Multi-Building Industrial
New
For Sale
$2,150,000
3135 N 29th Avenue, Phoenix, AZ 85018
Three structures and improved outdoor areas support a range of industrial functions.
Property Size15,169 SF
Price / SF$141.74
Days on Market1
Property Features for 3135 N 29th Avenue
General Information
Standard status
Active
Size
15,169 SF
Property subtype
Industrial
Site & Location
Neighborhood
Alhambra
Fenced Yard
Yes
Additional Details
Property Use
Industrial
Building Details
Building Size
15,169 SF
Year Renovated
2022
Buildings
3
Listed By:
Matt Hagan
(602) 912-3523
Source:
Lee-associates
Added: Oct 30
Last Checked: Oct 30 at 3:43PM
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 Matt Hagan
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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 industrial property totals 15,169 square feet across three buildings. Improvements were completed in 2022, and the site includes a fenced, paved yard for outdoor use and vehicle circulation. The buildings and yard provide space for storage, operations, and support functions.
Located at 3135 N 29th Avenue in Phoenix, Arizona, the property combines multiple enclosed structures with secured, paved exterior space.
Located at 3135 N 29th Avenue in Phoenix, Arizona, the property combines multiple enclosed structures with secured, paved exterior space.
Key Highlights
- 15,169 square feet of industrial building area
- Three‑building site configuration
- Fenced yard with paved surface
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,418
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,908,360
$1.9M
Cap Rate 7%
$1,363,114
$1.4M
Cap Rate 9%
$1,060,200
$1.1M
Market Conditions
NOI Build-Up for 15,169 SF
Gross rent
$154.7K $10.20/SF
− Vacancy
−$18.4K −$1.21/SF
EGI
$136.3K $8.99/SF
− OpEx
−$40.9K −$2.70/SF
NOI
$95.4K $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%
$1,908,360
Cap Rate 7%
$1,363,114
Cap Rate 9%
$1,060,200
Alternative Uses
Best Use
Industrial
$1.36M
$1.19M – $1.59M
NOI $95,418 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.59M
$4.02M – $5.36M
NOI $321,637 @ 7.0% cap · market cap 14.96%
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
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,702
Businesses Nearby
Explore this area
Business Placement
Demographics for 85018, AZ
37,944
Population
19,487
Households
1.9
Avg Household Size
40
Median Age
57%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$87,637
Median Household Income
$58,555
Median Earnings
$1,411
Median Rent
$805,800
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
Frequently Asked Questions
What type of property is this?
Industrial property - Three structures and improved outdoor areas support a range of industrial functions.
Where is this industrial property located?
The property is located at 3135 N 29th Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 15,169 square feet of industrial building area; Three‑building site configuration; Fenced yard with paved surface
