Office Building with Rear
1806 W Sherman St Phoenix, AZ 85007
1806 W Sherman St, Phoenix, AZ, 85007
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For Sale
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Office building with front parking, freshly painted interior/exterior, new roofing, and a private full bath with kitchenette.
Property Size665 SF
Price / SF$466.02
Days on Market120
Property Features for 1806 W Sherman St
General Information
- Standard status
- Active
- Size
- 665 SF
- Property subtype
- Office
Building Details
- Year Built
- 1936
Listing agency
Grayson & Grayson
(602) 418-2950
Listed by
Keith Grayson · License #BR636932000
Source
Crexi
Added: Mar 26 Updated: Jul 21 at 6:59AM Checked: Jul 22 at 6:20PM
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 & Grayson
Investment Insights
Based on property information with market context.
This office building offers a mix of functional interior space and outdoor use, with tile flooring, a private full bathroom, an open kitchenette, aluminum windows, ceiling fans, and a rear patio. The property has been updated with freshly painted interior and exterior finishes and a new roofing system. For site access and operations, there are two new drive gates, and a front parking area supports arrival and turnover.
The property is zoned C-3, providing a broader framework for commercial uses. There is also additional space toward the rear that could accommodate storage needs, including the option to add shipping containers or build a small warehouse for extra storage, subject to applicable requirements.
Overall, this is a straightforward office building configuration with practical on-site parking, improved exterior and roof, and ready-to-use interior components for a user seeking dedicated private amenities and an outdoor patio area.
The property is zoned C-3, providing a broader framework for commercial uses. There is also additional space toward the rear that could accommodate storage needs, including the option to add shipping containers or build a small warehouse for extra storage, subject to applicable requirements.
Overall, this is a straightforward office building configuration with practical on-site parking, improved exterior and roof, and ready-to-use interior components for a user seeking dedicated private amenities and an outdoor patio area.
Key Highlights
- Office building built in 1936 with C‑3 zoning
- Front parking area plus two new drive gates
- Freshly painted interior and exterior
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 | $20.4k | $30.72 |
| − Vacancy | −$5.3k | −$7.90 |
| EGI | $15.2k | $22.82 |
| − OpEx | −$3.8k | −$5.71 |
| NOI | $11.4k | $17.12 |
665 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$162.6K
$142.3K – $189.7K
NOI $11,384 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$201.4K
$176.3K – $235.0K
NOI $14,100 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Office building with front parking, freshly painted interior/exterior, new roofing, and a private full bath with kitchenette.
Where is this office units located?
The property is located at 1806 W Sherman St Phoenix, AZ.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Office building built in 1936 with C‑3 zoning; Front parking area plus two new drive gates; Freshly painted interior and exterior
