Industrial Warehouse with
3650 N 40th Ave Phoenix, AZ 85019
For Sale
Contact for pricing
Industrial building totaling 24,747 SF, built in 1977, with ample parking and loading for warehouse or distribution use.
Property Size24,582 SF
Price / SF$213.57
Days on Market287
Property Features for 3650 N 40th Ave
General Information
Standard status
Active
Size
24,582 SF
Property subtype
INDUSTRIAL
Listing Agency:
Commercial Properties Inc
(602) 315-7131
Listed By:
Tyson Breinholt · License #BR517298000
(602) 315-7131
Source:
Moodyscre
Added: Oct 16, 2025
Changed: Jul 29
Last Checked: Jul 29 at 10:36AM
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
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 For Warehouse
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 | $250.7k | $10.20 |
| − Vacancy | −$29.8k | −$1.21 |
| EGI | $220.9k | $8.99 |
| − OpEx | −$33.1k | −$1.35 |
| NOI | $187.8k | $7.64 |
24,582 SF · lease $10.20/SF/yr · vacancy 11.90% · expense 15.00%
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.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- We Get It Done Movers — 2847 N 46th Ave APT 10, Phoenix, AZ 85035
- Self Storage — 3744 w roanoke ave suite 5, phoenix, az 85009
- Storage Garage Rentals — 3611 N 36th Ave, Phoenix, AZ 85019
- Devon Self Storage — 4010 W Indian School Rd, Phoenix, AZ 85019
- Near2Me Self Storage Units — 4140 W Indian School Rd a, Phoenix, AZ 85019
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
