Technical
Financial
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Property profile

8222 S 48Th St Phoenix, AZ 85044

FOR LEASE
Office buildings
Property ID
US07-0537401
117,345 SF 5.49 ac lot Built 1989
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class B office building, located at 8222 S 48th Street in Phoenix, Arizona, offers 110,187 square feet of versatile executive office space. The property boasts a highly desirable location, directly adjacent to the Arizona Grand Golf Course and South Mountain Reserve Park, providing tenants with tranquil views and a peaceful work environment. The building is conveniently situated near the I-10 Freeway, offering easy access to Sky Harbor International Airport and a wide array of retail and dining options. Multiple tenancy is available, with spaces ranging from a minimum of 967 square feet to a maximum contiguous space of 14,709 square feet. Currently, there are 40,585 square feet of vacant space ready for immediate occupancy. This presents a unique opportunity for businesses seeking flexible and well-located office solutions in the thriving Phoenix market. The building is situated in Maricopa County, Arizona, and has a zip code of 85044. The property's convenient access to major transportation routes and amenities makes it an ideal location for businesses of all sizes. This is a rare opportunity to secure prime office space in a highly sought-after area of Phoenix.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1989
Construction CONCRETE
Total area 117,345 SF
Lot 5.49 ac (239,349 SF)
Zoning code C-O
APN 301-14-040F
UPID US07-0537401

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
  • Plumbing Service General Contractor
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Financial Advisor
  • (Bike/Boat/Book/etc) Store
  • Crisis Center Medical Clinic

Location

8222 S 48Th St Phoenix, AZ 85044
Phoenix metro Census 116738 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$20.24M
Blend (final) Blend
$22.98M

Owner & transaction history

since 2021
Last sale
$16.6M
7 recorded transactions
2021
$16.6M
2020
Price N/A
2020
$10.2M
2017
Price N/A
2016
$4.0M
2006
Price N/A
1997
$9.4M

Zoning & alternative use

C-O · Phoenix, AZ
Zoning description

The purpose of C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby residential uses

General category COMMERCIAL
Top alternative use upside
Medical building $31.2M +58.9%
Warehouse, storage $30.5M +55.4%
Neighborhood: shopping center $29.9M +52.4%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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