Commercial Land with Two Adjacent
4027 W Camelback Road W Phoenix, AZ 85019
For Sale
$358,900
Zoned C1 with two adjacent buildings on a large lot at 4027 W Camelback Road W.
Property Size1,184 SF
Price / SF$303.13
Days on Market133
Property Features for 4027 W Camelback Road W
General Information
Standard status
Active
Size
1,184 SF
Property subtype
Commercial
Building Details
Year Built
1948
Listing Agency:
eXp Realty
(602) 622-2028
Listed By:
Omar Zavaleta · License #SA516485000
(602) 622-2028
Source:
Aznewhorizonrealty
Added: Mar 20
Changed: Jul 29
Last Checked: Jul 29 at 4:14PM
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 eXp Realty
Investment Insights
Based on property information with market context.
Commercial land at 4027 W Camelback Road W, Phoenix, AZ 85019, offered for sale as-is and zoned C1. The property includes a recently updated building and a second building right next to it. The lot is over 18k feet, providing space for redevelopment or a variety of potential business uses.
Built in 1948, the primary improvements are in good shape, with the owner indicating that additional elbow grease could support future plans. The adjacent second building offers added flexibility for concepts such as retail, dining, or other business opportunities, subject to applicable approvals.
This is a straightforward, land-including offering where the existing structures and C1 zoning can support a buyer’s vision for the site.
Built in 1948, the primary improvements are in good shape, with the owner indicating that additional elbow grease could support future plans. The adjacent second building offers added flexibility for concepts such as retail, dining, or other business opportunities, subject to applicable approvals.
This is a straightforward, land-including offering where the existing structures and C1 zoning can support a buyer’s vision for the site.
Key Highlights
- Zoned C1
- Over 18k feet lot
- Recently updated building plus a second building right next to it
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 | $21.3k | $18.00 |
| − Vacancy | −$2.2k | −$1.85 |
| EGI | $19.1k | $16.15 |
| − OpEx | −$5.7k | −$4.84 |
| NOI | $13.4k | $11.30 |
1,184 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$191.2K
$167.3K – $223.0K
NOI $13,382 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$358.6K
$313.8K – $418.4K
NOI $25,105 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial land - Zoned C1 with two adjacent buildings on a large lot at 4027 W Camelback Road W.
Where is this commercial land located?
The property is located at 4027 W Camelback Road W Phoenix, AZ.
What is the asking price?
The asking price for this property is $358,900.
What are key features of this property?
This property features: Zoned C1; Over 18k feet lot; Recently updated building plus a second building right next to it
