Flex Warehouse for
For Sale
$1,300,000
1458 N 26th Ave, Phoenix, AZ 85009
For-sale flex warehouse property in Phoenix, AZ, suited for light industrial and adaptable uses.
Property Size7,680 SF
Days on Market51
Property Features for 1458 N 26th Ave
General Information
Standard status
Active
Size
7,680 SF
Property subtype
Commercial
Building Details
Building Size
7,680 SF
Year Built
1985
Listing Agency:
Matthews Real Estate Investment Services | Phoenix
Listed By:
Gage Tuller · License #SA712585000 (AZ)
(602) 806-7255
Source:
Matthews
Added: Jul 25
Changed: Sep 5
Last Checked: Sep 13 at 3:59AM
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 for-sale flex warehouse property offers a flexible industrial configuration under a flex space and warehouse umbrella. The asset is positioned to support a range of light industrial activities where space adaptability is important.
The property is located at 1458 N 26th Ave in Phoenix, Arizona. Further details on specific unit configuration, improvements, and site features were not provided.
The property is located at 1458 N 26th Ave in Phoenix, Arizona. Further details on specific unit configuration, improvements, and site features were not provided.
Key Highlights
- Year built: 1985
- Flex warehouse property in Phoenix, AZ, suited for light industrial and adaptable uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$84,345
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,686,900
$1.7M
Cap Rate 7%
$1,204,929
$1.2M
Cap Rate 9%
$937,167
$937.2K
Market Conditions
NOI Build-Up for 7,680 SF
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.
Gross rent
$147.5K $19.20/SF
− Vacancy
−$17.7K −$2.30/SF
EGI
$129.8K $16.90/SF
− OpEx
−$45.4K −$5.91/SF
NOI
$84.3K $10.98/SF
Area
Phoenix, AZ
Vacancy
12.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,686,900
Cap Rate 7%
$1,204,929
Cap Rate 9%
$937,167
Alternative Uses
Best Use
Flex RnD
$1.20M
$1.05M – $1.41M
NOI $84,345 @ 7.0% cap · market cap 6.49%
Second Best
Warehouse
$838.0K
$733.3K – $977.7K
NOI $58,662 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$2.33M
$2.04M – $2.71M
NOI $162,844 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
838
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85009, AZ
50,439
Population
14,873
Households
3.4
Avg Household Size
31
Median Age
7%
College-Educated
59%
High-School Grad
14.7 sq mi
ZIP Area
3,431
Density / Sq Mi
$51,615
Median Household Income
$29,674
Median Earnings
$1,128
Median Rent
$215,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Phoenix, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sunrise catering — 2121 W McDowell Rd, Phoenix, AZ 85009
- Mvs Phoenix — 2121 W McDowell Rd, Phoenix, AZ 85009
- All Star Catering — 2121 W McDowell Rd, Phoenix, AZ 85009
Frequently Asked Questions
What type of property is this?
Flex space - For-sale flex warehouse property in Phoenix, AZ, suited for light industrial and adaptable uses.
Where is this flex space located?
The property is located at 1458 N 26th Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Year built: 1985; Flex warehouse property in Phoenix, AZ, suited for light industrial and adaptable uses
