Auto Dealership with
For Sale
$1,700,000
3810 W VAN BUREN Street, Phoenix, AZ 85009
C3-zoned 6,500 SF commercial building with a showroom, four bay doors, and 36 parking spaces.
Property Size6,651 SF
Price / SF$255.60
Days on Market296
Property Features for 3810 W VAN BUREN Street
General Information
Standard status
Active
Size
6,651 SF
Total Parking Spaces
36
Property subtype
Commercial/Industrial
Zoning
C3
Additional Details
Service Bays
4
Taxes and HOA fees
Annual Taxes
$9,822
Building Details
Year Built
1978
Listing Agency:
West USA Realty
(602) 799-7908
Listed By:
Esther Perez Gallardo · License #BR523184000
(602) 799-7908
Source:
Exitrealty
Added: Oct 21, 2025
Changed: Aug 8
Last Checked: Aug 12 at 6:01AM
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 West USA Realty
Investment Insights
Based on property information with market context.
This C3-zoned commercial building is currently set up as an auto dealership. The property includes a showroom, four bay doors, and 36 parking spaces to support vehicle sales and on-site operations.
The building is located on W Van Buren Street in Phoenix, AZ. Buyer is advised to verify all information and measurements.
Tenants are on site, and do not disturb instructions apply.
The building is located on W Van Buren Street in Phoenix, AZ. Buyer is advised to verify all information and measurements.
Tenants are on site, and do not disturb instructions apply.
Key Highlights
- C3‑zoned 6,500 SF commercial building on Van Buren St
- Currently used as an auto dealership with showroom and four bay doors
- Includes 36 parking spaces
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
$75,171
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
4.42%
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%
$1,503,420
$1.5M
Cap Rate 7%
$1,073,871
$1.1M
Cap Rate 9%
$835,233
$835.2K
Market Conditions
NOI Build-Up for 6,651 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
$119.7K $18.00/SF
− Vacancy
−$12.3K −$1.85/SF
EGI
$107.4K $16.15/SF
− OpEx
−$32.2K −$4.84/SF
NOI
$75.2K $11.30/SF
Area
Phoenix, AZ
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,503,420
Cap Rate 7%
$1,073,871
Cap Rate 9%
$835,233
Alternative Uses
Best Use
Retail
$1.07M
$939.6K – $1.25M
NOI $75,171 @ 7.0% cap · market cap 4.42%
Second Best
Industrial
$597.7K
$523.0K – $697.3K
NOI $41,837 @ 7.0% cap · market cap 2.46%
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $141,025 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
Location Intelligence
Trade Area within ½ mile
779
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85009, AZ
50,439
Population
14,873
Households
3.4
Avg Household Size
31
Median Age
7%
College-Educated
59%
High-School Grad
14.7 sq mi
ZIP Area
3,431
Density / Sq Mi
$51,615
Median Household Income
$29,674
Median Earnings
$1,128
Median Rent
$215,300
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - C3-zoned 6,500 SF commercial building with a showroom, four bay doors, and 36 parking spaces.
Where is this auto shop located?
The property is located at 3810 W VAN BUREN Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: C3‑zoned 6,500 SF commercial building on Van Buren St; Currently used as an auto dealership with showroom and four bay doors; Includes 36 parking spaces
