Phoenix Warehouse Near 10
For Sale
$2,100,000
1502 N 29th Ave, Phoenix, AZ 85009
9,120 SF warehouse with 18' clear height, close to I-10.
Property Size9,120 SF
Days on Market316
Property Features for 1502 N 29th Ave
General Information
Standard status
Active
Size
9,120 SF
Class
C
Property subtype
Industrial - Warehouse/Distribution
Building Details
Building Size
9,120 SF
Year Built
1980
Listing Agency:
Levrose Commercial Real Estate
Listed By:
Aaron Norwood · License #SA561466000
(480) 294-6016
Source:
Commercialcafe
Added: Nov 24, 2025
Changed: Sep 21
Last Checked: Oct 5 at 3:39PM
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 Levrose Commercial Real Estate
Investment Insights
Based on property information with market context.
This 9,120 square foot warehouse is located in Phoenix, Arizona, and features concrete tilt-up construction. The property offers an 18-foot clear height. It is positioned close to the 10 Freeway. The warehouse includes a total of three drive-in doors, each measuring 12 feet wide and 10 feet high.
Key Highlights
- Close to 10 Freeway
- 18’ Clear Height
- Concrete Tilt‑Up construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,661
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,393,220
$1.4M
Cap Rate 7%
$995,157
$995.2K
Cap Rate 9%
$774,011
$774.0K
Market Conditions
NOI Build-Up for 9,120 SF
Gross rent
$93.0K $10.20/SF
− Vacancy
−$11.1K −$1.21/SF
EGI
$82.0K $8.99/SF
− OpEx
−$12.3K −$1.35/SF
NOI
$69.7K $7.64/SF
Area
Phoenix, AZ
Vacancy
11.90%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,393,220
Cap Rate 7%
$995,157
Cap Rate 9%
$774,011
Alternative Uses
Best Use
Warehouse
$995.2K
$870.8K – $1.16M
NOI $69,661 @ 7.0% cap · market cap 3.32%
Second Best
Industrial
$819.5K
$717.1K – $956.1K
NOI $57,368 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$2.76M
$2.42M – $3.22M
NOI $193,377 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
Well-served
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
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Frequently Asked Questions
What type of property is this?
Warehouse - 9,120 SF warehouse with 18' clear height, close to I-10.
Where is this warehouse located?
The property is located at 1502 N 29th Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Close to 10 Freeway; 18’ Clear Height; Concrete Tilt‑Up construction
