8222 48Th St Phoenix, AZ 85044
- Office buildings
- 117,345 SF
- 5.49 lot acres
Current Use by Public Records
- Donald & Sons Water Heaters LLC / Plumber
- Lead Waves / Website Designer / Business To Business Service
- C Myers Corporation / Financial Planner
- Phoenix Weed Dispensary & Delivery / Cannabis Store
- Right Path Treatment Center / Mental Health Service
Property Details for 8222 48Th St
- Year built
- 1989
- Construction
- CONCRETE
- Lot size
- 5.49 lot acres
- Property size
- 117,345 SF
- Zone code
- C-O
- Property type
- Office buildings
- APN
- 301-14-040F
- APU
- 30114040F
Description
This exceptional Class B office building, located at 8222 S 48th Street in Phoenix, Arizona, offers 110,187 square feet of versatile executive office space. The property boasts a highly desirable location, directly adjacent to the Arizona Grand Golf Course and South Mountain Reserve Park, providing tenants with tranquil views and a peaceful work environment. The building is conveniently situated near the I-10 Freeway, offering easy access to Sky Harbor International Airport and a wide array of retail and dining options. Multiple tenancy is available, with spaces ranging from a minimum of 967 square feet to a maximum contiguous space of 14,709 square feet. Currently, there are 40,585 square feet of vacant space ready for immediate occupancy. This presents a unique opportunity for businesses seeking flexible and well-located office solutions in the thriving Phoenix market. The building is situated in Maricopa County, Arizona, and has a zip code of 85044. The property's convenient access to major transportation routes and amenities makes it an ideal location for businesses of all sizes. This is a rare opportunity to secure prime office space in a highly sought-after area of Phoenix.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $22,975,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $16,175,000
- 6.5%
- $18,230,000
- 7%
- $16,955,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $16,890,000
- Geo Method
- $13,540,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $17,875,000
- Retail
- $16,950,000
- Mixed-Use
- $15,255,000
- Hospitality
- $14,010,000
- Educational
- $16,405,000
- Residential Income
- $15,240,000
- Energy
- $16,470,000
- Income-Based Land
- $15,250,000
- Food Service
- $16,185,000
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.976
- Latitude
- 33.372
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
