Leased Medical Office
9150 W Indian School Rd Bldg 4, Phoenix, AZ 85037
For Sale
New
$2,677,760
A physical therapy practice occupies the space under a corporate-guaranteed lease with annual rent increases.
Property Size5,230 SF
Price / SF$512
Days on Market2
Property Features for 9150 W Indian School Rd Bldg 4
General Information
Standard status
Size
Class
Property subtype
Occupancy
Financials
Asking Price
Cap Rate
Site & Location
Neighborhood
Highway Access
Additional Details
Tenant in Place
Property Use
Medical Specialty
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Menlo Group Commercial Real Estate
Listed By:
Ryan Edwards · License #SA697072000
(480) 760-5044
Source:
Menlocre
Added: Nov 8
Last Checked: Nov 8 at 2:02AM
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 Menlo Group Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,230-square-foot medical office space is fully leased to a physical therapy practice. A new 10-year lease includes two five-year renewal options, 3% annual escalations, and a corporate guaranty. The lease is structured as NNN.
The property is at 9150 W Indian School Rd, Building 4, in Phoenix, with access to Loop 101 and I-10.
The property is at 9150 W Indian School Rd, Building 4, in Phoenix, with access to Loop 101 and I-10.
Key Highlights
- 5,230 SF medical office occupied by a physical therapy practice
- Fully leased under a new 10‑year NNN lease
- Two 5‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,531
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,790,620
$1.8M
Cap Rate 7%
$1,279,014
$1.3M
Cap Rate 9%
$994,789
$994.8K
Market Conditions
NOI Build-Up for 5,230 SF
Gross rent
$160.7K $30.72/SF
− Vacancy
−$41.3K −$7.90/SF
EGI
$119.4K $22.82/SF
− OpEx
−$29.8K −$5.71/SF
NOI
$89.5K $17.12/SF
Area
ZIP 85037
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%
$1,790,620
Cap Rate 7%
$1,279,014
Cap Rate 9%
$994,789
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,531 @ 7.0% cap · market cap 3.34%
Second Best
Healthcare Medical
$1.04M
$911.3K – $1.22M
NOI $72,902 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,895 @ 7.0% cap · market cap 4.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85037, AZ
50,929
Population
16,020
Households
3.2
Avg Household Size
29
Median Age
14%
College-Educated
79%
High-School Grad
8.2 sq mi
ZIP Area
6,211
Density / Sq Mi
$81,919
Median Household Income
$40,866
Median Earnings
$1,649
Median Rent
$290,600
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Phoenix, AZ
Properties on Market for Medical Office Space in Phoenix
Vacancy Rate% for Office in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Medical Office Space - A physical therapy practice occupies the space under a corporate-guaranteed lease with annual rent increases.
Where is this medical office space located?
The property is located at 9150 W Indian School Rd Bldg 4 Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,677,760.
What are key features of this property?
This property features: 5,230 SF medical office occupied by a physical therapy practice; Fully leased under a new 10‑year NNN lease; Two 5‑year renewal options
