Flex Space Industrial
For Sale
Contact for pricing
23640 N 35th Dr, Glendale, AZ 85310
Owner-user flex space with 80% HVAC and potential for a small fenced yard.
Property Size12,264 SF
Price / SF$260.93
Days on Market528
Property Features for 23640 N 35th Dr
General Information
Standard status
Active
Size
12,264 SF
Property subtype
INDUSTRIAL
Listing Agency:
ORION Investment Real Estate
(602) 768-3704
Listed By:
Jay Krew
(602) 768-3704
Source:
Moodyscre
Added: Feb 19, 2025
Changed: Jul 30
Last Checked: Jul 31 at 12:49PM
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 ORION Investment Real Estate
Investment Insights
Based on property information with market context.
Owner-user flex space industrial building for sale with approximately 12,264 SF of space. The building includes 80% HVAC coverage to support a range of light industrial and storage-oriented uses.
There is potential for a small fenced yard, which can help support outdoor staging or limited material handling depending on tenant needs. This property is well suited for an owner-operator looking for a straightforward flex setup with an emphasis on climate-controlled interior space.
There is potential for a small fenced yard, which can help support outdoor staging or limited material handling depending on tenant needs. This property is well suited for an owner-operator looking for a straightforward flex setup with an emphasis on climate-controlled interior space.
Key Highlights
- Approximately 12,264 SF flex space industrial building
- 80% HVAC coverage
- Potential small fenced yard
Financial Insights For Flex RnD
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 | $264.9k | $21.60 |
| − Vacancy | −$27.8k | −$2.27 |
| EGI | $237.1k | $19.33 |
| − OpEx | −$83.0k | −$6.77 |
| NOI | $154.1k | $12.57 |
12,264 SF · lease $21.60/SF/yr · vacancy 10.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.20M
$1.93M – $2.57M
NOI $154,107 @ 7.0% cap · market cap 4.82%
Second Best
Industrial
$1.38M
$1.21M – $1.61M
NOI $96,532 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$3.85M
$3.37M – $4.49M
NOI $269,659 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85310, AZ
19,315
Population
7,269
Households
2.7
Avg Household Size
42
Median Age
45%
College-Educated
97%
High-School Grad
9.2 sq mi
ZIP Area
2,099
Density / Sq Mi
$117,095
Median Household Income
$59,905
Median Earnings
$2,087
Median Rent
$489,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Owner-user flex space with 80% HVAC and potential for a small fenced yard.
Where is this flex space located?
The property is located at 23640 N 35th Dr Glendale, AZ.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Approximately 12,264 SF flex space industrial building; 80% HVAC coverage; Potential small fenced yard
