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2642 Thomas Rd Phoenix, AZ 85016-8202

OFF-MARKET Office buildings Google Maps
4,889 SF 0.55 ac lot Built 1973
Entity Owned 9-yr Hold ~ Est. High Equity
Estimated value (blended)
$565k
Range $509k – $622k (±10%)
Property ID US07-3142962

Property summary

AI-generated overview

This 2,310 square foot traditional office space is available for lease at 2642 E Thomas Rd, Phoenix, AZ 85016. Located in a single-tenant building totaling 4,820 square feet, this property offers a professional and efficient layout. The space includes four private offices ideal for focused work, a modern conference room perfect for meetings and presentations, a welcoming reception area, a collaborative bullpen area, and a convenient kitchenette. Its strategic location provides easy access to major transportation arteries, including SR-51 (5 minutes west) and I-10 (south), placing it just 15 minutes from Downtown Phoenix and 10 minutes from the Biltmore district. This property is well-suited for a variety of businesses seeking a sophisticated and functional workspace in a prime Phoenix location. The building offers ample space for a growing company or a firm seeking a refined office environment. The combination of private offices and collaborative areas promotes both productivity and teamwork. This is an excellent opportunity to secure a well-appointed office space in a highly desirable area of Phoenix.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1973
Construction CONCRETE
Total area 4,889 SF
Lot 0.55 ac (23,964 SF)
Zoning code R-5
APN 119-14-012A
UPID US07-3142962

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
  • Alternative Medicine Practice
  • Law Firm
  • Nail Salon
  • Law Firm
  • Law Firm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.35M
Blend (final) Blend
$565k

Owner & transaction history

since 2016
7 recorded transactions
2023
Price N/A
2016
$535,000
2008
$850,000
2001
$125,000
2001
Price N/A
1997
$250,000
1992
Price N/A

Zoning & alternative use

R-5 · Phoenix, AZ
Zoning description

The purpose of R-5 is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple units thereon or single or attached townhomes

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $2.1M +62.5%
Retail stores $1.4M +6.6%
Medical building $1.3M +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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