2944 44Th StPhoenix, AZ 85018

Property Details for 2944 44Th St

Year built

2000

Construction

CONCRETE

Lot size

1.78 AC

Property size (Sq ft)

29,113 SF

Zone code

C-O/G-O

Property type

Office buildings

APN

127-13-107

APU

12713107

Description

This exceptional Phoenix office building, located at 2944 N 44th St, offers a unique opportunity for businesses seeking creative office space. The property, situated on a 1.78-acre lot, boasts a total of 28,312 square feet across two stories in a Class B building constructed in 1999. Multiple tenancy options are available, with spaces ranging from a minimum of 2,154 square feet to a maximum contiguous space of 3,647 square feet. Currently, 8,436 square feet of space is vacant and ready for immediate occupancy. The building features convenient amenities including one elevator and ample surface parking with 55 spaces (a ratio of 4.13 spaces per 1000 square feet). The property is zoned C-O by the City of Phoenix and is conveniently located near Thomas Rd in Maricopa County, AZ, with the zip code 85018. This single-building property presents a versatile solution for businesses of various sizes seeking a well-maintained and conveniently located office space in a thriving Phoenix neighborhood. The property's creative office subtype makes it ideal for companies seeking a modern and inspiring work environment. The ample parking and convenient location add to the overall appeal of this exceptional offering.

• CAP approach

  CAP return

  Valuation

  6%

  $8,015,758

  6.5%

  $7,399,161

  7%

  $6,870,650

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,487,769

  Geo Method

  $4,487,769

• Alternative Use

  Use

  Valuation

  Residential

  $9,174,960

  Hospitality

  $8,404,214

  Educational

  $6,992,208

  Medical

  $7,232,680

  Retail

  $10,876,767

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4816

Longitude

-111.988

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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