Freestanding Retail Building with Patio
For Sale
Contact for pricing
2145 E Van Buren St, Phoenix, AZ 85034
2,184 SF freestanding retail space with potential patio on 0.15 acres, available for lease or sale.
Property Size2,184 SF
Lot Size0.15 Acres
Price / SF$318.22
Days on Market814
Property Features for 2145 E Van Buren St
General Information
Standard status
Active
Size
2,184 SF
Lot size
0.15 Acres
Property subtype
RETAIL
Building Details
Buildings
1
Listing Agency:
LevRose Commercial Real Estate
(602) 376-9797
Listed By:
Sean Lieb · License #742FA625-6C3D-44FC-A693-98BC8ACBDB82
(602) 376-9797
Source:
Moodyscre
Added: May 10, 2024
Changed: Jul 30
Last Checked: Jul 31 at 11:11AM
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.
Freestanding retail space offering 2,184 SF of GLA on 0.15 acres of land. The space is available for lease and sale and includes potential patio space for outdoor customer use.
The property is located at 2145 E Van Buren St in Phoenix, AZ 85034, with convenient regional access as it sits adjacent to the I-10 Freeway and near the VA Hospital.
Ideal for an owner-user or a tenant seeking a standalone retail location, the layout supports retail operations with flexibility for an outdoor patio component.
The property is located at 2145 E Van Buren St in Phoenix, AZ 85034, with convenient regional access as it sits adjacent to the I-10 Freeway and near the VA Hospital.
Ideal for an owner-user or a tenant seeking a standalone retail location, the layout supports retail operations with flexibility for an outdoor patio component.
Key Highlights
- 2,184 SF retail space (GLA)
- 0.15 acres of land
- Freestanding retail building
Financial Insights For Retail
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 | $39.3k | $18.00 |
| − Vacancy | −$4.0k | −$1.85 |
| EGI | $35.3k | $16.15 |
| − OpEx | −$10.6k | −$4.84 |
| NOI | $24.7k | $11.30 |
2,184 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$352.6K
$308.6K – $411.4K
NOI $24,684 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$661.6K
$578.9K – $771.8K
NOI $46,309 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,300
Businesses Nearby
Explore this area
Business Placement
Demographics for 85034, AZ
5,033
Population
2,901
Households
1.7
Avg Household Size
32
Median Age
32%
College-Educated
81%
High-School Grad
11.6 sq mi
ZIP Area
434
Density / Sq Mi
$53,545
Median Household Income
$43,236
Median Earnings
$1,205
Median Rent
$397,400
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 2,184 SF freestanding retail space with potential patio on 0.15 acres, available for lease or sale.
Where is this retail space located?
The property is located at 2145 E Van Buren St Phoenix, AZ.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 2,184 SF retail space (GLA); 0.15 acres of land; Freestanding retail building
