Warehouse With Grade-Level
For Sale
Contact for pricing
1202 West Watkins Street, Phoenix, AZ 85007
Industrial building combines warehouse and shop areas with a fenced, asphalt-paved yard.
Property Size16,500 SF
Price / SF$220
Days on Market76
Property Features for 1202 West Watkins Street
General Information
Standard status
Active
Size
16,500 SF
Property subtype
Industrial
Zoning
A-1
Site & Location
Neighborhood
Central City
Building Details
Year Built
1973
Year Renovated
2025
Buildings
1
Stories
1
Units
1
Listing Agency:
Rein & Grossoehme Commercial Real Estate
Listed By:
Max Schumacher, SIOR · License #SA678600000
(480) 214-9403
Source:
Crexi
Added: Aug 17
Changed: Oct 27
Last Checked: Oct 30 at 1:53PM
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 Commercial Real Estate
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Investment Insights
Based on property information with market context.
The property contains approximately 16,500 SF of warehouse and shop space in a building constructed in 1973. Seven grade-level doors support loading access, while the 14' clear height accommodates a range of warehouse operations. The building is fire sprinklered and includes heavy electrical service listed at 480V and 1200 amps, subject to buyer confirmation.
Recent work includes LED lighting, roll-up doors, most of the HVAC system, and a roof replacement completed in 2022. The site also provides an asphalt-paved, fenced yard. Located at 1202 West Watkins Street in Phoenix, the property is less than 1 mile from I-17 and carries A-1 zoning.
Recent work includes LED lighting, roll-up doors, most of the HVAC system, and a roof replacement completed in 2022. The site also provides an asphalt-paved, fenced yard. Located at 1202 West Watkins Street in Phoenix, the property is less than 1 mile from I-17 and carries A-1 zoning.
Key Highlights
- ±16,500 SF warehouse and shop building with Seven (7) Grade Level Doors
- 14' Clear Height and fire sprinkler system
- Roof completed in 2022, plus new LED lighting and roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,031
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,520,620
$2.5M
Cap Rate 7%
$1,800,443
$1.8M
Cap Rate 9%
$1,400,344
$1.4M
Market Conditions
NOI Build-Up for 16,500 SF
Gross rent
$168.3K $10.20/SF
− Vacancy
−$20.0K −$1.21/SF
EGI
$148.3K $8.99/SF
− OpEx
−$22.2K −$1.35/SF
NOI
$126.0K $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%
$2,520,620
Cap Rate 7%
$1,800,443
Cap Rate 9%
$1,400,344
Alternative Uses
Best Use
Warehouse
$1.80M
$1.58M – $2.10M
NOI $126,031 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.00M
$4.37M – $5.83M
NOI $349,859 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 85007, AZ
14,442
Population
5,981
Households
2.4
Avg Household Size
36
Median Age
27%
College-Educated
81%
High-School Grad
4.6 sq mi
ZIP Area
3,140
Density / Sq Mi
$55,833
Median Household Income
$43,375
Median Earnings
$1,079
Median Rent
$447,000
Median Home Value
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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 - Industrial building combines warehouse and shop areas with a fenced, asphalt-paved yard.
Where is this warehouse located?
The property is located at 1202 West Watkins Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,630,000.
What are key features of this property?
This property features: ±16,500 SF warehouse and shop building with Seven (7) Grade Level Doors; 14' Clear Height and fire sprinkler system; Roof completed in 2022, plus new LED lighting and roll‑up doors
