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 Market25
Property Features for 1808 S 1st Ave
General Information
Standard status
Active
Size
6,465 SF
Property subtype
INDUSTRIAL
Site & Location
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
(916) 872-7909
Listed By:
Landon McKernan · License #SA690813000
(916) 872-7909
Source:
Moodyscre
Added: Jul 6
Changed: Jul 30
Last Checked: Jul 30 at 12:14PM
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
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 For Flex RnD
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 | $124.1k | $19.20 |
| − Vacancy | −$14.9k | −$2.30 |
| EGI | $109.2k | $16.90 |
| − OpEx | −$38.2k | −$5.91 |
| NOI | $71.0k | $10.98 |
6,465 SF · lease $19.20/SF/yr · vacancy 12.00% · expense 35.00%
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.
Property Analytics
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
Market
Vacancy Rate% for Industrial in Phoenix, AZ
Questions? Ask Rey
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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
