HVAC Flex/Industrial
New
For Sale
$1,399,000
3215 E Washington St, Phoenix, AZ 85034
The warehouse is fully climate-controlled and includes multiple loading doors and three-phase electrical service.
Property Size7,625 SF
Lot Size0.47 Acres
Price / SF$183.48
Days on Market3
Property Features for 3215 E Washington St
General Information
Standard status
Active
Size
7,625 SF
Lot size
0.47 Acres
Property subtype
Industrial
Zoning
A-1
Site & Location
Neighborhood
Estrella
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
12 ft
Drive-In Doors
1
Power
800 amps
Voltage
240 V
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Additional Details
Asking Price
$1,399,000
Property Use
Flex/Industrial
Building Details
Building Size
7,625 SF
Year Built
1958
Buildings
1
Listing Agency:
LevRose Commercial Real Estate
Listed By:
Landon McKernan · License #SA690813000
(916) 872-7909
Source:
Tcnworldwide
Added: Nov 4
Last Checked: Nov 6 at 5:46AM
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 LevRose Commercial Real Estate
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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.
The 7,625 SF flex/industrial building dates to 1958 and occupies a 20,533 SF, or 0.47-acre, fenced and paved site spanning three parcels. The warehouse is fully HVAC, with 10'-12' clear height, three double doors, one grade-level door, and 800A 120/240V 3-phase power; electrical capacity should be confirmed by the buyer or tenant. The parcels are zoned A-1, and an on-site billboard is present.
E Washington St carries ±13,925 VPD. The property is close to Sky Harbor, Loop 202, SR 143, and I-10.
E Washington St carries ±13,925 VPD. The property is close to Sky Harbor, Loop 202, SR 143, and I-10.
Key Highlights
- 7,625 SF flex/industrial building on a 20,533 SF (0.47 AC) site
- Warehouse is 100% HVAC with 10'-12' clear height
- Three double doors and one grade‑level door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,741
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,674,820
$1.7M
Cap Rate 7%
$1,196,300
$1.2M
Cap Rate 9%
$930,456
$930.5K
Market Conditions
NOI Build-Up for 7,625 SF
Gross rent
$146.4K $19.20/SF
− Vacancy
−$17.6K −$2.30/SF
EGI
$128.8K $16.90/SF
− OpEx
−$45.1K −$5.91/SF
NOI
$83.7K $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%
$1,674,820
Cap Rate 7%
$1,196,300
Cap Rate 9%
$930,456
Alternative Uses
Best Use
Flex RnD
$1.20M
$1.05M – $1.40M
NOI $83,741 @ 7.0% cap · market cap 5.99%
Second Best
Warehouse
$832.0K
$728.0K – $970.7K
NOI $58,242 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,677 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
12 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
911
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Flex space - The warehouse is fully climate-controlled and includes multiple loading doors and three-phase electrical service.
Where is this flex space located?
The property is located at 3215 E Washington St Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 7,625 SF flex/industrial building on a 20,533 SF (0.47 AC) site; Warehouse is 100% HVAC with 10'-12' clear height; Three double doors and one grade‑level door
