Second-Generation Office
For Sale
Contact for pricing
4110 N 108th Ave, Phoenix, AZ 85037
Second-generation office space with pull-up parking and available open and covered parking, with building signage.
Property Size2,536 SF
Price / SF$394.32
Days on Market424
Property Features for 4110 N 108th Ave
General Information
Standard status
Active
Size
2,536 SF
Property subtype
OFFICE
Amenities
Building signage
Listing Agency:
The Plaza Companies
(602) 616-8177
Listed By:
Bill Cook · License #SA642879000
(602) 616-8177
Source:
Moodyscre
Added: Jun 2, 2025
Changed: Jul 26
Last Checked: Jul 29 at 2:48PM
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 The Plaza Companies
Investment Insights
Based on property information with market context.
This second-generation office space offers a practical layout for office use, with the option to convert to medical office. Parking is designed for ease of access, including pull-up parking to the suite plus both open and covered parking availability. Building signage is in place.
The property is located at 4110 N 108th Ave in Phoenix, AZ 85037, supporting convenient on-site customer or client access through the suite-level pull-up parking arrangement.
Overall, the asset is positioned as an adaptable office offering, with parking and signage that support day-to-day professional use.
The property is located at 4110 N 108th Ave in Phoenix, AZ 85037, supporting convenient on-site customer or client access through the suite-level pull-up parking arrangement.
Overall, the asset is positioned as an adaptable office offering, with parking and signage that support day-to-day professional use.
Key Highlights
- Second‑generation office space
- Possible conversion to medical office
- Pull‑up parking to the suite
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 | $77.9k | $30.72 |
| − Vacancy | −$20.0k | −$7.90 |
| EGI | $57.9k | $22.82 |
| − OpEx | −$14.5k | −$5.71 |
| NOI | $43.4k | $17.12 |
2,536 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$620.2K
$542.7K – $723.6K
NOI $43,413 @ 7.0% cap · market cap 4.34%
Second Best
Healthcare Medical
$505.0K
$441.9K – $589.2K
NOI $35,350 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$768.2K
$672.2K – $896.2K
NOI $53,772 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Explore this area
Business Placement
Demographics for 85037, AZ
50,929
Population
16,020
Households
3.2
Avg Household Size
29
Median Age
14%
College-Educated
79%
High-School Grad
8.2 sq mi
ZIP Area
6,211
Density / Sq Mi
$81,919
Median Household Income
$40,866
Median Earnings
$1,649
Median Rent
$290,600
Median Home Value
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 units - Second-generation office space with pull-up parking and available open and covered parking, with building signage.
Where is this office units located?
The property is located at 4110 N 108th Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Second‑generation office space; Possible conversion to medical office; Pull‑up parking to the suite
