342 Thomas Rd Phoenix, AZ 85012-3202
This exceptional 1,667 square foot single-tenant office building is ideally situated in Phoenix's Midtown submarket, at 342 E Thomas Road, near the intersection of 7th Street and Thomas Road. Built in 1965 and extensively renovated in 2023, this Class B property offers a unique blend of traditional and creative office space, perfect for a variety of businesses. The building features an open wood truss ceiling, a dedicated break area, and a restroom. Abundant natural light floods the space, creating a bright and inviting atmosphere. The property is highly customizable, allowing tenants to tailor the space to their specific needs. Convenient pull-up parking is readily available, and prominent building signage on Thomas Road ensures excellent visibility. The zoning is R-5,CO. The building boasts approximately 2.4 parking spaces per 1,000 square feet. A new restaurant is slated to open on-site soon, adding further convenience and amenity value. This one-story building presents a fantastic opportunity for businesses seeking a modern, well-located office space in a thriving Phoenix neighborhood. The entire 1,667 square feet is currently vacant and ready for immediate occupancy.
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The Cultural Cup Food Bank Food Bank Charitable Organization
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-5 · Phoenix, AZThe 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
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.