Flex Space with Overhead
For Sale
Contact for pricing
1808 S 1st Ave, Phoenix, AZ 85003
Flex space with large overhead crane, 16-ft clear height, and EVAP-cooled warehouse plus AC-cooled office.
Property Size6,465 SF
Price / SF$201.08
Days on Market116
Property Features for 1808 S 1st Ave
General Information
Standard status
Active
Size
6,465 SF
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
Central City
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
16 ft
Mezzanine
800 SF
Voltage
480 V
Three-Phase Power
Yes
Sprinkler System
Yes
Conditioned Warehouse
Yes
Building Details
Construction
block
Listing Agency:
LevRose Commercial Real Estate
(480) 947-0600
Listed By:
Landon McKernan · License #SA690813000
(916) 872-7909
Source:
Moodyscre
Added: Jul 6
Changed: Oct 25
Last Checked: Oct 28 at 11:46AM
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 LevRose Commercial Real Estate
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Investment Insights
Based on property information with market context.
This flex space features block construction and a large overhead crane, supported by a fully sprinklered warehouse environment. The facility includes an EVAP-cooled warehouse area and an AC-cooled office for temperature-controlled operations, along with a fully fenced yard/parking area.
Interior clear height is 16 ft, with approximately 1,800 SF of mezzanine for additional workspace or storage. Electrical service includes 3-phase power at 480V, providing capacity for a range of light industrial or distribution uses.
Total property size is 6,465 SF, making it well-suited for tenants seeking a climate-controlled flex configuration with powered support and an overhead crane for handling equipment and materials.
Interior clear height is 16 ft, with approximately 1,800 SF of mezzanine for additional workspace or storage. Electrical service includes 3-phase power at 480V, providing capacity for a range of light industrial or distribution uses.
Total property size is 6,465 SF, making it well-suited for tenants seeking a climate-controlled flex configuration with powered support and an overhead crane for handling equipment and materials.
Key Highlights
- Block construction with large overhead crane
- 16 ft clear height for warehouse operations
- EVAP‑cooled warehouse with AC‑cooled office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,001
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,420,020
$1.4M
Cap Rate 7%
$1,014,300
$1.0M
Cap Rate 9%
$788,900
$788.9K
Market Conditions
NOI Build-Up for 6,465 SF
Gross rent
$124.1K $19.20/SF
− Vacancy
−$14.9K −$2.30/SF
EGI
$109.2K $16.90/SF
− OpEx
−$38.2K −$5.91/SF
NOI
$71.0K $10.98/SF
Area
Phoenix, AZ
Vacancy
12.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,420,020
Cap Rate 7%
$1,014,300
Cap Rate 9%
$788,900
Alternative Uses
Best Use
Flex RnD
$1.01M
$887.5K – $1.18M
NOI $71,001 @ 7.0% cap · market cap 5.46%
Second Best
Warehouse
$705.4K
$617.3K – $823.0K
NOI $49,381 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $137,081 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
16 ft
Clear height
Yes
Sprinkler system
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85003, AZ
11,042
Population
6,117
Households
1.8
Avg Household Size
37
Median Age
45%
College-Educated
87%
High-School Grad
1.9 sq mi
ZIP Area
5,812
Density / Sq Mi
$56,672
Median Household Income
$55,122
Median Earnings
$1,258
Median Rent
$577,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Flex space - Flex space with large overhead crane, 16-ft clear height, and EVAP-cooled warehouse plus AC-cooled office.
Where is this flex space located?
The property is located at 1808 S 1st Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Block construction with large overhead crane; 16 ft clear height for warehouse operations; EVAP‑cooled warehouse with AC‑cooled office
