Retail Space with Flexible
For Sale
$850,000
17648 N 32nd St, Phoenix, AZ 85032
Retail property with signage, ample visibility, and flexible zoning, offered under a triple-net lease structure.
Property Size2,305 SF
Price / SF$368.76
Days on Market97
Property Features for 17648 N 32nd St
General Information
Standard status
Active
Size
2,305 SF
Lease Type
NNN
Site & Location
Neighborhood
Paradise Valley
Amenities
signage
Building Details
Year Built
1981
Listing Agency:
COBE Real Estate, Inc.
Listed By:
Timothy Zaharis · License #BR577140000
(480) 628-6363
Source:
Gileshometeamaz
Added: Jul 24
Changed: Oct 26
Last Checked: Oct 28 at 10:05AM
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, Inc.
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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
Estimated NOI and Cap Rate
NOI / Yr
$24,662
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,240
$493.2K
Cap Rate 7%
$352,314
$352.3K
Cap Rate 9%
$274,022
$274.0K
Market Conditions
NOI Build-Up for 2,305 SF
Gross rent
$39.3K $17.04/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$35.2K $15.28/SF
− OpEx
−$10.6K −$4.59/SF
NOI
$24.7K $10.70/SF
Area
ZIP 85032
Vacancy
10.30%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,240
Cap Rate 7%
$352,314
Cap Rate 9%
$274,022
Alternative Uses
Best Use
Retail
$352.3K
$308.3K – $411.0K
NOI $24,662 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$696.7K
$609.7K – $812.9K
NOI $48,772 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
Explore this area
Business Placement
Demographics for 85032, AZ
68,710
Population
30,386
Households
2.3
Avg Household Size
38
Median Age
34%
College-Educated
89%
High-School Grad
12.4 sq mi
ZIP Area
5,541
Density / Sq Mi
$74,331
Median Household Income
$44,790
Median Earnings
$1,492
Median Rent
$387,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Phoenix, AZ
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
