Owner-User Industrial
For Sale
Contact for pricing
2406 S 24th St, Phoenix, AZ 85034
Industrial warehouse with 100% HVAC, abundant power, and POA coverage for multiple building and site systems.
Property Size4,522 SF
Price / SF$218.93
Days on Market143
Property Features for 2406 S 24th St
General Information
Standard status
Active
Size
4,522 SF
Property subtype
INDUSTRIAL
Zoning
A2
Additional Details
Highway Access
Yes
Listing Agency:
ORION Investment Real Estate
(602) 686-4049
Listed By:
Brett Ranta · License #SA676977000
(602) 686-4049
Source:
Moodyscre
Added: Mar 12
Changed: Jul 28
Last Checked: Jul 31 at 12:46PM
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
Investment Insights
Based on property information with market context.
This owner-user industrial warehouse offers 100% HVAC and abundant power. The property is zoned A2 (City of Phoenix Heavy Industrial) and includes POA coverage for the roof, parking lot, trash, sewer, and water.
Located in central Phoenix with access to Sky Harbor and nearby freeway connections, the site is positioned to support logistics and industrial operations.
POA coverage helps manage several building and infrastructure components, which can reduce ongoing maintenance complexity for an owner-occupant.
Located in central Phoenix with access to Sky Harbor and nearby freeway connections, the site is positioned to support logistics and industrial operations.
POA coverage helps manage several building and infrastructure components, which can reduce ongoing maintenance complexity for an owner-occupant.
Key Highlights
- Owner‑user industrial property in central Phoenix near Sky Harbor and freeway access
- 100% HVAC
- Abundant power
Financial Insights For Warehouse
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 | $46.1k | $10.20 |
| − Vacancy | −$5.5k | −$1.21 |
| EGI | $40.6k | $8.99 |
| − OpEx | −$6.1k | −$1.35 |
| NOI | $34.5k | $7.64 |
4,522 SF · lease $10.20/SF/yr · vacancy 11.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$493.4K
$431.8K – $575.7K
NOI $34,540 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,883 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
Well-served
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
Market
Vacancy Rate% for Industrial in Phoenix, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Iron Mountain — 2859 S 18th Pl, Phoenix, AZ 85034
- Xcel Delivery Services — 2820 S 18th Pl Ste. 100, Phoenix, AZ 85034
- All Service Moving Phoenix — 2141 E Magnolia St Ste. A, Phoenix, AZ 85034
- Sky Harbor Business Park — 1759 E University Dr, Phoenix, AZ 85034
- Alliance Professional Moving — 2141 E Magnolia St, Phoenix, AZ 85034
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with 100% HVAC, abundant power, and POA coverage for multiple building and site systems.
Where is this warehouse located?
The property is located at 2406 S 24th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Owner‑user industrial property in central Phoenix near Sky Harbor and freeway access; 100% HVAC; Abundant power
