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    3930 Ray Rd Phoenix, AZ 85044

    Sponsored
    For Lease
    $23 SF/Yr

    Phoenix Office Building, 1 Space Available

    Lot size:
    41,084 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Phoenix office space, located within the Foothills Center at 3930 E Ray Rd, 85044, offers 1,567 square feet of high-end, first-floor office/medical space. The building, a Class B property totaling 41,084 square feet, underwent renovations in 2022 and boasts a desirable location in Ahwatukee. The space features a modern build-out, ready for immediate occupancy. The Foothills Center provides ample covered and surface parking for tenants and visitors. Common areas include a striking lobby/atrium entrance and well-maintained restrooms. The property sits on a 2.85-acre lot and is zoned C-2, Phoenix. Built in 1998, this property offers a blend of established infrastructure and recent upgrades. With only this one space remaining, this presents a unique opportunity to secure prime office space in a thriving Phoenix neighborhood. The Maricopa County location offers easy access to major transportation routes and local amenities. The property's APN is 306-04-115. Currently, 2,634 square feet of the building is vacant. This is a multi-tenant building.

    Property Features for 3930 Ray Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    41,084 SF
    Class
    B
    Total Rate
    78744.33

    Building Details

    Year Built/Renovated
    1998/2022

    Unit(s) available at that property

    Space
    Suite 160
    Size
    1,567 SF
    Rate per SF
    $23

    HighLights

    • High‑end, second‑generation office/medical space available for lease.
    • Immediately available.
    • Professionally managed building.
    • Prime Ahwatukee location.
    • Excellent I‑10 freeway access.
    • Minutes from Ahwatukee Foothills Towne Center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Karthik Ramanan Mental Health Service Cardinal Financial Company, ... Financial Consultant Kendall Glover-Cardinal Financial ... Mortgage Lender David Whitlach-Cardinal Financial ... Mortgage Lender Kim Zuik-Cardinal Financial ... Mortgage Lender

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9880199
    Latitude
    33.3211123

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    FAQs

    What type of property is this?
    Medical office - Phoenix Office Building, 1 Space Available
    Where is this medical office located?
    The property is located at 3930 Ray Rd Phoenix, AZ.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: High-end, second-generation office/medical space available for lease.; Immediately available.; Professionally managed building.
    Request Owner's contact information
    3930 Ray Rd Phoenix, AZ 85044
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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
    3930 Ray Rd Phoenix, AZ 85044
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