Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Phoenix Industrial Land For Sale Title is generated by Realmo AI

    2801-2817 E Illini St, Phoenix, AZ

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    1.87 AC industrial site near I-10 and Sky Harbor.

    Type:INDUSTRIAL
    Property size:
    10,300 SF
    Lot size:
    1.24 Acres
    Added:
    Apr 12, 2025
    Days on Market:
    422
    Last Refresh:
    May 20 at 8:14 pm

    Property Features for 2801-2817 E Illini St

    General Information

    Standard status
    Active
    Size
    10,300 SF
    Lot size
    1.24 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Max Schumacher
    Max Schumacher

    Listing agent Max Schumacher

    Listing office Rein & Grossoehme

    Listing date Apr 12, 2025

    Source Moodyscre

    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 Rein & Grossoehme

    HighLights

    • Adjacent to I‑10 and Phoenix Sky Harbor Airport
    • ±1.87 AC (81,457 SF) Site with ±0.63 AC (27,478 SF) Reinforced Concrete Yard
    • Located in a Qualified Opportunity Zone
    • Six (6) Points of Ingress/Egress
    • Power: 1,050 AMPS To Site (Buyer to Verify)
    • Zoned A‑1/A‑2

    Overview

    This property features an approximate 1.87-acre (81,457 square feet) site with an approximate 0.63-acre (27,478 square feet) reinforced concrete yard. The site benefits from six points of ingress and egress. It is located in a Qualified Opportunity Zone and is zoned A-1/A-2. The property is situated adjacent to I-10 and Phoenix Sky Harbor Airport. Power to the site is 1,050 AMPS, which the buyer is advised to verify. The property's APN numbers are 122-19-031C, 122-19-029B, 122-19-031D, and 122-19-027.
    Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.021
    Latitude
    33.4122

    Nearby Similar for Sale

    • $1,900,000
      6,894 SF

      Phoenix Behavioral Health Center

      City licensed 10-bed behavioral health center on 0.89 acres.
      1522 W MYRTLE Avenue, Phoenix, AZ 85021
      View Details
    • $785,000
      2,853 SF

      Phoenix Assisted Living Facility

      Assisted living home with license for 10 residents.
      607 W VILLA RITA Drive, Phoenix, AZ 85023
      View Details
    • $1,100,000
      1,150 SF

      Uptown Phoenix Multifamily Compound

      Rare fourplex compound on a large lot in Uptown Phoenix.
      746 W COOLIDGE Street, Phoenix, AZ 85013
      View Details
    • $699,000

      Phoenix Commercial Land Opportunity

      C-2 zoned land parcel in central Phoenix.
      1125 N 7TH Street, Phoenix, AZ 85006
      View Details
    • $499,900

      Phoenix Land in Sanctuary Development

      Large 1+ acre hillside lot in Ahwatukee Foothills.
      1960 E CLUBHOUSE Drive, Phoenix, AZ 85048
      View Details
    • $499,000

      Phoenix Multifamily Value-Add Opportunity

      Multifamily property with two separate structures in central Phoenix.
      1212 E TAYLOR Street, Phoenix, AZ 85006
      View Details
    • $550,000
      1,741 SF

      Phoenix Assisted Living Investment Property

      Assisted living property with tenant in place until 2027.
      4305 E BRIARWOOD Terrace, Phoenix, AZ 85048
      View Details
    • $500,000

      Prime Hillside Lot Opportunity

      1.13-acre corner lot with panoramic views in gated community.
      2516 W PRAIANO Way, Phoenix, AZ 85086
      View Details
    • $900,000

      Remodeled Multifamily Property in Phoenix

      Turnkey investment with immediate cash flow in Phoenix, Arizona.
      2925 N 38TH Street, Phoenix, AZ 85018
      View Details
    • $475,000

      Phoenix Land with City Views

      Land with city views, near mountain preserve, utilities available.
      11615 N 16TH Place N, Phoenix, AZ 85020
      View Details
    • $619,900
      1,485 SF

      Turnkey Phoenix Short-Term Rental

      Fully renovated, furnished 3-unit property with strong rental income.
      1515 W TONTO Street, Phoenix, AZ 85007
      View Details
    • $625,000

      Value-Add Opportunity in Downtown Phoenix

      Mixed-use property with income potential in a developing urban neighborhood.
      215 N 12TH Avenue, Phoenix, AZ 85007
      View Details

    FAQs

    What type of property is this?
    Industrial property - 1.87 AC industrial site near I-10 and Sky Harbor.
    Where is this industrial property located?
    The property is located at 2801-2817 E Illini St Phoenix, AZ.
    What are key features of this property?
    This property features: Adjacent to I‑10 and Phoenix Sky Harbor Airport; **±1.87 AC (81,457 SF) Site with ±0.63 AC (27,478 SF) Reinforced Concrete Yard**; Located in a Qualified Opportunity Zone
    (480) 214-9400 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Max Schumacher
    Max Schumacher
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2801-2817 E Illini St, Phoenix, AZ
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!