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Property profile & analytics
FOR LEASE
Parking lots & garages

3101 N Central Ave Phoenix, AZ 85012

176,305 SF 2.85 ac lot Built 1980
Entity Owned 9-yr Hold Absentee Owner Free & Clear
Property ID
US07-0028474
Property summary
AI-generated overview

This exceptional 1,663 square foot office suite, located at 3101 N Central Ave, Suite 0302, Phoenix, AZ 85012, presents a fantastic sublease opportunity. Situated in Maricopa County, this single-tenant space offers a highly functional layout perfect for a variety of businesses. The suite boasts four private offices, providing ample space for individual work and team collaboration. A dedicated conference room ensures seamless meetings and presentations, while two workstations offer additional workspace flexibility. The property includes convenient surface and garage parking options, ensuring easy access for employees and clients. Existing furniture, fixtures, and equipment (FF&E) are available, potentially saving significant setup costs for the incoming tenant. The lease term extends until July 1, 2026, offering a solid timeframe for business growth and stability. This is a remarkable opportunity to secure a well-appointed office space in a desirable Phoenix location. The property is classified as a Traditional Office space and is easily accessible given its location. This sublease provides a cost-effective entry point into a thriving business environment. Don't miss this chance to establish your business in this prime Phoenix location.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1980
Construction CONCRETE
Total area 176,305 SF
Lot 2.85 ac (124,205 SF)
Zoning code C-2
APN 118-34-108B
UPID US07-0028474
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
  • Rafael Tirado & Associates Law Firm
  • Law Offices of Robert Arentz Law Firm
  • Hammerman & Hultgren Law Firm
  • Charles F. Myers, P.A. Law Firm
  • Smith & Green, Attorneys at Law, P.L.L.C. Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$109.92M
Blend (final) Blend
$107.91M
Owner & transaction history
3101 N Central LLC · 9 yrs held
3101 N Central LLC
since 2017
5 recorded transactions
2018
Price N/A
2017
$26.0M
2012
$20.0M
2006
$47.5M
2005
Price N/A
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $122.8M +105.3%
Restaurant $94.2M +57.4%
Auto repair, garage $74.5M +24.6%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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