Freestanding Office
3602 N 15th Ave Phoenix, AZ 85015
3602 N 15th Ave, Phoenix, AZ, 85015
$560,000
For Sale
$560,000
Freestanding office building with eight private offices, conference room, and breakroom on a large R-4 lot.
Property Size1,837 SF
Price / SF$304.84
Days on Market457
Property Features for 3602 N 15th Ave
General Information
- Standard status
- Active
- Size
- 1,837 SF
Listing agency
Compass
(602) 851-7677
Listed by
Blake Mallery · License #SA680838000
(602) 851-7677
Source
Exprealty
Added: Apr 21, 2025 Updated: Jul 20 at 8:01PM Checked: Jul 20 at 8:01PM
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 Compass
Investment Insights
Based on property information with market context.
This freestanding office building offers a well-laid-out interior designed for professional use. The approximately 1,836 SF space includes eight private offices, a conference room, and a breakroom, supporting a variety of general office or professional service operations.
The property sits on a 14,215 SF lot and is zoned R-4. It is located at 3602 N 15th Ave in Phoenix, with seller financing available.
The property sits on a 14,215 SF lot and is zoned R-4. It is located at 3602 N 15th Ave in Phoenix, with seller financing available.
Key Highlights
- 1,836 SF freestanding office building with a layout designed for professional office use
- Interior includes eight private offices plus a conference room and breakroom
- Located on a 14,215 SF lot
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 | $56.4k | $30.72 |
| − Vacancy | −$14.5k | −$7.90 |
| EGI | $41.9k | $22.82 |
| − OpEx | −$10.5k | −$5.71 |
| NOI | $31.4k | $17.12 |
1,837 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$449.2K
$393.1K – $524.1K
NOI $31,447 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$556.4K
$486.9K – $649.2K
NOI $38,951 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
DrFix4you
Tech Support Center
Helping Hands Training ...
Training Center
Montoya Alicia
Law Firm
BELLA HOME CARE
Home Health Care Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Freestanding office building with eight private offices, conference room, and breakroom on a large R-4 lot.
Where is this office building located?
The property is located at 3602 N 15th Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: 1,836 SF freestanding office building with a layout designed for professional office use; Interior includes eight private offices plus a conference room and breakroom; Located on a 14,215 SF lot
