Flex Space with
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For Sale
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2330 W Parkside Ln, Phoenix, AZ 85027
Versatile commercial unit combining private offices, reception, kitchen, bullpen, and warehouse functionality.
Property Size3,018 SF
Price / SF$135.85
Days on Market3
Property Features for 2330 W Parkside Ln
General Information
Standard status
Active
Size
3,018 SF
Total Parking Spaces
4
Property subtype
INDUSTRIAL
Zoning
CP-BP
Warehouse & Industrial
Clear Height
21 ft
Drive-In Doors
1
Power
250 amps
Voltage
480 V
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Additional Details
Asking Price
$410,000
Building Details
Year Built
2007
Listing Agency:
DAUM Commercial Real Estate Services | Phoenix
(602) 957-7300
Listed By:
Chris Rogers · License #SA634966000
(602) 513-0555
Source:
Moodyscre
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 12 at 3:02PM
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 DAUM Commercial Real Estate Services | Phoenix
Investment Insights
Based on property information with market context.
Unit G-110 is a 3,018-square-foot flex property with a practical blend of office and warehouse space. The layout includes four private offices, reception, a large kitchen, bullpen area, restroom, and approximately 20% office with 80% warehouse. The warehouse is insulated and evaporatively cooled, with a grade-level door measuring 12 feet by 14 feet and clear height ranging from 19 to 21 feet.
Built in 2007, the property provides 250 amps of 277/480V power and is zoned CP-BP by the City of Phoenix. Parking includes four reserved spaces, with up to 2.85 spaces per 1,000 square feet available in total. Cox and CenturyLink services are available, and existing furniture may also be purchased separately.
Built in 2007, the property provides 250 amps of 277/480V power and is zoned CP-BP by the City of Phoenix. Parking includes four reserved spaces, with up to 2.85 spaces per 1,000 square feet available in total. Cox and CenturyLink services are available, and existing furniture may also be purchased separately.
Key Highlights
- 3,018 SF Unit G‑110 with approximately 20% office and 80% warehouse
- Four private offices, reception, large kitchen, bullpen, and restroom
- 250 AMPS 277/480V power service
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
$33,145
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
8.08%
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%
$662,900
$662.9K
Cap Rate 7%
$473,500
$473.5K
Cap Rate 9%
$368,278
$368.3K
Market Conditions
NOI Build-Up for 3,018 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
$57.9K $19.20/SF
− Vacancy
−$7.0K −$2.30/SF
EGI
$51.0K $16.90/SF
− OpEx
−$17.8K −$5.91/SF
NOI
$33.1K $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 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%
$662,900
Cap Rate 7%
$473,500
Cap Rate 9%
$368,278
Alternative Uses
Best Use
Flex RnD
$473.5K
$414.3K – $552.4K
NOI $33,145 @ 7.0% cap · market cap 8.08%
Second Best
Warehouse
$329.3K
$288.2K – $384.2K
NOI $23,052 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$914.2K
$799.9K – $1.07M
NOI $63,992 @ 7.0% cap · market cap 15.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
21 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85027, AZ
38,343
Population
17,458
Households
2.2
Avg Household Size
36
Median Age
29%
College-Educated
92%
High-School Grad
11.7 sq mi
ZIP Area
3,277
Density / Sq Mi
$73,255
Median Household Income
$46,338
Median Earnings
$1,488
Median Rent
$316,100
Median Home Value
Market
Vacancy Rate% for Industrial in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial unit combining private offices, reception, kitchen, bullpen, and warehouse functionality.
Where is this flex space located?
The property is located at 2330 W Parkside Ln Phoenix, AZ.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 3,018 SF Unit G‑110 with approximately 20% office and 80% warehouse; Four private offices, reception, large kitchen, bullpen, and restroom; 250 AMPS 277/480V power service
