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    The Largest CRE Database in the US with Over 1 Million Listings

    20 Jackson St Phoenix, AZ 85003

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    For Lease
    Contact for pricing

    21,048 SF Executive Suite Available

    Lot size:
    21,048 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    423
    This exceptional 21,048-square-foot executive office space is available for lease at 20 W Jackson St, Phoenix, Arizona, 85003. Located in Maricopa County, this single-tenant property offers a complete and expansive workspace. The entire building, totaling 21,048 square feet, is currently vacant and ready for immediate occupancy. This presents a unique opportunity for a business seeking a substantial and self-contained office environment. The property's address is conveniently situated at 20 W Jackson St, providing excellent accessibility and visibility. The building's classification as an "Executive Office" suggests a high level of finish and amenities, ideal for a company seeking a prestigious location for its operations. Given the size and single-tenant nature of the property, it is well-suited for a large organization or a company requiring significant space for its operations. The property's location in Phoenix, Arizona, offers access to a thriving business community and a robust infrastructure. Interested parties are encouraged to inquire further to explore the possibilities this significant office space presents. The property is ready for immediate occupancy. Further details regarding lease terms and conditions are available upon request.

    Property Features for 20 Jackson St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,048 SF

    Spaces For Lease

    at 20 Jackson St, Phoenix, AZ 85003 Contact us

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    Listing Contact
    Teale Bloom

    Learn more

    Property Insight Report

    HighLights

    • 21,048 SF executive office space available for lease at 20 W Jackson St, Phoenix, AZ 85003.
    • Entire 21,048 SF building is vacant and ready for immediate occupancy.
    • Single‑tenant property ideal for a large organization.
    • Excellent accessibility and visibility at 20 W Jackson St.
    • High‑end finishes and amenities in a prestigious Phoenix location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Myriad Interactive, LLC. Marketing & Advertising Moses Anshell Marketing & Advertising Ward Design Agency Advertising Agency Phoenix Interpersonal Therapy ... Corporate Office Impress Labs Advertising Agency

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.0743837
    Latitude
    33.44522

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    FAQs

    What type of property is this?
    Office Property / Space - 21,048 SF Executive Suite Available
    Where is this office property / space located?
    The property is located at 20 Jackson St Phoenix, AZ.
    What are key features of this property?
    This property features: 21,048 SF executive office space available for lease at 20 W Jackson St, Phoenix, AZ 85003.; Entire 21,048 SF building is vacant and ready for immediate occupancy.; Single-tenant property ideal for a large organization.
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    20 Jackson St Phoenix, AZ 85003
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    20 Jackson St Phoenix, AZ 85003
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