Medical Office With Wet
For Sale
Contact for pricing
8581 N 61st Ave, Glendale, AZ 85302
Includes reception, conference, and private office areas within a dedicated medical workspace.
Property Size7,327 SF
Price / SF$290
Days on Market106
Property Features for 8581 N 61st Ave
General Information
Standard status
Active
Size
7,327 SF
Property subtype
OFFICE
Amenities
15 private offices
3 wet medical rooms
4 bathrooms
4 conference rooms
3 entrances/exits
Reception/waiting area
Mail room
Listing Agency:
LevRose Commercial Real Estate
(480) 947-0600
Listed By:
Cameron Miller
(480) 294-6584
Source:
Moodyscre
Added: Jul 3
Changed: Sep 15
Last Checked: Oct 15 at 2:50AM
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 LevRose Commercial Real Estate
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Investment Insights
Based on property information with market context.
This 7,327-square-foot medical office property offers a structured interior layout with 15 private offices, 3 wet medical rooms, 4 bathrooms, and 4 conference rooms. The space also includes a reception and waiting area, along with a dedicated mail room.
Three entrances/exits provide access to the building at 8581 N 61st Ave in Glendale, Arizona. The combination of private offices, clinical rooms, meeting space, and visitor reception creates a clearly defined medical office configuration.
Three entrances/exits provide access to the building at 8581 N 61st Ave in Glendale, Arizona. The combination of private offices, clinical rooms, meeting space, and visitor reception creates a clearly defined medical office configuration.
Key Highlights
- 7,327 square feet of medical office space
- 15 private offices and 3 wet medical rooms
- 4 bathrooms and 4 conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,433
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,248,660
$2.2M
Cap Rate 7%
$1,606,186
$1.6M
Cap Rate 9%
$1,249,256
$1.2M
Market Conditions
NOI Build-Up for 7,327 SF
Gross rent
$193.4K $26.40/SF
− Vacancy
−$43.5K −$5.94/SF
EGI
$149.9K $20.46/SF
− OpEx
−$37.5K −$5.12/SF
NOI
$112.4K $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 Rate 5%
$2,248,660
Cap Rate 7%
$1,606,186
Cap Rate 9%
$1,249,256
Alternative Uses
Best Use
Office B
$1.61M
$1.41M – $1.87M
NOI $112,433 @ 7.0% cap · market cap 5.29%
Second Best
Healthcare Medical
$1.54M
$1.35M – $1.80M
NOI $107,988 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$2.30M
$2.01M – $2.69M
NOI $161,105 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85302, AZ
41,369
Population
15,767
Households
2.6
Avg Household Size
36
Median Age
20%
College-Educated
85%
High-School Grad
6.0 sq mi
ZIP Area
6,895
Density / Sq Mi
$62,516
Median Household Income
$38,629
Median Earnings
$1,241
Median Rent
$326,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Banfield Pet Hospital — 5707 W Northern Ave, Glendale, AZ 85301
Frequently Asked Questions
What type of property is this?
Medical Office Space - Includes reception, conference, and private office areas within a dedicated medical workspace.
Where is this medical office space located?
The property is located at 8581 N 61st Ave Glendale, AZ.
What is the asking price?
The asking price for this property is $2,124,830.
What are key features of this property?
This property features: 7,327 square feet of medical office space; 15 private offices and 3 wet medical rooms; 4 bathrooms and 4 conference rooms
