Versatile Commercial Space with
For Sale
$950,000
6721 N Black Cyn Highway, Phoenix, AZ 85015
Adaptable commercial property with suites, ideal for various businesses.
Property Size2,843 SF
Lot Size0.32 Acres
Price / SF$334.15
Days on Market519
Property Features for 6721 N Black Cyn Highway
General Information
Standard status
Active
Size
2,843 SF
Lot size
0.32 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1984
Listing Agency:
Camelback Executive Realtors
(602) 206-5497
Listed By:
Maricela Mederos · License #SA555392000
(602) 206-5497
Source:
Exitrealty
Added: Feb 28, 2025
Changed: Jul 10
Last Checked: Jul 31 at 6:40AM
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 Camelback Executive Realtors
Investment Insights
Based on property information with market context.
This commercial property offers a versatile space featuring three distinct suites, suitable for various business types. Its strategic location provides convenient access to major highways, ensuring excellent visibility and connectivity to surrounding areas. The suites are designed with functionality and flexibility to accommodate both small and large businesses, dealers, clinics, day care centers, offices, and more. Ample parking is available for both employees and customers, facilitating smooth traffic flow and easy access. The surrounding area features a mix of businesses, making it a potentially attractive location for foot traffic and clients. The property has been well-maintained, with updates to both the interior and exterior, ensuring a professional and welcoming environment. The property size is 2843 square feet.
Key Highlights
- Prime location with convenient access to major highways and excellent visibility.
- Versatile commercial space with three distinct suites suitable for various businesses.
- Ample parking for both employees and customers.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.3k | $30.72 |
| − Vacancy | −$22.4k | −$7.90 |
| EGI | $64.9k | $22.82 |
| − OpEx | −$16.2k | −$5.71 |
| NOI | $48.7k | $17.12 |
2,843 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$695.3K
$608.4K – $811.2K
NOI $48,669 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$861.2K
$753.5K – $1.00M
NOI $60,282 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
631
Businesses Nearby
Explore this area
Business Placement
Demographics for 85015, AZ
41,436
Population
17,889
Households
2.3
Avg Household Size
33
Median Age
25%
College-Educated
78%
High-School Grad
4.9 sq mi
ZIP Area
8,456
Density / Sq Mi
$52,585
Median Household Income
$36,456
Median Earnings
$1,227
Median Rent
$312,600
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?
Office units - Adaptable commercial property with suites, ideal for various businesses.
Where is this office units located?
The property is located at 6721 N Black Cyn Highway Phoenix, AZ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime location with convenient access to major highways and excellent visibility.; Versatile commercial space with three distinct suites suitable for various businesses.; Ample parking for both employees and customers.
