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Bldg 7 15255 N 40th St

5,270 SF 95% Leased Office Building Phoenix, AZ 85032 $549,000 ($104.17/SF) 7.45% Cap Rate

EXECUTIVE SUMMARY

Commercial office space for sale, totaling 1,576 square feet and divided into two suites. One suite is currently rented for $1,800 per month, providing immediate rental income, while the second suite is vacant and available for rent. The property features a shared bathroom and includes two covered parking spots. This office space is an excellent investment opportunity and is available for purchase immediately.
The rented suite was recently renovated and features a brand-new AC unit, ensuring a modern and comfortable workspace for the tenant.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,270 SF
Building Class
C
Year Built/Renovated
2006/2024
Price
$549,000
Price Per SF
$104.17
Cap Rate
7.45%
NOI
$40,901
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,270 SF
Building FAR
1.01
Lot Size
0.12 AC
Zoning
C-1 - Commercial
Parking
20 Spaces (3.8 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 155
  • 788 SF
  • Office
  • -
  • Now

Prime Office Space for Lease – Ideal for Small Businesses & Professionals Discover a beautiful and functional office space perfect for small businesses, startups, or professionals such as consultants, insurance agencies, and freelancers. This office features a spacious layout, great natural lighting, and a convenient shared bathroom, making it both practical and comfortable. Located in a desirable area, it offers easy access for clients and employees alike. Plus, it’s available immediately, allowing you to move in and start working right away. Don’t miss this excellent opportunity to establish or expand your business in a well-maintained, professional setting. Contact us today to schedule a viewing! Property is also available for sale.

Space Size Space Use Condition Available
1st Fl-Ste 155 788 SF Office - Now

1st Fl-Ste 155

Size
788 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 155

Size 788 SF
Space Use Office
Condition -
Available Now

Prime Office Space for Lease – Ideal for Small Businesses & Professionals Discover a beautiful and functional office space perfect for small businesses, startups, or professionals such as consultants, insurance agencies, and freelancers. This office features a spacious layout, great natural lighting, and a convenient shared bathroom, making it both practical and comfortable. Located in a desirable area, it offers easy access for clients and employees alike. Plus, it’s available immediately, allowing you to move in and start working right away. Don’t miss this excellent opportunity to establish or expand your business in a well-maintained, professional setting. Contact us today to schedule a viewing! Property is also available for sale.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 215-71-541
  • 215-71-543
  • 215-71-542
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$103,060 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
  • Listing ID: 34674050

  • Date on Market: 1/31/2025

  • Last Updated:

  • Address: 15255 N 40th St, Phoenix, AZ 85032

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