Mid-Century Modern Mixed-Use
For Sale
Contact for pricing
1429 N 1ST Street 100, Phoenix, AZ 85004
Three suites provide a flexible configuration, including the property’s largest space on the first floor.
Property Size3,935 SF
Price / SF$0.95
Days on Market70
Property Features for 1429 N 1ST Street 100
General Information
Standard status
Active
Size
3,935 SF
Property subtype
Comm/Industry Lease
Site & Location
Neighborhood
Central City
Additional Details
Office Units
3
Building Details
Buildings
1
Construction
Mid Century Modern
Listing Agency:
Coldwell Banker Realty
(602) 954-6888
Listed By:
Kurt Nishimura
(602) 513-9335
Source:
Mariannashone
Added: Aug 17
Changed: Oct 15
Last Checked: Oct 24 at 6:30PM
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.
This mid-century modern mixed-use building contains three separate suites totaling 3,935 square feet. Suite 100 occupies the first floor and provides the largest footprint at 2,220 square feet, while Suite 150 measures 700 square feet and Suite 200 measures 650 square feet.
The property is located at 1429 N 1ST Street in Phoenix, Arizona, with suite identification included as 100 in the address.
The property is located at 1429 N 1ST Street in Phoenix, Arizona, with suite identification included as 100 in the address.
Key Highlights
- Three‑suite mixed‑use building totaling 3,935 square feet
- Suite 100 is the largest space at 2,220 square feet
- Suite 100 is located on the first floor
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 · market cap 1,337.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,436 @ 7.0% cap · market cap 2,224.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Office units
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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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three suites provide a flexible configuration, including the property’s largest space on the first floor.
Where is this mixed-use property located?
The property is located at 1429 N 1ST Street 100 Phoenix, AZ.
What are key features of this property?
This property features: Three‑suite mixed‑use building totaling 3,935 square feet; Suite 100 is the largest space at 2,220 square feet; Suite 100 is located on the first floor
