Renovated Office
For Sale
Contact for pricing
515 W Buckeye Rd Unit 405, Phoenix, AZ 85003
Office suites offer renovated move-in-ready space or the option to pursue tenant improvements.
Property Size46,088 SF
Price / SF$0.05
Days on Market397
Property Features for 515 W Buckeye Rd Unit 405
General Information
Standard status
Active
Size
46,088 SF
Building Details
Year Built
1977
Listing Agency:
RE/MAX Fine Properties
Listed By:
Bryce Perez · License #SA536656000
(480) 792-9500
Source:
Findallphoenixhomelistings
Added: Sep 16, 2025
Changed: Oct 16
Last Checked: Oct 16 at 2:20PM
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 at 515 W Buckeye Rd include renovated suites available for immediate occupancy, along with options for tenant improvements. The 1977-built property contains 46,088 square feet.
The property is in Phoenix near Downtown. Potential uses identified for the suites include behavioral health, government, dental, legal, surgical, and other professional offices.
The property is in Phoenix near Downtown. Potential uses identified for the suites include behavioral health, government, dental, legal, surgical, and other professional offices.
Key Highlights
- 46,088‑square‑foot office property
- Renovated suites available for move‑in
- Tenant improvement options
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 - Office suites offer renovated move-in-ready space or the option to pursue tenant improvements.
Where is this office units located?
The property is located at 515 W Buckeye Rd Unit 405 Phoenix, AZ.
What are key features of this property?
This property features: 46,088‑square‑foot office property; Renovated suites available for move‑in; Tenant improvement options
