Office Units with Grandfathered Monument
For Sale
Contact for pricing
4440 E Indian School Rd, Phoenix, AZ 85018
Office units in a high-profile Arcadia redevelopment area with grandfathered monument signage and ROFR for a third lot.
Property Size2,985 SF
Price / SF$502.51
Days on Market28
Property Features for 4440 E Indian School Rd
General Information
Standard status
Active
Size
2,985 SF
Property subtype
OFFICE
Listing Agency:
LevRose Commercial Real Estate
(602) 376-9797
Listed By:
Sean Lieb · License #742FA625-6C3D-44FC-A693-98BC8ACBDB82
(602) 376-9797
Source:
Moodyscre
Added: Jul 3
Changed: Jul 29
Last Checked: Jul 29 at 1:33PM
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 LevRose Commercial Real Estate
Investment Insights
Based on property information with market context.
Office units totaling 2,985 square feet, offered for sale as part of a high-profile Arcadia redevelopment. Monument signage is noted as grandfathered. The transaction includes a right of first refusal for the third lot, which conveys with the purchase parcel north of the first two.
The property is positioned for convenient access to Biltmore Fashion Park, the Financial District, Henry, Steak 44, the Camelback Corridor, Arcadia High School, Old Town Scottsdale, and Fashion Square Mall.
For buyers looking for office use within a redevelopment context, this offering combines a defined square-footage asset with an identified signage status and a documented ROFR component related to adjacent lots.
The property is positioned for convenient access to Biltmore Fashion Park, the Financial District, Henry, Steak 44, the Camelback Corridor, Arcadia High School, Old Town Scottsdale, and Fashion Square Mall.
For buyers looking for office use within a redevelopment context, this offering combines a defined square-footage asset with an identified signage status and a documented ROFR component related to adjacent lots.
Key Highlights
- 2,985 square feet office units
- Monument signage is grandfathered
- Right of first refusal for the third lot conveys with purchase parcel north of the first two
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 | $91.7k | $30.72 |
| − Vacancy | −$23.6k | −$7.90 |
| EGI | $68.1k | $22.82 |
| − OpEx | −$17.0k | −$5.71 |
| NOI | $51.1k | $17.12 |
2,985 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$730.0K
$638.7K – $851.7K
NOI $51,099 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$904.2K
$791.2K – $1.05M
NOI $63,293 @ 7.0% cap · market cap 4.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
994
Businesses Nearby
Explore this area
Business Placement
Demographics for 85018, AZ
37,944
Population
19,487
Households
1.9
Avg Household Size
40
Median Age
57%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$87,637
Median Household Income
$58,555
Median Earnings
$1,411
Median Rent
$805,800
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 - Office units in a high-profile Arcadia redevelopment area with grandfathered monument signage and ROFR for a third lot.
Where is this office units located?
The property is located at 4440 E Indian School Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 2,985 square feet office units; Monument signage is grandfathered; Right of first refusal for the third lot conveys with purchase parcel north of the first two
