Renovated Office
For Sale
Contact for pricing
515 W Buckeye Road 405, Phoenix, AZ 85003
Suites combine immediate occupancy options with flexibility for tenant improvements.
Property Size46,088 SF
Price / SF$0.05
Days on Market53
Property Features for 515 W Buckeye Road 405
General Information
Standard status
Active
Size
46,088 SF
Property subtype
Comm/Industry Lease
Listing Agency:
RE/MAX Fine Properties
(480) 792-9500
Listed By:
Bryce Perez · License #SA536656000
(602) 703-2038
Source:
Zanebelden
Added: Aug 26
Changed: Oct 12
Last Checked: Oct 16 at 8:54AM
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 RE/MAX Fine Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Office units are offered at 515 W Buckeye Road, Suite 405, Phoenix, Arizona 85003, near Downtown Phoenix. Renovated suites are positioned for occupancy, while tenant improvement options allow for an alternative build-out approach.
The property is suited to several office and specialized professional uses identified in the offering, including behavioral health centers, government agencies, dental offices, law offices, surgical centers, and professional offices.
The property is suited to several office and specialized professional uses identified in the offering, including behavioral health centers, government agencies, dental offices, law offices, surgical centers, and professional offices.
Key Highlights
- Renovated office suites with move‑in‑ready options
- Tenant improvement potential for customized build‑outs
- Near Downtown Phoenix
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$657,031
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,140,620
$13.1M
Cap Rate 7%
$9,386,157
$9.4M
Cap Rate 9%
$7,300,344
$7.3M
Market Conditions
NOI Build-Up for 46,088 SF
Gross rent
$1.22M $26.40/SF
− Vacancy
−$121.7K −$2.64/SF
EGI
$1.10M $23.76/SF
− OpEx
−$438.0K −$9.50/SF
NOI
$657.0K $14.26/SF
Area
Phoenix, AZ
Vacancy
10.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,140,620
Cap Rate 7%
$9,386,157
Cap Rate 9%
$7,300,344
Alternative Uses
Best Use
Office B
$11.27M
$9.86M – $13.15M
NOI $788,968 @ 7.0% cap · market cap 35,221.79%
Second Best
Healthcare Medical
$9.39M
$8.21M – $10.95M
NOI $657,031 @ 7.0% cap · market cap 29,331.74%
Theoretical Best
Office A
$13.96M
$12.22M – $16.29M
NOI $977,232 @ 7.0% cap · market cap 43,626.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
Explore this area
Business Placement
Demographics for 85003, AZ
11,042
Population
6,117
Households
1.8
Avg Household Size
37
Median Age
45%
College-Educated
87%
High-School Grad
1.9 sq mi
ZIP Area
5,812
Density / Sq Mi
$56,672
Median Household Income
$55,122
Median Earnings
$1,258
Median Rent
$577,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Office units - Suites combine immediate occupancy options with flexibility for tenant improvements.
Where is this office units located?
The property is located at 515 W Buckeye Road 405 Phoenix, AZ.
What are key features of this property?
This property features: Renovated office suites with move‑in‑ready options; Tenant improvement potential for customized build‑outs; Near Downtown Phoenix
