Commercial Retail Building with
1407-09-11 W INDIAN SCHOOL Road Phoenix, AZ 85013
1407-09-11 W INDIAN SCHOOL Road, Phoenix, AZ, 85013
$895,000
For Sale
$895,000
Three connected retail suites with separate electric meters and newer A/C units, plus rear paved parking.
Property Size3,250 SF
Price / SF$275.38
Days on Market353
Property Features for 1407-09-11 W INDIAN SCHOOL Road
General Information
- Standard status
- Active
- Size
- 3,250 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1950
Listing agency
Coldwell Banker Realty
(602) 368-1904
Listed by
Thomas Ross · License #SA642903000
(602) 368-1904
Source
Exitrealty
Added: Aug 4, 2025 Updated: Jul 20 at 6:55PM Checked: Jul 21 at 4:13AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This C-1 commercial retail building includes three suites: 1407, 1409, and 1411. Suite 1411 is the smaller space at approximately 1,200 square feet and currently houses a 40-year owner business. The owner could remain or relocate. The remaining two connected areas total approximately 2,000 square feet and may be used together as one larger space or separately as individual suites.
Electric is separately metered, and front signage on Indian School Road is grandfathered. The property has newer A/C units, paved parking at the rear entry, and a bus stop in front. It is also about 10 blocks to Interstate 17.
The building’s configuration supports flexible occupancy across connected suites while maintaining separate utility metering for each unit.
Electric is separately metered, and front signage on Indian School Road is grandfathered. The property has newer A/C units, paved parking at the rear entry, and a bus stop in front. It is also about 10 blocks to Interstate 17.
The building’s configuration supports flexible occupancy across connected suites while maintaining separate utility metering for each unit.
Key Highlights
- C‑1 commercial building built in 1950 with three connected retail suites: 1407, 1409, and 1411
- 1411 suite includes 1,200 SF and is currently occupied by the owner business (owner could stay or move on)
- Additional connected space totals about 2,000 SF and can be used as one large area or separated into individual spaces
Local Financial Insights For Retail
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 | $58.5k | $18.00 |
| − Vacancy | −$6.0k | −$1.85 |
| EGI | $52.5k | $16.15 |
| − OpEx | −$15.7k | −$4.84 |
| NOI | $36.7k | $11.30 |
3,250 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$524.7K
$459.2K – $612.2K
NOI $36,732 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$984.5K
$861.4K – $1.15M
NOI $68,912 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - Three connected retail suites with separate electric meters and newer A/C units, plus rear paved parking.
Where is this storefront property located?
The property is located at 1407-09-11 W INDIAN SCHOOL Road Phoenix, AZ.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: C‑1 commercial building built in 1950 with three connected retail suites: 1407, 1409, and 1411; 1411 suite includes 1,200 SF and is currently occupied by the owner business (owner could stay or move on); Additional connected space totals about 2,000 SF and can be used as one large area or separated into individual spaces
