Multi-Tenant Industrial
For Sale
Contact for pricing
1502 W Hatcher Rd, Phoenix, AZ 85021
Signalized corner positioning provides convenient ingress and egress with regional transportation access.
Property Size26,181 SF
Price / SF$106.95
Days on Market378
Property Features for 1502 W Hatcher Rd
General Information
Standard status
Active
Size
26,181 SF
Property subtype
INDUSTRIAL
Listing Agency:
Matthews Real Estate Investment Services | Phoenix
(866) 889-0550
Listed By:
Oscar Lopez
(602) 689-7674
Source:
Moodyscre
Added: Aug 22, 2025
Changed: Aug 30
Last Checked: Sep 1 at 8:32PM
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 industrial property at 1502 W Hatcher Rd in Phoenix, Arizona, contains 26,181 square feet and is configured for multiple tenants. The layout supports a multi-occupant operating structure within an industrial asset.
The property occupies a signalized hard corner, providing convenient ingress and egress for tenants and customers. Interstate 17 is approximately 2.2 miles away, connecting the site to regional transportation routes. The combination of industrial classification, multi-tenant configuration, and transportation access accommodates a range of commercial occupancy strategies.
The property occupies a signalized hard corner, providing convenient ingress and egress for tenants and customers. Interstate 17 is approximately 2.2 miles away, connecting the site to regional transportation routes. The combination of industrial classification, multi-tenant configuration, and transportation access accommodates a range of commercial occupancy strategies.
Key Highlights
- 26,181‑square‑foot industrial property
- Multi‑tenant configuration
- Signalized hard corner with convenient ingress and egress
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
$164,687
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
5.88%
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%
$3,293,740
$3.3M
Cap Rate 7%
$2,352,671
$2.4M
Cap Rate 9%
$1,829,856
$1.8M
Market Conditions
NOI Build-Up for 26,181 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
$267.0K $10.20/SF
− Vacancy
−$31.8K −$1.21/SF
EGI
$235.3K $8.99/SF
− OpEx
−$70.6K −$2.70/SF
NOI
$164.7K $6.29/SF
Area
Phoenix, AZ
Vacancy
11.90%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
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%
$3,293,740
Cap Rate 7%
$2,352,671
Cap Rate 9%
$1,829,856
Alternative Uses
Best Use
Industrial
$2.35M
$2.06M – $2.74M
NOI $164,687 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.93M
$6.94M – $9.25M
NOI $555,131 @ 7.0% cap · market cap 19.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
938
Businesses Nearby
Explore this area
Business Placement
Demographics for 85021, AZ
40,943
Population
18,136
Households
2.3
Avg Household Size
35
Median Age
33%
College-Educated
87%
High-School Grad
6.9 sq mi
ZIP Area
5,934
Density / Sq Mi
$58,481
Median Household Income
$38,147
Median Earnings
$1,221
Median Rent
$433,000
Median Home Value
Market
Vacancy Rate% for Industrial in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Signalized corner positioning provides convenient ingress and egress with regional transportation access.
Where is this industrial property located?
The property is located at 1502 W Hatcher Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 26,181‑square‑foot industrial property; Multi‑tenant configuration; Signalized hard corner with convenient ingress and egress
