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 Market198
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
Investment Type
Owner/User
Building Details
Year Built
2001
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Kidder Mathews
Listed By:
Zack Harris · License #SA709469000
(602) 513-5121
Source:
Crexi
Added: Apr 2
Changed: Oct 11
Last Checked: Oct 14 at 10:54PM
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
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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 / Yr
$138,662
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,499
Businesses Nearby
Under-served
Demand for This Use
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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
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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?
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
