Phoenix Commercial Property with
3802 S 28TH Street Phoenix, AZ 85040
For Sale
$1,895,000
Commercial property with leased space, residence, and auto-related features.
Property Size11,779 SF
Lot Size0.78 Acres
Price / SF$160.88
Days on Market552
Property Features for 3802 S 28TH Street
General Information
Standard status
Active
Size
11,779 SF
Lot size
0.78 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1985
Listing Agency:
Century 21 Arizona Foothills
(480) 290-2255
Listed By:
S. Curtis Wieler · License #BR560263000
(480) 290-2255
Source:
Exitrealty
Added: Jan 22, 2025
Changed: Jul 6
Last Checked: Jul 27 at 6:40AM
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 Century 21 Arizona Foothills
Investment Insights
Based on property information with market context.
This commercial property is suitable for investment or owner-user opportunities, particularly for businesses in the automotive or contracting industries, or for material storage. The property includes a 1600 square foot space currently leased on a month-to-month basis to an auto paint business, generating a monthly income of $2,100. The tenant is willing to continue the lease if desired. This unit is equipped with a paint booth. Additionally, there is a 1158 square foot residence on the property that can be utilized as an office. The current manager is open to remaining on-site as a manager for the new owner, if desired. The property has been owner-operated as an auto-related business for 21 years. It features 11 roll-up doors and a paint booth. The roof was replaced in 2020. The property is located in Phoenix, Arizona and has a total size of 11779 square feet.
Key Highlights
- Seller financing available.
- Existing tenant provides immediate income of $2,100/month and desires to stay.
- Suitable for automobile, contractor shop, or material storage businesses.
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 | $212.0k | $18.00 |
| − Vacancy | −$21.8k | −$1.85 |
| EGI | $190.2k | $16.15 |
| − OpEx | −$57.1k | −$4.84 |
| NOI | $133.1k | $11.30 |
11,779 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.88M
$2.52M – $3.36M
NOI $201,641 @ 7.0% cap · market cap 10.64%
Second Best
Retail
$1.90M
$1.66M – $2.22M
NOI $133,129 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$3.57M
$3.12M – $4.16M
NOI $249,757 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- NARPRO — 2924 N 29th Pl, Phoenix, AZ 85016
- 29th Street Auto — 2925 N 29th St, Phoenix, AZ 85016
- Guy's Body — 2910 N 30th St, Phoenix, AZ 85016
- Robertson Glass Block Inc — 2901 E Avalon Dr, Phoenix, AZ 85016
- NuVision Auto Glass — 2720 E Thomas Rd, Phoenix, AZ 85016
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property with leased space, residence, and auto-related features.
Where is this auto shop located?
The property is located at 3802 S 28TH Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Seller financing available.; Existing tenant provides immediate income of $2,100/month and desires to stay.; Suitable for automobile, contractor shop, or material storage businesses.
