Medical Office Condo For
For Sale
$750,000
9179 W Thunderbird Rd #B-107, Peoria, AZ 85381
Fully built-out medical condo suitable for a variety of uses.
Property Size1,685 SF
Price / SF$445.10
Days on Market207
Property Features for 9179 W Thunderbird Rd #B-107
General Information
Standard status
Active
Size
1,685 SF
Class
B
Property subtype
Office
Building Details
Building Size
1,685 SF
Listing Agency:
Menlo Group Commercial Real Estate
Listed By:
Ryan Edwards · License #SA697072000
(480) 760-5044
Source:
Menlocre
Added: Mar 27
Changed: Oct 15
Last Checked: Oct 16 at 6:52AM
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
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Investment Insights
Based on property information with market context.
A fully built-out dental office is available for sale. Tenant improvements were completed within the last 3 years. The property offers a layout that can accommodate a variety of medical uses. The property has a size of 1685 square feet.
Key Highlights
- Fully built out dental office
- Available for sale
- Brand new tenant improvements (TI's) completed within the last 3 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,284
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,680
$505.7K
Cap Rate 7%
$361,200
$361.2K
Cap Rate 9%
$280,933
$280.9K
Market Conditions
NOI Build-Up for 1,685 SF
Gross rent
$39.4K $23.40/SF
− Vacancy
−$5.7K −$3.39/SF
EGI
$33.7K $20.01/SF
− OpEx
−$8.4K −$5.00/SF
NOI
$25.3K $15.01/SF
Area
Peoria, AZ
Vacancy
14.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,680
Cap Rate 7%
$361,200
Cap Rate 9%
$280,933
Alternative Uses
Best Use
Office B
$361.2K
$316.1K – $421.4K
NOI $25,284 @ 7.0% cap · market cap 3.37%
Second Best
Healthcare Medical
$329.4K
$288.2K – $384.3K
NOI $23,057 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$414.9K
$363.0K – $484.0K
NOI $29,040 @ 7.0% cap · market cap 3.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,381
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85381, AZ
27,008
Population
11,393
Households
2.4
Avg Household Size
40
Median Age
34%
College-Educated
95%
High-School Grad
6.7 sq mi
ZIP Area
4,031
Density / Sq Mi
$94,442
Median Household Income
$49,458
Median Earnings
$1,726
Median Rent
$407,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully built-out medical condo suitable for a variety of uses.
Where is this medical office space located?
The property is located at 9179 W Thunderbird Rd #B-107 Peoria, AZ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Fully built out dental office; Available for sale; Brand new tenant improvements (TI's) completed within the last 3 years
