Phoenix Retail Property For
1612 E Southern Ave Phoenix, AZ
For Sale
Contact for pricing
Retail property with secure yard, high visibility, and signage.
Property Size4,814 SF
Lot Size0.34 Acres
Price / SF$176.57
Days on Market428
Property Features for 1612 E Southern Ave
General Information
Standard status
Active
Size
4,814 SF
Lot size
0.34 Acres
Property subtype
RETAIL
Listing Agency:
ORION Investment Real Estate
(480) 772-8870
Listed By:
Michael Douglas · License #SA668345000
(480) 772-8870
Source:
Moodyscre
Added: May 28, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:22AM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.7k | $18.00 |
| − Vacancy | −$8.9k | −$1.85 |
| EGI | $77.7k | $16.15 |
| − OpEx | −$23.3k | −$4.84 |
| NOI | $54.4k | $11.30 |
4,814 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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.
