Free-Standing Warehouse with Fenced
For Sale
Contact for pricing
23630 N 35th Dr, Glendale, AZ 85310
Free-standing warehouse with no shared walls, 80% HVAC coverage, and a small fenced yard for controlled storage.
Property Size12,264 SF
Price / SF$260.93
Days on Market412
Property Features for 23630 N 35th Dr
General Information
Standard status
Active
Size
12,264 SF
Property subtype
INDUSTRIAL
Additional Details
Fenced Yard
Yes
Listing Agency:
ORION Investment Real Estate
(480) 634-6934
Listed By:
Jay Krew
(602) 768-3704
Source:
Moodyscre
Added: Sep 15, 2025
Changed: Oct 25
Last Checked: Oct 30 at 6:10PM
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 ORION Investment Real Estate
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Investment Insights
Based on property information with market context.
This free-standing warehouse offers a private layout with no shared walls. The building includes 80% HVAC coverage, supporting year-round comfort for many industrial and light distribution uses. A small fenced yard provides an enclosed area for controlled outdoor storage or staging.
The property is located at 23630 N 35th Dr, Glendale, AZ 85310.
With its standalone configuration, HVAC coverage, and fenced yard, the space is well suited for users looking for an independent warehouse operation with both interior climate support and a limited outdoor area.
The property is located at 23630 N 35th Dr, Glendale, AZ 85310.
With its standalone configuration, HVAC coverage, and fenced yard, the space is well suited for users looking for an independent warehouse operation with both interior climate support and a limited outdoor area.
Key Highlights
- 12,264 SF free‑standing warehouse with no shared walls
- 80% HVAC coverage
- Small fenced yard for controlled outdoor storage or staging
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,217
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,344,340
$2.3M
Cap Rate 7%
$1,674,529
$1.7M
Cap Rate 9%
$1,302,411
$1.3M
Market Conditions
NOI Build-Up for 12,264 SF
Gross rent
$156.0K $12.72/SF
− Vacancy
−$18.1K −$1.48/SF
EGI
$137.9K $11.24/SF
− OpEx
−$20.7K −$1.69/SF
NOI
$117.2K $9.56/SF
Area
Glendale, AZ
Vacancy
11.60%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,344,340
Cap Rate 7%
$1,674,529
Cap Rate 9%
$1,302,411
Alternative Uses
Best Use
Warehouse
$1.67M
$1.47M – $1.95M
NOI $117,217 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.85M
$3.37M – $4.49M
NOI $269,659 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85310, AZ
19,315
Population
7,269
Households
2.7
Avg Household Size
42
Median Age
45%
College-Educated
97%
High-School Grad
9.2 sq mi
ZIP Area
2,099
Density / Sq Mi
$117,095
Median Household Income
$59,905
Median Earnings
$2,087
Median Rent
$489,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Warehouse - Free-standing warehouse with no shared walls, 80% HVAC coverage, and a small fenced yard for controlled storage.
Where is this warehouse located?
The property is located at 23630 N 35th Dr Glendale, AZ.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 12,264 SF free‑standing warehouse with no shared walls; 80% HVAC coverage; Small fenced yard for controlled outdoor storage or staging
