Air-Conditioned Flex
For Sale
Contact for pricing
2915 N 35th Ave, Phoenix, AZ 85017
Conditioned commercial space supports warehouse, office, and industrial functions.
Property Size4,707 SF
Price / SF$1.25
Days on Market72
Property Features for 2915 N 35th Ave
General Information
Standard status
Active
Size
4,707 SF
Site & Location
Neighborhood
Alhambra
Additional Details
Conditioned Warehouse
Yes
Building Details
Year Built
1980
Listing Agency:
West USA Realty
Listed By:
Marco Zazueta · License #SA565538000
(602) 565-7624
Source:
Phoenixmetrohomefinder
Added: Aug 19
Changed: Oct 25
Last Checked: Oct 28 at 8:57AM
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 West USA Realty
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Investment Insights
Based on property information with market context.
This 4,707-square-foot flex property combines warehouse, office, and industrial space within a fully air-conditioned building. The available area provides a versatile commercial configuration for occupants seeking both work and storage functionality under one roof.
Constructed in 1980, the property is located at 2915 N 35th Ave in Phoenix, Arizona. Its position on 35th Avenue provides street-facing exposure, while the combination of conditioned space and multiple commercial functions supports a range of flex-space requirements.
Constructed in 1980, the property is located at 2915 N 35th Ave in Phoenix, Arizona. Its position on 35th Avenue provides street-facing exposure, while the combination of conditioned space and multiple commercial functions supports a range of flex-space requirements.
Key Highlights
- Approximately 4,707 square feet available
- Fully air‑conditioned flex warehouse and office space
- Supports warehouse, office, and industrial uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,609
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,180
$592.2K
Cap Rate 7%
$422,986
$423.0K
Cap Rate 9%
$328,989
$329.0K
Market Conditions
NOI Build-Up for 4,707 SF
Gross rent
$48.0K $10.20/SF
− Vacancy
−$5.7K −$1.21/SF
EGI
$42.3K $8.99/SF
− OpEx
−$12.7K −$2.70/SF
NOI
$29.6K $6.29/SF
Area
Phoenix, AZ
Vacancy
11.90%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,180
Cap Rate 7%
$422,986
Cap Rate 9%
$328,989
Alternative Uses
Best Use
Flex RnD
$738.5K
$646.2K – $861.6K
NOI $51,694 @ 7.0% cap · market cap 878.55%
Second Best
Warehouse
$513.6K
$449.4K – $599.2K
NOI $35,953 @ 7.0% cap · market cap 611.03%
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,805 @ 7.0% cap · market cap 1,696.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,570
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 85017, AZ
45,279
Population
12,743
Households
3.6
Avg Household Size
26
Median Age
11%
College-Educated
65%
High-School Grad
5.3 sq mi
ZIP Area
8,543
Density / Sq Mi
$51,737
Median Household Income
$29,371
Median Earnings
$1,197
Median Rent
$242,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Phoenix, AZ
Similar Off Market Nearby
- Swanson Services Corporation — 3116 W Thomas Rd # 603, Phoenix, AZ 85017
- CoFam — 3775 N 36th Ave, Phoenix, AZ 85009
Frequently Asked Questions
What type of property is this?
Flex space - Conditioned commercial space supports warehouse, office, and industrial functions.
Where is this flex space located?
The property is located at 2915 N 35th Ave Phoenix, AZ.
What are key features of this property?
This property features: Approximately 4,707 square feet available; Fully air‑conditioned flex warehouse and office space; Supports warehouse, office, and industrial uses
