Free-Standing Industrial Building For
For Sale
$1,100,000
2326 E Washington Street, Phoenix, AZ 85034
4,560 SF industrial building with fenced yard and signage.
Property Size4,560 SF
Price / SF$241.23
Days on Market201
Property Features for 2326 E Washington Street
General Information
Standard status
Active
Size
4,560 SF
Property subtype
Industrial
Building Details
Building Size
4,560 SF
Year Built
1945
Properties For Sale
at 2326 E Washington Street
Available Space
Size
4,560 SF
Lease Type
NNN
Listing Agency:
DAUM Commercial Real Estate Services | Phoenix
Listed By:
Jeff Hambro · License #AZ SA670834000
(602) 957-7300
Source:
Daumcommercial
Added: Mar 26
Changed: Sep 14
Last Checked: Oct 11 at 2:57AM
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 DAUM Commercial Real Estate Services | Phoenix
Investment Insights
Based on property information with market context.
This 4,560 square foot free-standing industrial building is for sale and zoned A-1 in Phoenix. Approximately 25% of the building is office space, which includes a reception area, five offices, a breakroom, and three restrooms. The warehouse area features a 14-foot clear height, three 10'x10' roll-up doors, and evaporative coolers. The property includes a fenced yard with security cameras and monument signage. It is located on Washington Street, offering close proximity to multiple freeways and is less than one mile from Sky Harbor Airport. The property is also located in an Opportunity Zone.
Key Highlights
- 4,560sf free‑standing industrial building
- Zoned A‑1, Phoenix
- Close proximity to multiple freeways and less than one mile to Sky Harbor Airport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,080
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,001,600
$1.0M
Cap Rate 7%
$715,429
$715.4K
Cap Rate 9%
$556,444
$556.4K
Market Conditions
NOI Build-Up for 4,560 SF
Gross rent
$87.6K $19.20/SF
− Vacancy
−$10.5K −$2.30/SF
EGI
$77.0K $16.90/SF
− OpEx
−$27.0K −$5.91/SF
NOI
$50.1K $10.98/SF
Area
Phoenix, AZ
Vacancy
12.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,001,600
Cap Rate 7%
$715,429
Cap Rate 9%
$556,444
Alternative Uses
Best Use
Flex RnD
$715.4K
$626.0K – $834.7K
NOI $50,080 @ 7.0% cap · market cap 4.55%
Second Best
Industrial
$409.8K
$358.6K – $478.1K
NOI $28,684 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,688 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Phoenix, AZ
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Similar Off Market Nearby
- Fabulous Food — 120 S 26th St, Phoenix, AZ 85034
Frequently Asked Questions
What type of property is this?
Flex space - 4,560 SF industrial building with fenced yard and signage.
Where is this flex space located?
The property is located at 2326 E Washington Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,560sf free‑standing industrial building; Zoned A‑1, Phoenix; Close proximity to multiple freeways and less than one mile to Sky Harbor Airport
