Medical Office
For Sale
$245,000
36800 N Sidewinder Rd, Carefree, AZ 85377
Two private offices, a bullpen, restroom, central A/C, and covered parking support professional office use.
Property Size723 SF
Price / SF$338.87
Days on Market48
Property Features for 36800 N Sidewinder Rd
General Information
Standard status
Active
Size
723 SF
Class
B
Total Parking Spaces
1
Property subtype
Office
Building Details
Building Size
723 SF
Year Built
1999
Listing Agency:
Commercial Properties Inc.
Listed By:
Eric Butler · License #AZ #BR515583000
(602) 809-6570
Source:
Cpiaz
Added: Sep 4
Changed: Oct 12
Last Checked: Oct 20 at 5:54PM
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 Commercial Properties Inc.
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Investment Insights
Based on property information with market context.
This 723-square-foot medical office condo includes two private offices, a bullpen, one restroom, central A/C, and one covered parking space. The configuration is suited to a compact medical or professional office operation.
The property is located at 36800 N Sidewinder Rd in Carefree, near Tom Darlington and Sidewinder Road.
The property is located at 36800 N Sidewinder Rd in Carefree, near Tom Darlington and Sidewinder Road.
Key Highlights
- 723 SF medical office condo
- Two private offices and a bullpen
- One restroom with central A/C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,544
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,880
$250.9K
Cap Rate 7%
$179,200
$179.2K
Cap Rate 9%
$139,378
$139.4K
Market Conditions
NOI Build-Up for 723 SF
Gross rent
$22.1K $30.60/SF
− Vacancy
−$5.4K −$7.47/SF
EGI
$16.7K $23.13/SF
− OpEx
−$4.2K −$5.78/SF
NOI
$12.5K $17.35/SF
Area
Maricopa County, AZ
Vacancy
24.40%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,880
Cap Rate 7%
$179,200
Cap Rate 9%
$139,378
Alternative Uses
Best Use
Office B
$179.2K
$156.8K – $209.1K
NOI $12,544 @ 7.0% cap · market cap 5.12%
Second Best
Healthcare Medical
$146.0K
$127.8K – $170.4K
NOI $10,221 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$223.6K
$195.7K – $260.9K
NOI $15,655 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85377, AZ
3,515
Population
2,258
Households
1.6
Avg Household Size
65
Median Age
64%
College-Educated
99%
High-School Grad
8.6 sq mi
ZIP Area
409
Density / Sq Mi
$143,315
Median Household Income
$58,147
Median Earnings
$1,685
Median Rent
$1,058,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two private offices, a bullpen, restroom, central A/C, and covered parking support professional office use.
Where is this medical office space located?
The property is located at 36800 N Sidewinder Rd Carefree, AZ.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 723 SF medical office condo; Two private offices and a bullpen; One restroom with central A/C
