Glendale Showroom/Office/Manufacturing
6940 NW Grand Ave Glendale, AZ
6940 NW Grand Ave, Glendale, AZ, 00000
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For Sale
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8,000 SF building on 1.93 acres for sale.
Property Size8,000 SF
Lot Size1.97 Acres
Price / SF$375
Days on Market874
Property Features for 6940 NW Grand Ave
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Lot size
- 1.97 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
Lee & Associates | Phoenix
(602) 405-3530
Listed by
TJ Swearengin
(602) 405-3530
Source
Moodyscre
Added: Feb 28, 2024 Updated: Jul 6 at 10:16 am Checked: Jul 20 at 2:05 am
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 Lee & Associates | Phoenix
Investment Insights
Based on property information with market context.
The property features an approximately 8,000 square foot building situated on a 1.93-acre site, which is equivalent to 84,071 square feet. The building includes approximately 6,000 square feet of showroom, office, and manufacturing space, along with approximately 800 square feet of warehouse space and an additional approximately 1,200 square feet of covered work area. The site benefits from lit monument signage and a fenced yard. The property has over 182 feet of frontage and is zoned C-3 by the City of Glendale. The property's APN is 143-23-120A.
Key Highlights
- ±8,000 SF Building on a spacious 1.93 Acres (84,071 SF) Site
- Boasts +6,000 SF of Showroom/Office/Manufacturing Space
- Zoned C‑3, City of Glendale
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $144.0k | $18.00 |
| − Vacancy | −$12.2k | −$1.53 |
| EGI | $131.8k | $16.47 |
| − OpEx | −$39.5k | −$4.94 |
| NOI | $92.2k | $11.53 |
8,000 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.32M
$1.15M – $1.54M
NOI $92,232 @ 7.0% cap · market cap 3.07%
Second Best
Warehouse
$1.09M
$955.8K – $1.27M
NOI $76,462 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,903 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Capitol Fence Builders ...
General Contractor
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FAQs
What type of property is this?
Manufacturing property - 8,000 SF building on 1.93 acres for sale.
Where is this manufacturing property located?
The property is located at 6940 NW Grand Ave Glendale, AZ.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: ±8,000 SF Building on a spacious 1.93 Acres (84,071 SF) Site; Boasts +6,000 SF of Showroom/Office/Manufacturing Space; Zoned C‑3, City of Glendale
