Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    234 E Mohave St Phoenix, AZ 85004

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Industrial property in central Phoenix with strong metro area access.

    Building Details

    Year built
    1983

    We can help!

    Listing Contact
    Blake Peters
    Blake Peters
    Source: Lee-associates

    Listing Agent: Blake Peters

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

    Learn more

    Overview

    Phoenix Industrial Property For Rent

    Located in central Phoenix, the industrial property at 234 E. Mohave Street offers convenient access throughout the metropolitan area. Situated west of Sky Harbor Airport and just north of I-17, the 3.88-acre site features a metal building that was originally constructed in 1983. The property includes a freshly paved, secured, and enclosed yard. The building provides approximately 5,000 square feet of office space and roughly 26,141 square feet of manufacturing or warehouse space, accommodating diverse operational requirements.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Restaurant Dental Office Hair Salon Nail Salon Gym & Fitness Center Pharmacy Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.0706401
    Latitude
    33.4318392

    Nearby Similar for Lease

    • Contact for pricing

      AZ, Phoenix - 24th and Camelback

      Discover many ways to work your way in AZ, Phoenix - 24th and Camelback
      2375 Phoenix, Phoenix, AZ 85016
      View Details
    • Contact for pricing

      Paradise Valley

      Discover many ways to work your way in Paradise Valley
      11811 Tatum Blvd, Phoenix, AZ 85028
      View Details
    • Contact for pricing

      Esplanade III

      Discover many ways to work your way in Esplanade III
      2415 Camelback Rd, Phoenix, AZ 85016
      View Details
    • Contact for pricing

      Washington at Sky Harbor

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      4600 Washington St, Phoenix, AZ 85034
      View Details
    • Contact for pricing

      Century Link Tower

      Discover many ways to work your way in AZ, Phoenix - 24th and Camelback
      20 Thomas Rd, Phoenix, AZ 85012
      View Details
    • Contact for pricing

      Union Hills Office Plaza

      All-inclusive access to workspace, virtual office and meeting rooms in 505 Montgomery
      2550 Union Hills Dr, Phoenix, AZ 85027
      View Details
    • Contact for pricing

      Desert Ridge Corporate

      Flexible workspace in Hamilton Avenue
      20860 Tatum Blvd, Phoenix, AZ 85050
      View Details
    • Contact for pricing

      Spaces One Renaissance Tower

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      2 Central Ave, Phoenix, AZ 85004
      View Details
    • Contact for pricing

      AZ, Phoenix - 3rd St

      Workspaces, services and support to help you work better in Frisco Square
      2025 3Rd St, Phoenix, AZ 85004
      View Details
    • Contact for pricing

      AZ, Phoenix - N 7th St

      Discover many ways to work your way in Richardson Telecom
      19820 7Th St, Phoenix, AZ 85024
      View Details
    • Contact for pricing

      AZ, Phoenix - E Camelback Rd

      Workspaces, services and support to help you work better in East Berlin
      2701 Camelback Rd, Phoenix, AZ 85016
      View Details
    • Contact for pricing

      AZ, Phoenix – Block 23

      Workspaces, services and support to help you grow your business in DC, Washington - 609 H Street
      101 Washington St, Phoenix, AZ 85004
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Industrial property in central Phoenix with strong metro area access.
    Where is this manufacturing property located?
    The property is located at 234 E Mohave St Phoenix, AZ.
    What are key features of this property?
    This property features: - Prime central Phoenix location with strong metro area access; - Large 3.88-acre site; - Secured and enclosed freshly paved yard
    (602) 956-7777
    Request Owner's contact information
    234 E Mohave St Phoenix, AZ 85004
    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.
    234 E Mohave St
    Phoenix, AZ 85004
    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
    234 E Mohave St Phoenix, AZ 85004
    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
    Blake Peters
    Blake Peters
    (602) 956-7777 (602) 619-3970
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!