Renovated Freestanding
New
For Sale
$1,795,000
4105 S CENTRAL Avenue, Phoenix, AZ 85040
C-3 zoning accommodates a broad range of retail, service, and commercial uses.
Property Size5,700 SF
Lot Size0.53 Acres
Price / SF$314.91
Days on Market4
Property Features for 4105 S CENTRAL Avenue
General Information
Standard status
Active
Size
5,700 SF
Lot size
0.53 Acres
Property subtype
COMMERCIAL
Zoning
C-3
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$5,360
Building Details
Building Size
5,700 SF
Year Built
1967
Buildings
1
Tenancy
Multi
Listing Agency:
Realty of America LLC
(602) 703-6675
Listed By:
Joshua Rodriguez
(602) 703-6675
Source:
Jcluxuryresidential
Added: Aug 18
Changed: Aug 21
Last Checked: Aug 21 at 4:21AM
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 Realty of America LLC
Investment Insights
Based on property information with market context.
This freestanding storefront property contains 5,700 square feet within a 23,068-square-foot site. Built in 1967 and completely renovated, the building includes approximately 15 private tattoo suites along with separate barber shop and beauty salon areas. Individual chairs and suites are leased to independent artists, stylists, and barbers, with the tattoo suites operating on month-to-month agreements.
The property is located at 4105 S Central Avenue in Phoenix, within a commercial corridor offering street presence, signage visibility, and convenient in-and-out access. Ample parking serves the existing personal-service configuration. The site is zoned C-3 under a general commercial designation supporting retail, service, and other commercial uses.
The property is located at 4105 S Central Avenue in Phoenix, within a commercial corridor offering street presence, signage visibility, and convenient in-and-out access. Ample parking serves the existing personal-service configuration. The site is zoned C-3 under a general commercial designation supporting retail, service, and other commercial uses.
Key Highlights
- 5,700‑square‑foot freestanding retail building on a 23,068‑square‑foot site
- Completely renovated; originally built in 1967
- Approximately 15 private tattoo suites leased month‑to‑month
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
$64,423
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
3.59%
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%
$1,288,460
$1.3M
Cap Rate 7%
$920,329
$920.3K
Cap Rate 9%
$715,811
$715.8K
Market Conditions
NOI Build-Up for 5,700 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
$102.6K $18.00/SF
− Vacancy
−$10.6K −$1.85/SF
EGI
$92.0K $16.15/SF
− OpEx
−$27.6K −$4.84/SF
NOI
$64.4K $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%
$1,288,460
Cap Rate 7%
$920,329
Cap Rate 9%
$715,811
Alternative Uses
Best Use
Retail
$920.3K
$805.3K – $1.07M
NOI $64,423 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,861 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85040, AZ
33,993
Population
11,962
Households
2.8
Avg Household Size
30
Median Age
15%
College-Educated
69%
High-School Grad
10.1 sq mi
ZIP Area
3,366
Density / Sq Mi
$57,890
Median Household Income
$36,355
Median Earnings
$1,193
Median Rent
$294,800
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
Questions? Ask Rey
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Similar Off Market Nearby
- Bloom's Flower & Gift Shop — S Central Ave, Phoenix, AZ 85040
Frequently Asked Questions
What type of property is this?
Storefront property - C-3 zoning accommodates a broad range of retail, service, and commercial uses.
Where is this storefront property located?
The property is located at 4105 S CENTRAL Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 5,700‑square‑foot freestanding retail building on a 23,068‑square‑foot site; Completely renovated; originally built in 1967; Approximately 15 private tattoo suites leased month‑to‑month
