Phoenix Office Building For
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3620 N 4th Avenue, Phoenix, AZ 85013
Two-story office building with flexible layout in Phoenix, Arizona.
Property Size18,350 SF
Price / SF$175
Days on Market341
Property Features for 3620 N 4th Avenue
General Information
Standard status
Active
Size
18,350 SF
Class
B
Total Parking Spaces
64
Property subtype
Office
Zoning
C-2, City of Phoenix
Site & Location
Neighborhood
Encanto
Building Details
Year Built
1987
Year Renovated
2006
Buildings
1
Stories
2
Listing Agency:
Avison Young - Phoenix
Listed By:
Kelly Carlon · License #AZ SA669487000
(480) 463-4199
Source:
Crexi
Added: Nov 24, 2025
Changed: Oct 26
Last Checked: Oct 30 at 2:34PM
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 Avison Young - Phoenix
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Investment Insights
Based on property information with market context.
This two-story office building in Phoenix, Arizona, offers a versatile layout suitable for various professional uses. The first floor features seven offices, two lobbies/receptions, open work areas, a conference room, storage rooms, and a commercial kitchen/dining area. The second floor includes ten offices, two lobbies/receptions, two conference rooms, open workspace, storage rooms, a breakroom, a copy/work room, and two large group areas. Previously used as an Adult Day Care Facility, the building contains 17 restrooms, including 4 with showers. The property has a total size of 18,350 square feet.
Key Highlights
- Seventeen restrooms, including four with showers.
- Two floors with multiple offices, lobbies/receptions, conference rooms, and open workspace areas.
- Includes a commercial kitchen/dining area, breakroom, and copy/work room.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$261,598
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,231,960
$5.2M
Cap Rate 7%
$3,737,114
$3.7M
Cap Rate 9%
$2,906,644
$2.9M
Market Conditions
NOI Build-Up for 18,350 SF
Gross rent
$484.4K $26.40/SF
− Vacancy
−$48.4K −$2.64/SF
EGI
$436.0K $23.76/SF
− OpEx
−$174.4K −$9.50/SF
NOI
$261.6K $14.26/SF
Area
Phoenix, AZ
Vacancy
10.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,231,960
Cap Rate 7%
$3,737,114
Cap Rate 9%
$2,906,644
Alternative Uses
Best Use
Office B
$4.49M
$3.93M – $5.24M
NOI $314,129 @ 7.0% cap · market cap 9.78%
Second Best
Healthcare Medical
$3.74M
$3.27M – $4.36M
NOI $261,598 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$5.56M
$4.86M – $6.48M
NOI $389,086 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,005
Businesses Nearby
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Business Placement
Demographics for 85013, AZ
21,970
Population
11,618
Households
1.9
Avg Household Size
38
Median Age
47%
College-Educated
90%
High-School Grad
3.7 sq mi
ZIP Area
5,938
Density / Sq Mi
$68,895
Median Household Income
$53,067
Median Earnings
$1,435
Median Rent
$476,200
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 building - Two-story office building with flexible layout in Phoenix, Arizona.
Where is this office building located?
The property is located at 3620 N 4th Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,211,250.
What are key features of this property?
This property features: Seventeen restrooms, including four with showers.; Two floors with multiple offices, lobbies/receptions, conference rooms, and open workspace areas.; Includes a commercial kitchen/dining area, breakroom, and copy/work room.
