Freestanding Retail
For Sale
Contact for pricing
3838 N 19th Ave, Phoenix, AZ 85015
C-2-zoned property with 19th Avenue frontage, monument signage, and a new parking lot.
Property Size6,111 SF
Price / SF$245.46
Days on Market747
Property Features for 3838 N 19th Ave
General Information
Standard status
Active
Size
6,111 SF
Property subtype
RETAIL
Zoning
C-2
Site & Location
Neighborhood
Encanto
Highway Access
Yes
Amenities
Monument signage
New parking lot
Listing Agency:
Rein & Grossoehme
(480) 214-9400
Listed By:
Max Schumacher · License #SA678600000
(480) 214-9403
Source:
Moodyscre
Added: Oct 15, 2024
Changed: Oct 25
Last Checked: Oct 30 at 11:36AM
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 Rein & Grossoehme
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding retail building offers 6,111 square feet for sale or lease, with an owner-user configuration and the ability to be demised. The property includes 19th Avenue frontage, monument signage, and a new parking lot.
Located in Phoenix, the property provides access to both I-17 and I-10. It is zoned C-2 by the City of Phoenix, supporting its retail-oriented commercial positioning.
Located in Phoenix, the property provides access to both I-17 and I-10. It is zoned C-2 by the City of Phoenix, supporting its retail-oriented commercial positioning.
Key Highlights
- 6,111 SF freestanding building for sale or lease
- 19th Avenue frontage with monument signage
- New parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,068
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,381,360
$1.4M
Cap Rate 7%
$986,686
$986.7K
Cap Rate 9%
$767,422
$767.4K
Market Conditions
NOI Build-Up for 6,111 SF
Gross rent
$110.0K $18.00/SF
− Vacancy
−$11.3K −$1.85/SF
EGI
$98.7K $16.15/SF
− OpEx
−$29.6K −$4.84/SF
NOI
$69.1K $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 Rate 5%
$1,381,360
Cap Rate 7%
$986,686
Cap Rate 9%
$767,422
Alternative Uses
Best Use
Retail
$986.7K
$863.4K – $1.15M
NOI $69,068 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,575 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85015, AZ
41,436
Population
17,889
Households
2.3
Avg Household Size
33
Median Age
25%
College-Educated
78%
High-School Grad
4.9 sq mi
ZIP Area
8,456
Density / Sq Mi
$52,585
Median Household Income
$36,456
Median Earnings
$1,227
Median Rent
$312,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Phoenix, AZ
Similar Off Market Nearby
- 1209 Creative — 936 W MacKenzie Dr, Phoenix, AZ 85013
Frequently Asked Questions
What type of property is this?
Storefront property - C-2-zoned property with 19th Avenue frontage, monument signage, and a new parking lot.
Where is this storefront property located?
The property is located at 3838 N 19th Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 6,111 SF freestanding building for sale or lease; 19th Avenue frontage with monument signage; New parking lot
