Entity Owned Property summary
This exceptional Phoenix, Arizona executive office building, the Northern Business Center, presents a compelling investment opportunity. Boasting 30,205 square feet, this Class B property is situated on a prominent hard corner at a signalized intersection on Northern Avenue, offering excellent visibility and accessibility. Built in 2000, the building features timeless modern architecture and benefits from a low cost of occupancy due to an assumable loan with a low interest rate extending to November 2027 and existing tenant income. The property includes ample parking, providing 4.2 spaces per 1,000 square feet, with a total of 110 stalls, 80 of which are covered. Convenient freeway access is just two blocks away from I-17. Monument signage on Northern Avenue provides excellent tenant identity. The asking price is $4,250,000, translating to $140.71 per square foot. This property offers a unique blend of strong location, attractive financing, and existing income stream, making it an ideal acquisition for owner-users or investors seeking a stable, high-visibility asset in a thriving Phoenix market.
Property profile
VerifiedCap rate & NOI
Current use
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Civil Engineer
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Business Management Consultant
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High School
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Association / Organization
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose of C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby residential uses
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-O · Phoenix, AZThe purpose of C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby residential uses
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purpose of C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby residential uses
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-O in Phoenix, AZ.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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