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Property profile

11225 28th Dr Phoenix, AZ 85029

OFF-MARKET
Commercial real estate
Property ID
US07-3267640
View Sample
3.6 ac lot
Individually Owned 13-yr Hold Absentee Owner Free & Clear

Property summary

AI-generated overview

Lakeside Center, located at 11225 N 28th Dr, Phoenix, AZ 85029, offers exceptional office space in the Glendale, North Phoenix submarket. This Class B building, totaling 135,501 square feet, underwent renovations in 2013 and boasts a resort-style environment with lush landscaping and fountain courtyards. Currently, there are 25,164 square feet of vacant space available, divisible into units as small as 73 square feet and up to a contiguous 8,407 square feet. The building features a two-story design and was originally constructed in 1982. Tenants benefit from a range of amenities including free space planning assistance, access to a tenant app via the website, an on-site deli, and dedicated maintenance and property management staff. The property is ideal for businesses seeking flexible and affordable office solutions in a professionally managed and attractive setting. The building accommodates multiple tenants and offers a variety of configurations to suit diverse business needs. This location provides easy access to major transportation routes and is situated within a vibrant and thriving commercial area.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 3.6 ac (156,685 SF)
Zoning code C-T
APN 149-17-145
UPID US07-3267640

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store Distribution Center
  • Real Estate Agency
  • Law Firm Financial Advisor
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Counselor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

Zoning & alternative use

C-T · Phoenix, AZ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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