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1201 E Thomas Rd 20,286 SF Office Building Phoenix, AZ 85014 $4,665,780 ($230/SF)
INVESTMENT HIGHLIGHTS
- Owner User opportunity in the Heart of Midtown - Entire 2nd Level is available -10,143 SF
- Currently the Building is Property Tax Exempt (estimated 2025 Tax $28,734 annually)
- Occupancy: 50%
- 100% of the First Floor is Occupied - $140,941 annual income
- Parking: 4.64/1,000 sf Covered and Open Surface
- Nearby major institutions: Within a 2-mile radius are major medical centers like Abrazo Heart, Phoenix Children’s, St. Joseph’s, and Banner University
EXECUTIVE SUMMARY
Exceptional Owner/User Opportunity in Midtown Phoenix
Abundant on-site parking ensures easy access for employees, clients, and visitors alike. Across the street from Phx Country Club and North High School.
Fully occupied First Floor with Annual Income in 2025 of $140,941 at time of sale.
Position your business in the heart of Midtown Phoenix at 1201 E Thomas Road — a striking, two-story multi-tenant office building offering excellent visibility and modern functionality.
Located along busy Thomas Road, this corner property provides prominent street exposure, easy access, and proximity to top medical, professional, and lifestyle amenities.
Up to ± 10,143 SF available for occupancy, making this an ideal fit for an owner/user looking to control their environment while benefiting from rental income potential.
Abundant on-site parking ensures easy access for employees, clients, and visitors alike. Across the street from Phx Country Club and North High School.
Fully occupied First Floor with Annual Income in 2025 of $140,941 at time of sale.
Position your business in the heart of Midtown Phoenix at 1201 E Thomas Road — a striking, two-story multi-tenant office building offering excellent visibility and modern functionality.
Located along busy Thomas Road, this corner property provides prominent street exposure, easy access, and proximity to top medical, professional, and lifestyle amenities.
Up to ± 10,143 SF available for occupancy, making this an ideal fit for an owner/user looking to control their environment while benefiting from rental income potential.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Building Size
20,286 SF
Building Class
C
Year Built
2001
Price
$4,665,780
Price Per SF
$230
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,143 SF
Building FAR
0.52
Lot Size
0.89 AC
Opportunity Zone
Yes
Zoning
C-2
Parking
20 Spaces (0.99 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 117-21-144 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $339,751 |
PROPERTY TAXES
Parcel Number
117-21-144
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$339,751
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1201 E Thomas Rd
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