Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3650 N 40Th Ave Phoenix, AZ 85019

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $5,661,115

    24,747 SF industrial building in established Phoenix industrial area.

    Property size:
    24,582 SF

    Property Features for 3650 N 40Th Ave

    General Information

    Size
    24,582 SF

    Building Details

    Year built
    1977

    We can help!

    Listing Contact
    Tyson Breinholt
    Source: Corfac

    Listing Agent: Tyson Breinholt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Phoenix Industrial Warehouse For Sale

    This industrial property is a ±24,747 SF building constructed in 1977, zoned A-1, and ideally suited for warehouse and distribution purposes. It is located in an established industrial area of Phoenix, Arizona, minutes from Downtown Phoenix. The property benefits from high visibility and accessibility, ample parking and loading space, and a flexible layout suitable for various uses. The location provides excellent proximity to major transportation arteries and a thriving industrial sector, with convenient access to the I-10 and I-17 freeways, providing access to the entire metropolitan area. The property has frontage on N 40th Ave & W Whitton Ave.
    Location Intelligence

    Current Use by Public Records

    Hann's Liquidations LLC General Store Anozira Stucco & Stone ... Stucco Contractor Cam Fleet Care Auto Repair Shop Nomadtrucks Auto Parts Manufacturer Swiss Plastering & Interiors Interior Designer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    U-Haul Moving & Storage at West Camelback Road, Life Storage, Public Storage, Self-Storage at U-Haul, Central Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.1456392
    Latitude
    33.4900285

    Nearby Similar for Sale

    • $11,600,000

      Arcadia Area Condos For Sale

      Eight high-end condos in Phoenix's Arcadia area, each with private elevator.
      4525 N 40Th St, Phoenix, AZ 85018
      View Details
    • $884,900

      Phoenix Triplex with New Construction

      Triplex featuring renovated units and new construction, built in 2025.
      1012 E Pierson St, Phoenix, AZ 85014
      View Details
    • New
      $559,000

      Renovated Triplex Near Grand Canyon

      Garden-style triplex renovated in 2023, near Grand Canyon University.
      2334 W Morten Ave, Phoenix, AZ 85021
      View Details
    • New
      $518,900

      Renovated Triplex in Roosevelt Arts

      Upgraded 3-unit property near downtown Phoenix with strong CAP rate.
      329 N 17Th Dr, Phoenix, AZ 85007
      View Details
    • New
      $518,900

      Renovated Triplex in Roosevelt Arts District

      Three units, renovated in 2024, near downtown Phoenix.
      325 N 17Th Dr, Phoenix, AZ 85007
      View Details
    • New
      $649,900

      Updated Triplex in Phoenix Location

      Updated triplex with strong rental versatility near Phoenix attractions.
      4832 E Willetta St, Phoenix, AZ 85008
      View Details
    • $499,999

      Phoenix Multi-Unit Investment Opportunity

      Two adjacent properties with three units in central Phoenix.
      1813 W Sherman St, Phoenix, AZ 85007
      View Details
    • New
      $649,900

      Updated Triplex in Phoenix Location

      Fully updated triplex in a prime Phoenix location.
      4838 E Willetta St, Phoenix, AZ 85008
      View Details
    • $424,900
      Pending

      Phoenix Multifamily Investment Opportunity

      Four-unit property with income and renovation upside near GCU.
      2522 W Palo Verde Dr, Phoenix, AZ 85017
      View Details
    • New
      $860,000

      Phoenix Triplex with Development Potential

      Triplex in Phoenix with development potential for additional units.
      2646 E Willetta St, Phoenix, AZ 85008
      View Details
    • $949,500

      Updated Tri-Plex in Uptown Phoenix

      Updated tri-plex in Uptown Phoenix, ideal for investors.
      6239 N 14Th St, Phoenix, AZ 85014
      View Details
    • $825,000

      New Construction Duplex in Phoenix

      New construction duplex with spacious units, garages, and modern amenities.
      5022 S 35Th Ave, Phoenix, AZ 85041
      View Details

    FAQs

    What type of property is this?
    Warehouse - 24,747 SF industrial building in established Phoenix industrial area.
    Where is this warehouse located?
    The property is located at 3650 N 40Th Ave Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $5,661,115.
    What are key features of this property?
    This property features: - Strategic location in Phoenix with I-10 and I-17 freeway access.; - **±24,747 SF industrial building** suitable for warehouse/distribution.; - High visibility and accessibility on N 40th Ave & W Whitton Ave.
    (602) 315-7131
    Request Owner's contact information
    3650 N 40Th Ave Phoenix, AZ 85019
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3650 N 40Th Ave
    Phoenix, AZ 85019
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3650 N 40Th Ave Phoenix, AZ 85019
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tyson Breinholt
    (602) 315-7131
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.