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2601 E Thomas Rd Phoenix, AZ 85016

Office buildings Google Maps
36,367 SF 1.71 ac lot Built 1986
Individually Owned 21-yr Hold ~ Est. High Equity
Estimated value (blended)
$2.06M
Range $1.85M – $2.26M (±10%)
Property ID US07-1041690

Property summary

AI-generated overview

This Phoenix, Arizona creative office complex at 2601 E Thomas Rd, zip code 85016, offers multiple tenancy options in a beautifully landscaped setting. The property boasts an elegant lobby and comprises a total of 9,551 square feet, divided into two suites. Currently, 3,706 square feet of space is available, with individual suites ranging from a minimum of 1,327 square feet to a maximum contiguous space of 2,379 square feet. Located in Maricopa County, this property presents an excellent opportunity for businesses seeking modern, attractive office space in a desirable location. The building's design caters to creative businesses, offering a professional and inspiring work environment. The available space is ideal for companies needing flexible and adaptable layouts. Interested parties are encouraged to inquire about lease terms and availability. This prime location offers easy access to major transportation routes and amenities, making it a convenient and attractive option for employees and clients alike. The property's attractive exterior and well-maintained landscaping contribute to a positive and productive work environment.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1986
Construction STEEL FRAME
Total area 36,367 SF
Lot 1.71 ac (74,662 SF)
Zoning code C-O
APN 120-34-025C
UPID US07-1041690

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
  • Home Health Care Service
  • Medical Clinic
  • Crisis Center Medical Clinic
  • Accounting Firm Tax Preparation
  • Consultant Property Management Company

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.94M
Blend (final) Blend
$2.06M

Owner & transaction history

since 2005
7 recorded transactions
2020
Price N/A
2020
Price N/A
2005
$2.1M
1998
$3.0M
1996
$1.9M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-O · Phoenix, AZ
Zoning description

The purpose of C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby residential uses

General category COMMERCIAL
Top alternative use upside
Retail stores $10.1M +6.6%
Medical building $9.7M +2.1%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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