Historic Office
800 W Adams St Phoenix, AZ 85007
For Sale
Contact for pricing
Built in 1911 and last renovated in 2006, this historic office building is listed on the National Historic Registry.
Property Size31,842 SF
Price / SF$244.96
Days on Market162
Property Features for 800 W Adams St
General Information
- Standard status
- Active
- Size
- 31,842 SF
- Property subtype
- OFFICE
Listing Agency:
NAI Horizon - Phoenix
(602) 762-1795
Listed By:
Laurel Lewis SIOR · License #SA676537000
(602) 762-1795
Source:
Moodyscre
Added: Feb 13
Changed: Jul 25
Last Checked: Jul 25 at 10:27AM
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 NAI Horizon - Phoenix
Investment Insights
Based on property information with market context.
Grace Court, formerly known as Adams School, is a historic office property built in 1911 and listed on the National Historic Registry. The building was last renovated in 2006 and offers a distinctive historic framework for an owner to reposition for contemporary office use.
The property is located at 800 W Adams St in Phoenix, AZ 85007, providing an established base for a future tenant-ready layout built around the building’s existing structure and improvements.
With its historic status and documented renovation history, the asset presents an opportunity for an owner seeking to steward a landmark building while adapting it for modern workplace needs.
The property is located at 800 W Adams St in Phoenix, AZ 85007, providing an established base for a future tenant-ready layout built around the building’s existing structure and improvements.
With its historic status and documented renovation history, the asset presents an opportunity for an owner seeking to steward a landmark building while adapting it for modern workplace needs.
Key Highlights
- Historic office building built in 1911
- Listed on the National Historic Registry
- Last renovated in 2006
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $978.2k | $30.72 |
| − Vacancy | −$251.4k | −$7.90 |
| EGI | $726.8k | $22.82 |
| − OpEx | −$181.7k | −$5.71 |
| NOI | $545.1k | $17.12 |
31,842 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.79M
$6.81M – $9.08M
NOI $545,094 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.65M
$8.44M – $11.25M
NOI $675,165 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hope Academy
High School
FAQs
What type of property is this?
Office building - Built in 1911 and last renovated in 2006, this historic office building is listed on the National Historic Registry.
Where is this office building located?
The property is located at 800 W Adams St Phoenix, AZ.
What is the asking price?
The asking price for this property is $7,800,000.
What are key features of this property?
This property features: Historic office building built in 1911; Listed on the National Historic Registry; Last renovated in 2006
