Retail Space with Flexible
17648 N 32nd St Phoenix, AZ 85032
For Sale
Contact for pricing
Retail property with signage, ample visibility, and flexible zoning, offered under a triple-net lease structure.
Property Size2,304 SF
Price / SF$368.92
Days on Market163
Property Features for 17648 N 32nd St
General Information
Standard status
Active
Size
2,304 SF
Property subtype
RETAIL
Listing Agency:
COBE Real Estate
(480) 628-6363
Listed By:
TJ Zaharis · License #BR577140000
(480) 628-6363
Source:
Moodyscre
Added: Feb 17
Changed: Jul 25
Last Checked: Jul 29 at 2:15PM
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 COBE Real Estate
Investment Insights
Based on property information with market context.
This retail space is offered for sale and is positioned for strong storefront identity with signage and ample visibility. The property is described as having flexible zoning suitable for a variety of user types.
The property is located at 17648 N 32nd St in Phoenix, AZ. It is presented with a triple-net lease structure at $4,500 per month (NNN).
At 2,304 square feet, the offering includes the existing retail configuration and lease structure as described in the remarks.
The property is located at 17648 N 32nd St in Phoenix, AZ. It is presented with a triple-net lease structure at $4,500 per month (NNN).
At 2,304 square feet, the offering includes the existing retail configuration and lease structure as described in the remarks.
Key Highlights
- Triple‑net lease structure at $4,500/month NNN
- Retail property with signage
- Ample visibility
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 | $39.3k | $17.04 |
| − Vacancy | −$4.0k | −$1.76 |
| EGI | $35.2k | $15.28 |
| − OpEx | −$10.6k | −$4.59 |
| NOI | $24.7k | $10.70 |
2,304 SF · lease $17.04/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$352.2K
$308.1K – $410.9K
NOI $24,651 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$696.4K
$609.4K – $812.5K
NOI $48,751 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail property with signage, ample visibility, and flexible zoning, offered under a triple-net lease structure.
Where is this retail space located?
The property is located at 17648 N 32nd St 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: Triple‑net lease structure at $4,500/month NNN; Retail property with signage; Ample visibility
