Anthem Office/Medical Condo For
For Sale
Contact for pricing
42104 N Venture Dr Bldg D Ste 114, Anthem, AZ 85086
Office/Medical condo available for sale in Anthem, Arizona.
Property Size2,153 SF
Price / SF$371.57
Days on Market764
Property Features for 42104 N Venture Dr Bldg D Ste 114
General Information
Standard status
Active
Size
2,153 SF
Class
B
Property subtype
Office
Zoning
C-2
Investment Type
Owner/User
Building Details
Year Built
2004
Listing Agency:
Commercial Properties Inc.
Listed By:
Eric Butler · License #AZ BR515583000
(480) 522-2813
Source:
Crexi
Added: Sep 16, 2024
Changed: Oct 4
Last Checked: Oct 16 at 7:27AM
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 Commercial Properties Inc.
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.
An office/medical condo is available for sale in Anthem, Arizona, located at Anthem Drive and Venture. The property has a size of 2153 square feet.
Key Highlights
- Office/Medical Condo available for sale.
- Located in Anthem, AZ.
- Situated at Anthem Dr and Venture.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,355
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,100
$747.1K
Cap Rate 7%
$533,643
$533.6K
Cap Rate 9%
$415,056
$415.1K
Market Conditions
NOI Build-Up for 2,153 SF
Gross rent
$65.9K $30.60/SF
− Vacancy
−$16.1K −$7.47/SF
EGI
$49.8K $23.13/SF
− OpEx
−$12.5K −$5.78/SF
NOI
$37.4K $17.35/SF
Area
Maricopa County, AZ
Vacancy
24.40%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,100
Cap Rate 7%
$533,643
Cap Rate 9%
$415,056
Alternative Uses
Best Use
Office B
$533.6K
$466.9K – $622.6K
NOI $37,355 @ 7.0% cap · market cap 4.67%
Second Best
Healthcare Medical
$434.8K
$380.5K – $507.3K
NOI $30,437 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$666.0K
$582.7K – $777.0K
NOI $46,619 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85086, AZ
43,223
Population
17,213
Households
2.5
Avg Household Size
45
Median Age
42%
College-Educated
97%
High-School Grad
61.3 sq mi
ZIP Area
705
Density / Sq Mi
$118,543
Median Household Income
$62,626
Median Earnings
$2,177
Median Rent
$554,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Office/Medical condo available for sale in Anthem, Arizona.
Where is this medical office space located?
The property is located at 42104 N Venture Dr Bldg D Ste 114 Anthem, AZ.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Office/Medical Condo available for sale.; Located in Anthem, AZ.; Situated at Anthem Dr and Venture.
