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North Bank Office Park Space
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5110 N 40th St. Phoenix, Phoenix, AZ 85018

Office space in Phoenix with ample parking and convenient location.

Space Size1,381 SF - 2,048 SF
Property Size31,286 SF
Days on Market336

Property Features for 5110 N 40th St. Phoenix

General Information

Standard status Active
Size 1,381 SF - 2,048 SF
Class B
Property subtype Office

Building Details

Building Size 31,286 SF
Year Built 1983

Spaces For Lease

at 5110 N 40th St. Phoenix Contact us

Suite 109

Size
2,048 SF
Type
Office Building
Term
Negotiable
Rate
Contact for pricing
Contact us

Suite 114

Size
1,381 SF
Type
Office Building
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: Lee & Associates | Phoenix
Listed By: John Cerchiai, SIOR
Source: Lee-associates
Added: Sep 25, 2025 Changed: Aug 21 Last Checked: Aug 25 at 6:41AM

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 Lee & Associates | Phoenix

Investment Insights

Based on property information with market context.

North Bank Office Park offers office space featuring a 2-story atrium lobby. The building provides 31,231 rentable square feet and a parking ratio of 4 spaces per 1,000 square feet. The property is located adjacent to the Biltmore, Arcadia, and Paradise Valley residential areas. It is within walking distance of various restaurants at 40th Street and Camelback Road, and is located minutes from SR 51 and Loop 202.

Key Highlights

  • Excellent Location: Adjacent to Biltmore, Arcadia, and Paradise Valley residential areas.
  • Convenient Access: Minutes to SR 51 & Loop 202.
  • Ample Parking: 4:1000 Parking ratio.

Property Analytics

Current Use

Collaborative Professionals of Phoenix Law Firm Pinnacle Capital Mortgage Loan Service Verus Holdings LLC Construction Company Martin B Reiss ... Physician Matsock & Associates Inc Insurance Agency

Suggested Use

Top Pick HVAC Service Building Supply Daycare Center Big Box & Wholesale Store Parking Lot & Garage (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

1,047
Businesses Nearby

Demographics for 85018, AZ

37,944
Population
19,487
Households
1.9
Avg Household Size
40
Median Age
57%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$87,637
Median Household Income
$58,555
Median Earnings
$1,411
Median Rent
$805,800
Median Home Value

Market

Lease Benchmarks for Phoenix, AZ

$25.6 /SF/Yr
Avg Asking Price
$2–$47 /SF/Yr
Price Range
28,862 SF
Avg Space Size

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?
Office building - Office space in Phoenix with ample parking and convenient location.
Where is this office building located?
The property is located at 5110 N 40th St. Phoenix Phoenix, AZ.
What are key features of this property?
This property features: Excellent Location: Adjacent to Biltmore, Arcadia, and Paradise Valley residential areas.; Convenient Access: Minutes to SR 51 & Loop 202.; Ample Parking: 4:1000 Parking ratio.
More about this property
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