Phoenix Warehouse Unit For
For Sale
Contact for pricing
1635 W Palmer Dr, Phoenix, AZ
Warehouse unit for sale featuring oversized doors and controlled access.
Property Size1,044 SF
Lot Size0.78 Acres
Price / SF$309.39
Days on Market350
Property Features for 1635 W Palmer Dr
General Information
Standard status
Active
Size
1,044 SF
Lot size
0.78 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Kidder Mathews | Phoenix
(602) 513-5200
Listed By:
Eric Bell · License #SA528580000
(602) 513-5151
Source:
Moodyscre
Added: Sep 29, 2025
Changed: Sep 10
Last Checked: Sep 13 at 6:13AM
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 Kidder Mathews | Phoenix
Investment Insights
Based on property information with market context.
This warehouse unit in Phoenix features 40-foot deep units and 16-foot clear height. It includes oversized garage doors with powered remote entry, sized at 18' X 14' and 14' X 14'. The units are separately metered with a 125 amp panel. A 55-foot drive aisle facilitates maneuvering. The private facility offers 24/7 controlled access and protective covenants. RV sewer and water hook-ups are available. The property features masonry construction with insulated ceilings and is pre-plumbed for restrooms. It is also AC ready and offers WiFi throughout. The unit size is 1,044 square feet.
Key Highlights
- 24/7 controlled access and protective covenants for a private and secure facility.
- Oversized garage doors (18' X 14' and 14' X 14') with powered remote entry.
- 40’ deep units with 16’ clear height.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,488
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$209,760
$209.8K
Cap Rate 7%
$149,829
$149.8K
Cap Rate 9%
$116,533
$116.5K
Market Conditions
NOI Build-Up for 1,044 SF
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.
Gross rent
$16.3K $15.60/SF
− Vacancy
−$1.3K −$1.25/SF
EGI
$15.0K $14.35/SF
− OpEx
−$4.5K −$4.31/SF
NOI
$10.5K $10.05/SF
Area
Phoenix, AZ
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$209,760
Cap Rate 7%
$149,829
Cap Rate 9%
$116,533
Alternative Uses
Best Use
Self Storage
$149.8K
$131.1K – $174.8K
NOI $10,488 @ 7.0% cap · market cap 3.25%
Second Best
Warehouse
$113.9K
$99.7K – $132.9K
NOI $7,974 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$316.2K
$276.7K – $369.0K
NOI $22,137 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
879
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Market
Vacancy Rate% for Industrial in Phoenix, AZ
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse unit for sale featuring oversized doors and controlled access.
Where is this warehouse located?
The property is located at 1635 W Palmer Dr Phoenix, AZ.
What is the asking price?
The asking price for this property is $323,000.
What are key features of this property?
This property features: 24/7 controlled access and protective covenants for a private and secure facility.; Oversized garage doors (18' X 14' and 14' X 14') with powered remote entry.; 40’ deep units with 16’ clear height.
