Flex Space with Covered Work
For Sale
$547,500
1009 W BUCKEYE Road, Phoenix, AZ 85007
Industrial property combines enclosed workshop space with office and business-support areas.
Property Size2,830 SF
Price / SF$193.46
Days on Market48
Property Features for 1009 W BUCKEYE Road
General Information
Standard status
Active
Size
2,830 SF
Property subtype
Comm/industry Sale
Additional Details
Road Access
Yes
Amenities
kitchen
bathroom
multiple roll-up doors
high ceilings
concrete floors
extensive shelving
covered work areas
Listing Agency:
My Home Group Real Estate
(480) 685-2760
Listed By:
Alexander Rodenburg · License #SA679002000
(480) 292-6517
Source:
Kelliesellsaz
Added: Aug 30
Changed: Oct 3
Last Checked: Oct 16 at 8:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of My Home Group Real Estate
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Investment Insights
Based on property information with market context.
Built in 2022, this flex property centers on an enclosed workshop configured for storage, equipment, vehicles, and day-to-day business operations. The building offers multiple roll-up doors, high ceilings, concrete flooring, extensive shelving, and substantial workspace. Interior support areas include a kitchen, bathroom, and additional rooms suitable for office, storage, or other business functions.
Covered exterior work areas add room for loading, fabrication, and equipment storage, while on-site parking accommodates vehicles and trailers. The property is positioned along W Buckeye Road in Phoenix, providing a functional setting for an operation that requires enclosed workspace, support rooms, and covered outdoor areas.
Covered exterior work areas add room for loading, fabrication, and equipment storage, while on-site parking accommodates vehicles and trailers. The property is positioned along W Buckeye Road in Phoenix, providing a functional setting for an operation that requires enclosed workspace, support rooms, and covered outdoor areas.
Key Highlights
- 2022‑built flex property with an enclosed industrial workshop
- Multiple roll‑up doors, high ceilings, concrete floors, and extensive shelving
- Kitchen, bathroom, and additional interior rooms for office or storage use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,080
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,600
$621.6K
Cap Rate 7%
$444,000
$444.0K
Cap Rate 9%
$345,333
$345.3K
Market Conditions
NOI Build-Up for 2,830 SF
Gross rent
$54.3K $19.20/SF
− Vacancy
−$6.5K −$2.30/SF
EGI
$47.8K $16.90/SF
− OpEx
−$16.7K −$5.91/SF
NOI
$31.1K $10.98/SF
Area
Phoenix, AZ
Vacancy
12.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,600
Cap Rate 7%
$444,000
Cap Rate 9%
$345,333
Alternative Uses
Best Use
Flex RnD
$444.0K
$388.5K – $518.0K
NOI $31,080 @ 7.0% cap · market cap 5.68%
Second Best
Warehouse
$308.8K
$270.2K – $360.3K
NOI $21,616 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$857.2K
$750.1K – $1.00M
NOI $60,006 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
706
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85007, AZ
14,442
Population
5,981
Households
2.4
Avg Household Size
36
Median Age
27%
College-Educated
81%
High-School Grad
4.6 sq mi
ZIP Area
3,140
Density / Sq Mi
$55,833
Median Household Income
$43,375
Median Earnings
$1,079
Median Rent
$447,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Phoenix, AZ
Similar Off Market Nearby
- Bored Baker Pizza Maker LLC — 1620 S 16th St, Phoenix, AZ 85034
- Gate Gourmet — 1250 E Hadley St #6, Phoenix, AZ 85034
- QfireCatering — 613 s central ave, phoenix, az 85004
Frequently Asked Questions
What type of property is this?
Flex space - Industrial property combines enclosed workshop space with office and business-support areas.
Where is this flex space located?
The property is located at 1009 W BUCKEYE Road Phoenix, AZ.
What is the asking price?
The asking price for this property is $547,500.
What are key features of this property?
This property features: 2022‑built flex property with an enclosed industrial workshop; Multiple roll‑up doors, high ceilings, concrete floors, and extensive shelving; Kitchen, bathroom, and additional interior rooms for office or storage use
