Medical Office Building with Flexible
For Sale
$4,500,000
Pending
6739 W Cactus Road, Peoria, AZ 85381
Large C-2 office building offers built-out medical office space plus an additional shell-ready suite option.
Property Size15,187 SF
Days on Market104
Property Features for 6739 W Cactus Road
General Information
Standard status
Pending
Size
15,187 SF
Property subtype
COMMERCIAL
Site & Location
Neighborhood
Fox Glen
Taxes and HOA fees
Annual Taxes
$32,430
Building Details
Building Size
15,187 SF
Year Built
2000
Listing Agency:
Realty ONE Group
Listed By:
Lindsay A Mozena · License #SA658766000
(480) 266-7656
Source:
Alexiabertsatos
Added: Jul 14
Changed: Oct 18
Last Checked: Oct 23 at 4:02PM
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 Realty ONE Group
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Investment Insights
Based on property information with market context.
This C-2 zoned commercial office building is located on the southwest corner of a high-traffic intersection. The larger 10,000 SF side is currently built out with several offices, a large open workspace, conference rooms, and restrooms. The entire building has new HVAC units.
A smaller 5,000 SF space is prepped in shell condition and is ready for the next occupant. The property can be purchased as a whole, and it is also available for lease as either a full building or split into the 10,000 SF and 5,000 SF spaces. A floor plan is available upon request.
A smaller 5,000 SF space is prepped in shell condition and is ready for the next occupant. The property can be purchased as a whole, and it is also available for lease as either a full building or split into the 10,000 SF and 5,000 SF spaces. A floor plan is available upon request.
Key Highlights
- Large commercial property built in 2000 at the SW corner of a high‑traffic intersection
- C‑2 zoning; previously used as a telemedicine office
- 10,000 SF built‑out suite with multiple offices, large open workspace, conference rooms, and restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$227,885
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,557,700
$4.6M
Cap Rate 7%
$3,255,500
$3.3M
Cap Rate 9%
$2,532,056
$2.5M
Market Conditions
NOI Build-Up for 15,187 SF
Gross rent
$355.4K $23.40/SF
− Vacancy
−$51.5K −$3.39/SF
EGI
$303.8K $20.01/SF
− OpEx
−$76.0K −$5.00/SF
NOI
$227.9K $15.01/SF
Area
Peoria, AZ
Vacancy
14.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,557,700
Cap Rate 7%
$3,255,500
Cap Rate 9%
$2,532,056
Alternative Uses
Best Use
Office B
$3.26M
$2.85M – $3.80M
NOI $227,885 @ 7.0% cap · market cap 5.06%
Second Best
Healthcare Medical
$2.97M
$2.60M – $3.46M
NOI $207,813 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$3.74M
$3.27M – $4.36M
NOI $261,739 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85381, AZ
27,008
Population
11,393
Households
2.4
Avg Household Size
40
Median Age
34%
College-Educated
95%
High-School Grad
6.7 sq mi
ZIP Area
4,031
Density / Sq Mi
$94,442
Median Household Income
$49,458
Median Earnings
$1,726
Median Rent
$407,900
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Large C-2 office building offers built-out medical office space plus an additional shell-ready suite option.
Where is this medical office space located?
The property is located at 6739 W Cactus Road Peoria, AZ.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Large commercial property built in 2000 at the SW corner of a high‑traffic intersection; C‑2 zoning; previously used as a telemedicine office; 10,000 SF built‑out suite with multiple offices, large open workspace, conference rooms, and restrooms
