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Multi-Tenant Office Building
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531 E Thomas Rd, Phoenix, AZ 85012

Multi-tenant office building with multiple suites, including HVAC with seven AC units replaced no earlier than 2011.

Property Size10,925 SF
Days on Market134

Property Features for 531 E Thomas Rd

General Information

Standard status Active
Size 10,925 SF
Property subtype Office

Additional Details

Office Units 5

Building Details

Tenancy Multi
Listing Agency: SVN | Desert Commercial Advisors
Listed By: Justin Horwitz · License #AZ SA562459000
Source: Crexi
Added: Apr 11 Changed: Aug 14 Last Checked: Aug 14 at 7:41AM

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 SVN | Desert Commercial Advisors

Investment Insights

Based on property information with market context.

This multi-tenant office building offers a total of 10,925 square feet with multiple suites currently occupied by professional tenants. The seller occupies approximately 6,500 square feet, and the seller is willing to vacate to accommodate an owner-user or may consider a lease back for an investor seeking income.

The building includes seven AC units, all of which were replaced no earlier than 2011. The HVAC system and other major components continue to receive regular preventative maintenance, supported by an ongoing service contract for the roof.

With relatively short-term leases in place, the property provides flexibility for an owner-occupant to expand within the building over time as space needs change.

Key Highlights

  • 10,925 SF multi‑tenant office building at 531 E. Thomas Rd
  • Seller currently occupies ~6,500 SF; four other suites are leased to professional tenants
  • Seller willing to vacate for an owner‑user or consider a lease‑back to maximize income

Property Analytics

Current Use

Stegall Katz & Whitaker ... Law Firm Coughlon Law Firm, ... Law Firm Curtis Craig DC Alternative Medicine Practice Law Office of Mark ... Law Firm Cherry Blossom Doula ... Alternative Medicine Practice

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Florist Carpet & Flooring Store Pet Grooming Service Butcher Restaurant

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

5
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

4,133
Businesses Nearby

Demographics for 85012, AZ

8,201
Population
5,269
Households
1.6
Avg Household Size
39
Median Age
60%
College-Educated
95%
High-School Grad
2.3 sq mi
ZIP Area
3,566
Density / Sq Mi
$80,242
Median Household Income
$57,228
Median Earnings
$1,693
Median Rent
$701,200
Median Home Value

Market

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
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Frequently Asked Questions

What type of property is this?
Office building - Multi-tenant office building with multiple suites, including HVAC with seven AC units replaced no earlier than 2011.
Where is this office building located?
The property is located at 531 E Thomas Rd Phoenix, AZ.
What are key features of this property?
This property features: 10,925 SF multi‑tenant office building at 531 E. Thomas Rd; Seller currently occupies ~6,500 SF; four other suites are leased to professional tenants; Seller willing to vacate for an owner‑user or consider a lease‑back to maximize income
(480) 220-2674 Call to check price and availability
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