Fenced Flex Space with Concrete
For Sale
Contact for pricing
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$261.67
Days on Market132
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: Aug 30
Last Checked: Aug 30 at 7:21PM
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
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,356
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $51,356 @ 7.0% cap · market cap 6.54%
Second Best
Flex RnD
$470.7K
$411.8K – $549.1K
NOI $32,947 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$908.7K
$795.1K – $1.06M
NOI $63,611 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Phoenix, AZ
Questions? Ask Rey
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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 $785,000.
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
