4331 12Th StPhoenix, AZ 85014

Property Details for 4331 12Th St

Year built

1973

Construction

STEEL FRAME

Lot size

0.18 AC

Property size (Sq ft)

2,101 SF

Zone code

R-5

Property type

Office buildings

APN

155-06-021A

APU

15506021A

Description

The Doyle Building, a meticulously renovated (2022) 2,170 square foot single-story office building in Phoenix, Arizona, presents a unique investment opportunity. Situated on a 7,793 square foot lot at 4331 N 12th St, 85014, this property boasts a desirable Midtown Phoenix location, within easy reach of Camelback Road, the Camelback Corridor, Downtown Phoenix, Sky Harbor International Airport, and the SR-51 Freeway. Built in 1973 and designed by award-winning architect Gerald A. Doyle, the building features a mid-century modern aesthetic. Currently configured as three suites, the property offers flexible space options, with a minimum divisible space of 500 square feet and a maximum contiguous space of 2,170 square feet. Tenants have access to 10 surface parking spaces. Suite 101 comprises 3 private offices, a lobby, kitchen, flex room, restroom, and a large conference/lounge area. Suites 102 & 103, totaling 910 square feet, each include two offices, a private restroom, and storage. Utilities (electric, phone, TV, and internet) are tenant-paid. The property is zoned R-5, Phoenix, and its APN is 155-06-021-A. Currently 100% leased, this property offers a strong return on investment with potential for future growth in a thriving Phoenix submarket. The building's versatile layout makes it suitable for various office uses, including traditional, executive, creative, and medical offices.

• CAP approach

  CAP return

  Valuation

  6%

  $464,229

  6.5%

  $428,519

  7%

  $397,911

• Comparable approach

  Method

  Valuation

  Relative Method

  $323,869

  Geo Method

  $323,869

• Alternative Use

  Use

  Valuation

  Residential

  $531,364

  Hospitality

  $486,726

  Educational

  $404,951

  Medical

  $418,877

  Retail

  $629,923

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4994

Longitude

-112.056

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].