3806 N 3rd St, Phoenix, AZ
Office and warehouse buildings in Midtown Phoenix, fully leased.
- Added:
- Apr 10, 2025
- Days on Market:
- 435
- Last Refresh:
- May 20 at 8:21 pm
Property Features for 3806 N 3rd St
General Information
- Standard status
- Active
- Size
- 12,396 SF
- Lot size
- 0.65 Acres
- Property subtype
- OFFICE
Listing agent John Barnes (602) 751-8455
Listing office Colliers | Phoenix (602) 751-8455
Listing date Apr 10, 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 Colliers | Phoenix
HighLights
- Rare office/warehouse property in Midtown Phoenix
- 100% leased to four tenants, providing immediate income
- Features a medical/office building (approx. 7,068 sq ft) and a warehouse building (approx. 5,328 sq ft)
- Two parcels of land totaling approximately 28,524 sq ft
- Includes a billboard
- Well‑located in the heart of Midtown Phoenix
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 | $380.8k | $30.72 |
| − Vacancy | −$97.9k | −$7.90 |
| EGI | $282.9k | $22.82 |
| − OpEx | −$70.7k | −$5.71 |
| NOI | $212.2k | $17.12 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.07
- Latitude
- 33.4914
