4616 N 51st Ave, Phoenix, AZ 85031
Renovated in 2005 and positioned for flexible commercial use with strong visibility and convenient access to a major business area.
- Added:
- Jun 29, 2026
- Days on Market:
- 8
- Last Refresh:
- Jul 1 at 3:08 am
Property Features for 4616 N 51st Ave
General Information
- Standard status
- Active
- Size
- 41,100 SF
- Property subtype
- Office
Building Details
- Year Built
- 1980
Listing office (480) 273-1590
Listing date Jun 29, 2026
Source Naiglobal
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 Tom Bean, CCIM
HighLights
- 41,100 SF commercial property built in 1980
- Renovated in 2005
- About 8 miles from downtown Phoenix for convenient access to the business district
- Near Desert Sky Mall and Westgate Entertainment District, with nearby shops, restaurants, and entertainment
Overview
The property is located about 8 miles from downtown Phoenix, providing straightforward access to the business district, along with nearby entertainment venues and dining options in the city center. It also sits near shopping destinations such as Desert Sky Mall and the Westgate Entertainment District, where retail, restaurants, and entertainment are available.
With its renovated condition and high-visibility positioning, the building may fit buyers or operators seeking an office-focused asset in the Phoenix area that is well connected to major commercial destinations. The overall configuration and location support practical consideration for a variety of commercial uses within a short drive of key employment and retail activity.
Local 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 | $1.26M | $30.72 |
| − Vacancy | −$324.5k | −$7.90 |
| EGI | $938.1k | $22.82 |
| − OpEx | −$234.5k | −$5.71 |
| NOI | $703.6k | $17.12 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.1696458
- Latitude
- 33.5048461
