Renovated Industrial Building with
For Sale
Contact for pricing
9602 N 7th St, Phoenix, AZ 85020
Renovated 5,917 SF industrial building with a gated yard and billboard income included.
Property Size5,917 SF
Price / SF$201.96
Days on Market488
Property Features for 9602 N 7th St
General Information
Standard status
Active
Size
5,917 SF
Property subtype
INDUSTRIAL
Zoning
C-2
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1950
Year Renovated
2024
Listing Agency:
Commercial Properties Inc
(480) 966-2301
Listed By:
Brandon Koplin · License #SA567178000
(602) 373-4717
Source:
Moodyscre
Added: May 8, 2025
Changed: Sep 5
Last Checked: Sep 7 at 8:25AM
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 Commercial Properties Inc
Investment Insights
Based on property information with market context.
This for-sale industrial property includes a 5,917 SF building with a gated yard. The structure was built in 1950 and renovated in 2024. A billboard is included, generating $500 in monthly income. The property is currently tenant occupied with $6,000 monthly rent through 4Q 2026.
Zoned C-2 by the City of Phoenix, the site provides a 2.5/1,000 parking ratio. Access is along N 7th St and E Vogel Ave.
The property offers a straightforward, industrial-focused configuration with yard storage and additional income from the included billboard.
Zoned C-2 by the City of Phoenix, the site provides a 2.5/1,000 parking ratio. Access is along N 7th St and E Vogel Ave.
The property offers a straightforward, industrial-focused configuration with yard storage and additional income from the included billboard.
Key Highlights
- 5,917 SF industrial building in Phoenix, zoning C‑2 (City of Phoenix)
- Tenant occupied with $6,000 monthly rent through 4Q 2026
- Billboard included with $500 monthly income
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,196
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$903,920
$903.9K
Cap Rate 7%
$645,657
$645.7K
Cap Rate 9%
$502,178
$502.2K
Market Conditions
NOI Build-Up for 5,917 SF
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.
Gross rent
$60.4K $10.20/SF
− Vacancy
−$7.2K −$1.21/SF
EGI
$53.2K $8.99/SF
− OpEx
−$8.0K −$1.35/SF
NOI
$45.2K $7.64/SF
Area
Phoenix, AZ
Vacancy
11.90%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$903,920
Cap Rate 7%
$645,657
Cap Rate 9%
$502,178
Alternative Uses
Best Use
Warehouse
$645.7K
$565.0K – $753.3K
NOI $45,196 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,462 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,820
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85020, AZ
34,534
Population
18,231
Households
1.9
Avg Household Size
43
Median Age
43%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,924
Density / Sq Mi
$78,412
Median Household Income
$48,230
Median Earnings
$1,389
Median Rent
$400,800
Median Home Value
Market
Vacancy Rate% for Industrial in Phoenix, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- CubeSmart Self Storage — 533 E Dunlap Ave, Phoenix, AZ 85020
- Self-Storage at U-Haul — 9300 N Cave Creek Rd, Phoenix, AZ 85020
- North Phoenix Self Storage — 9850 N Cave Creek Rd, Phoenix, AZ 85020
- Mountain View Self Storage — 1208 E Mountain View Rd, Phoenix, AZ 85020
- Devon Self Storage — 1201 E Cinnabar Ave, Phoenix, AZ 85020
Frequently Asked Questions
What type of property is this?
Warehouse - Renovated 5,917 SF industrial building with a gated yard and billboard income included.
Where is this warehouse located?
The property is located at 9602 N 7th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 5,917 SF industrial building in Phoenix, zoning C‑2 (City of Phoenix); Tenant occupied with $6,000 monthly rent through 4Q 2026; Billboard included with $500 monthly income
