Well-Maintained Office
398 S Arizona Ave Chandler, AZ 85225
New
For Sale
$2,689,999
Constructed in 1997, this well-maintained office building totals 6,725 SF and is zoned C-3.
Property Size6,725 SF
Price / SF$399
Days on Market3
Property Features for 398 S Arizona Ave
General Information
- Standard status
- Active
- Size
- 6,725 SF
- Property subtype
- Office
Building Details
- Year Built
- 1997
Listing Agency:
Commercial Properties Inc
(602) 561-1339
Listed By:
Matt Zaccardi · License #SA584155000
(602) 561-1339
Source:
Corfac
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 25 at 3:39AM
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
Investment Insights
Based on property information with market context.
Constructed in 1997, this well-maintained office building offers a total of 6,725 SF of space and is suited for office uses under its C-3 zoning designation. The building is presented as an office-focused investment opportunity.
The property is located at 398 S Arizona Ave in Chandler, AZ, positioned in the East Valley area.
For investors and owner-operators seeking a commercially zoned office building with a defined total size and established construction date, this asset provides a straightforward option within its C-3 district.
The property is located at 398 S Arizona Ave in Chandler, AZ, positioned in the East Valley area.
For investors and owner-operators seeking a commercially zoned office building with a defined total size and established construction date, this asset provides a straightforward option within its C-3 district.
Key Highlights
- Office building constructed in 1997
- 6,725 SF building
- Zoned C‑3
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 | $175.1k | $26.04 |
| − Vacancy | −$34.0k | −$5.05 |
| EGI | $141.1k | $20.99 |
| − OpEx | −$35.3k | −$5.25 |
| NOI | $105.9k | $15.74 |
6,725 SF · lease $26.04/SF/yr · vacancy 19.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.76M
NOI $105,859 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $134,930 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Faithlife Corporation
(Bike/Boat/Book/etc) Store
Faithlife
Corporate Office
FAQs
What type of property is this?
Office building - Constructed in 1997, this well-maintained office building totals 6,725 SF and is zoned C-3.
Where is this office building located?
The property is located at 398 S Arizona Ave Chandler, AZ.
What is the asking price?
The asking price for this property is $2,689,999.
What are key features of this property?
This property features: Office building constructed in 1997; 6,725 SF building; Zoned C‑3
