Renovated Medical/Professional Office Condominiums

4801 E McDowell Rd Suite 255, Phoenix, AZ 85006

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For Sale

Contact for pricing

Multi-tenant office building near Phoenix Sky Harbor Airport.

Type:Office

Property size:

2,354 SF

Price / SF:

$195/SF

HighLights

±21,884 SF, two‑story, multi‑tenant medical and professional office building.
Recently completed $1.5 million renovation in 2023, including new HVAC systems and a new roof.
Full building modernization completed in 2023.
Re‑platted into 10 individual condominium units, offering flexibility to lease or purchase.
Immediate access to Phoenix Sky Harbor International Airport.
Excellent connectivity to the regional freeway network via SR‑143.

We can help!

Listing Contact

Billy Cowan

For Sale

Contact for pricing

Multi-tenant office building near Phoenix Sky Harbor Airport.

Type:Office

Property size:

2,354 SF

Price / SF:

$195/SF

Added:: Feb 26, 2026
Days on Market:: 117
Last Refresh:: Mar 17 at 1:16 pm

Property Features for 4801 E McDowell Rd Suite 255

General Information

Standard status: Active
Size: 2,354 SF
Property subtype: Office

Building Details

Year Built: 1982

We can help!

Listing Contact

Billy Cowan

Listing agent Billy Cowan License #SA708544000

Listing office LevRose Commercial Real Estate

Listing date Feb 26, 2026

Source Crexi

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 LevRose Commercial Real Estate

HighLights

±21,884 SF, two‑story, multi‑tenant medical and professional office building.
Recently completed $1.5 million renovation in 2023, including new HVAC systems and a new roof.
Full building modernization completed in 2023.
Re‑platted into 10 individual condominium units, offering flexibility to lease or purchase.
Immediate access to Phoenix Sky Harbor International Airport.
Excellent connectivity to the regional freeway network via SR‑143.

Overview

The property is a ±21,884 square foot, two-story, multi-tenant medical and professional office building. It recently underwent an extensive $1.5 million renovation in 2023, which included upgrades to the HVAC systems, a new roof, and full building modernization. The property was re-platted into 10 individual condominium units, offering businesses the option to lease or purchase their own suite. The property is strategically positioned with immediate access to Phoenix Sky Harbor International Airport and the regional freeway network via SR-143, providing convenience and connectivity.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$72.3k	$30.72
− Vacancy	−$18.6k	−$7.90
EGI	$53.7k	$22.82
− OpEx	−$13.4k	−$5.71
NOI	$40.3k	$17.12

2,354 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%

Alternative Uses

Best Use

Office B

$575.7K

$503.7K – $671.6K (±1% cap)

NOI $40,297 @ 7.0% cap · market cap 8.78%

Second Best

Healthcare Medical

$479.4K

$419.5K – $559.3K (±1% cap)

NOI $33,559 @ 7.0% cap · market cap 7.31%

Theoretical Best

Office A

$713.0K

$623.9K – $831.9K (±1% cap)

NOI $49,913 @ 7.0% cap · market cap 10.87%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Starmaker Models Talent Marketing & Advertising Phoenix Tattoo Removal ... Tattoo & Piercing Shop Omni Dermatology, Inc. Physician Phoenix Autism Center ... Medical Clinic Jeffrey Dickman, DO Physician

Suggested Use

Similar Places Nearby

Petco Vaccination Clinic — 4535 E Thomas Rd, Phoenix, AZ 85018
Animal-Assited Therapy — 2252 n 44th st, phoenix, az 85008
Vetco — 4535 E Thomas Rd, Phoenix, AZ 85018

Location Insight

Map
Local Demand

City: Phoenix
County: Maricopa
State: Arizona
Longitude: -111.9780922
Latitude: 33.4651164

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For sale
Medical Office Space
AZ
Phoenix
85006
4801 E McDowell Rd Suite 255

What type of property is this?

Medical Office Space - Multi-tenant office building near Phoenix Sky Harbor Airport.

Where is this medical office space located?

The property is located at 4801 E McDowell Rd Suite 255 Phoenix, AZ.

What is the asking price?

The asking price for this property is $459,030.

What are key features of this property?

This property features: ±21,884 SF, two‑story, multi‑tenant medical and professional office building.; Recently completed $1.5 million renovation in 2023, including new HVAC systems and a new roof.; Full building modernization completed in 2023.

4801 E McDowell Rd Suite 255, Phoenix, AZ 85006

Multi-tenant office building near Phoenix Sky Harbor Airport.

Property Features for 4801 E McDowell Rd Suite 255

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Licensed Behavioral Health Center

Assisted Living Residential Property

Phoenix Assisted Living Investment Property

Office/Flex Mixed-Use Property

Turnkey Phoenix Short-Term Rental

Side-by-Side Duplex Investment

Side-by-Side 2025 Duplexes

5-Unit Multifamily with Recent Renovations

Phoenix Duplex with Rental Potential

Fourplex Residential Income Building

Fourplex Residential Income Property

Four-Unit Residential Income Property

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