Executive Office
For Sale
Contact for pricing
8821 N 7TH Street 305, Phoenix, AZ 85020
Two office units include utilities, high-speed internet, kitchen amenities, and covered and uncovered parking.
Property Size2,377 SF
Price / SF$0.32
Days on Market50
Property Features for 8821 N 7TH Street 305
General Information
Standard status
Active
Size
2,377 SF
Property subtype
Comm/industry Lease
Site & Location
Neighborhood
North Mountain
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Amenities
small kitchen with fridge and sink
high-speed internet
Listing Agency:
My Home Group Real Estate
(480) 685-2760
Listed By:
Stacie Buchanan
(623) 313-5142
Source:
Virginiagee
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 28 at 9:04AM
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 My Home Group Real Estate
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Investment Insights
Based on property information with market context.
This office property offers two executive suite units within a secure office building. Each suite is positioned for entrepreneurs, consultants, or small teams seeking a professional business setting. Building amenities include a small kitchen with a refrigerator and sink, while included services cover water, electricity, and high-speed internet.
The property is located at 8821 N 7TH Street in Phoenix, near North Mountain and fast-food establishments. It fronts a high-traffic street with access to I-17 and SR-51. Parking is available in both covered and uncovered spaces for occupants and their clients. The property size is 2,377.
The property is located at 8821 N 7TH Street in Phoenix, near North Mountain and fast-food establishments. It fronts a high-traffic street with access to I-17 and SR-51. Parking is available in both covered and uncovered spaces for occupants and their clients. The property size is 2,377.
Key Highlights
- Two executive office units available
- Water, electricity, and high‑speed internet included
- Small kitchen with refrigerator and sink
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,691
Suggested Prices Based on Cap Rates
Cap Rate 5%
$813,820
$813.8K
Cap Rate 7%
$581,300
$581.3K
Cap Rate 9%
$452,122
$452.1K
Market Conditions
NOI Build-Up for 2,377 SF
Gross rent
$73.0K $30.72/SF
− Vacancy
−$18.8K −$7.90/SF
EGI
$54.3K $22.82/SF
− OpEx
−$13.6K −$5.71/SF
NOI
$40.7K $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%
$813,820
Cap Rate 7%
$581,300
Cap Rate 9%
$452,122
Alternative Uses
Best Use
Office B
$581.3K
$508.6K – $678.2K
NOI $40,691 @ 7.0% cap · market cap 5,425.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$720.0K
$630.0K – $840.0K
NOI $50,401 @ 7.0% cap · market cap 6,720.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,944
Businesses Nearby
Explore this area
Business Placement
Demographics for 85020, AZ
34,534
Population
18,231
Households
1.9
Avg Household Size
43
Median Age
43%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,924
Density / Sq Mi
$78,412
Median Household Income
$48,230
Median Earnings
$1,389
Median Rent
$400,800
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 Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Office unit - Two office units include utilities, high-speed internet, kitchen amenities, and covered and uncovered parking.
Where is this office unit located?
The property is located at 8821 N 7TH Street 305 Phoenix, AZ.
What are key features of this property?
This property features: Two executive office units available; Water, electricity, and high‑speed internet included; Small kitchen with refrigerator and sink
