Building Details

Building Size 6,651 SF

Year Built 1978

Listing Agency: West USA Realty

Listed By: Esther Perez Gallardo · License #BR523184000 Show Phone

Source: Alexiabertsatos

Added: Nov 12, 2024 Changed: Oct 25 Last Checked: Oct 25 at 2:13AM

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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 West USA Realty

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This C3-zoned commercial building is currently set up as an auto dealership. The property includes a showroom, four bay doors, and 36 parking spaces to support vehicle sales and on-site operations.

The building is located on W Van Buren Street in Phoenix, AZ. Buyer is advised to verify all information and measurements.

Tenants are on site, and do not disturb instructions apply.

Key Highlights

• C3‑zoned 6,500 SF commercial building on Van Buren St
• Currently used as an auto dealership with showroom and four bay doors
• Includes 36 parking spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$73,464

Cap Rate

4.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,469,280 $1.5M

Cap Rate 7%

$1,049,486 $1.0M

Cap Rate 9%

$816,267 $816.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,500 SF

Gross rent

$117.0K $18.00/SF

− Vacancy

−$12.1K −$1.85/SF

EGI

$104.9K $16.15/SF

− OpEx

−$31.5K −$4.84/SF

NOI

$73.5K $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%

$1,469,280

Cap Rate 7%

$1,049,486

Cap Rate 9%

$816,267

Alternative Uses

Best Use

Retail

$1.05M

$918.3K – $1.22M (±1% cap)

NOI $73,464 @ 7.0% cap · market cap 4.32%

Second Best

Industrial

$584.1K

$511.1K – $681.5K (±1% cap)

NOI $40,887 @ 7.0% cap · market cap 2.41%

Theoretical Best

Office A

$1.97M

$1.72M – $2.30M (±1% cap)

NOI $137,823 @ 7.0% cap · market cap 8.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Silverado Bus Lines Moving Company Aplus Insurance LLC Insurance Agency State Motor Lodge Hotel & Motel GAS MOTORSPORTS #2 Car Dealership All Autos Direct Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Hair Salon Dental Office Law Firm Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Service bays

Location Intelligence

Trade Area within ½ mile

779

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 85009, AZ

50,439

Population

14,873

Households

3.4

Avg Household Size

31

Median Age

7%

College-Educated

59%

High-School Grad

14.7 sq mi

ZIP Area

3,431

Density / Sq Mi

$51,615

Median Household Income

$29,674

Median Earnings

$1,128

Median Rent

$215,300

Median Home Value

Market

Vacancy Rate% for Retail in Phoenix, AZ

8.5% 2019

8.7% 2020

7.4% 2021

5.6% 2022

5.1% 2023

5.4% 2024

5.3% 2025

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Similar Off Market Nearby

• R Service's Auto & Delivery 🚚 — 3942 W Sherman St, Phoenix, AZ 85009
• Franco's Transmissions — 3601 W Grant St, Phoenix, AZ 85009
• Complete Auto Recyclers — 3609 W Grant St, Phoenix, AZ 85009
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• Jla Automotive Service And Engine Repair — 3533 W Lincoln St, Phoenix, AZ 85009

Frequently Asked Questions

What type of property is this?

Auto shop - C3-zoned 6,500 SF commercial building with a showroom, four bay doors, and 36 parking spaces.

Where is this auto shop located?

The property is located at 3810 W VAN BUREN Street Phoenix, AZ.

What is the asking price?

The asking price for this property is $1,700,000.

What are key features of this property?

This property features: C3‑zoned 6,500 SF commercial building on Van Buren St; Currently used as an auto dealership with showroom and four bay doors; Includes 36 parking spaces