Multi-Building Office
5201 N 19th Ave, Phoenix, AZ 85015
For Sale
$2,600,000
Three separate buildings include gated, covered parking and sit near light rail service.
Property Size10,033 SF
Price / SF$259.14
Days on Market359
Property Features for 5201 N 19th Ave
General Information
Standard status
Size
Net Rentable
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Road Access
Public Transit
Additional Details
Tenant in Place
Property Use
Building Details
Year Built
Buildings
Stories
Listing Agency:
eXp Realty
Listed By:
Ramon Casaus · License #SA703844000
(505) 250-3825
Source:
Searchphxproperties
Added: Nov 16, 2025
Changed: Nov 8
Last Checked: Nov 8 at 7:05AM
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 eXp Realty
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Investment Insights
Based on property information with market context.
The property comprises three single-story office buildings constructed in 1971. Building 1 contains 2,804 square feet, Building 2 has 4,422 square feet, and Building 3 offers 2,805 square feet. Building 2 is zoned C-O Commercial Office, a designation stated as suitable for office or retail uses. The site also includes covered parking behind an electric gate.
At 19th Avenue and Colter Street, the property occupies the northeast corner of a signalized intersection and is near light rail service.
At 19th Avenue and Colter Street, the property occupies the northeast corner of a signalized intersection and is near light rail service.
Key Highlights
- Three single‑story office buildings, constructed in 1971
- Building areas: 2,804 square feet, 4,422 square feet, and 2,805 square feet
- Building 2 carries C‑O Commercial Office zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$171,752
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,435,040
$3.4M
Cap Rate 7%
$2,453,600
$2.5M
Cap Rate 9%
$1,908,356
$1.9M
Market Conditions
NOI Build-Up for 10,033 SF
Gross rent
$308.2K $30.72/SF
− Vacancy
−$79.2K −$7.90/SF
EGI
$229.0K $22.82/SF
− OpEx
−$57.3K −$5.71/SF
NOI
$171.8K $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%
$3,435,040
Cap Rate 7%
$2,453,600
Cap Rate 9%
$1,908,356
Alternative Uses
Best Use
Office B
$2.45M
$2.15M – $2.86M
NOI $171,752 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.04M
$2.66M – $3.55M
NOI $212,736 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,194
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 - Three separate buildings include gated, covered parking and sit near light rail service.
Where is this office building located?
The property is located at 5201 N 19th Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Three single‑story office buildings, constructed in 1971; Building areas: 2,804 square feet, 4,422 square feet, and 2,805 square feet; Building 2 carries C‑O Commercial Office zoning
