Functional Commercial Building on
For Sale
Contact for pricing
323 East McDowell Road, Phoenix, AZ 85004
Street-level commercial building suitable for various business types.
Property Size2,389 SF
Price / SF$311.85
Days on Market66
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 Agency:
ORION Investment Real Estate
(602) 241-0006
Listed By:
Lucinda Bliss · License #AZ BR007079000
Source:
Crexi
Added: May 26
Changed: Jul 10
Last Checked: Jul 28 at 12:09PM
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.
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
NOI $40,897 @ 7.0% cap · market cap 5.49%
Second Best
Retail
$385.7K
$337.5K – $450.0K
NOI $27,001 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$723.6K
$633.2K – $844.3K
NOI $50,655 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,397
Businesses Nearby
Explore this area
Business Placement
Demographics for 85004, AZ
8,833
Population
6,455
Households
1.4
Avg Household Size
32
Median Age
59%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
4,206
Density / Sq Mi
$71,250
Median Household Income
$46,376
Median Earnings
$1,759
Median Rent
$365,500
Median Home Value
Market
Vacancy Rate% for Office in Phoenix, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
