Commercial Office Building with
5060 North 19th Avenue, Phoenix, AZ 85015
For Sale
Contact for pricing
Fully climate-controlled office building with a paved parking lot and 100 dedicated spaces for tenants and visitors.
Property Size54,777 SF
Price / SF$200
Days on Market116
Property Features for 5060 North 19th Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Utilities to Site
Additional Details
Cap Rate
Amenities
central air conditioning
security features
building signage opportunities
Listing Agency:
Bellagio Real Estate
Listed By:
Shannon Hall · License #BR117465000
Source:
Crexi
Added: Jul 17
Changed: Nov 3
Last Checked: Nov 8 at 7:21AM
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 Bellagio Real Estate
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Investment Insights
Based on property information with market context.
This commercial office building totals approximately 54,777 square feet and is fully climate-controlled with central air conditioning. The roof is described as a durable foam rolled/hot mop system, and the property has direct connections to public water and sewer utilities. It is also presented with dedicated security features.
The property is located at 5060 North 19th Avenue in Phoenix and is described as being situated on a prominent, high-traffic commercial corridor with access to major Phoenix highways and thoroughfares. The offering notes premium building signage opportunities and provides a paved, private parking lot.
The parking lot includes 100 dedicated spaces. The property is described as fully designated for commercial use, supporting a range of business and office layouts within that zoning framework.
The property is located at 5060 North 19th Avenue in Phoenix and is described as being situated on a prominent, high-traffic commercial corridor with access to major Phoenix highways and thoroughfares. The offering notes premium building signage opportunities and provides a paved, private parking lot.
The parking lot includes 100 dedicated spaces. The property is described as fully designated for commercial use, supporting a range of business and office layouts within that zoning framework.
Key Highlights
- Offered at $23,500,000
- Approximately 54,777 sq. ft. commercial building
- Fully climate‑controlled with central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$937,712
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,754,240
$18.8M
Cap Rate 7%
$13,395,886
$13.4M
Cap Rate 9%
$10,419,022
$10.4M
Market Conditions
NOI Build-Up for 54,777 SF
Gross rent
$1.68M $30.72/SF
− Vacancy
−$432.5K −$7.90/SF
EGI
$1.25M $22.82/SF
− OpEx
−$312.6K −$5.71/SF
NOI
$937.7K $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%
$18,754,240
Cap Rate 7%
$13,395,886
Cap Rate 9%
$10,419,022
Alternative Uses
Best Use
Office B
$13.40M
$11.72M – $15.63M
NOI $937,712 @ 7.0% cap · market cap 8.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.59M
$14.52M – $19.36M
NOI $1,161,470 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,179
Businesses Nearby
Explore this area
Business Placement
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
$312,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Phoenix, AZ
Properties on Market for Office buildings in Phoenix
Vacancy Rate% for Office in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Office building - Fully climate-controlled office building with a paved parking lot and 100 dedicated spaces for tenants and visitors.
Where is this office building located?
The property is located at 5060 North 19th Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $10,955,400.
What are key features of this property?
This property features: Offered at $23,500,000; Approximately 54,777 sq. ft. commercial building; Fully climate‑controlled with central air conditioning
