Storefront Property with Paved Rear
New
For Sale
$999,999
12806 N 28th Dr, Phoenix, AZ 85029
C-1 zoning, alley access, and a paved rear yard support a range of commercial applications, subject to zoning approval.
Property Size2,642 SF
Price / SF$378.50
Days on Market3
Property Features for 12806 N 28th Dr
General Information
Standard status
Active
Size
2,642 SF
Total Parking Spaces
7
Property subtype
Commercial
Zoning
C-1
Site & Location
Neighborhood
North Mountain
Highway Access
Yes
Amenities
private restrooms
RV gate
fully paved rear yard
Building Details
Year Built
1965
Listing Agency:
Realty ONE Group
Listed By:
Alexis Salcedo De Ruiz
(480) 202-9941
Source:
Viewhomesinscottsdaleaz
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 1:41PM
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 Realty ONE Group
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Investment Insights
Based on property information with market context.
This Phoenix storefront property contains 2,642 square feet, two private restrooms, and seven parking spaces. Improvements include updated windows and doors, a roof installed in 2021, A/C units from 2022 and 2024, plumbing installed in 2025, and an RV gate added in 2023. The approximately 10,000-square-foot rear yard is fully paved and accessible from the alley; storage, fleet parking, or contractor use is subject to zoning approval.
The property is on 28th Drive with freeway access. Metrocenter redevelopment, The Metropolitan, and more than 1,000 apartment units within a one-mile radius are identified in the surrounding area. C-1 zoning supports consideration of retail, service, or office use.
The property is on 28th Drive with freeway access. Metrocenter redevelopment, The Metropolitan, and more than 1,000 apartment units within a one-mile radius are identified in the surrounding area. C-1 zoning supports consideration of retail, service, or office use.
Key Highlights
- 2,642‑square‑foot storefront with two private restrooms
- Approximately 10,000‑square‑foot paved rear yard with alley access
- Seven parking spaces and freeway access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,860
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,200
$597.2K
Cap Rate 7%
$426,571
$426.6K
Cap Rate 9%
$331,778
$331.8K
Market Conditions
NOI Build-Up for 2,642 SF
Gross rent
$47.6K $18.00/SF
− Vacancy
−$4.9K −$1.85/SF
EGI
$42.7K $16.15/SF
− OpEx
−$12.8K −$4.84/SF
NOI
$29.9K $11.30/SF
Area
Phoenix, AZ
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,200
Cap Rate 7%
$426,571
Cap Rate 9%
$331,778
Alternative Uses
Best Use
Retail
$426.6K
$373.3K – $497.7K
NOI $29,860 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$800.3K
$700.3K – $933.7K
NOI $56,020 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85029, AZ
47,101
Population
19,723
Households
2.4
Avg Household Size
35
Median Age
22%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
5,011
Density / Sq Mi
$60,384
Median Household Income
$37,282
Median Earnings
$1,319
Median Rent
$307,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Phoenix, AZ
Similar Off Market Nearby
- 1Bloom Custom Floral and Event Design, LLC
Frequently Asked Questions
What type of property is this?
Storefront property - C-1 zoning, alley access, and a paved rear yard support a range of commercial applications, subject to zoning approval.
Where is this storefront property located?
The property is located at 12806 N 28th Dr Phoenix, AZ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 2,642‑square‑foot storefront with two private restrooms; Approximately 10,000‑square‑foot paved rear yard with alley access; Seven parking spaces and freeway access
