3636 N 3rd Ave, Phoenix, AZ
Office building in prime Midtown location near hospitals and universities.
- 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
Listing agent Michael Crystal (602) 758-1719
Listing office Cushman & Wakefield | Phoenix (602) 758-1719
Listing date Jun 17, 2025
Source Moodyscre
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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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.079
- Latitude
- 33.4902