Configurable Multi-Tenant Retail
14045 W Grand Ave Surprise, AZ 85374
For Sale
Contact for pricing
6,132 SF retail building features an open-concept layout and can be reconfigured for single or multi-tenant occupancy.
Property Size6,132 SF
Price / SF$250
Days on Market339
Property Features for 14045 W Grand Ave
General Information
Standard status
Active
Size
6,132 SF
Property subtype
RETAIL
Listing Agency:
Matthews Real Estate Investment Services | Phoenix
(605) 941-3721
Listed By:
Hudson DeJean · License #SA704485000(AZ)
(605) 941-3721
Source:
Moodyscre
Added: Aug 25, 2025
Changed: Jul 26
Last Checked: Jul 28 at 2:18PM
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 Matthews Real Estate Investment Services | Phoenix
Investment Insights
Based on property information with market context.
This 6,132 SF retail building offers a flexible, multi-tenant layout that was previously divided into multiple suites. The space can be configured to accommodate a smaller footprint for an owner-operator or can be leased in its entirety, depending on the needs of the user.
The property’s open-concept design provides a versatile base for re-tenanting and adaptive reconfiguration. The layout is intended to support a range of potential retail and professional uses, including office and medical applications, while allowing multiple avenues for how the space may be reworked.
Ownership is being marketed with flexibility, with the opportunity to acquire the property either through sale or lease structures, making it suitable for a variety of project approaches.
The property’s open-concept design provides a versatile base for re-tenanting and adaptive reconfiguration. The layout is intended to support a range of potential retail and professional uses, including office and medical applications, while allowing multiple avenues for how the space may be reworked.
Ownership is being marketed with flexibility, with the opportunity to acquire the property either through sale or lease structures, making it suitable for a variety of project approaches.
Key Highlights
- 6,132 SF retail building with an open‑concept layout
- Can be configured for single‑tenant or multi‑tenant occupancy
- Previously divided into multiple suites and can be leased in its entirety
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 | $161.9k | $26.40 |
| − Vacancy | −$44.0k | −$7.18 |
| EGI | $117.9k | $19.22 |
| − OpEx | −$29.5k | −$4.80 |
| NOI | $88.4k | $14.41 |
6,132 SF · lease $26.40/SF/yr · vacancy 27.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.47M
NOI $88,389 @ 7.0% cap · market cap 5.77%
Second Best
Healthcare Medical
$1.19M
$1.04M – $1.38M
NOI $82,981 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$1.89M
$1.65M – $2.21M
NOI $132,372 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - 6,132 SF retail building features an open-concept layout and can be reconfigured for single or multi-tenant occupancy.
Where is this retail space located?
The property is located at 14045 W Grand Ave Surprise, AZ.
What is the asking price?
The asking price for this property is $1,533,000.
What are key features of this property?
This property features: 6,132 SF retail building with an open‑concept layout; Can be configured for single‑tenant or multi‑tenant occupancy; Previously divided into multiple suites and can be leased in its entirety
