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    Property profile & analytics
    OFF-MARKET Estimated value $815,000
    Medical Office Space

    5121 Central Ave, Phoenix, AZ 85012-1403

    3,444 SF 0.26 ac lot Built 1956
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US07-1363645
    Property summary
    AI-generated overview

    This exceptional 3,635 square foot office space, located at 5121 N Central Ave in Phoenix, Arizona (zip code 85012), is immediately available for lease, starting July 1st, 2024. The property is categorized as both Creative and Traditional Office space, making it suitable for a variety of business types. This single-tenant space offers a convenient and flexible solution for businesses seeking a well-equipped environment. The monthly gross rent is $3,500, which includes utilities, taxes, and insurance. While some furnishings are available, tenants are responsible for internet and janitorial services. The property's location in central Phoenix provides easy access to various amenities and transportation options. This is a retail and office property, ideal for a company seeking a dynamic and efficient workspace. The space is ready for immediate occupancy, presenting a unique opportunity for businesses seeking a short-term lease (six months minimum). This fully equipped office space offers a turnkey solution, minimizing the need for significant upfront investment in setup and infrastructure. The property is situated in a vibrant area of Phoenix, offering a blend of convenience and professional appeal. Contact us today to schedule a viewing and secure this exceptional office space.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1956
    Construction CONCRETE
    Total area 3,444 SF
    Lot 0.26 ac (11,250 SF)
    Zoning code C-2
    APN 162-20-051
    UPID US07-1363645
    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
    • Retsy, Schreck Group Real Estate Agency
    • Arnold Urias | Homebridge | Sales Manager Loan Service Bank
    • Cody Unger | Homebridge | Sales Manager, Mortgage Loan Originator Loan Service Bank
    • Gena Moley | Homebridge | Mortgage Loan Originator Loan Service Bank
    • Andy Nametz | Homebridge | Mortgage Loan Originator Loan Service Bank
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $829k
    Blend (final) Blend
    $815k
    Owner & transaction history
    5121 N Central LLC · 7 yrs held
    5121 N Central LLC
    since 2019
    4 recorded transactions
    2020
    2019
    $810,000
    2013
    $515,000
    2005
    Zoning & alternative use
    C-2 · Phoenix, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $1.0M +12.3%
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