Freestanding Building Ideal for
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4250 N 19th Ave, Phoenix, AZ
Freestanding 1,822 SF building suitable for medical or office use.
Property Size1,822 SF
Lot Size0.42 Acres
Price / SF$274.42
Days on Market397
Property Features for 4250 N 19th Ave
General Information
Standard status
Active
Size
1,822 SF
Lot size
0.42 Acres
Property subtype
OFFICE
Listing Agency:
Menlo Group Commercial Real Estate
(480) 228-6137
Listed By:
Jason Triano · License #SA672216000
(480) 228-6137
Source:
Moodyscre
Added: Jul 15, 2025
Changed: Aug 9
Last Checked: Aug 15 at 9:58AM
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 Menlo Group Commercial Real Estate
Investment Insights
Based on property information with market context.
This is a freestanding building with approximately 1,822 square feet of space. It is zoned R-5 and is suitable for medical or office use. The property has ample parking.
Key Highlights
- Freestanding Building offering great visibility.
- +/- 1,822 SF of versatile space.
- Perfect for Medical or Office User seeking a well‑located property.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,190
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$623,800
$623.8K
Cap Rate 7%
$445,571
$445.6K
Cap Rate 9%
$346,556
$346.6K
Market Conditions
NOI Build-Up for 1,822 SF
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.
Gross rent
$56.0K $30.72/SF
− Vacancy
−$14.4K −$7.90/SF
EGI
$41.6K $22.82/SF
− OpEx
−$10.4K −$5.71/SF
NOI
$31.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$623,800
Cap Rate 7%
$445,571
Cap Rate 9%
$346,556
Alternative Uses
Best Use
Office B
$445.6K
$389.9K – $519.8K
NOI $31,190 @ 7.0% cap · market cap 6.24%
Second Best
Healthcare Medical
$371.1K
$324.7K – $432.9K
NOI $25,974 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$551.9K
$482.9K – $643.9K
NOI $38,633 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Phoenix, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Vets On Move — 3621 N Black Cyn Hwy STE 116, Phoenix, AZ 85015
- Arizona Skies Animal Hospital — Phoenix, AZ 85015
- Townsley Gregg DVM — phoenix, az 85013
Frequently Asked Questions
What type of property is this?
Medical Office Space - Freestanding 1,822 SF building suitable for medical or office use.
Where is this medical office space located?
The property is located at 4250 N 19th Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Freestanding Building offering great visibility.; +/- 1,822 SF of versatile space.; Perfect for Medical or Office User seeking a well‑located property.
