Office Unit with Reception
For Sale
Contact for pricing
6245 N 35th Ave Unit 4, Phoenix, AZ 85017
Professional office unit with private rooms, shared parking, included utilities, and flexible month-to-month occupancy terms.
Property Size8,779 SF
Price / SF$0.10
Days on Market88
Property Features for 6245 N 35th Ave Unit 4
General Information
Standard status
Active
Size
8,779 SF
Site & Location
Neighborhood
Alhambra
Building Details
Year Built
1974
Listing Agency:
Keller Williams Integrity First Realty
Listed By:
Heather Openshaw
(520) 975-8187
Source:
Niki.eastvalleyazhomesforsale
Added: Aug 3
Changed: Oct 25
Last Checked: Oct 28 at 8:22AM
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 Keller Williams Integrity First Realty
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Investment Insights
Based on property information with market context.
This office unit at 6245 N 35th Ave Unit 1 includes a reception and lobby area, private office rooms, shared parking, and access to community restrooms. Utilities are included, providing a straightforward operating arrangement for an occupant. Flexible month-to-month lease terms support businesses seeking shorter-term occupancy without a long initial commitment.
The property is positioned just off 35th Avenue in Central Phoenix, with access to Downtown Phoenix and Grand Canyon University. Built in 1974, the office setting can accommodate professional, administrative, and service-oriented operations as described in the property information.
The property is positioned just off 35th Avenue in Central Phoenix, with access to Downtown Phoenix and Grand Canyon University. Built in 1974, the office setting can accommodate professional, administrative, and service-oriented operations as described in the property information.
Key Highlights
- Reception and lobby area with private office rooms
- Utilities included in the occupancy arrangement
- Shared parking available on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$150,285
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,005,700
$3.0M
Cap Rate 7%
$2,146,929
$2.1M
Cap Rate 9%
$1,669,833
$1.7M
Market Conditions
NOI Build-Up for 8,779 SF
Gross rent
$269.7K $30.72/SF
− Vacancy
−$69.3K −$7.90/SF
EGI
$200.4K $22.82/SF
− OpEx
−$50.1K −$5.71/SF
NOI
$150.3K $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%
$3,005,700
Cap Rate 7%
$2,146,929
Cap Rate 9%
$1,669,833
Alternative Uses
Best Use
Office B
$2.15M
$1.88M – $2.50M
NOI $150,285 @ 7.0% cap · market cap 17,680.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.66M
$2.33M – $3.10M
NOI $186,146 @ 7.0% cap · market cap 21,899.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
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Business Placement
Demographics for 85017, AZ
45,279
Population
12,743
Households
3.6
Avg Household Size
26
Median Age
11%
College-Educated
65%
High-School Grad
5.3 sq mi
ZIP Area
8,543
Density / Sq Mi
$51,737
Median Household Income
$29,371
Median Earnings
$1,197
Median Rent
$242,900
Median Home Value
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Market
Vacancy Rate% for Office in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Office unit - Professional office unit with private rooms, shared parking, included utilities, and flexible month-to-month occupancy terms.
Where is this office unit located?
The property is located at 6245 N 35th Ave Unit 4 Phoenix, AZ.
What are key features of this property?
This property features: Reception and lobby area with private office rooms; Utilities included in the occupancy arrangement; Shared parking available on site
