42104 Venture Dr Bldg DNew River, AZ 85086

Property Details for 42104 Venture Dr Bldg D

Year built

2003

Construction

CONCRETE

Lot size

0.00 AC

Property size (Sq ft)

6,839 SF

Zone code

C-2

Property type

Office buildings

APN

203-03-546

APU

20303546

Description

This exceptional 2,153-square-foot medical office condo, located at 42104 N Venture Dr, Bldg D, Ste 114, New River, AZ 85086, presents a fantastic investment opportunity. Situated in a Class B building constructed in 2004, this vacant space is ideally suited for a variety of medical practices. The asking price is $860,000, translating to $399 per square foot. The property features a convenient net-net-net (NNN) lease structure. Zoned C-2, it offers ample parking with a 4.5 spaces per 1,000 square feet ratio. The interior is already built out for office use, boasting a functional layout that includes four private offices, a conference room, two restrooms, a bullpen area, and three separate entrances. Its strategic location offers easy access to a range of amenities and enjoys high visibility due to building and monument signage. The property's convenient proximity to the I-17 Freeway ensures excellent accessibility. The Assessor's Parcel Number (APN) is 203-03-573. This turnkey medical office condo is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,096,383

  6.5%

  $1,012,046

  7%

  $939,757

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,054,232

  Geo Method

  $1,054,232

• Alternative Use

  Use

  Valuation

  Residential

  $1,254,937

  Hospitality

  $1,149,516

  Educational

  $956,384

  Medical

  $989,275

  Retail

  $1,487,708

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.8665

Longitude

-112.142

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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