Retail Location with
For Sale
Contact for pricing
5065 E Elliot Rd, Phoenix, AZ
Corner retail location with street frontage and ample parking.
Property Size4,615 SF
Lot Size0.79 Acres
Price / SF$388.95
Days on Market805
Property Features for 5065 E Elliot Rd
General Information
Standard status
Active
Size
4,615 SF
Lot size
0.79 Acres
Property subtype
RETAIL
Lease Type
Modified Gross
Site & Location
Neighborhood
Ahwatukee Foothills
Properties For Sale
at 5065 E Elliot Rd
5065 E Elliot Rd
AVAILABLE, Now
Floor
Bldg
Size
4,615 SF
Type
RETAIL
Lease Type
MODIFIED_GROSS
Sublease
No
Previous bank location with drive-through
available for sale or for lease
• Corner retail location with street frontage
• Right off the I-10 Freeway
• SWC of 51st & Elliott Rd.
• Ample parking
• Excellent access and visibility
• Commercial Zoning
• In a County island
Contact us
Listing Agency:
NAI Horizon - Phoenix
(602) 955-4000
Listed By:
Mark Wilcke · License #BR007676000
(602) 339-5660
Source:
Moodyscre
Added: Aug 15, 2024
Changed: Oct 26
Last Checked: Oct 28 at 12:30PM
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 NAI Horizon - Phoenix
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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.
This retail property, formerly a bank, features a drive-through and is available for sale or lease. Situated on a corner with street frontage, the location offers excellent access and visibility. It is located at the southwest corner of 51st Street and Elliot Road, right off the I-10 Freeway. The property benefits from ample parking and commercial zoning and is located in a county island. The property size is 4,615 square feet.
Key Highlights
- Excellent access and visibility due to corner location and street frontage.
- Right off the I‑10 Freeway, providing convenient transportation access.
- Drive‑through, suitable for various business types.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,782
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,375,640
$1.4M
Cap Rate 7%
$982,600
$982.6K
Cap Rate 9%
$764,244
$764.2K
Market Conditions
NOI Build-Up for 4,615 SF
Gross rent
$99.7K $21.60/SF
− Vacancy
−$8.0K −$1.73/SF
EGI
$91.7K $19.87/SF
− OpEx
−$22.9K −$4.97/SF
NOI
$68.8K $14.90/SF
Area
Phoenix, AZ
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,375,640
Cap Rate 7%
$982,600
Cap Rate 9%
$764,244
Alternative Uses
Best Use
Specialty Retail
$982.6K
$859.8K – $1.15M
NOI $68,782 @ 7.0% cap · market cap 3.83%
Second Best
Retail
$745.1K
$652.0K – $869.3K
NOI $52,160 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,855 @ 7.0% cap · market cap 5.45%
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
1,057
Businesses Nearby
20k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 46%
AutoNation Toyota Tempe
Shops & Services
10,374 visits/mo
0.4 miles
Wendy's
Dining
9,217 visits/mo
0.5 miles
Midas
Shops & Services
639 visits/mo
0.5 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Bank - Corner retail location with street frontage and ample parking.
Where is this bank located?
The property is located at 5065 E Elliot Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Excellent access and visibility due to corner location and street frontage.; Right off the I‑10 Freeway, providing convenient transportation access.; Drive‑through, suitable for various business types.
