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Renovated Medical Office Space
For Lease
$25.50 SF/Yr

5040 North 15th Avenue, Phoenix, AZ 85015

Recently renovated medical office space in the Camelback corridor.

Space SizeContact for details
Days on Market272

Property Features for 5040 North 15th Avenue

General Information

Standard status Active
Property subtype Healthcare
Listing Agency: CBRE - Phoenix
Listed By: Jamie Swirtz
Source: Cbre
Added: Nov 22, 2025 Changed: Aug 13 Last Checked: Aug 20 at 7:11AM

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 CBRE - Phoenix

Investment Insights

Based on property information with market context.

This is a recently renovated building featuring an excellent tenant mix. The property is located in a convenient location within the Camelback corridor, with several hospitals in close proximity. The property offers space suitable for medical offices, general office use, medical space, and healthcare properties. The property size is 5918 square feet.

Key Highlights

  • Recently renovated building
  • Excellent tenant mix
  • Convenient location in the Camelback corridor

Property Analytics

Current Use

Sun Valley Family ... Medical Clinic Phoenix Midtown VA ... Medical Clinic Brent Nelson Pediatrician Charu Chopra Physician Paul Gagliano Physician

Suggested Use

Top Pick HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Daycare Center Carpet & Flooring Store Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.82 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,511
Businesses Nearby
Under-served
Demand for This Use

Demographics for 85015, AZ

41,436
Population
17,889
Households
2.3
Avg Household Size
33
Median Age
25%
College-Educated
78%
High-School Grad
4.9 sq mi
ZIP Area
8,456
Density / Sq Mi
$52,585
Median Household Income
$36,456
Median Earnings
$1,227
Median Rent
$312,600
Median Home Value

Market

Lease Benchmarks for Phoenix, AZ

$18.12 /SF/Yr
Avg Asking Price
$2.72–$32 /SF/Yr
Price Range
11,819 SF
Avg Space Size

This space is priced 41% above the average of $18.12 /SF/Yr.

Vacancy Rate% for Office in Phoenix, AZ

14.4% 2019
19.3% 2020
21.7% 2021
24.3% 2022
27.4% 2023
28.5% 2024
26.5% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Recently renovated medical office space in the Camelback corridor.
Where is this medical office space located?
The property is located at 5040 North 15th Avenue Phoenix, AZ.
What is the lease rate?
The lease rate is $25.50 SF/Yr.
What are key features of this property?
This property features: Recently renovated building; Excellent tenant mix; Convenient location in the Camelback corridor
More about this property
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