Single-Story Flex
For Sale
$399,000
17 W Alta Vista Road, Phoenix, AZ 85041
Versatile commercial layout with tile-floored rooms, two bathrooms, upgraded building systems, and secured outdoor space.
Property Size1,375 SF
Days on Market16
Property Features for 17 W Alta Vista Road
General Information
Standard status
Active
Size
1,375 SF
Property subtype
COMMERCIAL
Site & Location
Public Transit
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$1,354
Building Details
Building Size
1,375 SF
Year Built
1962
Buildings
1
Stories
1
Listing Agency:
Delex Realty
(602) 930-9393
Listed By:
Stephen R Rouse · License #SA568708000
(602) 930-9393
Source:
Gillettegroupaz
Added: Jul 29
Changed: Aug 11
Last Checked: Aug 11 at 4:14PM
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 Delex Realty
Investment Insights
Based on property information with market context.
This single-story flex space at 17 W Alta Vista Road includes three sizable rooms with tile flooring and interior connections between them. The layout also provides two bathrooms, supporting a range of office, light commercial, and storage functions. Recent property improvements include new septic and water lines, a water heater, roof, electrical lines, and split AC systems.
A covered parking area accommodates at least three vehicles. The property is enclosed by chain-link and barbed-wire fencing, with tubular steel fencing and a gate along the patio. South of the building, a spacious gravel yard provides additional exterior area. The property sits west of Central Avenue along the light rail route in Phoenix, Arizona.
A covered parking area accommodates at least three vehicles. The property is enclosed by chain-link and barbed-wire fencing, with tubular steel fencing and a gate along the patio. South of the building, a spacious gravel yard provides additional exterior area. The property sits west of Central Avenue along the light rail route in Phoenix, Arizona.
Key Highlights
- Three tile‑floored rooms connected by interior doors
- New septic and water lines, water heater, roof, electrical lines, and split AC systems
- Two bathrooms within the building
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
$23,538
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
5.90%
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%
$470,760
$470.8K
Cap Rate 7%
$336,257
$336.3K
Cap Rate 9%
$261,533
$261.5K
Market Conditions
NOI Build-Up for 1,375 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
$42.2K $30.72/SF
− Vacancy
−$10.9K −$7.90/SF
EGI
$31.4K $22.82/SF
− OpEx
−$7.8K −$5.71/SF
NOI
$23.5K $17.12/SF
Area
ZIP 85041
Vacancy
25.70%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
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%
$470,760
Cap Rate 7%
$336,257
Cap Rate 9%
$261,533
Alternative Uses
Best Use
Office B
$336.3K
$294.2K – $392.3K
NOI $23,538 @ 7.0% cap · market cap 5.90%
Second Best
Flex RnD
$182.0K
$159.3K – $212.4K
NOI $12,741 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$415.6K
$363.7K – $484.9K
NOI $29,094 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
677
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85041, AZ
64,639
Population
19,729
Households
3.3
Avg Household Size
31
Median Age
19%
College-Educated
76%
High-School Grad
16.0 sq mi
ZIP Area
4,040
Density / Sq Mi
$70,555
Median Household Income
$40,006
Median Earnings
$1,612
Median Rent
$310,100
Median Home Value
Market
Vacancy Rate% for Office in Phoenix, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Smoke Somethin' BBQ — 6825 S 7th St, Phoenix, AZ 85042
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial layout with tile-floored rooms, two bathrooms, upgraded building systems, and secured outdoor space.
Where is this flex space located?
The property is located at 17 W Alta Vista Road Phoenix, AZ.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Three tile‑floored rooms connected by interior doors; New septic and water lines, water heater, roof, electrical lines, and split AC systems; Two bathrooms within the building
