Phoenix Retail Property For
For Sale
Contact for pricing
1612 E Southern Ave, Phoenix, AZ
Retail property with secure yard, high visibility, and signage.
Property Size4,814 SF
Lot Size0.34 Acres
Price / SF$176.57
Days on Market520
Property Features for 1612 E Southern Ave
General Information
Standard status
Active
Size
4,814 SF
Lot size
0.34 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
South Mountain
Properties For Sale
at 1612 E Southern Ave
1612 E Southern Ave
AVAILABLE, Now
Floor
Bldg
Size
4,814 SF
Type
RETAIL
Sublease
No
• Asking Sale Price: $850,000 ($176.56 PSF) – priced
below replacement cost!
• Lease Price: Contact Agent
• Zoned C-2, City of Phoenix
• Minutes from I-10, I-17, and Sky Harbor Airport
• Secure gated yard — perfect for contractors,
service businesses, or users needing outdoor
storage
• High-Impact Visibility and Signage Along
Southern Avenue’s Busy Corridor
Contact us
Listing Agency:
ORION Investment Real Estate
(480) 634-6934
Listed By:
Michael Douglas · License #SA668345000
(480) 772-8870
Source:
Moodyscre
Added: May 28, 2025
Changed: Oct 28
Last Checked: Oct 28 at 9:31AM
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 ORION Investment Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property, located in Phoenix, Arizona, is zoned C-2 by the City of Phoenix. It offers high-impact visibility and signage along the busy Southern Avenue corridor. The site is situated minutes from I-10, I-17, and Sky Harbor Airport. It features a secure gated yard, making it suitable for contractors, service businesses, or users requiring outdoor storage. The property contains 4,814 square feet.
Key Highlights
- Priced below replacement cost at $203 PSF.
- Secure gated yard ideal for contractors or businesses needing outdoor storage.
- Zoned C‑2, City of Phoenix.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,409
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,088,180
$1.1M
Cap Rate 7%
$777,271
$777.3K
Cap Rate 9%
$604,544
$604.5K
Market Conditions
NOI Build-Up for 4,814 SF
Gross rent
$86.7K $18.00/SF
− Vacancy
−$8.9K −$1.85/SF
EGI
$77.7K $16.15/SF
− OpEx
−$23.3K −$4.84/SF
NOI
$54.4K $11.30/SF
Area
Phoenix, AZ
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,088,180
Cap Rate 7%
$777,271
Cap Rate 9%
$604,544
Alternative Uses
Best Use
Retail
$777.3K
$680.1K – $906.8K
NOI $54,409 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,074 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Retail property - Retail property with secure yard, high visibility, and signage.
Where is this retail property located?
The property is located at 1612 E Southern Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Priced below replacement cost at $203 PSF.; Secure gated yard ideal for contractors or businesses needing outdoor storage.; Zoned C‑2, City of Phoenix.
