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 Market157
Property Features for 323 East McDowell Road
General Information
Standard status
Active
Size
2,389 SF
Total Parking Spaces
12
Property subtype
Retail, Office
Zoning
C-DT
Site & Location
Neighborhood
Central City
Building Details
Year Built
1965
Buildings
1
Units
12
Listing Agency:
ORION Investment Real Estate
Listed By:
Lucinda Bliss · License #AZ BR007079000
(602) 241-0006
Source:
Crexi
Added: May 26
Changed: Oct 25
Last Checked: Oct 28 at 8:07AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$40,897
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,940
$817.9K
Cap Rate 7%
$584,243
$584.2K
Cap Rate 9%
$454,411
$454.4K
Market Conditions
NOI Build-Up for 2,389 SF
Gross rent
$73.4K $30.72/SF
− Vacancy
−$18.9K −$7.90/SF
EGI
$54.5K $22.82/SF
− OpEx
−$13.6K −$5.71/SF
NOI
$40.9K $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 Rate 5%
$817,940
Cap Rate 7%
$584,243
Cap Rate 9%
$454,411
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.
How Realmo checks its estimates
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Phoenix, AZ
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.
