Office Building with Open
For Sale
$429,000
8821 N 7th St Unit 100, Phoenix, AZ 85020
The suite includes a conference room, kitchenette, and restroom equipped with grab bars.
Property Size2,593 SF
Price / SF$165.45
Days on Market706
Property Features for 8821 N 7th St Unit 100
General Information
Standard status
Active
Size
2,593 SF
Property subtype
Commercial
Amenities
Private conference room
Break room with kitchenette
Accessible restroom with grab bars
Building Details
Year Built
1973
Listing Agency:
HomeSmart
(623) 332-4116
Listed By:
Ali Al-Asady · License #SA542527000
Source:
Myphoenixhomesource
Added: Sep 23, 2024
Changed: Aug 28
Last Checked: Aug 28 at 12:19PM
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 HomeSmart
Investment Insights
Based on property information with market context.
This office building at 8821 N 7th St Unit 100 provides 2,593 square feet of flexible workspace. The interior features an open main area, high ceilings, tile flooring, and bright lighting suited to a professional setting. A private conference room supports meetings, while the break area includes a kitchenette for staff use. The restroom is equipped with grab bars for accessibility. Built in 1973, the property offers a defined office configuration with practical spaces for daily operations, collaboration, and employee support. The unit designation is Unit 100, providing a clear address for business operations and visitor access.
Key Highlights
- 2,593‑square‑foot office building at 8821 N 7th St Unit 100
- Open main area with high ceilings, tile flooring, and bright lighting
- Private conference room for meetings and collaboration
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,307
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$586,140
$586.1K
Cap Rate 7%
$418,671
$418.7K
Cap Rate 9%
$325,633
$325.6K
Market Conditions
NOI Build-Up for 2,593 SF
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.
Gross rent
$46.7K $18.00/SF
− Vacancy
−$4.8K −$1.85/SF
EGI
$41.9K $16.15/SF
− OpEx
−$12.6K −$4.84/SF
NOI
$29.3K $11.30/SF
Area
Phoenix, AZ
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$586,140
Cap Rate 7%
$418,671
Cap Rate 9%
$325,633
Alternative Uses
Best Use
Office B
$634.1K
$554.9K – $739.8K
NOI $44,389 @ 7.0% cap · market cap 10.35%
Second Best
Retail
$418.7K
$366.3K – $488.5K
NOI $29,307 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$785.4K
$687.3K – $916.4K
NOI $54,981 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Office in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - The suite includes a conference room, kitchenette, and restroom equipped with grab bars.
Where is this office building located?
The property is located at 8821 N 7th St Unit 100 Phoenix, AZ.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 2,593‑square‑foot office building at 8821 N 7th St Unit 100; Open main area with high ceilings, tile flooring, and bright lighting; Private conference room for meetings and collaboration
