Phoenix Industrial Building For
For Sale
Contact for pricing
1654 W Knudsen Dr, Phoenix, AZ
25,880 SF industrial building on 1.51 acres.
Property Size25,880 SF
Lot Size1.52 Acres
Price / SF$223.15
Days on Market566
Property Features for 1654 W Knudsen Dr
General Information
Standard status
Active
Size
25,880 SF
Lot size
1.52 Acres
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
Deer Valley
Listing Agency:
Rein & Grossoehme
(480) 214-9400
Listed By:
Max Schumacher
(480) 214-9403
Source:
Moodyscre
Added: Apr 10, 2025
Changed: Oct 25
Last Checked: Oct 26 at 6:31PM
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 Rein & Grossoehme
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 1654 W Knudsen Ave in Phoenix, AZ, features a 25,880 square foot freestanding industrial building on a 1.51-acre lot. It is located within the Deer Valley submarket. The seller is proposing a three-year sale-leaseback at a below-market rent of $1.07 per square foot NNN, with a proposed Year 1 NOI of $332,299.
Key Highlights
- Freestanding 25,880 SF industrial building
- Located in the Deer Valley submarket
- Situated on 1.51 acres of land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$197,678
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,953,560
$4.0M
Cap Rate 7%
$2,823,971
$2.8M
Cap Rate 9%
$2,196,422
$2.2M
Market Conditions
NOI Build-Up for 25,880 SF
Gross rent
$264.0K $10.20/SF
− Vacancy
−$31.4K −$1.21/SF
EGI
$232.6K $8.99/SF
− OpEx
−$34.9K −$1.35/SF
NOI
$197.7K $7.64/SF
Area
Phoenix, AZ
Vacancy
11.90%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,953,560
Cap Rate 7%
$2,823,971
Cap Rate 9%
$2,196,422
Alternative Uses
Best Use
Warehouse
$2.82M
$2.47M – $3.29M
NOI $197,678 @ 7.0% cap · market cap 3.42%
Second Best
Industrial
$2.33M
$2.03M – $2.71M
NOI $162,794 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$7.84M
$6.86M – $9.15M
NOI $548,749 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,075
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Phoenix, AZ
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Frequently Asked Questions
What type of property is this?
Warehouse - 25,880 SF industrial building on 1.51 acres.
Where is this warehouse located?
The property is located at 1654 W Knudsen Dr Phoenix, AZ.
What is the asking price?
The asking price for this property is $5,775,000.
What are key features of this property?
This property features: Freestanding 25,880 SF industrial building; Located in the Deer Valley submarket; Situated on 1.51 acres of land
