Standalone Office
For Sale
Contact for pricing
824 E WASHINGTON Street, Phoenix, AZ 85034
Fenced and gated commercial building with private-office layout and C-3 zoning.
Property Size3,286 SF
Price / SF$1.37
Days on Market55
Property Features for 824 E WASHINGTON Street
General Information
Standard status
Active
Size
3,286 SF
Property subtype
Comm/industry Lease
Zoning
C-3
Site & Location
Neighborhood
Central City
Amenities
fenced and gated
Building Details
Buildings
1
Listing Agency:
LRA Real Estate Group, LLC
Listed By:
Bryan Watkins · License ##BR545459000
(480) 526-5644
Source:
Juliebradfeldt
Added: Sep 5
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 LRA Real Estate Group, LLC
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Investment Insights
Based on property information with market context.
This standalone office property contains 3,286 square feet with 13 private offices and a small basement. The building is enclosed by fencing and accessed through a gate, providing a defined commercial setting. Its prior uses include a radio station, construction office, and auto sales operation.
The property is zoned C-3, Commercial General, supporting a range of commercial applications. A floorplan is available to help evaluate the existing office arrangement and basement area.
The property is zoned C-3, Commercial General, supporting a range of commercial applications. A floorplan is available to help evaluate the existing office arrangement and basement area.
Key Highlights
- 3,286‑square‑foot standalone office building
- 13 private offices and a small basement
- Fenced and gated property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,252
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,125,040
$1.1M
Cap Rate 7%
$803,600
$803.6K
Cap Rate 9%
$625,022
$625.0K
Market Conditions
NOI Build-Up for 3,286 SF
Gross rent
$100.9K $30.72/SF
− Vacancy
−$25.9K −$7.90/SF
EGI
$75.0K $22.82/SF
− OpEx
−$18.8K −$5.71/SF
NOI
$56.3K $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%
$1,125,040
Cap Rate 7%
$803,600
Cap Rate 9%
$625,022
Alternative Uses
Best Use
Office B
$803.6K
$703.2K – $937.5K
NOI $56,252 @ 7.0% cap · market cap 1,250.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$995.4K
$870.9K – $1.16M
NOI $69,675 @ 7.0% cap · market cap 1,548.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,041
Businesses Nearby
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Business Placement
Demographics for 85034, AZ
5,033
Population
2,901
Households
1.7
Avg Household Size
32
Median Age
32%
College-Educated
81%
High-School Grad
11.6 sq mi
ZIP Area
434
Density / Sq Mi
$53,545
Median Household Income
$43,236
Median Earnings
$1,205
Median Rent
$397,400
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 building - Fenced and gated commercial building with private-office layout and C-3 zoning.
Where is this office building located?
The property is located at 824 E WASHINGTON Street Phoenix, AZ.
What are key features of this property?
This property features: 3,286‑square‑foot standalone office building; 13 private offices and a small basement; Fenced and gated property
