Freestanding Industrial Facility with
For Sale
$3,225,000
3749 E Atlanta Ave, Phoenix, AZ 85040
Freestanding industrial building with functional warehouse space, grade-level loading, and high-capacity electrical service.
Property Size10,750 SF
Price / SF$300
Days on Market54
Property Features for 3749 E Atlanta Ave
General Information
Standard status
Active
Size
10,750 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
2
Heavy Power
Yes
Additional Details
Fenced Yard
Yes
Building Details
Building Size
10,750 SF
Year Built
1987
Listing Agency:
LevRose Commercial Real Estate
(602) 369-7127
Listed By:
Matt Leonard · License #BR544219000
(602) 369-7127
Source:
Tcnworldwide
Added: Jun 29
Changed: Aug 14
Last Checked: Aug 21 at 5:27AM
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 LevRose Commercial Real Estate
Investment Insights
Based on property information with market context.
This freestanding industrial facility combines warehouse operations with high-end office finishes. The property offers 16' clear warehouse height and includes two 12' x 14' grade-level loading doors for practical day-to-day access. Power is supported by a 1,200-amp, 120/208-volt, 3-phase electrical service, and the site includes a secure fenced yard. A 17.5 kW photovoltaic solar system is also installed to support operational flexibility.
The building is offered for sale as a single asset containing both industrial and office components, giving users the ability to maintain on-site support functions. The secure yard helps support outside storage or staging needs tied to warehouse activity.
For tenants or buyers seeking an end-to-end industrial setup, the combination of loading doors, clear height, and robust electrical capacity supports a range of warehouse and light industrial uses, while the furnished office improvements can support administrative operations on-site. The fenced yard and solar system add practical operational features for facilities that need both secure exterior space and energy-aware infrastructure.
The building is offered for sale as a single asset containing both industrial and office components, giving users the ability to maintain on-site support functions. The secure yard helps support outside storage or staging needs tied to warehouse activity.
For tenants or buyers seeking an end-to-end industrial setup, the combination of loading doors, clear height, and robust electrical capacity supports a range of warehouse and light industrial uses, while the furnished office improvements can support administrative operations on-site. The fenced yard and solar system add practical operational features for facilities that need both secure exterior space and energy-aware infrastructure.
Key Highlights
- Freestanding industrial facility with 10,750 SF of warehouse and office space (built in 1987)
- Warehouse height of 16' clear with functional warehouse area
- Two (2) 12' x 14' grade‑level loading doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$118,061
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,361,220
$2.4M
Cap Rate 7%
$1,686,586
$1.7M
Cap Rate 9%
$1,311,789
$1.3M
Market Conditions
NOI Build-Up for 10,750 SF
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.
Gross rent
$206.4K $19.20/SF
− Vacancy
−$24.8K −$2.30/SF
EGI
$181.6K $16.90/SF
− OpEx
−$63.6K −$5.91/SF
NOI
$118.1K $10.98/SF
Area
Phoenix, AZ
Vacancy
12.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,361,220
Cap Rate 7%
$1,686,586
Cap Rate 9%
$1,311,789
Alternative Uses
Best Use
Flex RnD
$1.69M
$1.48M – $1.97M
NOI $118,061 @ 7.0% cap · market cap 3.66%
Second Best
Warehouse
$1.17M
$1.03M – $1.37M
NOI $82,111 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$3.26M
$2.85M – $3.80M
NOI $227,939 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
2
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,443
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85040, AZ
33,993
Population
11,962
Households
2.8
Avg Household Size
30
Median Age
15%
College-Educated
69%
High-School Grad
10.1 sq mi
ZIP Area
3,366
Density / Sq Mi
$57,890
Median Household Income
$36,355
Median Earnings
$1,193
Median Rent
$294,800
Median Home Value
Market
Vacancy Rate% for Industrial in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding industrial building with functional warehouse space, grade-level loading, and high-capacity electrical service.
Where is this flex space located?
The property is located at 3749 E Atlanta Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,225,000.
What are key features of this property?
This property features: Freestanding industrial facility with 10,750 SF of warehouse and office space (built in 1987); Warehouse height of 16' clear with functional warehouse area; Two (2) 12' x 14' grade‑level loading doors
