2.37 Acre C-3
For Sale
Contact for pricing
918 E Broadway Rd, Phoenix, AZ
2.37 acre C-3 property with three buildings totaling 3,883 SF.
Property Size3,883 SF
Lot Size2.37 Acres
Price / SF$281
Days on Market1055
Property Features for 918 E Broadway Rd
General Information
Standard status
Active
Size
3,883 SF
Lot size
2.37 Acres
Property subtype
RETAIL
Listing Agency:
LRA Real Estate Group LLC
(602) 451-3684
Listed By:
Don Mortensen · License #BR529840000
Source:
Moodyscre
Added: Sep 12, 2023
Changed: Jul 6
Last Checked: Jul 22 at 4:01AM
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 LRA Real Estate Group LLC
Investment Insights
Based on property information with market context.
This 2.37-acre property, zoned C-3, is suitable for auto repair and parking lot use. The site features three buildings with a total approximate area of 3,883 square feet, offering a range of possibilities.
Key Highlights
- 2.37 acre C‑3 property
- Three buildings totaling approximately 3,883 SF
- Auto repair and lot
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 | $69.9k | $18.00 |
| − Vacancy | −$7.2k | −$1.85 |
| EGI | $62.7k | $16.15 |
| − OpEx | −$18.8k | −$4.84 |
| NOI | $43.9k | $11.30 |
3,883 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$626.9K
$548.6K – $731.4K
NOI $43,886 @ 7.0% cap · market cap 4.01%
Second Best
Industrial
$348.9K
$305.3K – $407.1K
NOI $24,425 @ 7.0% cap · market cap 2.23%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,334 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
944
Businesses Nearby
63k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 81%
Shops & Services 17%
Hotels & Casinos 2%
Whataburger
Dining
16,228 visits/mo
0.1 miles
Panda Express
Dining
15,947 visits/mo
0.2 miles
Chevron
Shops & Services
10,891 visits/mo
0.1 miles
Taco Bell
Dining
10,849 visits/mo
0.1 miles
Jimmy John's
Dining
3,858 visits/mo
0.2 miles
Market
Vacancy Rate% for Retail in Phoenix, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Lanza & Associates Auto Tech — 5418 S 3rd St, Phoenix, AZ 85040
- Chilo's Llantera — 5014 S Central Ave, Phoenix, AZ 85040
Frequently Asked Questions
What type of property is this?
Auto shop - 2.37 acre C-3 property with three buildings totaling 3,883 SF.
Where is this auto shop located?
The property is located at 918 E Broadway Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 2.37 acre C‑3 property; Three buildings totaling approximately 3,883 SF; Auto repair and lot
