Renovated Vacant Office
For Sale
Contact for pricing
4717 E McDowell Rd, Phoenix, AZ 85008
Renovated and delivered vacant, this office building offers strong visibility along McDowell Road near Papago Park.
Property Size3,312 SF
Price / SF$241.24
Days on Market251
Property Features for 4717 E McDowell Rd
General Information
Standard status
Active
Size
3,312 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Camelback East
Highway Access
Yes
Building Details
Buildings
1
Listing Agency:
ORION Investment Real Estate
(480) 634-6934
Listed By:
Garrett Hemeyer · License #SA684184000
(480) 848-3168
Source:
Moodyscre
Added: Feb 23
Changed: Oct 25
Last Checked: Oct 30 at 5:11PM
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 ORION Investment Real Estate
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Investment Insights
Based on property information with market context.
Renovated office building delivered vacant, offering flexibility for an owner-user needing immediate occupancy or for an investor seeking a space that can be adapted. The interior has been renovated throughout and is presented as clean and modern, suitable for a wide range of professional office users.
Located at 4717 E McDowell Rd in Phoenix, AZ 85008 near Papago Park, the building benefits from excellent visibility along McDowell Road, providing strong daily exposure. Its central location and proximity to nearby freeways support quick access to Downtown Phoenix, Sky Harbor International Airport, Biltmore, Old Town Scottsdale, and surrounding submarkets.
The property totals 3,312 SF.
Located at 4717 E McDowell Rd in Phoenix, AZ 85008 near Papago Park, the building benefits from excellent visibility along McDowell Road, providing strong daily exposure. Its central location and proximity to nearby freeways support quick access to Downtown Phoenix, Sky Harbor International Airport, Biltmore, Old Town Scottsdale, and surrounding submarkets.
The property totals 3,312 SF.
Key Highlights
- Delivered vacant for flexible owner‑user or investor occupancy
- Renovated throughout with a clean, modern interior
- Excellent visibility along McDowell Road for strong daily exposure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,697
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,133,940
$1.1M
Cap Rate 7%
$809,957
$810.0K
Cap Rate 9%
$629,967
$630.0K
Market Conditions
NOI Build-Up for 3,312 SF
Gross rent
$101.7K $30.72/SF
− Vacancy
−$26.1K −$7.90/SF
EGI
$75.6K $22.82/SF
− OpEx
−$18.9K −$5.71/SF
NOI
$56.7K $17.12/SF
Area
ZIP 85008
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%
$1,133,940
Cap Rate 7%
$809,957
Cap Rate 9%
$629,967
Alternative Uses
Best Use
Office B
$810.0K
$708.7K – $945.0K
NOI $56,697 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$895.6K – $1.19M
NOI $71,649 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
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Business Placement
Demographics for 85008, AZ
59,047
Population
24,508
Households
2.4
Avg Household Size
30
Median Age
24%
College-Educated
75%
High-School Grad
10.2 sq mi
ZIP Area
5,789
Density / Sq Mi
$61,369
Median Household Income
$36,969
Median Earnings
$1,300
Median Rent
$323,600
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
Frequently Asked Questions
What type of property is this?
Office building - Renovated and delivered vacant, this office building offers strong visibility along McDowell Road near Papago Park.
Where is this office building located?
The property is located at 4717 E McDowell Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Delivered vacant for flexible owner‑user or investor occupancy; Renovated throughout with a clean, modern interior; Excellent visibility along McDowell Road for strong daily exposure
