Commercial Office Building with
5060 North 19th Avenue Phoenix, AZ 85015
New
5060 North 19th Avenue, Phoenix, AZ, 85015
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For Sale
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Fully climate-controlled office building with a paved parking lot and 100 dedicated spaces for tenants and visitors.
Property Size54,777 SF
Price / SF$429.01
Days on Market7
Property Features for 5060 North 19th Avenue
General Information
- Standard status
- Active
- Size
- 54,777 SF
- Property subtype
- Office
Listing agency
Bellagio Real Estate
Listed by
Shannon Hall · License #BR117465000
Source
Crexi
Added: Jul 17 Updated: Jul 22 at 9:16AM Checked: Jul 21 at 2:56AM
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
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.68M | $30.72 |
| − Vacancy | −$432.5k | −$7.90 |
| EGI | $1.25M | $22.82 |
| − OpEx | −$312.6k | −$5.71 |
| NOI | $937.7k | $17.12 |
54,777 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$13.40M
$11.72M – $15.63M
NOI $937,712 @ 7.0% cap · market cap 3.99%
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 4.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Elite Family Medicine
Medical Clinic
Busted! Traffic Survival ...
Training Center
Fields Legal Services- ...
Law Firm
Accelerated Pathways Career ...
College
Solution Cash Offer
Real Estate Agency
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FAQs
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 $23,500,000.
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
