C-2 Commercial Land
1939 W Cactus Rd, Phoenix, AZ 85029
For Sale
$3,700,000
Pending
Paved, fenced grounds support an existing RV rental operation and several permitted commercial uses under C-2 zoning.
Property Size7,955 SF
Days on Market175
Property Features for 1939 W Cactus Rd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
R.O.I. Properties
Listed By:
Aaron Gutierrez · License AZ SA698660000
(602) 396-8004
Source:
Phoenixmetrohomefinder
Added: May 24
Changed: Nov 1
Last Checked: Nov 10 at 11:03AM
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 R.O.I. Properties
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Investment Insights
Based on property information with market context.
This 3.45-acre commercial land parcel includes three masonry structures totaling approximately 8,430 SF. Improvements comprise an approximately 5,939 SF office building, an approximately 2,016 SF warehouse, and an approximately 475 SF utility building, all constructed in 1988. The property is fully paved, enclosed by fencing, and configured with 178 striped parking spaces.
A current RV rental operator occupies the site, providing an existing operating use while future plans are evaluated. C-2 zoning supports a broad range of uses without rezoning, including quick-service restaurants, medical and dental operations, automotive uses, childcare, self-storage, flex space, and offices. The site is located at 1939 W Cactus Rd in Phoenix, Arizona.
A current RV rental operator occupies the site, providing an existing operating use while future plans are evaluated. C-2 zoning supports a broad range of uses without rezoning, including quick-service restaurants, medical and dental operations, automotive uses, childcare, self-storage, flex space, and offices. The site is located at 1939 W Cactus Rd in Phoenix, Arizona.
Key Highlights
- 3.45‑acre C‑2 commercial site at 1939 W Cactus Rd, Phoenix, AZ 85029
- Three masonry structures total approximately 8,430 SF
- Includes approximately 5,939 SF office, 2,016 SF warehouse, and 475 SF utility buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,179
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,723,580
$2.7M
Cap Rate 7%
$1,945,414
$1.9M
Cap Rate 9%
$1,513,100
$1.5M
Market Conditions
NOI Build-Up for 7,955 SF
Gross rent
$244.4K $30.72/SF
− Vacancy
−$62.8K −$7.90/SF
EGI
$181.6K $22.82/SF
− OpEx
−$45.4K −$5.71/SF
NOI
$136.2K $17.12/SF
Area
Phoenix, AZ
Vacancy
25.70%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,723,580
Cap Rate 7%
$1,945,414
Cap Rate 9%
$1,513,100
Alternative Uses
Best Use
Office B
$1.95M
$1.70M – $2.27M
NOI $136,179 @ 7.0% cap · market cap 3.68%
Second Best
Warehouse
$868.0K
$759.5K – $1.01M
NOI $60,762 @ 7.0% cap · market cap 1.64%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,675 @ 7.0% cap · market cap 4.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
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Business Placement
Demographics for 85029, AZ
47,101
Population
19,723
Households
2.4
Avg Household Size
35
Median Age
22%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
5,011
Density / Sq Mi
$60,384
Median Household Income
$37,282
Median Earnings
$1,319
Median Rent
$307,800
Median Home Value
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Market
Properties on Market for Commercial land in Phoenix
Vacancy Rate% for Office in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Commercial land - Paved, fenced grounds support an existing RV rental operation and several permitted commercial uses under C-2 zoning.
Where is this commercial land located?
The property is located at 1939 W Cactus Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: 3.45‑acre C‑2 commercial site at 1939 W Cactus Rd, Phoenix, AZ 85029; Three masonry structures total approximately 8,430 SF; Includes approximately 5,939 SF office, 2,016 SF warehouse, and 475 SF utility buildings
