Heavy-Industrial Flex
For Sale
$940,000
401 S 31ST Avenue, Phoenix, AZ 85009
A-2 heavy-industrial property with storage improvements and existing income in place.
Property Size3,430 SF
Days on Market254
Property Features for 401 S 31ST Avenue
General Information
Standard status
Active
Size
3,430 SF
Property subtype
COMMERCIAL
Zoning
A-2
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
industrial, commercial
Taxes and HOA fees
Annual Taxes
$2,924
Amenities
storage
shade
Building Details
Building Size
3,430 SF
Year Built
1958
Listing Agency:
4 U Realty Plus
Listed By:
Nicholas Estrada · License #SA518214000
(602) 489-8888
Source:
Alexiabertsatos
Added: Jan 26
Changed: Sep 23
Last Checked: Oct 5 at 10:00PM
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 4 U Realty Plus
Investment Insights
Based on property information with market context.
This flex-space property was built in 1958 and includes substantial storage capacity along with a large shade structure. The property comprises 3 commercial lots and carries an A-2 heavy-industrial designation, supporting an industrial-oriented operating profile.
The address is 2 miles from both I-17 and I-10 and 10 miles from the airport. Existing income is in place, offering an owner-user configuration with rental income or continued income-producing use.
The address is 2 miles from both I-17 and I-10 and 10 miles from the airport. Existing income is in place, offering an owner-user configuration with rental income or continued income-producing use.
Key Highlights
- A‑2 heavy‑industrial property
- 3 commercial lots included
- Large storage area and shade structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,670
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,400
$753.4K
Cap Rate 7%
$538,143
$538.1K
Cap Rate 9%
$418,556
$418.6K
Market Conditions
NOI Build-Up for 3,430 SF
Gross rent
$65.9K $19.20/SF
− Vacancy
−$7.9K −$2.30/SF
EGI
$58.0K $16.90/SF
− OpEx
−$20.3K −$5.91/SF
NOI
$37.7K $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 Rate 5%
$753,400
Cap Rate 7%
$538,143
Cap Rate 9%
$418,556
Alternative Uses
Best Use
Flex RnD
$538.1K
$470.9K – $627.8K
NOI $37,670 @ 7.0% cap · market cap 4.01%
Second Best
Industrial
$308.2K
$269.7K – $359.6K
NOI $21,576 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$1.04M
$909.1K – $1.21M
NOI $72,728 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - A-2 heavy-industrial property with storage improvements and existing income in place.
Where is this flex space located?
The property is located at 401 S 31ST Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $940,000.
What are key features of this property?
This property features: A‑2 heavy‑industrial property; 3 commercial lots included; Large storage area and shade structure
