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    8211 48Th St Phoenix, AZ 85044

    Sponsored
    For Sale
    $5,951,400

    56,680 SF vacant office, prime location.

    Property size:
    56,680 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story, 56,680-square-foot office building presents a compelling vacant value-add or owner-user opportunity in Phoenix, Arizona. Located on a prime 4.2-acre site, this 1999-built asset boasts high-quality construction and a desirable location with easy access to Interstate 10 and other major highways, offering convenient access to both the affluent Ahwatukee neighborhood and a large labor pool. The building features multiple access points, a central elevator and restroom corridor, and an open lobby area providing floor plate flexibility. The interior includes conference rooms, perimeter offices, and expansive open areas with abundant natural light. Ample parking is provided with a 4.46 per 1,000 square foot ratio, totaling approximately 253 spaces, including 77 covered stalls, accessible from South 48th Street and Pointe Parkway West. The property's proximity to the Baseline Road and I-10 interchange, along with Loop 202, State Route 143, and US 60, ensures easy access to downtown Tempe, Arizona State University, Sky Harbor International Airport, and downtown Phoenix. Nearby amenities include a Fry's grocery-anchored retail center, numerous retail options, Arizona Mills Mall, and South Mountain Park and Preserve, offering a vibrant mix of local conveniences and recreational opportunities. The asking price is $5,951,400, translating to $105 per square foot, well below replacement cost. The property is zoned C-O PCD.

    Property Features for 8211 48Th St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    56,680 SF
    Lot Size
    182,952 SF

    Building Details

    Year Built
    1999
    Buildings
    1
    Stories
    2

    HighLights

    • Vacant office building offering value‑add or owner‑user potential.
    • Excellent Interstate 10 access.
    • High‑quality, two‑story, 56,680 square foot office building.
    • Prime 4.2‑acre site.
    • Offered at $105/SF, significantly below replacement cost.
    • Interior atrium with abundant natural light.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.97504554081
    Latitude
    33.372788840814

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    FAQs

    What type of property is this?
    Office Property / Space - 56,680 SF vacant office, prime location.
    Where is this office property / space located?
    The property is located at 8211 48Th St Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $5,951,400.
    What are key features of this property?
    This property features: Vacant office building offering value-add or owner-user potential.; Excellent Interstate 10 access.; High-quality, two-story, 56,680 square foot office building.
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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
    8211 48Th St Phoenix, AZ 85044
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