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    5800 19Th Ave Phoenix, AZ 85015

    For Sale
    $2,285,714

    Multi-tenant office building, strong cash flow.

    Property size:
    15,192 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This Phoenix, Arizona office building, located at 5800 N 19th Ave, presents a compelling investment opportunity. The 15,192 square foot, Class C property boasts a strong 8.85% cap rate and a current NOI of $202,256.52. Built in 1959 and renovated in 2019, the two-story building sits on a 0.89-acre lot and features 19 units with 79% occupancy as of June 24, 2024. The property offers ample parking (4.5 spaces per 1,000 sq ft), a gross lease structure, and is zoned C-2. Its strategic location in a vibrant business district provides easy access to major transportation routes, including light rail, and is surrounded by amenities such as Costco, Target, and Abrazo Hospital. The building's mid-century modern design creates a professional atmosphere. Shorter-term leases allow for potential owner-user occupancy of up to 66% by January 2025. The asking price is $2,285,714, with a price per square foot of $150.46. Tenants are responsible for their own janitorial services and internet. This property offers significant potential for value-add improvements and increased rental income, capitalizing on Phoenix's dynamic market growth. The property includes monument signage, central HVAC, and common area restrooms.

    Property Features for 5800 19Th Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    15,192 SF
    Class
    C
    Lot Size
    38,768 SF

    Building Details

    Year Built/Renovated
    1959/2019
    Buildings
    1
    Stories
    2
    Units
    19

    HighLights

    • 20 suites with 75 parking spaces.
    • Conveniently located near Spectrum Shopping Mall.
    • Proximity to upscale medical facilities.
    • High visibility with superior street exposure.
    • Tenants responsible for their own janitorial services and internet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Omega Counseling Counselor Elite Staffing Services ... Employment Agency International Hair Salon Barber Shop The Chicago Hair Barbie Hair Salon MFAS Arts Jeweler

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.09984749
    Latitude
    33.52240809

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    FAQs

    What type of property is this?
    Office Property / Space - Multi-tenant office building, strong cash flow.
    Where is this office property / space located?
    The property is located at 5800 19Th Ave Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $2,285,714.
    What are key features of this property?
    This property features: 20 suites with 75 parking spaces.; Conveniently located near Spectrum Shopping Mall.; Proximity to upscale medical facilities.
    (480) 214-1103
    Request Owner's contact information
    5800 19Th Ave Phoenix, AZ 85015
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    Phoenix, AZ 85015
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    Realmo Value Estimation

    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.

    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.

    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
    5800 19Th Ave Phoenix, AZ 85015
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