Midtown Phoenix Freestanding Office
For Sale
Contact for pricing
379 E Monte Vista Rd, Phoenix, AZ
Freestanding office building in Midtown Phoenix available for sale.
Property Size5,789 SF
Lot Size0.14 Acres
Price / SF$264.29
Days on Market299
Property Features for 379 E Monte Vista Rd
General Information
Standard status
Active
Size
5,789 SF
Lot size
0.14 Acres
Property subtype
OFFICE
Listing Agency:
Colliers | Phoenix
(602) 751-8455
Listed By:
John Barnes · License #SA579777000
(602) 751-8455
Source:
Moodyscre
Added: Oct 8, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:05AM
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 Colliers | Phoenix
Investment Insights
Based on property information with market context.
Located in the heart of Midtown Phoenix, 379 E Monte Vista Rd is a freestanding office building with a condominium overlay. The property is situated at the southwest corner of Monte Vista Rd and 7th Street. Several walkable amenities are nearby, including Marisco Boys, Dahlia Tapas Tequila & Wine, Green New American Vegetarian, Nami, and Sunshino Mexican Roll. The building provides an opportunity to own office space in an excellent location.
Key Highlights
- Own office space instead of renting.
- Excellent Midtown Phoenix location.
- Freestanding office building.
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 | $177.8k | $30.72 |
| − Vacancy | −$45.7k | −$7.90 |
| EGI | $132.1k | $22.82 |
| − OpEx | −$33.0k | −$5.71 |
| NOI | $99.1k | $17.12 |
5,789 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.42M
$1.24M – $1.65M
NOI $99,100 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.53M – $2.05M
NOI $122,748 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,353
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding office building in Midtown Phoenix available for sale.
Where is this office building located?
The property is located at 379 E Monte Vista Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,530,000.
What are key features of this property?
This property features: Own office space instead of renting.; Excellent Midtown Phoenix location.; Freestanding office building.
