Retail Suite with Reserved
331 W McDowell Rd Phoenix, AZ 85003
331 W McDowell Rd, Phoenix, AZ, 85003
Contact for pricing
For Sale
Contact for pricing
Retail suite includes 9 reserved parking spaces in front and additional parking to the rear.
Property Size5,800 SF
Price / SF$241.38
Days on Market222
Property Features for 331 W McDowell Rd
General Information
- Standard status
- Active
- Size
- 5,800 SF
- Property subtype
- RETAIL
Listing agency
Commercial Property Connect
(480) 452-6731
Listed by
Susan McCall, CCIM · License #BR552939000
Source
Moodyscre
Added: Dec 11, 2025 Updated: Jul 21 at 1:51AM Checked: Jul 21 at 5:41AM
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 Commercial Property Connect
Investment Insights
Based on property information with market context.
This retail suite (Suite 331) offers a functional storefront layout with skylights throughout, bringing in natural light. The suite also includes 9 reserved parking spaces directly in front, plus additional parking in the back for customer or staff use.
The property is located at 331 W McDowell Rd in Phoenix, Arizona.
The listing also notes that a discount may be available on the first-year rental rate for well-qualified tenants.
The property is located at 331 W McDowell Rd in Phoenix, Arizona.
The listing also notes that a discount may be available on the first-year rental rate for well-qualified tenants.
Key Highlights
- Retail suite includes 9 reserved parking spaces in front
- Additional parking available to the rear
- Sky lights throughout the suite for natural light
Local Financial Insights For Retail
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 | $104.4k | $18.00 |
| − Vacancy | −$10.8k | −$1.85 |
| EGI | $93.6k | $16.15 |
| − OpEx | −$28.1k | −$4.84 |
| NOI | $65.6k | $11.30 |
5,800 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$936.5K
$819.4K – $1.09M
NOI $65,553 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $122,981 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
FREELITE Inc
Hardware & Home Improvement
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail suite includes 9 reserved parking spaces in front and additional parking to the rear.
Where is this retail space located?
The property is located at 331 W McDowell Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Retail suite includes 9 reserved parking spaces in front; Additional parking available to the rear; Sky lights throughout the suite for natural light
