3-Suite Mixed-Use
1429 N 1st St Unit 100, Phoenix, AZ 85004
For Sale
Contact for pricing
The first-floor suite is the largest of the three, with two additional suites completing the building’s configuration.
Property Size3,935 SF
Price / SF$0.95
Days on Market647
Property Features for 1429 N 1st St Unit 100
General Information
Standard status
Size
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Coldwell Banker Realty
Listed By:
Kurt Nishimura
(602) 513-9335
Source:
Searchphxproperties
Added: Feb 2, 2025
Changed: Nov 9
Last Checked: Nov 8 at 7:23AM
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
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Investment Insights
Based on property information with market context.
Built in 1955, this mixed-use property has three suites. The first-floor Suite 100 contains 2,220 square feet and is the largest space. Suite 150 measures 700 square feet, while Suite 200 contains 650 square feet.
Key Highlights
- Three suites in a mixed‑use building
- Suite 100 on the first floor contains 2,220 square feet
- Suite 150 contains 700 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,171
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,420
$1.0M
Cap Rate 7%
$716,729
$716.7K
Cap Rate 9%
$557,456
$557.5K
Market Conditions
NOI Build-Up for 3,935 SF
Gross rent
$94.4K $24.00/SF
− Vacancy
−$14.2K −$3.60/SF
EGI
$80.3K $20.40/SF
− OpEx
−$30.1K −$7.65/SF
NOI
$50.2K $12.75/SF
Area
Phoenix, AZ
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,420
Cap Rate 7%
$716,729
Cap Rate 9%
$557,456
Alternative Uses
Best Use
Mixed Use
$716.7K
$627.1K – $836.2K
NOI $50,171 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,436 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,266
Businesses Nearby
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Business Placement
Demographics for 85004, AZ
8,833
Population
6,455
Households
1.4
Avg Household Size
32
Median Age
59%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
4,206
Density / Sq Mi
$71,250
Median Household Income
$46,376
Median Earnings
$1,759
Median Rent
$365,500
Median Home Value
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Market
Properties on Market for Mixed-use properties in Maricopa County
Frequently Asked Questions
What type of property is this?
Mixed-use property - The first-floor suite is the largest of the three, with two additional suites completing the building’s configuration.
Where is this mixed-use property located?
The property is located at 1429 N 1st St Unit 100 Phoenix, AZ.
What are key features of this property?
This property features: Three suites in a mixed‑use building; Suite 100 on the first floor contains 2,220 square feet; Suite 150 contains 700 square feet
