Goodyear Commercial Tire Service
3007 N 31st Ave, Phoenix, AZ 85017
For Sale
Contact for pricing
The corporate-leased facility operates under an absolute NNN structure with no landlord responsibilities.
Property Size22,853 SF
Lot Size1.54 Acres
Price / SF$252.05
Days on Market12
Property Features for 3007 N 31st Ave
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Road Access
Tenancy & Operations
Tenant in Place
In-Place Lease Type
Current Tenants
Real Estate Included
Additional Details
Automotive Uses
Building Details
Buildings
Tenancy
Listing Agency:
Pegasus Investments
Listed By:
Tony Veiller · License CA #01995952
(310) 691-1350
Source:
Crexi
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 8 at 4:35PM
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 Pegasus Investments
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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 automotive service property includes a ±22,853 SF building on a ±1.54-acre site. The property is leased to The Goodyear Tire & Rubber Company under a 100% absolute NNN lease, with no landlord responsibilities. More than ten years remain in the current lease term, which includes 10% rent increases every five years and six five-year renewal options.
The site is near Interstate 17 and Interstate 10 in West Phoenix. The two corridors are identified with traffic volumes of approximately 200,000 and 270,000 vehicles per day, respectively. The surrounding area includes industrial districts and Shamrock Foods’ Arizona distribution center.
The site is near Interstate 17 and Interstate 10 in West Phoenix. The two corridors are identified with traffic volumes of approximately 200,000 and 270,000 vehicles per day, respectively. The surrounding area includes industrial districts and Shamrock Foods’ Arizona distribution center.
Key Highlights
- ±22,853 SF building on a ±1.54‑acre site
- 100% absolute NNN lease with no landlord responsibilities
- Corporate lease to The Goodyear Tire & Rubber Company
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$258,289
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,165,780
$5.2M
Cap Rate 7%
$3,689,843
$3.7M
Cap Rate 9%
$2,869,878
$2.9M
Market Conditions
NOI Build-Up for 22,853 SF
Gross rent
$411.4K $18.00/SF
− Vacancy
−$42.4K −$1.85/SF
EGI
$369.0K $16.15/SF
− OpEx
−$110.7K −$4.84/SF
NOI
$258.3K $11.30/SF
Area
Phoenix, AZ
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%
$5,165,780
Cap Rate 7%
$3,689,843
Cap Rate 9%
$2,869,878
Alternative Uses
Best Use
Retail
$3.69M
$3.23M – $4.30M
NOI $258,289 @ 7.0% cap · market cap 4.48%
Second Best
Industrial
$2.05M
$1.80M – $2.40M
NOI $143,753 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$6.92M
$6.06M – $8.08M
NOI $484,566 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,653
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
$242,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Auto shops in Phoenix, AZ
Properties on Market for Auto shops in Phoenix
Vacancy Rate% for Retail in Phoenix, AZ
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- Integrity A/C Auto Climas LLC — 2215 N 35th Ave, Phoenix, AZ 85009
- Pacific Radiator — 3501 W Encanto Blvd, Phoenix, AZ 85009
Frequently Asked Questions
What type of property is this?
Auto shop - The corporate-leased facility operates under an absolute NNN structure with no landlord responsibilities.
Where is this auto shop located?
The property is located at 3007 N 31st Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $5,760,000.
What are key features of this property?
This property features: ±22,853 SF building on a ±1.54‑acre site; 100% absolute NNN lease with no landlord responsibilities; Corporate lease to The Goodyear Tire & Rubber Company
