Detached Retail
For Sale
Contact for pricing
2538 E McDowell Road B, Phoenix, AZ 85008
C-2 zoning, an open interior, and a private restroom support adaptable commercial use.
Property Size1,386 SF
Price / SF$2.06
Days on Market48
Property Features for 2538 E McDowell Road B
General Information
Standard status
Active
Size
1,386 SF
Property subtype
Comm/industry Lease
Listing Agency:
Kosh Realty
(602) 550-4842
Listed By:
Nishel Badiani · License #SA563834000
(602) 920-0150
Source:
Nicolesecrest
Added: Sep 6
Changed: Oct 13
Last Checked: Oct 20 at 8:19PM
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 Kosh Realty
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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.
This 1,386-square-foot detached commercial building offers an open interior layout and a private restroom. The property carries C-2 zoning, supporting retail, office, service, and other commercial applications subject to City approval. It occupies a designated rear building position within a shared commercial parcel that includes an established laundromat.
The property is at 2538 E McDowell Road, B, in Phoenix, near 24th Street and McDowell Road. Access is available to SR-51, Loop 202, and Downtown Phoenix. Its placement near established commercial activity provides a practical setting for a range of approved business uses.
The property is at 2538 E McDowell Road, B, in Phoenix, near 24th Street and McDowell Road. Access is available to SR-51, Loop 202, and Downtown Phoenix. Its placement near established commercial activity provides a practical setting for a range of approved business uses.
Key Highlights
- 1,386 SF detached commercial building
- C‑2 zoning supports retail, office, service, and commercial uses subject to City approval
- Open floor plan with private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,665
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,300
$313.3K
Cap Rate 7%
$223,786
$223.8K
Cap Rate 9%
$174,056
$174.1K
Market Conditions
NOI Build-Up for 1,386 SF
Gross rent
$24.9K $18.00/SF
− Vacancy
−$2.6K −$1.85/SF
EGI
$22.4K $16.15/SF
− OpEx
−$6.7K −$4.84/SF
NOI
$15.7K $11.30/SF
Area
ZIP 85008
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,300
Cap Rate 7%
$223,786
Cap Rate 9%
$174,056
Alternative Uses
Best Use
Office B
$339.0K
$296.6K – $395.5K
NOI $23,727 @ 7.0% cap · market cap 832.53%
Second Best
Retail
$223.8K
$195.8K – $261.1K
NOI $15,665 @ 7.0% cap · market cap 549.65%
Theoretical Best
Office A
$428.3K
$374.8K – $499.7K
NOI $29,983 @ 7.0% cap · market cap 1,052.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
838
Businesses Nearby
Explore this area
Business Placement
Demographics for 85008, AZ
59,047
Population
24,508
Households
2.4
Avg Household Size
30
Median Age
24%
College-Educated
75%
High-School Grad
10.2 sq mi
ZIP Area
5,789
Density / Sq Mi
$61,369
Median Household Income
$36,969
Median Earnings
$1,300
Median Rent
$323,600
Median Home Value
Market
Vacancy Rate% for Office in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Retail space - C-2 zoning, an open interior, and a private restroom support adaptable commercial use.
Where is this retail space located?
The property is located at 2538 E McDowell Road B Phoenix, AZ.
What are key features of this property?
This property features: 1,386 SF detached commercial building; C‑2 zoning supports retail, office, service, and commercial uses subject to City approval; Open floor plan with private restroom
