Listing Agency: Kidder Mathews | Phoenix Show Phone

Listed By: Mike Ciosek · License #BR531679000 Show Phone

Source: Moodyscre

Added: Apr 7, 2025 Changed: Aug 8 Last Checked: Aug 8 at 12:24PM

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Investment Insights

Based on property information with market context.

This industrial property, located in Phoenix, Arizona, offers 4,060 square feet of space. The property is suitable for industrial use.

Key Highlights

• 4,060 SF of industrial space
• Located in Phoenix, Arizona

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,539

Cap Rate

3.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$510,780 $510.8K

Cap Rate 7%

$364,843 $364.8K

Cap Rate 9%

$283,767 $283.8K

Market Conditions

NOI Build-Up for 4,060 SF

Gross rent

$41.4K $10.20/SF

− Vacancy

−$4.9K −$1.21/SF

EGI

$36.5K $8.99/SF

− OpEx

−$10.9K −$2.70/SF

NOI

$25.5K $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 Rate 5%

$510,780

Cap Rate 7%

$364,843

Cap Rate 9%

$283,767

Alternative Uses

Best Use

Industrial

$364.8K

$319.2K – $425.7K (±1% cap)

NOI $25,539 @ 7.0% cap · market cap 3.30%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.23M

$1.08M – $1.43M (±1% cap)

NOI $86,087 @ 7.0% cap · market cap 11.11%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Direct Buy Blinds (Bike/Boat/Book/etc) Store Elida’s Imports Importer Prolimehost Data Center Apartments Resurfacing Kitchen & Bath Showroom Concept Z Performance Auto Parts Store

Suggested Use

Top Pick Dental Office Hair Salon Nail Salon Spa & Massage Center Parking Lot & Garage Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,361

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in Phoenix, AZ

6.8% 2019

8.1% 2020

5% 2021

4.4% 2022

8.9% 2023

12.2% 2024

12.7% 2025

Questions? Ask Rey

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What type of property is this? Where is this industrial properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Industrial property - 4,060 SF industrial property available in Phoenix, Arizona.

Where is this industrial property located?

The property is located at 1515 W Deer Valley Rd Phoenix, AZ.

What is the asking price?

The asking price for this property is $775,000.

What are key features of this property?

This property features: 4,060 SF of industrial space; Located in Phoenix, Arizona