. The floor plan includes 3 private offices plus 1 flex space, a spacious conference room, a welcoming reception area, a kitchen, and 2 restrooms. Two storage rooms are also present. This thoughtfully designed floor plan supports efficient workflow while maintaining a polished, professional environment. It is ideal for executive suites, professional services, consulting offices, or small business headquarters seeking independent space without multi-tenant restraints.
Key Highlights
- Convenient access to SR 51 and Loop 101 highways.
- 1,779 SF stand‑alone building offering independent space.
- Includes 3 private offices plus 1 flex space.
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
$30,454
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
5.69%
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%
$609,080
$609.1K
Cap Rate 7%
$435,057
$435.1K
Cap Rate 9%
$338,378
$338.4K
Market Conditions
NOI Build-Up for 1,779 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
$54.7K $30.72/SF
− Vacancy
−$14.0K −$7.90/SF
EGI
$40.6K $22.82/SF
− OpEx
−$10.2K −$5.71/SF
NOI
$30.5K $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%
$609,080
Cap Rate 7%
$435,057
Cap Rate 9%
$338,378
Alternative Uses
Best Use
Office B
$435.1K
$380.7K – $507.6K
NOI $30,454 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$537.8K
$470.5K – $627.4K
NOI $37,643 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
531
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 - Well-maintained 1,779 SF office building with easy highway access.
Where is this office building located?
The property is located at 3307 E THUNDERBIRD Road Phoenix, AZ.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Convenient access to SR 51 and Loop 101 highways.; 1,779 SF stand‑alone building offering independent space.; Includes 3 private offices plus 1 flex space.
