Industrial
2259 W SHANGRI LA RD, Phoenix, AZ 85029
For Sale
Contact for pricing
A-1 zoning applies to the site.
Property Size14,956 SF
Price / SF$207.27
Days on Market8
Property Features for 2259 W SHANGRI LA RD
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Listing Agency:
Matthews
Listed By:
John Stroud · License AZ #691768000
(515) 419-0718
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 4:43PM
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 Matthews
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The industrial property encompasses 14,956 square feet and is zoned A-1.
Key Highlights
- 14,956 SF industrial property
- A‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,078
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,881,560
$1.9M
Cap Rate 7%
$1,343,971
$1.3M
Cap Rate 9%
$1,045,311
$1.0M
Market Conditions
NOI Build-Up for 14,956 SF
Gross rent
$152.6K $10.20/SF
− Vacancy
−$18.2K −$1.21/SF
EGI
$134.4K $8.99/SF
− OpEx
−$40.3K −$2.70/SF
NOI
$94.1K $6.29/SF
Area
Phoenix, AZ
Vacancy
11.90%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,881,560
Cap Rate 7%
$1,343,971
Cap Rate 9%
$1,045,311
Alternative Uses
Best Use
Industrial
$1.34M
$1.18M – $1.57M
NOI $94,078 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.53M
$3.96M – $5.29M
NOI $317,121 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,519
Businesses Nearby
Explore this area
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
$307,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Industrial properties in Phoenix, AZ
Properties on Market for Industrial properties in Phoenix
Vacancy Rate% for Industrial in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Industrial property - A-1 zoning applies to the site.
Where is this industrial property located?
The property is located at 2259 W SHANGRI LA RD Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 14,956 SF industrial property; A‑1 zoning
