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Property profile & analytics
OFF-MARKET Estimated value $4,100,000
Warehouses

555 Turney Ave Phoenix, AZ 85013-2945

24,210 SF 0.81 ac lot Built 1977
Entity Owned 8-yr Hold Absentee Owner Free & Clear
Property ID
US07-1310119
Property summary
AI-generated overview

This exceptional 24,210-square-foot executive office building in Phoenix, Arizona, presents a unique owner/user investment opportunity. Located at 555 W Turney Ave, 85013, this two-story building boasts a modern design and was renovated in 2021. The asking price is $7,141,950, translating to $295 per square foot. The property features a flexible layout facilitated by modular glass walls, allowing for easy and cost-effective floorplan adjustments. A raised concrete flooring system offers similar adaptability for HVAC, electrical, and plumbing. Energy-efficient features include a clean air HVAC system, abundant natural light from glass-lined windows and skylights, supplemented by low-energy LED lighting. Amenities include a full kitchen, elevator service, lockers with showers, an outdoor terrace, private offices, conference rooms, phone booths, mindfulness rooms, and a podcast studio. The property is offered with a NNN lease type. This meticulously designed space caters to the modern professional, offering a sleek and elegant workplace. This is a rare opportunity to acquire a high-quality, well-appointed executive office building in a desirable Phoenix location.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1977
Construction CONCRETE
Total area 24,210 SF
Lot 0.81 ac (35,173 SF)
Zoning code C-2
APN 155-33-044E
UPID US07-1310119
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
  • Forward Loans :: PHX Loan Service Bank
  • CoOperate Melrose Coworking & Hybrid Office
  • The Material Collective Big Box & Wholesale Store Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.16M
Blend (final) Blend
$4.10M
Owner & transaction history
Hfi-phx2 LLC · 8 yrs held
Hfi-phx2 LLC
since 2018
7 recorded transactions
2019
Price N/A
2018
$1.5M
2016
$831,438
2016
$760,000
1994
$275,000
1992
$130,000
1969
Price N/A
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district

Zone name Intermediate Commercial
General category COMMERCIAL
Zone area 13,095.06 ac
Source Realmo
Top alternative use upside
Medical building $6.4M +2.3%
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