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 Market159
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) 848-3168
Listed By:
Garrett Hemeyer · License #SA691810000
(480) 848-3168
Source:
Moodyscre
Added: Feb 23
Changed: Jul 31
Last Checked: Aug 1 at 6:43AM
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 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 | $101.7k | $30.72 |
| − Vacancy | −$26.1k | −$7.90 |
| EGI | $75.6k | $22.82 |
| − OpEx | −$18.9k | −$5.71 |
| NOI | $56.7k | $17.12 |
3,312 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
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
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
Market
Vacancy Rate% for Office in Phoenix, AZ
Questions? Ask Rey
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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
