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Medical Office with Exam Rooms
For Lease
$20 SF/Yr

4338 W Thomas Road, Phoenix, AZ 85031

Seven existing exam rooms and newly painted office and common areas are part of the available suite.

Space Size4,200 SF
Property Size28,567 SF
Days on Market172

Property Features for 4338 W Thomas Road

General Information

Standard status Active
Size 4,200 SF
Net Rentable 4,200 SF
Zoning C-R, PSC
Lease Type Gross

Space & Availability

Available Space 4,200 SF
Contiguous Space 4,200 SF
Space Use Medical Office
Condition Move-in Ready
Available From Immediate

Lease Terms

Lease Rate $20 /USD/SF/YR
Monthly Rent $7,000
Rent per SF/Year $20

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $19,119

Building Details

Building Size 28,567 SF
Year Built 1981
Listing Agency: Phoenix Property Group
Listed By: John Poyner · License #BR633866000
Source: Aznewhorizonrealty
Added: Mar 2 Changed: Aug 18 Last Checked: Aug 20 at 2:25PM

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 Phoenix Property Group

Investment Insights

Based on property information with market context.

The 4,200-square-foot medical office suite includes seven exam rooms and was previously occupied by an OBGYN practice. Offices and common areas have been freshly painted, while the existing clinical layout provides a substantial built-out foundation for a medical user.

Located at 4338 W Thomas Road in Phoenix, the property carries C-R and PSC zoning. The lease is structured on a gross basis with CAM included; the tenant is responsible for electrical, sewer, and water expenses. The building was constructed in 1981.

Key Highlights

  • 4,200‑square‑foot medical office suite
  • Seven fully built‑out exam rooms
  • Former OBGYN office layout

Property Analytics

Current Use

West Valley Research ... Physician Jonathan Chorney Pediatrician Nicholas Karol Bujak Physician Bristol Pharmacy Pharmacy

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Gym & Fitness Center Parking Lot & Garage Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

389
Businesses Nearby
Under-served
Demand for This Use

Demographics for 85031, AZ

31,162
Population
8,816
Households
3.5
Avg Household Size
29
Median Age
8%
College-Educated
64%
High-School Grad
4.1 sq mi
ZIP Area
7,600
Density / Sq Mi
$59,641
Median Household Income
$36,097
Median Earnings
$1,503
Median Rent
$240,300
Median Home Value

Market

Lease Benchmarks for Phoenix, AZ

$18.12 /SF/Yr
Avg Asking Price
$2.72–$32 /SF/Yr
Price Range
11,819 SF
Avg Space Size

This space is priced 10% above the average of $18.12 /SF/Yr.

Vacancy Rate% for Office in Phoenix, AZ

14.4% 2019
19.3% 2020
21.7% 2021
24.3% 2022
27.4% 2023
28.5% 2024
26.5% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Seven existing exam rooms and newly painted office and common areas are part of the available suite.
Where is this medical office space located?
The property is located at 4338 W Thomas Road Phoenix, AZ.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: 4,200‑square‑foot medical office suite; Seven fully built‑out exam rooms; Former OBGYN office layout
More about this property
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