Industrial Warehouse with
For Sale
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3650 N 40th Ave, Phoenix, AZ 85019
Industrial building totaling 24,747 SF, built in 1977, with ample parking and loading for warehouse or distribution use.
Property Size24,747 SF
Price / SF$213.57
Days on Market378
Property Features for 3650 N 40th Ave
General Information
Standard status
Active
Size
24,747 SF
Property subtype
INDUSTRIAL
Zoning
A-1
Site & Location
Neighborhood
Alhambra
Building Details
Year Built
1977
Building Size
24,747 SF
Listing Agency:
Commercial Properties Inc
(480) 966-2301
Listed By:
Tyson Breinholt · License #BR517298000
(602) 315-7131
Source:
Moodyscre
Added: Oct 16, 2025
Changed: Oct 26
Last Checked: Oct 26 at 2:15PM
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 Properties Inc
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Investment Insights
Based on property information with market context.
This industrial property is a 24,747 SF warehouse building built in 1977. It offers an adaptable interior layout described as suitable for warehouse/distribution use, with ample parking and loading space to support day-to-day operations.
The property is zoned A-1 and is located in Phoenix, Arizona. Public remarks also note high visibility and accessibility, which can support efficient customer and carrier access.
For buyers seeking an industrial facility for storage and distribution, the combination of loading capacity, parking, and a flexible warehouse configuration are key operational considerations.
The property is zoned A-1 and is located in Phoenix, Arizona. Public remarks also note high visibility and accessibility, which can support efficient customer and carrier access.
For buyers seeking an industrial facility for storage and distribution, the combination of loading capacity, parking, and a flexible warehouse configuration are key operational considerations.
Key Highlights
- Industrial building totaling 24,747 SF
- Built in 1977
- Zoned A‑1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$187,764
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,755,280
$3.8M
Cap Rate 7%
$2,682,343
$2.7M
Cap Rate 9%
$2,086,267
$2.1M
Market Conditions
NOI Build-Up for 24,582 SF
Gross rent
$250.7K $10.20/SF
− Vacancy
−$29.8K −$1.21/SF
EGI
$220.9K $8.99/SF
− OpEx
−$33.1K −$1.35/SF
NOI
$187.8K $7.64/SF
Area
Phoenix, AZ
Vacancy
11.90%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,755,280
Cap Rate 7%
$2,682,343
Cap Rate 9%
$2,086,267
Alternative Uses
Best Use
Warehouse
$2.68M
$2.35M – $3.13M
NOI $187,764 @ 7.0% cap · market cap 3.58%
Second Best
Industrial
$2.21M
$1.93M – $2.58M
NOI $154,629 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$7.45M
$6.52M – $8.69M
NOI $521,227 @ 7.0% cap · market cap 9.93%
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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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,206
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 85019, AZ
27,677
Population
8,127
Households
3.4
Avg Household Size
29
Median Age
11%
College-Educated
67%
High-School Grad
3.7 sq mi
ZIP Area
7,480
Density / Sq Mi
$58,767
Median Household Income
$34,354
Median Earnings
$1,342
Median Rent
$255,700
Median Home Value
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Market
Vacancy Rate% for Industrial in Phoenix, AZ
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial building totaling 24,747 SF, built in 1977, with ample parking and loading for warehouse or distribution use.
Where is this warehouse located?
The property is located at 3650 N 40th Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Industrial building totaling 24,747 SF; Built in 1977; Zoned A‑1
