515 Buckeye RdPhoenix, AZ 85003

Property Details for 515 Buckeye Rd

Year built

1977

Construction

CONCRETE

Lot size

1.63 AC

Property size (Sq ft)

46,088 SF

Zone code

C-2

Property type

Medical offices

Property subtype

Medical centers

APN

112-36-045H

APU

11236045H

Description

This Phoenix, Arizona medical office building, located at 515 W Buckeye Rd (7th Ave & Buckeye), offers 46,088 square feet of Class B space in a single, four-story building constructed in 1977. The property features 11 suites, ranging from a minimum of 504 square feet to a maximum contiguous space of 3,400 square feet. The building boasts a 10-foot ceiling height, ample parking with 99 spaces, and two elevators. Utilities include 600V/208A power. The property is zoned for office use and has an APN of 112 36 045H. Currently, eight spaces are available. A full-service lease is offered, with tenant improvement allowances based on lease terms. On-site security and a first-floor café add convenience. The building is centrally located near Downtown Phoenix and is also available for purchase for $10 million. Ideal for various medical and professional uses, including behavioral health, government agencies, dental, legal, surgical centers, and general professional offices.

• CAP approach

  CAP return

  Valuation

  6%

  $10,183,431

  6.5%

  $9,400,090

  7%

  $8,728,655

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,104,465

  Geo Method

  $7,104,465

• Alternative Use

  Use

  Valuation

  Residential

  $11,656,111

  Hospitality

  $10,676,935

  Educational

  $8,883,085

  Medical

  $9,188,588

  Retail

  $13,818,132

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4366

Longitude

-112.081

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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