Multi-Tenant Retail
15840 N 32nd St, Phoenix, AZ 85032
For Sale
Contact for pricing
C-2 zoning and three available suites support a range of small-format commercial spaces.
Property Size4,696 SF
Price / SF$0.33
Days on Market10
Property Features for 15840 N 32nd St
General Information
Standard status
Size
Zoning
Site & Location
Neighborhood
Highway Access
Road Access
Building Details
Year Built
Tenancy
Listing Agency:
R.O.I. Properties
Listed By:
Reuben Z Nach · License #SA687040000
(602) 881-4724
Source:
Eastvalleyazhomesforsale
Added: Oct 31
Changed: Nov 7
Last Checked: Nov 8 at 6:51AM
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 R.O.I. Properties
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Investment Insights
Based on property information with market context.
The 4,696-square-foot retail center, built in 1985, has three available suites measuring 484, 750, and 939 square feet. The property is zoned C-2 and fronts 32nd Street.
The center is near SR-51 and Loop 101, with dense residential neighborhoods in the surrounding area.
The center is near SR-51 and Loop 101, with dense residential neighborhoods in the surrounding area.
Key Highlights
- Three available suites: 484, 750, and 939 SF
- 4,696‑square‑foot multi‑tenant retail center
- C‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,244
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,004,880
$1.0M
Cap Rate 7%
$717,771
$717.8K
Cap Rate 9%
$558,267
$558.3K
Market Conditions
NOI Build-Up for 4,696 SF
Gross rent
$80.0K $17.04/SF
− Vacancy
−$8.2K −$1.76/SF
EGI
$71.8K $15.28/SF
− OpEx
−$21.5K −$4.59/SF
NOI
$50.2K $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%
$1,004,880
Cap Rate 7%
$717,771
Cap Rate 9%
$558,267
Alternative Uses
Best Use
Retail
$717.8K
$628.1K – $837.4K
NOI $50,244 @ 7.0% cap · market cap 3,241.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,364 @ 7.0% cap · market cap 6,410.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,188
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Retail space in Phoenix
Vacancy Rate% for Retail in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Retail space - C-2 zoning and three available suites support a range of small-format commercial spaces.
Where is this retail space located?
The property is located at 15840 N 32nd St Phoenix, AZ.
What are key features of this property?
This property features: Three available suites: 484, 750, and 939 SF; 4,696‑square‑foot multi‑tenant retail center; C‑2 zoning
