Second-Floor Office
8801 W UNION HILLS Drive 200, Peoria, AZ 85382
For Sale
Contact for pricing
Private offices include shared support areas, utilities, and housekeeping.
Property Size2,289 SF
Price / SF$0.35
Days on Market50
Property Features for 8801 W UNION HILLS Drive 200
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
Floor
Utilities to Site
Listing Agency:
Success Property Brokers
(480) 563-9511
Listed By:
Monica S Kane
(602) 717-1226
Source:
Thegouldgroupaz
Added: Sep 22
Changed: Nov 6
Last Checked: Nov 8 at 5:23AM
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 Success Property Brokers
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Investment Insights
Based on property information with market context.
Union Suites comprises private office units on the second floor of a commercial building, with access provided by elevator or stairs. The layout includes nine offices totaling approximately 1,021 SF within a 2,289 SF second-floor area. Individual offices measure approximately 102-151 SF, and several are available now with additional suites coming soon.
Occupants have access to approximately 1,250 SF of shared space that includes a waiting room, hallways, kitchen, and restrooms. Utilities are included, along with housekeeping for both private suites and common areas. Optional furniture packages are available, and the property is located at 8801 W UNION HILLS Drive, 200, Peoria, AZ 85382.
Occupants have access to approximately 1,250 SF of shared space that includes a waiting room, hallways, kitchen, and restrooms. Utilities are included, along with housekeeping for both private suites and common areas. Optional furniture packages are available, and the property is located at 8801 W UNION HILLS Drive, 200, Peoria, AZ 85382.
Key Highlights
- Nine offices totaling approximately 1,021 SF
- Individual office sizes range from approximately 102‑151 SF
- Second‑floor location with elevator and stair access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,347
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,940
$686.9K
Cap Rate 7%
$490,671
$490.7K
Cap Rate 9%
$381,633
$381.6K
Market Conditions
NOI Build-Up for 2,289 SF
Gross rent
$53.6K $23.40/SF
− Vacancy
−$7.8K −$3.39/SF
EGI
$45.8K $20.01/SF
− OpEx
−$11.4K −$5.00/SF
NOI
$34.3K $15.01/SF
Area
Peoria, AZ
Vacancy
14.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,940
Cap Rate 7%
$490,671
Cap Rate 9%
$381,633
Alternative Uses
Best Use
Office B
$490.7K
$429.3K – $572.5K
NOI $34,347 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$563.6K
$493.1K – $657.5K
NOI $39,450 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
660
Businesses Nearby
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Business Placement
Demographics for 85382, AZ
42,576
Population
19,796
Households
2.2
Avg Household Size
45
Median Age
38%
College-Educated
93%
High-School Grad
9.9 sq mi
ZIP Area
4,301
Density / Sq Mi
$93,387
Median Household Income
$53,864
Median Earnings
$1,875
Median Rent
$408,000
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Maricopa County, AZ
Properties on Market for Office Units in Maricopa County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Private offices include shared support areas, utilities, and housekeeping.
Where is this office unit located?
The property is located at 8801 W UNION HILLS Drive 200 Peoria, AZ.
What are key features of this property?
This property features: Nine offices totaling approximately 1,021 SF; Individual office sizes range from approximately 102‑151 SF; Second‑floor location with elevator and stair access
