Single-Story Medical Office
For Sale
Contact for pricing
4530 E Muirwood Dr, Phoenix, AZ 85048
Clinical condominium currently operates under a short-term NNN lease expiring November 30, 2026.
Property Size8,100 SF
Price / SF$351.85
Days on Market152
Property Features for 4530 E Muirwood Dr
General Information
Standard status
Active
Size
8,100 SF
Class
B
Property subtype
Office
Zoning
C-O/CP-GCP, City of Phoenix
Lease Type
NNN
Net Operating Income
$186,300
Building Details
Year Built
2001
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Kidder Mathews
(602) 513-5123
Listed By:
Zack Harris · License #SA709469000
Source:
Crexi
Added: Apr 2
Changed: Aug 30
Last Checked: Aug 30 at 3:00PM
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 Kidder Mathews
Investment Insights
Based on property information with market context.
Units 107–110 comprise an approximately 8,100-square-foot medical office condominium within Foothills Medical & Professional Plaza. The property was built in 2001 and features a single-story clinical configuration with recently completed refurbishments. Barrow Brain and Spine occupies the space under a 100% leased short-term NNN arrangement that expires November 30, 2026.
The property is located at 4530 E. Muirwood Drive in Phoenix’s Ahwatukee Foothills. Access to I-10 and Loop 202 supports regional connectivity, while Dignity Health Arizona General Hospital and Chandler Regional Medical Center are nearby. Zoning is C-O/CP-GCP, City of Phoenix.
The property is located at 4530 E. Muirwood Drive in Phoenix’s Ahwatukee Foothills. Access to I-10 and Loop 202 supports regional connectivity, while Dignity Health Arizona General Hospital and Chandler Regional Medical Center are nearby. Zoning is C-O/CP-GCP, City of Phoenix.
Key Highlights
- Approximately 8,100 SF medical office condominium in Units 107–110
- 100% leased to Barrow Brain and Spine on a short‑term NNN lease
- Lease expiration: November 30, 2026
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
$138,662
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
4.87%
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%
$2,773,240
$2.8M
Cap Rate 7%
$1,980,886
$2.0M
Cap Rate 9%
$1,540,689
$1.5M
Market Conditions
NOI Build-Up for 8,100 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
$248.8K $30.72/SF
− Vacancy
−$63.9K −$7.90/SF
EGI
$184.9K $22.82/SF
− OpEx
−$46.2K −$5.71/SF
NOI
$138.7K $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%
$2,773,240
Cap Rate 7%
$1,980,886
Cap Rate 9%
$1,540,689
Alternative Uses
Best Use
Office B
$1.98M
$1.73M – $2.31M
NOI $138,662 @ 7.0% cap · market cap 4.87%
Second Best
Healthcare Medical
$1.65M
$1.44M – $1.92M
NOI $115,474 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,749 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,499
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85048, AZ
34,524
Population
14,369
Households
2.4
Avg Household Size
42
Median Age
62%
College-Educated
98%
High-School Grad
10.1 sq mi
ZIP Area
3,418
Density / Sq Mi
$123,198
Median Household Income
$70,210
Median Earnings
$1,995
Median Rent
$538,500
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?
Medical Office Space - Clinical condominium currently operates under a short-term NNN lease expiring November 30, 2026.
Where is this medical office space located?
The property is located at 4530 E Muirwood Dr Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Approximately 8,100 SF medical office condominium in Units 107–110; 100% leased to Barrow Brain and Spine on a short‑term NNN lease; Lease expiration: November 30, 2026
