Office Units with Waiting Room and
For Sale
Contact for pricing
522 E Southern Ave, Phoenix, AZ 85040
Office units configured with a waiting room, reception area, two operatories, private office, and restroom.
Property Size1,616 SF
Price / SF$324.88
Days on Market161
Property Features for 522 E Southern Ave
General Information
Standard status
Active
Size
1,616 SF
Property subtype
OFFICE
Additional Details
Asking Price
$525,000
Listing Agency:
Menlo Group Commercial Real Estate
(480) 236-9511
Listed By:
Stuart Milne · License #SA697072000
(480) 236-9511
Source:
Moodyscre
Added: Feb 19
Changed: Jul 30
Last Checked: Jul 30 at 9:23AM
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 Menlo Group Commercial Real Estate
Investment Insights
Based on property information with market context.
This office unit space includes a waiting room and reception area, along with private office space and a restroom. The layout also features two operatories and supports professional patient or service workflows within a compact footprint.
The space is offered for sale at 522 E Southern Ave in Phoenix. It may be combined with 514 E Southern Ave for users seeking a larger configuration, subject to call-for-details.
With its defined front area for check-in and a back-of-house operatories component, the interior configuration is designed for day-to-day operations that benefit from separation between reception and treatment/work areas.
The space is offered for sale at 522 E Southern Ave in Phoenix. It may be combined with 514 E Southern Ave for users seeking a larger configuration, subject to call-for-details.
With its defined front area for check-in and a back-of-house operatories component, the interior configuration is designed for day-to-day operations that benefit from separation between reception and treatment/work areas.
Key Highlights
- 1,616 SF office unit space
- Waiting room and reception area
- Two operatories
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 | $49.6k | $30.72 |
| − Vacancy | −$12.8k | −$7.90 |
| EGI | $36.9k | $22.82 |
| − OpEx | −$9.2k | −$5.71 |
| NOI | $27.7k | $17.12 |
1,616 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$395.2K
$345.8K – $461.1K
NOI $27,664 @ 7.0% cap · market cap 5.27%
Second Best
Healthcare Medical
$329.1K
$288.0K – $384.0K
NOI $23,038 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$489.5K
$428.3K – $571.1K
NOI $34,265 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Explore this area
Business Placement
Demographics for 85040, AZ
33,993
Population
11,962
Households
2.8
Avg Household Size
30
Median Age
15%
College-Educated
69%
High-School Grad
10.1 sq mi
ZIP Area
3,366
Density / Sq Mi
$57,890
Median Household Income
$36,355
Median Earnings
$1,193
Median Rent
$294,800
Median Home Value
Market
Vacancy Rate% for Office in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office units configured with a waiting room, reception area, two operatories, private office, and restroom.
Where is this office units located?
The property is located at 522 E Southern Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,616 SF office unit space; Waiting room and reception area; Two operatories
