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Fenced Flex Space with Concrete Yard
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3045 W Pima St, Phoenix, AZ 85009

A-1 zoning accommodates a secured contractor-oriented property with office, shop, storage, and outdoor work space.

Property Size3,000 SF
Price / SF$198.33
Days on Market178

Property Features for 3045 W Pima St

General Information

Standard status Active
Size 3,000 SF
Property subtype Industrial, Land, Office
Zoning A-1, City of Phoenix

Site & Location

Highway Access Yes
Fenced Yard Yes
Outdoor Storage Yes

Additional Details

Office Build-Out 1,700 SF

Amenities

fully fenced
secured
concrete yard

Building Details

Buildings 3
Stories 1
Units 1
Listing Agency: Rein & Grossoehme Commercial Real Estate
Listed By: Max Schumacher, SIOR · License #SA678600000
Source: Crexi
Added: Apr 22 Changed: Oct 10 Last Checked: Oct 16 at 8:09AM

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 Commercial Real Estate

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Investment Insights

Based on property information with market context.

This flex property combines approximately 3,000 SF of improvements across three separate structures. The ±1,700 SF house/office provides administrative space, while an ±850 SF shop building includes a restroom. A separate ±450 SF storage building adds enclosed utility space. The site also features a concrete yard suitable for contractor operations and is secured by full perimeter fencing.

Located at 3045 W Pima St in Phoenix, the property is near I-17 and carries A-1 zoning within the City of Phoenix. The combination of office, shop, storage, and secured outdoor area supports a contractor yard or similar industrial-oriented operation.

Key Highlights

  • ±1,700 SF house/office
  • ±850 SF shop building with restroom
  • ±450 SF storage building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$51,356
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,027,120 $1.0M
Cap Rate 7%
$733,657 $733.7K
Cap Rate 9%
$570,622 $570.6K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$92.2K $30.72/SF
− Vacancy
−$23.7K −$7.90/SF
EGI
$68.5K $22.82/SF
− OpEx
−$17.1K −$5.71/SF
NOI
$51.4K $17.12/SF
Area
Phoenix, AZ
Vacancy
25.70%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,027,120
Cap Rate 7%
$733,657
Cap Rate 9%
$570,622

Alternative Uses

Best Use
Office B
$733.7K
$642.0K – $855.9K (±1% cap)
NOI $51,356 @ 7.0% cap · market cap 8.63%
Second Best
Flex RnD
$470.7K
$411.8K – $549.1K (±1% cap)
NOI $32,947 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$908.7K
$795.1K – $1.06M (±1% cap)
NOI $63,611 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Hair Salon Electrical Service Pharmacy Law Firm Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Fenced yard
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

553
Businesses Nearby
Balanced
Demand for This Use

Demographics for 85009, AZ

50,439
Population
14,873
Households
3.4
Avg Household Size
31
Median Age
7%
College-Educated
59%
High-School Grad
14.7 sq mi
ZIP Area
3,431
Density / Sq Mi
$51,615
Median Household Income
$29,674
Median Earnings
$1,128
Median Rent
$215,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Phoenix, AZ

14.4% 2019
19.3% 2020
21.7% 2021
24.3% 2022
27.4% 2023
28.5% 2024
26.5% 2025

Frequently Asked Questions

What type of property is this?
Flex space - A-1 zoning accommodates a secured contractor-oriented property with office, shop, storage, and outdoor work space.
Where is this flex space located?
The property is located at 3045 W Pima St Phoenix, AZ.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: ±1,700 SF house/office; ±850 SF shop building with restroom; ±450 SF storage building
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