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Property profile & analytics
FOR LEASE
Office buildings
2411 W Northern Ave Phoenix, AZ 85021
Entity Owned
9-yr Hold
Free & Clear
Property ID
US07-2650951
For Lease
1 / 46
$24 SF/Yr
2411 W Northern Ave, Phoenix, AZ 85021
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Property summary
AI-generated overview
This exceptional Phoenix executive office space, located at 2411 W Northern Ave, offers four available suites within a Class B, multi-tenant building totaling 15,434 square feet. Built in 1983, the property boasts a desirable location in Maricopa County, Arizona, just east of Interstate 17 along Northern Avenue. The building features excellent visibility with nearly 35,000 vehicles passing daily. Individual suites range from a minimum of 1,019 square feet to a maximum contiguous space of 1,409 square feet, providing flexibility for various business needs. Currently, 4,643 square feet of space is vacant. The property's strategic location provides easy access to a variety of retail and business amenities, making it an ideal location for businesses seeking a convenient and highly visible presence in the Phoenix market. The zip code is 85021. This is a fantastic opportunity to secure office space in a well-established and thriving area.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
STEEL FRAME
Total area
15,434 SF
Lot
0.98 ac (42,692 SF)
Zoning code
C-2
APN
157-28-005C
UPID
US07-2650951
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Highway To Safe Driving Training Center Vocational School
-
HEIDI MARIE THOMPSON Physician
-
Dr. Scott Havens Physician
-
Section 369 Barber Shop
-
elevation certificates General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.58M
Blend (final)
Blend
$3.55M
Owner & transaction history
Century City Invs LLC · 9 yrs held
Century City Invs LLC
since 2017
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,590,000
Current use
RETAIL STORES
$4,600,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$3.55M
Range $3.20M – $3.91M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$230 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$33,723
Tax year 2023
Assessed value
$303,996
Assessed 2024
Previous assessed
$303,996
+0.0% YoY
Effective rate
11.09%
On assessed value
Land market value
$361,000
Improvement market value
$1,481,400
Total market value
$1,842,400
Applied tax rate
61,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1983
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
2
Total area
15,434 SF
Lot
0.98 ac (42,692 SF)
Zoning code
C-2
APN
157-28-005C
UPID
US07-2650951
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-2 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.6M
RETAIL STORES
Est. value
$4.6M
OFFICE BUILDING Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.98 ac
Current owner
From public records · entity-resolved
Century City Invs LLC
Entity
Free & Clear · 9 yrs held
Mailing address
8120 E DEL CAPITAN DR, SCOTTSDALE, AZ 85258-2332
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2017
$760,500
Century City Invs LLC
Tsui Family LLP 1
Grant Deed
—
Jul 7, 2005
—
LLP 1 Tsui
Tsui,raymond K
Quit Claim Deed
related
—
Sep 20, 2004
$1,380,000
Raymond K Tsui
Buta,philip J & Karen J
Grant Deed
$585,000 · Sonoma National Bank
Nov 5, 1993
$500,000
Philip J Buta
Jcl Holdings LLC
Grant Deed
$440,000 · Seller Carry Back
Apr 6, 1993
$300,000
Jcl,holdings LLC
B B Real Estate
Grant Deed
related
—
—
—
Philip J Buta
—
Deed Of Trust
related
$89,514 · Paradise Vlly Silver Trowell
—
—
Philip J Nuta
—
Deed Of Trust
related
$600,000 · Highland Federal Bank
—
—
Philip J Buta
—
Deed Of Trust
related
$81,600 · Vollenhals Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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