Seven-Office Professional
For Sale
Contact for pricing
3802 N 53rd Ave Unit 280, Phoenix, AZ 85031
Sublease office suite with a reception lobby, conference room, and employee break area.
Property Size1,500 SF
Price / SF$2.00
Days on Market118
Property Features for 3802 N 53rd Ave Unit 280
General Information
Standard status
Active
Size
1,500 SF
Amenities
lobby
small break room
Listing Agency:
HomeSmart Premier
Listed By:
Rolando Gonzalez
(623) 202-3669
Source:
Findyourphoenixhome
Added: Jun 28
Changed: Oct 1
Last Checked: Oct 20 at 10:08PM
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 HomeSmart Premier
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Investment Insights
Based on property information with market context.
This 1,500-square-foot office unit is configured with seven private office areas, including six standard offices and one conference room. The suite also provides a lobby and a compact break room, supporting a straightforward professional-office layout.
Available as a sublease at 3802 N 53rd Ave, Unit 280, in Phoenix, Arizona. Taxes and common-area operating expenses are included in the sublease terms.
Available as a sublease at 3802 N 53rd Ave, Unit 280, in Phoenix, Arizona. Taxes and common-area operating expenses are included in the sublease terms.
Key Highlights
- 1,500 SF office unit
- Seven‑office configuration with six standard offices and one conference room
- Lobby and small break room included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,678
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,560
$513.6K
Cap Rate 7%
$366,829
$366.8K
Cap Rate 9%
$285,311
$285.3K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$46.1K $30.72/SF
− Vacancy
−$11.8K −$7.90/SF
EGI
$34.2K $22.82/SF
− OpEx
−$8.6K −$5.71/SF
NOI
$25.7K $17.12/SF
Area
Phoenix, AZ
Vacancy
25.70%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,560
Cap Rate 7%
$366,829
Cap Rate 9%
$285,311
Alternative Uses
Best Use
Office B
$366.8K
$321.0K – $428.0K
NOI $25,678 @ 7.0% cap · market cap 856.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$454.4K
$397.6K – $530.1K
NOI $31,805 @ 7.0% cap · market cap 1,060.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
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Business Placement
Demographics for 85031, AZ
31,162
Population
8,816
Households
3.5
Avg Household Size
29
Median Age
8%
College-Educated
64%
High-School Grad
4.1 sq mi
ZIP Area
7,600
Density / Sq Mi
$59,641
Median Household Income
$36,097
Median Earnings
$1,503
Median Rent
$240,300
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 unit - Sublease office suite with a reception lobby, conference room, and employee break area.
Where is this office unit located?
The property is located at 3802 N 53rd Ave Unit 280 Phoenix, AZ.
What are key features of this property?
This property features: 1,500 SF office unit; Seven‑office configuration with six standard offices and one conference room; Lobby and small break room included
