Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    503 E Plaza Cir Litchfield Park, AZ 85340

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $500 /Mo

    Individual executive offices available for sublease in Litchfield Park.

    Type:Office
    Property size:
    1,230 SF
    Added:
    Nov 25, 2025
    Days on Market:
    128
    Last Refresh:
    Mar 29 at 8:26 pm

    Property Features for 503 E Plaza Cir

    General Information

    Standard status
    Active
    Size
    1,230 SF
    Property subtype
    Office

    Building Details

    Year Built
    1983

    Spaces For Lease

    at 503 E Plaza Cir Contact us

    We can help!

    Listing Contact
    Joe Binder
    Joe Binder

    Listing agent Joe Binder License #BR653511000

    Listing office Binder CRE

    Listing date Nov 25, 2025

    Source Bindercre

    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 Binder CRE

    Overview

    Executive Office Sublease in Litchfield

    Sublease opportunities are available for individual 120 square foot executive offices within a professionally managed office condo development. The location offers a convenient working environment with 24-hour security. The property includes access to lavatory and kitchenette facilities. Situated in Litchfield Park, Arizona, the area provides a blend of historical charm and modern amenities. Tenants can enjoy unique dining and boutique shopping experiences, as well as recreational opportunities such as the Wigwam Resort and its golf courses. The property is located approximately 2.5 miles from I-10 and 22 miles from Phoenix Skyharbor International Airport, providing access to the broader Phoenix business hub and its diverse industry landscape. The area offers a balance of work and lifestyle, with cultural festivals and sporting events.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Neil S. Stafford, ... Physician Desert Sky Counseling Family Counselor DHI Title Agency Title Company Roxanne Lopez Physician Family First Life ... Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Litchfield Park
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.35
    Latitude
    33.4875

    Nearby Similar for Lease

    • Contact for pricing

      Turnkey Office Space Available

      Professionally built-out office in a modern retail condo development.
      13331 W Indian School Rd, Litchfield Park, AZ 85340
      View Details
    • Contact for pricing

      Litchfield Park Industrial Space Available

      Industrial spaces for lease, divisible, with AC and ESFR.
      16840 & 16830 W Bethany Home Rd, Litchfield Park, AZ 85307
      View Details
    • Contact for pricing

      Retail PAD Buildings with Drive-Thru

      Retail PAD buildings with drive-thru available for lease.
      5115 N Dysart Rd, Litchfield Park, AZ 85340
      View Details
    • Contact for pricing

      Litchfield Park Flex Space

      Flex space available for lease in Litchfield Park, Arizona.
      16840 Bethany Home Rd, Litchfield Park, AZ 85340
      View Details
    • Contact for pricing

      Automotive/Retail Pad Site Available

      Pad site suitable for automotive or retail use for rent.
      4169 N 187th Ln, Litchfield Park, AZ
      View Details
    • Contact for pricing

      Litchfield Road Warehouse Space

      153,337 SF warehouse with 32' clear height.
      6332 N Litchfield Rd, Litchfield Park, AZ
      View Details
    • Contact for pricing

      Retail Space Near Litchfield Park

      Retail space in a lively area near Litchfield Park.
      4860 N Litchfield Rd, Litchfield Park, AZ
      View Details
    • Contact for pricing

      Mixed-Use Plaza with Retail, Office

      Mixed-use plaza with retail and office tenants, easy access.
      12725 W Indian School Rd, Litchfield Park, AZ 85340
      View Details
    • Contact for pricing

      Litchfield Park Warehouse Space

      Large industrial property with customizable floor plans and ample parking.
      16500 W Glendale Ave, Litchfield Park, AZ
      View Details
    • Contact for pricing

      Industrial Space Available For Lease

      Divisible industrial space with spec office and ample parking.
      6302 N Litchfield Rd, Litchfield Park, AZ
      View Details
    • Contact for pricing

      Litchfield Park Warehouse Space

      Divisible warehouse space with high ceilings and ample parking.
      6256 N Litchfield Rd, Litchfield Park, AZ
      View Details
    • Contact for pricing

      Litchfield Park Office Space Available

      Office suites available in Litchfield Park, Arizona.
      4840 N Litchfield Rd, Litchfield Park, AZ
      View Details

    FAQs

    What type of property is this?
    Office units - Individual executive offices available for sublease in Litchfield Park.
    Where is this office units located?
    The property is located at 503 E Plaza Cir Litchfield Park, AZ.
    What is the lease rate?
    The lease rate is $500 /Mo.
    What are key features of this property?
    This property features: Individual 120 sf executive offices available for sublease.; Convenient location in Litchfield Park, AZ, near dining, shopping, and recreation.; Proximity to Phoenix and its business hub.
    (480) 867-6154
    We can help!
    Listing Contact
    Joe Binder
    Joe Binder
    Real Estate License ID: BR653511000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!