Phoenix Office Building For
For Sale
Contact for pricing
420 W Roosevelt St, Phoenix, AZ
Office building for sale near Roosevelt Row Arts District.
Property Size8,008 SF
Lot Size0.47 Acres
Price / SF$240
Days on Market496
Property Features for 420 W Roosevelt St
General Information
Standard status
Active
Size
8,008 SF
Lot size
0.47 Acres
Property subtype
OFFICE
Listing Agency:
ORION Investment Real Estate
(480) 634-6934
Listed By:
Carol Schillne · License #SA671361000
(714) 292-6171
Source:
Moodyscre
Added: May 30, 2025
Changed: Sep 10
Last Checked: Oct 5 at 7:41PM
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 ORION Investment Real Estate
Investment Insights
Based on property information with market context.
This office building, totaling 8,008 square feet, is available for sale. The property is zoned C-2, which allows for a wide variety of uses. It is located close to the heavily trafficked Roosevelt Row Arts District in Phoenix, Arizona.
Key Highlights
- Zoned C‑2 allowing for a wide variety of uses
- Located close to the heavily trafficked Roosevelt Row Arts District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,087
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,741,740
$2.7M
Cap Rate 7%
$1,958,386
$2.0M
Cap Rate 9%
$1,523,189
$1.5M
Market Conditions
NOI Build-Up for 8,008 SF
Gross rent
$246.0K $30.72/SF
− Vacancy
−$63.2K −$7.90/SF
EGI
$182.8K $22.82/SF
− OpEx
−$45.7K −$5.71/SF
NOI
$137.1K $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%
$2,741,740
Cap Rate 7%
$1,958,386
Cap Rate 9%
$1,523,189
Alternative Uses
Best Use
Office B
$1.96M
$1.71M – $2.28M
NOI $137,087 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.43M
$2.12M – $2.83M
NOI $169,798 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,676
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Phoenix, AZ
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Frequently Asked Questions
What type of property is this?
Office building - Office building for sale near Roosevelt Row Arts District.
Where is this office building located?
The property is located at 420 W Roosevelt St Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,921,920.
What are key features of this property?
This property features: Zoned C‑2 allowing for a wide variety of uses; Located close to the heavily trafficked Roosevelt Row Arts District
