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    Midtown Phoenix Office Building Title is generated by Realmo AI

    3636 N 3rd Ave, Phoenix, AZ

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    Office building in prime Midtown location near hospitals and universities.

    Type:OFFICE
    Property size:
    8,433 SF
    Lot size:
    0.54 Acres
    Price / SF:
    $200/SF
    Added:
    Jun 17, 2025
    Days on Market:
    367
    Last Refresh:
    May 20 at 8:47 pm

    Property Features for 3636 N 3rd Ave

    General Information

    Standard status
    Active
    Size
    8,433 SF
    Lot size
    0.54 Acres
    Property subtype
    OFFICE

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    Listing Contact
    Michael Crystal
    Michael Crystal

    Listing agent Michael Crystal

    Listing office Cushman & Wakefield | Phoenix

    Listing date Jun 17, 2025

    Source Moodyscre

    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 Cushman & Wakefield | Phoenix

    HighLights

    • Prime Midtown Phoenix location.
    • Walking distance to Park Central Mall, St. Joseph’s Hospital & Barrow Neurosurgical Institute.
    • Walking distance to Creighton University Medical School & Health Sciences Campus.
    • Close proximity to Valley Metro light rail (1/3mi to stop).
    • Easy access to I‑10, I‑17, & SR‑51 freeways.
    • Minutes from Downtown Phoenix, ASU Downtown Campus, U of A Biomedical Campus.

    Overview

    Located in Midtown Phoenix, this office building is within walking distance of Park Central Mall, St. Joseph’s Hospital, and Barrow Neurosurgical Institute. It is also near Creighton University Medical School & Health Sciences Campus. The property is located close to Valley Metro light rail (approximately 1/3 mile to the stop) and offers convenient access to I-10, I-17, and SR-51 freeways. Downtown Phoenix, ASU Downtown Campus, and the U of A Biomedical Campus are located within minutes of the property. The property contains 8,433 square feet.

    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 $259.1k $30.72
    − Vacancy −$66.6k −$7.90
    EGI $192.5k $22.82
    − OpEx −$48.1k −$5.71
    NOI $144.4k $17.12
    8,433 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.06M
    $1.80M – $2.41M (±1% cap)
    NOI $144,362 @ 7.0% cap · market cap 8.56%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.55M
    $2.24M – $2.98M (±1% cap)
    NOI $178,810 @ 7.0% cap · market cap 10.60%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Next Level Vitality, ... Social Service Agency Pongratz Physician

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Law Firm Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.079
    Latitude
    33.4902

    FAQs

    What type of property is this?
    Office building - Office building in prime Midtown location near hospitals and universities.
    Where is this office building located?
    The property is located at 3636 N 3rd Ave Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $1,686,600.
    What are key features of this property?
    This property features: Prime Midtown Phoenix location.; Walking distance to Park Central Mall, St. Joseph’s Hospital & Barrow Neurosurgical Institute.; Walking distance to Creighton University Medical School & Health Sciences Campus.
    (602) 758-1719 Call to check price and availability
    More about this property
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