Industrial Auto Service Warehouse
For Sale
Contact for pricing
2026 N 27TH AVE, Phoenix, AZ 85009
Industrial property on I-1 zoned land with multiple buildings, gated yard, and covered stalls with three-phase utilities.
Property Size18,867 SF
Price / SF$161.66
Days on Market128
Property Features for 2026 N 27TH AVE
General Information
Standard status
Active
Size
18,867 SF
Total Parking Spaces
50
Property subtype
Retail, Office, Industrial
Zoning
I-1
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Heavy Power
Yes
Service Bays
1
Building Details
Year Built
1965
Buildings
5
Listing Agency:
US Investment Realty, LLC
Listed By:
Samuel Vigil · License #SA676418000
(480) 779-7575
Source:
Crexi
Added: May 2
Changed: Aug 27
Last Checked: Sep 5 at 10:01PM
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 US Investment Realty, LLC
Investment Insights
Based on property information with market context.
This industrial warehouse and auto service complex is set on I-1 zoned land over 1 1/2 acres and includes five structures. The site features block wall construction along with wood/steel back buildings, with an interior gated yard area on both the north and south sides of the middle buildings. Three large covered stalls are equipped with three-phase air, water, power, and gas.
The back of the property has two large roller gates for gated access and loading. The front building is currently set up for grayscale space with bathrooms, two separate offices, and an end-unit auto/mechanic area with one bay and garage, plus yard space and a large warehouse with loft offices/storage. The back building includes four large bays and a two-story office. Each area has supporting utilities, including bathrooms, separate power meters and AC, and a water usage meter for the rest/bar.
Newer roof and newer AC units are noted, and the property will be cleared before buyer possession.
The back of the property has two large roller gates for gated access and loading. The front building is currently set up for grayscale space with bathrooms, two separate offices, and an end-unit auto/mechanic area with one bay and garage, plus yard space and a large warehouse with loft offices/storage. The back building includes four large bays and a two-story office. Each area has supporting utilities, including bathrooms, separate power meters and AC, and a water usage meter for the rest/bar.
Newer roof and newer AC units are noted, and the property will be cleared before buyer possession.
Key Highlights
- 1965‑built industrial property on I‑1 zoned land with over 1.5 acres and 5 structures
- Multiple gated areas with front and back gated yard, including 2 large roller gates at the back
- Covered stalls feature 3‑phase air, water, power, and gas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$213,239
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,264,780
$4.3M
Cap Rate 7%
$3,046,271
$3.0M
Cap Rate 9%
$2,369,322
$2.4M
Market Conditions
NOI Build-Up for 18,867 SF
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.
Gross rent
$339.6K $18.00/SF
− Vacancy
−$35.0K −$1.85/SF
EGI
$304.6K $16.15/SF
− OpEx
−$91.4K −$4.84/SF
NOI
$213.2K $11.30/SF
Area
Phoenix, AZ
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,264,780
Cap Rate 7%
$3,046,271
Cap Rate 9%
$2,369,322
Alternative Uses
Best Use
Retail
$3.05M
$2.67M – $3.55M
NOI $213,239 @ 7.0% cap · market cap 6.99%
Second Best
Warehouse
$2.06M
$1.80M – $2.40M
NOI $144,111 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$5.71M
$5.00M – $6.67M
NOI $400,048 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Service bays
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
943
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85009, AZ
50,439
Population
14,873
Households
3.4
Avg Household Size
31
Median Age
7%
College-Educated
59%
High-School Grad
14.7 sq mi
ZIP Area
3,431
Density / Sq Mi
$51,615
Median Household Income
$29,674
Median Earnings
$1,128
Median Rent
$215,300
Median Home Value
Market
Vacancy Rate% for Industrial in Phoenix, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial property on I-1 zoned land with multiple buildings, gated yard, and covered stalls with three-phase utilities.
Where is this warehouse located?
The property is located at 2026 N 27TH AVE Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,050,000.
What are key features of this property?
This property features: 1965‑built industrial property on I‑1 zoned land with over 1.5 acres and 5 structures; Multiple gated areas with front and back gated yard, including 2 large roller gates at the back; Covered stalls feature 3‑phase air, water, power, and gas
