Built-Out Retail
For Sale
Contact for pricing
15420 N 32ND Street, Phoenix, AZ 85032
C-2-zoned retail space with an existing build-out and on-site parking.
Property Size9,050 SF
Price / SF$0.10
Days on Market85
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Property Features for 15420 N 32ND Street
General Information
Standard status
Active
Size
9,050 SF
Property subtype
Comm/Industry Lease
Zoning
C-2
Additional Details
Traffic Count
100,000 vehicles/day
Listing Agency:
Position Realty
(480) 213-5251
Listed By:
Sean L Heideman · License #BR558743000
Source:
Kelliesellsaz
Added: Jul 23
Changed: Oct 3
Last Checked: Oct 14 at 10:34PM
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 Position Realty
Investment Insights
Based on property information with market context.
This 9,050-square-foot retail property features an existing interior build-out, allowing a prospective occupant to take advantage of improvements already in place. The site includes 42 parking spaces, including 2 designated handicapped spaces, and carries C-2 zoning.
The property is located on N 32ND Street in Phoenix, with reported traffic of 75,000 to 100,000 cars. Greenway Park Plaza is directly across the street and includes Food City, Ross Dress For Less, Goodwill, McDonalds, Little Cesars Pizza, Filiberto Mexican Food, and other tenants. The combination of a built retail interior, substantial parking, and nearby shopping-center activity supports a range of retail-oriented commercial uses.
The property is located on N 32ND Street in Phoenix, with reported traffic of 75,000 to 100,000 cars. Greenway Park Plaza is directly across the street and includes Food City, Ross Dress For Less, Goodwill, McDonalds, Little Cesars Pizza, Filiberto Mexican Food, and other tenants. The combination of a built retail interior, substantial parking, and nearby shopping-center activity supports a range of retail-oriented commercial uses.
Key Highlights
- 9,050‑square‑foot retail property with existing interior build‑out
- C‑2 zoning
- 42 parking spaces, including 2 handicapped spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,830
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,936,600
$1.9M
Cap Rate 7%
$1,383,286
$1.4M
Cap Rate 9%
$1,075,889
$1.1M
Market Conditions
NOI Build-Up for 9,050 SF
Gross rent
$154.2K $17.04/SF
− Vacancy
−$15.9K −$1.76/SF
EGI
$138.3K $15.28/SF
− OpEx
−$41.5K −$4.59/SF
NOI
$96.8K $10.70/SF
Area
ZIP 85032
Vacancy
10.30%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,936,600
Cap Rate 7%
$1,383,286
Cap Rate 9%
$1,075,889
Alternative Uses
Best Use
Retail
$1.38M
$1.21M – $1.61M
NOI $96,830 @ 7.0% cap · market cap 10,806.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.74M
$2.39M – $3.19M
NOI $191,492 @ 7.0% cap · market cap 21,371.88%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
100,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
916
Businesses Nearby
Explore this area
Business Placement
Demographics for 85032, AZ
68,710
Population
30,386
Households
2.3
Avg Household Size
38
Median Age
34%
College-Educated
89%
High-School Grad
12.4 sq mi
ZIP Area
5,541
Density / Sq Mi
$74,331
Median Household Income
$44,790
Median Earnings
$1,492
Median Rent
$387,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Retail space - C-2-zoned retail space with an existing build-out and on-site parking.
Where is this retail space located?
The property is located at 15420 N 32ND Street Phoenix, AZ.
What are key features of this property?
This property features: 9,050‑square‑foot retail property with existing interior build‑out; C‑2 zoning; 42 parking spaces, including 2 handicapped spaces
