Live-Work Property with Service
2045 S 6TH Avenue, Phoenix, AZ 85003
For Sale
New
$395,000
A-1 zoning and multiple work areas support a range of service-oriented operations alongside a residential component.
Property Size1,372 SF
Price / SF$287.90
Days on Market4
Property Features for 2045 S 6TH Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Automotive
Service Bays
Automotive Uses
Additional Details
Tenant in Place
Amenities
garage
2 car building
Building Details
Buildings
Listing Agency:
Prestige Realty
(602) 944-2100
Listed By:
Richard P Vairo
(602) 469-4411
Source:
Realtorbevb
Added: Nov 4
Changed: Nov 7
Last Checked: Nov 7 at 8:02PM
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 Prestige Realty
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Investment Insights
Based on property information with market context.
This live-work property combines a house with a garage, three large work bays, and a separate older two-car building. The residence has one large bedroom, two bathrooms, and 1,372 square feet. Its A-1 zoning is stated in the property information. The home is currently occupied on a month-to-month basis.
The property is near freeways, light rail, and downtown Phoenix. The shop and residence are identified as available for lease together, while the home is currently rented month to month.
The property is near freeways, light rail, and downtown Phoenix. The shop and residence are identified as available for lease together, while the home is currently rented month to month.
Key Highlights
- Three large work bays, a garage, and a separate older two‑car building
- 1,372‑square‑foot residence with one large bedroom and two bathrooms
- A‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,487
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,740
$469.7K
Cap Rate 7%
$335,529
$335.5K
Cap Rate 9%
$260,967
$261.0K
Market Conditions
NOI Build-Up for 1,372 SF
Gross rent
$42.1K $30.72/SF
− Vacancy
−$10.8K −$7.90/SF
EGI
$31.3K $22.82/SF
− OpEx
−$7.8K −$5.71/SF
NOI
$23.5K $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%
$469,740
Cap Rate 7%
$335,529
Cap Rate 9%
$260,967
Alternative Uses
Best Use
Office B
$335.5K
$293.6K – $391.5K
NOI $23,487 @ 7.0% cap · market cap 5.95%
Second Best
Mixed Use
$249.9K
$218.7K – $291.6K
NOI $17,493 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$415.6K
$363.6K – $484.9K
NOI $29,091 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
3
Service bays
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
823
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Live-work space - A-1 zoning and multiple work areas support a range of service-oriented operations alongside a residential component.
Where is this live-work space located?
The property is located at 2045 S 6TH Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Three large work bays, a garage, and a separate older two‑car building; 1,372‑square‑foot residence with one large bedroom and two bathrooms; A‑1 zoning
