Phoenix Flex Space with
For Sale
Contact for pricing
2930 E Washington St, Phoenix, AZ 85034
Flex space with fenced yard and light rail access.
Property Size5,750 SF
Price / SF$200
Days on Market773
Property Features for 2930 E Washington St
General Information
Standard status
Active
Size
5,750 SF
Property subtype
Industrial
Zoning
A-1
Listing Agency:
MHG Commercial
Listed By:
Nicholas Skogen · License #SA669539000
(602) 750-6986
Source:
Crexi
Added: Aug 31, 2024
Changed: Oct 6
Last Checked: Oct 11 at 6:02AM
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 MHG Commercial
Investment Insights
Based on property information with market context.
This property offers a fenced yard and convenient access to the light rail. The space features grade-level loading for efficient logistics and a clear height of 12 feet. The property is comprised of 80% warehouse space, suitable for storage and operations, and 20% office space for administrative purposes. The total property size is 5750 square feet.
Key Highlights
- Light rail connectivity for optimal transportation
- 80% warehouse space** for storage and operations
- 12‑foot clear height suitable for various industrial needs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,149
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,262,980
$1.3M
Cap Rate 7%
$902,129
$902.1K
Cap Rate 9%
$701,656
$701.7K
Market Conditions
NOI Build-Up for 5,750 SF
Gross rent
$110.4K $19.20/SF
− Vacancy
−$13.2K −$2.30/SF
EGI
$97.2K $16.90/SF
− OpEx
−$34.0K −$5.91/SF
NOI
$63.1K $10.98/SF
Area
Phoenix, AZ
Vacancy
12.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,262,980
Cap Rate 7%
$902,129
Cap Rate 9%
$701,656
Alternative Uses
Best Use
Flex RnD
$902.1K
$789.4K – $1.05M
NOI $63,149 @ 7.0% cap · market cap 5.49%
Second Best
Industrial
$516.7K
$452.1K – $602.8K
NOI $36,169 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,921 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Phoenix, AZ
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space with fenced yard and light rail access.
Where is this flex space located?
The property is located at 2930 E Washington St Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Light rail connectivity for optimal transportation; 80% warehouse space** for storage and operations; 12‑foot clear height suitable for various industrial needs
