Freestanding Office Building with
For Sale
Contact for pricing
506 E Camelback Road, Phoenix, AZ 85012
Freestanding office building with direct Camelback Rd frontage and on-site parking.
Property Size2,057 SF
Price / SF$483.71
Days on Market258
Property Features for 506 E Camelback Road
General Information
Standard status
Active
Size
2,057 SF
Property subtype
OFFICE
Zoning
C-2
Site & Location
Neighborhood
Alhambra
Road Access
Yes
Utilities to Site
Yes
Amenities
Reception Area
Break Room
2 Restrooms
Conference Room
Building Details
Buildings
1
Construction
Mid Century
Listing Agency:
SVN | Desert Commercial Advisors
(480) 425-5500
Listed By:
Jonathan Levy · License ##SA648012000
(623) 556-6420
Source:
Moodyscre
Added: Feb 16
Changed: Oct 25
Last Checked: Oct 30 at 12:25PM
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 SVN | Desert Commercial Advisors
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Investment Insights
Based on property information with market context.
Freestanding mid-century office building offering a practical layout for day-to-day operations. The space includes five private offices, a reception area, a break room, a conference room, and two restrooms. Natural gas is available to the property, supporting a wide range of office and light operational needs.
The property has direct frontage along Camelback Rd with approximately 160,000 VPD. It is positioned on-site with ample parking and is described as highly walkable, surrounded by Uptown Plaza and other Camelback Rd amenities.
Zoned C-2, the property offers flexibility beyond traditional office use while still serving well as an office headquarters for an owner or tenant seeking dedicated on-site space and straightforward access.
The property has direct frontage along Camelback Rd with approximately 160,000 VPD. It is positioned on-site with ample parking and is described as highly walkable, surrounded by Uptown Plaza and other Camelback Rd amenities.
Zoned C-2, the property offers flexibility beyond traditional office use while still serving well as an office headquarters for an owner or tenant seeking dedicated on-site space and straightforward access.
Key Highlights
- 5 private offices, reception, break room, conference room, and 2 restrooms
- Natural gas available to the property
- Direct frontage along Camelback Rd with approx 160,000 VPD
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,213
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,260
$704.3K
Cap Rate 7%
$503,043
$503.0K
Cap Rate 9%
$391,256
$391.3K
Market Conditions
NOI Build-Up for 2,057 SF
Gross rent
$63.2K $30.72/SF
− Vacancy
−$16.2K −$7.90/SF
EGI
$47.0K $22.82/SF
− OpEx
−$11.7K −$5.71/SF
NOI
$35.2K $17.12/SF
Area
Phoenix, AZ
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 Rate 5%
$704,260
Cap Rate 7%
$503,043
Cap Rate 9%
$391,256
Alternative Uses
Best Use
Office B
$503.0K
$440.2K – $586.9K
NOI $35,213 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$623.1K
$545.2K – $726.9K
NOI $43,616 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,425
Businesses Nearby
Explore this area
Business Placement
Demographics for 85012, AZ
8,201
Population
5,269
Households
1.6
Avg Household Size
39
Median Age
60%
College-Educated
95%
High-School Grad
2.3 sq mi
ZIP Area
3,566
Density / Sq Mi
$80,242
Median Household Income
$57,228
Median Earnings
$1,693
Median Rent
$701,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Office building - Freestanding office building with direct Camelback Rd frontage and on-site parking.
Where is this office building located?
The property is located at 506 E Camelback Road Phoenix, AZ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 5 private offices, reception, break room, conference room, and 2 restrooms; Natural gas available to the property; Direct frontage along Camelback Rd with approx 160,000 VPD
