$999,000
Phoenix, AZ 85032
MLS# 7008299
1 / 38
Property Description
🏢 Prime Office Opportunity - Investment 🏷️ Retail / C-T, R-O Zoning 🚗 Ample Parking + Corner Lot 📝 Leased till Oct 2028 💰 Cash Flow 💡 Located in a high-growth corridor with strong traffic counts and excellent visibility. Ideal for service related industry or medical. 📈 Perfect for an investor looking for cash flow.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $999,000
List Price: $999,000
Status: Active
List Date: 2026-04-02
Location, Tax & Legal
Assessor's Map #: 33
Legal Description (Abbrev): BELL ACRES MCR 43-4 LOT 1 E 160F OF N 88.5F 0F NE4 OF LOT 1 EX E 7F & EX PT P/D 86-418083
Assessor's Parcel #: 3
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103303
Taxes: 8303
Legal: BELL ACRES MCR 43-4 LOT 1 E 160F OF N 88.5F 0F NE4 OF LOT 1 EX E 7F & EX PT P/D 86-418083
Marketing Name: North Phoenix Office
House Number: 16448
Compass: N
Street Name: 40TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 3304
County Code: Maricopa
Subdivision: BELL ACRES
Assessor Number: 214-33-003-A
Tax Year: 2025
General Property Description
Type of Property: Office
Ttl Apx SqFt Bldg: 3154
Ttl Apx Net Rnt Spc: 3145
# of Buildings: 1
Uncvrd Parking Spcs: 8
Stories: 2
Flood Zone: No
Year Built: 2001
Zoning: CT, R-O
Currently Not Used
Sold Price Per SqFt: 316.74
Legal Info
Range: 3E
Section: 1
Township: 3N
Lot Number: 1
Construction
Metal: 1
Wood Frame: 1
Roofing
Tile: 1
Floors
Concrete: 1
Ceramic Tile: 1
Income & Expenses
Annual Ins Exp: 4000
Owner Association: No
Annual Ownr Asoc Fee: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 80340
Building Type
Commercial: 1
Office: 1
Business Type
Professional/Office: 1
Other: 1
See Remarks: 1
Pmt & Rate Info
Cap Rate: 6.81
Equity: 999000
Total Owed: 0
Showing Notification Methods
Showing Service: Non-MLS Showing Service - See Private Remarks
Text: 1
Lockbox Type
Other: 1
Ceiling Height
10.1 Feet to 12 Feet: 1
Heating
Electric: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Smoke Detector(s): 1
Security System: 1
Alarm System: 1
Private Restrooms: 1
Loading Facilities
None: 1
Road Surface Type
Asphalt: 1
Exterior
Corner Lot: 1
Dual Street Ftg: 1
Landscaping: 1
Building Sign: 1
Security Light(s): 1
Source of Fincl Data
Owner: 1
Traffic Count
35,001 to 50,000: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Freeway/Highway
Up to 1 Mile: 1
Building Features
Conference Room: 1
Reception Room: 1
Kitchen: 1
Computer Room: 1
LAN Compatible Copr: 1
Fiber Optic Availble: 1
Showers - Office: 1
Sewer
Sewer - Public: 1
Parking Features
Private: 1
Electric
APS: 1
Gas
Other (See Remarks): 1
New Financing
Lease Purchase: 1
Cash to Loan: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Remarks Misc
Cross Street: Bell Rd & 40th Street
Directions: S on 40th St to property on west side.
Geo Lat: 33.636869
Geo Lon: -111.996512
Income Expenses
Gross Annual Sch Inc: 80340
Net Operating Income: 68037
Property Features
Building Type: Commercial; Office
Business Type: Professional/Office; Other; See Remarks
Construction: Metal; Wood Frame
Roofing: Tile
Floors: Concrete; Ceramic Tile
Ceiling Height: 10.1 Feet to 12 Feet
Cooling: Central Air
Loading Facilities: None
Interior Features: Finished; Smoke Detector(s); Security System; Alarm System; Private Restrooms
Exterior: Corner Lot; Dual Street Ftg; Landscaping; Building Sign; Security Light(s)
Fencing: Block
Building Features: Conference Room; Reception Room; Kitchen; Computer Room; LAN Compatible Copr; Fiber Optic Availble; Showers - Office
Parking Features: Private
Electric: APS
Gas: Other (See Remarks)
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Lease Purchase; Cash to Loan
Showing Notification Methods: Text
Lockbox Type: Other
Source of Fincl Data: Owner
Road Surface Type: Asphalt
Traffic Count: 35,001 to 50,000
Environmental: None
Listing Office: Realty of America LLC
Last Updated: April - 03 - 2026
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