Industrial Space in Anthem
For Sale
$1,132,250
4235 W Opportunity Way Ste 112, Phoenix, AZ 85086
Industrial space with office and warehouse components in Phoenix, Arizona.
Property Size3,235 SF
Lot Size2.42 Acres
Price / SF$350
Days on Market197
Property Features for 4235 W Opportunity Way Ste 112
General Information
Standard status
Active
Size
3,235 SF
Lot size
2.42 Acres
Property subtype
Office
Building Details
Building Size
3,235 SF
Year Built
2007
Listing Agency:
Commercial Properties Inc.
(602) 809-6570
Listed By:
Eric Butler · License #AZ #BR515583000
(602) 809-6570
Source:
Corfac
Added: Jan 26
Changed: Aug 10
Last Checked: Aug 11 at 6:48AM
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 Commercial Properties Inc.
Investment Insights
Based on property information with market context.
This industrial space is located within SPV’s Anthem Commerce Park. Constructed in 2007, the Class B industrial building offers a combination of office and warehouse space. The surrounding area blends desert and urban elements. The property includes seven drive-in or grade-level doors throughout the park and a parking ratio of approximately 2.25 spaces per 1,000 square feet. The site is fenced and situated on a 2.42-acre lot. The zoning is CP/GCP (Commerce Park / General Commerce Park), allowing for diverse commercial and industrial uses. The property size is 3,235 square feet.
Key Highlights
- Flexible zoning (CP/GCP) suitable for diverse commercial and industrial uses.
- Spacious, fenced 2.42‑acre lot.
- Seven drive‑in or grade‑level doors.**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,379
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,107,580
$1.1M
Cap Rate 7%
$791,129
$791.1K
Cap Rate 9%
$615,322
$615.3K
Market Conditions
NOI Build-Up for 3,235 SF
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.
Gross rent
$99.4K $30.72/SF
− Vacancy
−$25.5K −$7.90/SF
EGI
$73.8K $22.82/SF
− OpEx
−$18.5K −$5.71/SF
NOI
$55.4K $17.12/SF
Area
Phoenix, AZ
Vacancy
25.70%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,107,580
Cap Rate 7%
$791,129
Cap Rate 9%
$615,322
Alternative Uses
Best Use
Office B
$791.1K
$692.2K – $923.0K
NOI $55,379 @ 7.0% cap · market cap 4.89%
Second Best
Flex RnD
$507.5K
$444.1K – $592.1K
NOI $35,528 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$979.9K
$857.4K – $1.14M
NOI $68,594 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85086, AZ
43,223
Population
17,213
Households
2.5
Avg Household Size
45
Median Age
42%
College-Educated
97%
High-School Grad
61.3 sq mi
ZIP Area
705
Density / Sq Mi
$118,543
Median Household Income
$62,626
Median Earnings
$2,177
Median Rent
$554,100
Median Home Value
Market
Vacancy Rate% for Office in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial space with office and warehouse components in Phoenix, Arizona.
Where is this flex space located?
The property is located at 4235 W Opportunity Way Ste 112 Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,132,250.
What are key features of this property?
This property features: Flexible zoning (CP/GCP) suitable for diverse commercial and industrial uses.; Spacious, fenced **2.42‑acre lot.**; Seven drive‑in or grade‑level doors.**
