1530 Indian School RdPhoenix, AZ 85015

Property Details for 1530 Indian School Rd

Year built

1969

Construction

CONCRETE

Lot size

0.22 AC

Property size (Sq ft)

2,610 SF

Zone code

R-5

Property type

Office properties

Property subtype

Office buildings

APN

155-48-122

APU

15548122

Description

This exceptional 2,610 square foot freestanding executive office building presents a unique investment opportunity in the heart of Phoenix, Arizona. Located at 1530 W Indian School Rd, 85015, this single-tenant property boasts a convenient location with easy access to the I-17 Freeway. Built in 1969, the building is classified as Class C and sits on a parcel with APN 155-48-122, zoned R-5 by the City of Phoenix. The property features a gray shell condition, providing a blank canvas for customization to suit a variety of business needs. Security is enhanced by gated access, offering peace of mind for occupants. Ample covered parking is available, providing a 4.98 spaces per 1,000 square feet ratio. The asking price for this turnkey property is $750,000. This represents a compelling opportunity to acquire a well-situated, single-tenant office building in a thriving Phoenix market. The property's strategic location and ample parking make it an attractive option for businesses seeking a prominent presence in a high-traffic area. The existing gray shell condition allows for significant flexibility in design and build-out, catering to diverse business requirements. This is a rare chance to own a well-positioned commercial property in a desirable area of Phoenix.

• CAP approach

  CAP return

  Valuation

  6%

  $576,696

  6.5%

  $532,335

  7%

  $494,311

• Comparable approach

  Method

  Valuation

  Relative Method

  $402,332

  Geo Method

  $402,332

• Alternative Use

  Use

  Valuation

  Residential

  $660,095

  Hospitality

  $604,643

  Educational

  $503,056

  Medical

  $520,357

  Retail

  $782,532

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4952

Longitude

-112.093

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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