Contractor Yard Flex
1806 W Sherman Street Phoenix, AZ 85007
1806 W Sherman Street, Phoenix, AZ, 85007
$349,900
For Sale
$349,900
Flex property with office updates, front parking, and a patio, backed by substantial rear storage expansion space.
Property Size666 SF
Price / SF$525.38
Days on Market89
Property Features for 1806 W Sherman Street
General Information
- Standard status
- Active
- Size
- 666 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1936
Listing agency
Grayson Real Estate
(602) 418-0350
Listed by
Keith Grayson · License #BR636932000
(602) 418-0350
Source
Exitrealty
Added: Apr 24 Updated: Jul 20 at 8:08PM Checked: Jul 21 at 3:53AM
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 Grayson Real Estate
Investment Insights
Based on property information with market context.
This contractor-yard style flex property includes an office with freshly painted interior and exterior, new LVP flooring, updated plumbing, and a newly installed roofing system. Inside, the layout features tile flooring, a private full bathroom, an open kitchenette, aluminum windows, and a patio. The building also provides a front parking area.
The property is zoned C-3 and offers a substantial rear area that can be used for storage, including the option to add shipping containers or build a small warehouse. It is suited for owners looking to combine administrative office use with additional on-site storage and operations.
With ongoing interior and exterior improvements already in place, the site is configured to support flexible office-and-yard needs under its existing C-3 zoning.
The property is zoned C-3 and offers a substantial rear area that can be used for storage, including the option to add shipping containers or build a small warehouse. It is suited for owners looking to combine administrative office use with additional on-site storage and operations.
With ongoing interior and exterior improvements already in place, the site is configured to support flexible office-and-yard needs under its existing C-3 zoning.
Key Highlights
- Flex contractor yard with office space built in 1936
- Zoned C‑3
- Front parking area plus a patio
Local Financial Insights For Office B
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 | $20.5k | $30.72 |
| − Vacancy | −$5.3k | −$7.90 |
| EGI | $15.2k | $22.82 |
| − OpEx | −$3.8k | −$5.71 |
| NOI | $11.4k | $17.12 |
666 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$162.9K
$142.5K – $190.0K
NOI $11,401 @ 7.0% cap · market cap 3.26%
Second Best
Flex RnD
$104.5K
$91.4K – $121.9K
NOI $7,314 @ 7.0% cap · market cap 2.09%
Theoretical Best
Office A
$201.7K
$176.5K – $235.4K
NOI $14,122 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex property with office updates, front parking, and a patio, backed by substantial rear storage expansion space.
Where is this flex space located?
The property is located at 1806 W Sherman Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Flex contractor yard with office space built in 1936; Zoned C‑3; Front parking area plus a patio
