Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5800 19Th Ave Phoenix, AZ 85015
    Back to Search
    Property profile & analytics

    5800 19Th Ave Phoenix, AZ 85015

    View on Map
    • Office properties & Spaces
    • 15,192 SF
    • 0.89 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Omega Counseling / Counselor
    • Elite Staffing Services LLC / Employment Agency
    • International Hair Salon / Barber Shop
    • The Chicago Hair Barbie / Hair Salon
    • MFAS Arts / (Bike/Boat/Book/etc) Store

    Property Details for 5800 19Th Ave

    Year built
    1959
    Lot size
    0.89 lot acres
    Property size
    15,192 SF
    Property type
    Office properties & Spaces

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.1
    Latitude
    33.5224

    Comparable in this City

    • Value Estimation by Request
      26,515 SF

      1951 Camelback Rd

      Office properties & Spaces • 26,515 SF
      1951 Camelback Rd, Phoenix, AZ 85015
      View Details
    • Value Estimation by Request
      15,162 SF

      5800 19Th Ave

      Office properties & Spaces • 15,162 SF
      5800 19Th Ave, Phoenix, AZ 85015
      View Details
    • Value Estimation by Request

      5060 19Th Ave

      Office properties & Spaces
      5060 19Th Ave, Phoenix, AZ 85015
      View Details
    • Value Estimation by Request

      2206 Indian School Rd

      Office properties & Spaces
      2206 Indian School Rd, Phoenix, AZ 85015
      View Details
    • Value Estimation by Request
      54,776 SF

      5060 19Th Ave

      Office properties & Spaces • 54,776 SF
      5060 19Th Ave, Phoenix, AZ 85015
      View Details
    • Value Estimation by Request
      845,833 SF

      19Th Ave

      Restaurants • 845,833 SF
      0 19Th Ave, Phoenix, AZ 85015
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,822 SF

      Freestanding Building Ideal for Medical

      Freestanding 1,822 SF building suitable for medical or office use.
      4250 N 19Th Ave, Phoenix, AZ 85015
      View Details
    • Contact for pricing
      10,310 SF

      Freestanding Buildings with Gated Storage

      Two freestanding buildings with gated storage and fenced parking.
      4023-4033 N 19Th Ave, Phoenix, AZ 85015
      View Details
    • $950,000
      2,843 SF

      Versatile Commercial Space with Suites

      Adaptable commercial property with suites, ideal for various businesses.
      6721 N Black Canyon Hwy, Phoenix, AZ 85015
      View Details
    • Contact for pricing
      1,811 SF

      Phoenix Office Building For Sale

      Office building with high visibility and strong traffic counts.
      2204-2206 W Indian School Rd, Phoenix, AZ 85015
      View Details
    • Contact for pricing
      6,502 SF

      Prime Camelback Corridor Location

      Highly visible retail/creative space near AZ-51, CBD & Sky Harbor.
      1934 E Camelback Rd, Phoenix, AZ 85015
      View Details
    • Contact for pricing
      3,268 SF

      Phoenix Office Space Available

      Office space with recent upgrades, convenient location, and amenities.
      4411 N 19Th Ave, Phoenix, AZ 85015
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Phoenix Office Space For Lease

      Office space available for lease at Thomas Rd & 19th Ave.
      3120 N 19Th Ave, Phoenix, AZ 85015
      View Details
    • Contact for pricing

      Four-Story Office Building For Rent

      High-quality office building with lease-ready suites available for rent.
      1990 W Camelback Rd, Phoenix, AZ 85015
      View Details
    • $17 SF/Yr
      2,775 SF

      Medical Office Suite For Lease

      Medical office suite available near I-17 and Grand Canyon University.
      2236 W Bethany Home Rd, Phoenix, AZ 85015
      View Details
    • Contact for pricing
      13,708 SF

      Furnished Office Space Available

      Furnished office space with private offices, break room, and parking.
      2005 E Indian School Rd, Phoenix, AZ 85015
      View Details
    • Contact for pricing

      Medical Office Space in Phoenix

      Medical office space for lease within Abrazo Central Campus.
      6036 N 19Th Ave, Phoenix, AZ 85015
      View Details
    • $12 SF/Yr

      Phoenix Office Space For Lease

      Move-in ready office suites with easy access to Phoenix amenities.
      3120 N 19Th Ave, Phoenix, AZ 85015
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5800 19Th Ave
    Phoenix, AZ 85015
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5800 19Th Ave, Phoenix, AZ, 85015
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!