Office Condo with Indian School
9150 W Indian School Road Phoenix, AZ 85037
9150 W Indian School Road, Phoenix, AZ, 85037
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For Sale
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Office condo with reception, conference rooms, private offices, and Indian School frontage.
Property Size2,641 SF
Price / SF$354.03
Days on Market99
Property Features for 9150 W Indian School Road
General Information
- Standard status
- Active
- Size
- 2,641 SF
- Property subtype
- Office
Building Details
- Year Built
- 2005
Listing agency
SRS Real Estate Partners Phoenix
Listed by
Greg White · License #SA027217000
Source
Crexi
Added: Apr 14 Updated: Jul 21 at 1:32PM Checked: Jul 21 at 1:32PM
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 SRS Real Estate Partners Phoenix
Investment Insights
Based on property information with market context.
Indian School Professional Plaza offers an office condo unit with Indian School Road frontage. Suite 103 is a condo buildout featuring a reception area, two conference rooms, two bathrooms, five private offices, and a large bullpen space.
This is the only building within the condo complex that has Indian School frontage, providing visibility along the corridor. The property also includes building signage and monument signage, and it is located a few blocks off the 101 Freeway.
The unit’s interior improvements are finished to a high-end standard, designed to support professional office use with both private and collaborative workspaces.
This is the only building within the condo complex that has Indian School frontage, providing visibility along the corridor. The property also includes building signage and monument signage, and it is located a few blocks off the 101 Freeway.
The unit’s interior improvements are finished to a high-end standard, designed to support professional office use with both private and collaborative workspaces.
Key Highlights
- Office condo (Ste 103) built in 2005 with 2,641 SF and Indian School frontage
- Only building in the condo complex with Indian School frontage
- Buildout includes reception, 2 conference rooms, large bull pen, 5 private offices, and 2 bathrooms
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.1k | $30.72 |
| − Vacancy | −$20.9k | −$7.90 |
| EGI | $60.3k | $22.82 |
| − OpEx | −$15.1k | −$5.71 |
| NOI | $45.2k | $17.12 |
2,641 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$645.9K
$565.1K – $753.5K
NOI $45,211 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$800.0K
$700.0K – $933.3K
NOI $55,999 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Center Point Dental
Dental Office
West Valley Insurance
Insurance Agency
Stephen G. Hofmeir, ...
Alternative Medicine Practice
Jason C. Nielson, ...
Alternative Medicine Practice
New American Funding ...
Loan Service
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FAQs
What type of property is this?
Office units - Office condo with reception, conference rooms, private offices, and Indian School frontage.
Where is this office units located?
The property is located at 9150 W Indian School Road Phoenix, AZ.
What is the asking price?
The asking price for this property is $935,000.
What are key features of this property?
This property features: Office condo (Ste 103) built in 2005 with 2,641 SF and Indian School frontage; Only building in the condo complex with Indian School frontage; Buildout includes reception, 2 conference rooms, large bull pen, 5 private offices, and 2 bathrooms
