Historic Boutique Office
335 E Palm Ln Phoenix, AZ 85004
335 E Palm Ln, Phoenix, AZ, 85004
Contact for pricing
For Sale
Contact for pricing
Historic Midtown office building with suites 201 and 202 available, offering owner-user with income opportunity.
Property Size7,700 SF
Price / SF$272.60
Days on Market246
Property Features for 335 E Palm Ln
General Information
- Standard status
- Active
- Size
- 7,700 SF
- Property subtype
- OFFICE
Properties For Sale
at 335 E Palm Ln Contact us
Listing agency
ORION Investment Real Estate
(480) 225-6484
Listed by
J.T. Taylor · License #BR530564000
(480) 225-6484
Source
Moodyscre
Added: Nov 18, 2025 Updated: Jul 21 at 9:52PM Checked: Jul 21 at 9:52PM
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.
Historic boutique office building in Midtown, Phoenix, with suites 201 and 202 available and comprising more than 50% of the building.
The property is centrally located near Downtown and Midtown, less than a mile from I-10.
A “Speak Easy” basement is present but not included in the listed square footage. The offering supports an owner-user and income arrangement based on the stated monthly income.
The property is centrally located near Downtown and Midtown, less than a mile from I-10.
A “Speak Easy” basement is present but not included in the listed square footage. The offering supports an owner-user and income arrangement based on the stated monthly income.
Key Highlights
- Historic boutique office building in Midtown, Phoenix
- Suites 201 & 202 available to occupy; more than 50% of the building
- Owner/user plus income opportunity listed at $6,789/mo
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $236.5k | $30.72 |
| − Vacancy | −$60.8k | −$7.90 |
| EGI | $175.8k | $22.82 |
| − OpEx | −$43.9k | −$5.71 |
| NOI | $131.8k | $17.12 |
7,700 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.88M
$1.65M – $2.20M
NOI $131,814 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,268 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Michael V. Black
Law Firm
Kratter Marci A
Law Firm
Cannakula
Gym & Fitness Center
Atlas AZ
Property Management Company
Jennifer Miles Wellness
Wellness Program
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FAQs
What type of property is this?
Office units - Historic Midtown office building with suites 201 and 202 available, offering owner-user with income opportunity.
Where is this office units located?
The property is located at 335 E Palm Ln Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,099,000.
What are key features of this property?
This property features: Historic boutique office building in Midtown, Phoenix; Suites 201 & 202 available to occupy; more than 50% of the building; Owner/user plus income opportunity listed at $6,789/mo
