Industrial Flex Space with
For Sale
Contact for pricing
10801 N 24th Ave Unit 107, Phoenix, AZ 85029
Flex space includes office build-outs, grade-level loading, and direct access from I-17 near Peoria Avenue.
Property Size4,835 SF
Price / SF$1.15
Days on Market88
Property Features for 10801 N 24th Ave Unit 107
General Information
Standard status
Active
Size
4,835 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
grade level loading
office build-outs
spec suites
Building Details
Year Built
1980
Tenancy
Multi
Listing Agency:
Cutler Commercial
Listed By:
Jim M Lieberthal · License #BR516852000
(602) 955-3500
Source:
Myphoenixhomesource
Added: Jul 21
Changed: Oct 10
Last Checked: Oct 16 at 9:14AM
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 Cutler Commercial
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Investment Insights
Based on property information with market context.
This flex-space property is part of a six-building industrial center totaling 113,887 square feet. Available suite sizes range from approximately 1,627 to 4,835 square feet, with various office build-outs, approximately 16-foot clear height, and grade-level loading. The property was built in 1980 and includes parking at an approximately 2.63:1,000 ratio.
The center is located at 10801 N 24th Ave in Phoenix, with direct access from I-17 at Peoria Avenue. The property includes industrial space across six buildings and provides a combination of office and warehouse functionality within the larger complex.
The center is located at 10801 N 24th Ave in Phoenix, with direct access from I-17 at Peoria Avenue. The property includes industrial space across six buildings and provides a combination of office and warehouse functionality within the larger complex.
Key Highlights
- Six‑building industrial center totaling 113,887 SF
- Suite sizes from ±1,627 to ±4,835 SF
- Approximately 16' clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,414
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,280
$608.3K
Cap Rate 7%
$434,486
$434.5K
Cap Rate 9%
$337,933
$337.9K
Market Conditions
NOI Build-Up for 4,835 SF
Gross rent
$49.3K $10.20/SF
− Vacancy
−$5.9K −$1.21/SF
EGI
$43.4K $8.99/SF
− OpEx
−$13.0K −$2.70/SF
NOI
$30.4K $6.29/SF
Area
Phoenix, AZ
Vacancy
11.90%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,280
Cap Rate 7%
$434,486
Cap Rate 9%
$337,933
Alternative Uses
Best Use
Flex RnD
$758.6K
$663.8K – $885.0K
NOI $53,100 @ 7.0% cap · market cap 955.04%
Second Best
Warehouse
$527.6K
$461.6K – $615.5K
NOI $36,931 @ 7.0% cap · market cap 664.23%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,519 @ 7.0% cap · market cap 1,843.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,599
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85029, AZ
47,101
Population
19,723
Households
2.4
Avg Household Size
35
Median Age
22%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
5,011
Density / Sq Mi
$60,384
Median Household Income
$37,282
Median Earnings
$1,319
Median Rent
$307,800
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
- TaQuero Muncho — 9853 N 19th Ave, Phoenix, AZ 85021
- Atlasta Catering — 10021 N 19th Ave, Phoenix, AZ 85021
- Culinary Brigade Private Chef LLC — 11801 N 19th Ave, Phoenix, AZ 85029
Frequently Asked Questions
What type of property is this?
Flex space - Flex space includes office build-outs, grade-level loading, and direct access from I-17 near Peoria Avenue.
Where is this flex space located?
The property is located at 10801 N 24th Ave Unit 107 Phoenix, AZ.
What are key features of this property?
This property features: Six‑building industrial center totaling 113,887 SF; Suite sizes from ±1,627 to ±4,835 SF; Approximately 16' clear height
