High-End Office Condo in
For Sale
$970,000
7155 West Campo Bello Drive, Glendale, AZ 85308
Premium office condo with tenant in place until September 2026.
Property Size2,659 SF
Price / SF$364.80
Days on Market158
Property Features for 7155 West Campo Bello Drive
General Information
Standard status
Active
Size
2,659 SF
Class
B
Property subtype
Office
Building Details
Building Size
2,659 SF
Year Built
2006
Listing Agency:
SVN | Desert Commercial Advisors
Listed By:
Jonathan Levy · License #AZ #SA648012000
(623) 556-6420
Source:
Svn
Added: Apr 1
Changed: Aug 26
Last Checked: Sep 5 at 5:06AM
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 high-end office condo is located in the Arrowhead area of Glendale. The unit measures approximately 2,659 square feet and features a professional layout, including a reception area, a break room, and two restrooms. It also contains seven private offices and a large conference or group room measuring approximately 576 square feet. The property has two points of entry and includes six covered reserved parking spaces. There is an opportunity for building fascia signage. The property is currently occupied by a tenant with a lease in place until September 2026, offering immediate short-term income potential. It is also suitable for an owner/occupant. The location provides convenient access to the Loop 101 Freeway and is within walking distance of Arrowhead Towne Center Mall. The association is professionally managed.
Key Highlights
- Tenant in place until September 2026, providing immediate income potential.
- Located in the desirable Arrowhead area of Glendale, near Loop 101 Freeway.
- Walking distance to Arrowhead Towne Center Mall.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,802
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$816,040
$816.0K
Cap Rate 7%
$582,886
$582.9K
Cap Rate 9%
$453,356
$453.4K
Market Conditions
NOI Build-Up for 2,659 SF
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.
Gross rent
$70.2K $26.40/SF
− Vacancy
−$15.8K −$5.94/SF
EGI
$54.4K $20.46/SF
− OpEx
−$13.6K −$5.12/SF
NOI
$40.8K $15.35/SF
Area
Glendale, AZ
Vacancy
22.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$816,040
Cap Rate 7%
$582,886
Cap Rate 9%
$453,356
Alternative Uses
Best Use
Office B
$582.9K
$510.0K – $680.0K
NOI $40,802 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$835.2K
$730.8K – $974.4K
NOI $58,466 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,560
Businesses Nearby
Explore this area
Business Placement
Demographics for 85308, AZ
66,540
Population
26,540
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
95%
High-School Grad
16.9 sq mi
ZIP Area
3,937
Density / Sq Mi
$95,512
Median Household Income
$50,026
Median Earnings
$1,777
Median Rent
$420,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Premium office condo with tenant in place until September 2026.
Where is this office units located?
The property is located at 7155 West Campo Bello Drive Glendale, AZ.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: Tenant in place until September 2026, providing immediate income potential.; Located in the desirable Arrowhead area of Glendale, near Loop 101 Freeway.; Walking distance to Arrowhead Towne Center Mall.
