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Functional Commercial Building on McDowell

323 East McDowell Road Phoenix, AZ 85004

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For Sale
Contact for pricing

Street-level commercial building suitable for various business types.

Type:Retail, Office
Property size:
2,389 SF
Price / SF:
$311.85/SF
Added:
May 26, 2026
Days on Market:
50
Last Refresh:
May 27 at 8:26 am

Property Features for 323 East McDowell Road

General Information

Standard status
Active
Size
2,389 SF
Property subtype
Retail, Office

Building Details

Year Built
1965

Listing office ORION Investment Real Estate

Listing date May 26, 2026

Source Crexi

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 ORION Investment Real Estate


Investment Insights

Based on property information with market context.

The building at 323 East McDowell Road, Phoenix, AZ 85004 offers a street-level commercial opportunity with a functional structure. The design supports efficient operations, with a layout adaptable for a range of business types without extensive modification. The property's appeal stems from its simplicity and ease of access for clients and staff. It allows an occupant to integrate into an established urban setting without sacrificing functionality or operational efficiency. The property has a size of 2389 square feet and is for sale.

Key Highlights

  • Street‑level commercial opportunity.
  • Adaptable layout for a range of business types.
  • Ease of access for clients and staff.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $73.4k $30.72
− Vacancy −$18.9k −$7.90
EGI $54.5k $22.82
− OpEx −$13.6k −$5.71
NOI $40.9k $17.12
2,389 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%

Alternative Uses

Best Use
Office B
$584.2K
$511.2K – $681.6K (±1% cap)
NOI $40,897 @ 7.0% cap · market cap 5.49%
Second Best
Retail
$385.7K
$337.5K – $450.0K (±1% cap)
NOI $27,001 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$723.6K
$633.2K – $844.3K (±1% cap)
NOI $50,655 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

NOVUS REALTY AGENCY Real Estate Agency I Ride I ... Recycling Center Arturo Galvez, Novus ... Real Estate Agency HireQuest Direct of Phoenix Employment Agency Agenda Nacional Radio Station

Suggested Use

Auto Parts Store Pet Grooming Service (Bike/Boat/Book/etc) Store Storage Facility (Bike/Boat/Book/etc) Store Tanning Salon (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Mobile Phone Store Fish Market

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Retail space - Street-level commercial building suitable for various business types.
Where is this retail space located?
The property is located at 323 East McDowell Road Phoenix, AZ.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Street‑level commercial opportunity.; Adaptable layout for a range of business types.; Ease of access for clients and staff.
Contact an agent
(602) 241-0006 Call to check price and availability
More about this property
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