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 Market205
Property Features for 4717 E McDowell Rd
General Information
Standard status
Active
Size
3,312 SF
Property subtype
OFFICE
Additional Details
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: Aug 16
Last Checked: Sep 15 at 11:28AM
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
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 = 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
$56,697
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
7.10%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
Explore this area
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
Check the figures for this property
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?
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
