Phoenix Office Building For
For Sale
$1,128,000
7509 N 35th Ave, Phoenix, AZ 85051
Office building with newly renovated suites and freeway access.
Property Size5,760 SF
Price / SF$195.83
Days on Market253
Property Features for 7509 N 35th Ave
General Information
Standard status
Active
Size
5,760 SF
Class
C
Property subtype
Office
Building Details
Building Size
5,760 SF
Year Built
1982
Listing Agency:
Commercial Properties Inc
Listed By:
Craig Trbovich · License #SA571098000
(602) 549-4676
Source:
Cpiaz
Added: Jan 26
Changed: Sep 9
Last Checked: Oct 5 at 3:40PM
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 Commercial Properties Inc
Investment Insights
Based on property information with market context.
This office building is located on 35th Ave and Glendale Ave in Phoenix, Arizona. The property features frontage on 35th Ave and monument signage. It is situated on a bus route and offers close proximity to the I-17 Freeway. The building includes newly renovated suites. The property size is 5760 square feet. The building is easily divisible, allowing for future growth and rental income potential. This property presents an opportunity for an office owner or user.
Key Highlights
- Newly Renovated Suites
- Building easily divisible for future growth and rental income
- Frontage on 35th Ave with Monument Signage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,604
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,972,080
$2.0M
Cap Rate 7%
$1,408,629
$1.4M
Cap Rate 9%
$1,095,600
$1.1M
Market Conditions
NOI Build-Up for 5,760 SF
Gross rent
$176.9K $30.72/SF
− Vacancy
−$45.5K −$7.90/SF
EGI
$131.5K $22.82/SF
− OpEx
−$32.9K −$5.71/SF
NOI
$98.6K $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%
$1,972,080
Cap Rate 7%
$1,408,629
Cap Rate 9%
$1,095,600
Alternative Uses
Best Use
Office B
$1.41M
$1.23M – $1.64M
NOI $98,604 @ 7.0% cap · market cap 8.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.53M – $2.04M
NOI $122,133 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
Explore this area
Business Placement
Demographics for 85051, AZ
46,123
Population
16,818
Households
2.7
Avg Household Size
34
Median Age
20%
College-Educated
81%
High-School Grad
6.4 sq mi
ZIP Area
7,207
Density / Sq Mi
$63,665
Median Household Income
$38,980
Median Earnings
$1,256
Median Rent
$288,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 building - Office building with newly renovated suites and freeway access.
Where is this office building located?
The property is located at 7509 N 35th Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,128,000.
What are key features of this property?
This property features: Newly Renovated Suites; Building easily divisible for future growth and rental income; Frontage on 35th Ave with Monument Signage
