Second-Generation Medical Office End
4110 N 108th Ave Suite 105, Phoenix, AZ 85037
For Sale
$1,000,000
Second-generation medical office suite with up to eight exam rooms and potential wet exam space, plus end-cap parking.
Property Size2,536 SF
Days on Market139
Property Features for 4110 N 108th Ave Suite 105
General Information
Standard status
Size
Class
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Listing Agency:
The Plaza Companies
Listed By:
Bill Cook · License AZ SA642879000
(602) 616-8177
Source:
Theplazaco
Added: Jun 25
Changed: Nov 4
Last Checked: Nov 10 at 7:41AM
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
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Investment Insights
Based on property information with market context.
This second-generation medical office end cap is set up for exam-based care, offering up to 8 exam rooms and 5 possible wet exam rooms. The space includes building signage opportunities on both the street and parking lot sides, helping visibility for patients and referrals. The property is described as well maintained, and the HOA covers common areas and the roof.
The building has frontage on Indian School Road with convenient pull-up parking associated with the end-cap configuration. It is positioned near the Litchfield Park and Goodyear submarkets, with access to the 101 mentioned in the remarks.
For an owner-user, this layout supports a practical range of healthcare uses that rely on multiple exam rooms and potential wet exam capacity. The presence of signage on both sides and dedicated pull-up parking can simplify wayfinding and patient access. As a for-sale opportunity, it may also appeal to buyers seeking a managed HOA structure where common areas and roofing are included.
The building has frontage on Indian School Road with convenient pull-up parking associated with the end-cap configuration. It is positioned near the Litchfield Park and Goodyear submarkets, with access to the 101 mentioned in the remarks.
For an owner-user, this layout supports a practical range of healthcare uses that rely on multiple exam rooms and potential wet exam capacity. The presence of signage on both sides and dedicated pull-up parking can simplify wayfinding and patient access. As a for-sale opportunity, it may also appeal to buyers seeking a managed HOA structure where common areas and roofing are included.
Key Highlights
- Second‑generation medical office suite on Indian School Road near the Litchfield Park and Goodyear submarkets
- Up to 8 exam rooms with 5 possible wet exams
- End‑cap space with pull‑up parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,413
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,260
$868.3K
Cap Rate 7%
$620,186
$620.2K
Cap Rate 9%
$482,367
$482.4K
Market Conditions
NOI Build-Up for 2,536 SF
Gross rent
$77.9K $30.72/SF
− Vacancy
−$20.0K −$7.90/SF
EGI
$57.9K $22.82/SF
− OpEx
−$14.5K −$5.71/SF
NOI
$43.4K $17.12/SF
Area
ZIP 85037
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%
$868,260
Cap Rate 7%
$620,186
Cap Rate 9%
$482,367
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Under-served
Demand for This Use
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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
$290,600
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Phoenix, AZ
Properties on Market for Medical Office Space in Phoenix
Vacancy Rate% for Office in Phoenix, AZ
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Second-generation medical office suite with up to eight exam rooms and potential wet exam space, plus end-cap parking.
Where is this medical office space located?
The property is located at 4110 N 108th Ave Suite 105 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 medical office suite on Indian School Road near the Litchfield Park and Goodyear submarkets; Up to 8 exam rooms with 5 possible wet exams; End‑cap space with pull‑up parking
