Industrial Property with
4118 E MADISON Street, Phoenix, AZ 85034
For Sale
$2,195,000
The office component offers 1,374 square feet of recently refreshed space within an A-2-zoned industrial property.
Property Size9,827 SF
Price / SF$223.36
Days on Market11
Property Features for 4118 E MADISON Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Office Build-Out
Listing Agency:
Realty Executives Arizona Territory
(602) 755-8556
Listed By:
Richard J Padelford · License #SA030962000
(602) 309-3424
Source:
Karensauer
Added: Oct 28
Changed: Nov 7
Last Checked: Nov 7 at 11:52AM
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 Executives Arizona Territory
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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 9,827-square-foot industrial property includes a 1,374-square-foot office area. The office was remodeled several years ago and received additional touch-ups last month. The property is zoned A-2, identified as heavy industrial zoning for the City of Phoenix.
The site is next to Phoenix Sky Harbor Airport and the Skytrain.
The site is next to Phoenix Sky Harbor Airport and the Skytrain.
Key Highlights
- 9,827‑square‑foot industrial property
- 1,374‑square‑foot office remodeled several years ago and touched up last month
- A‑2 zoning, identified as heavy industrial for the City of Phoenix
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,815
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,236,300
$1.2M
Cap Rate 7%
$883,071
$883.1K
Cap Rate 9%
$686,833
$686.8K
Market Conditions
NOI Build-Up for 9,827 SF
Gross rent
$100.2K $10.20/SF
− Vacancy
−$11.9K −$1.21/SF
EGI
$88.3K $8.99/SF
− OpEx
−$26.5K −$2.70/SF
NOI
$61.8K $6.29/SF
Area
Phoenix, AZ
Vacancy
11.90%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,236,300
Cap Rate 7%
$883,071
Cap Rate 9%
$686,833
Alternative Uses
Best Use
Industrial
$883.1K
$772.7K – $1.03M
NOI $61,815 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.98M
$2.60M – $3.47M
NOI $208,368 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
Explore this area
Business Placement
Demographics for 85034, AZ
5,033
Population
2,901
Households
1.7
Avg Household Size
32
Median Age
32%
College-Educated
81%
High-School Grad
11.6 sq mi
ZIP Area
434
Density / Sq Mi
$53,545
Median Household Income
$43,236
Median Earnings
$1,205
Median Rent
$397,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Industrial properties in Phoenix, AZ
Properties on Market for Industrial properties in Phoenix
Vacancy Rate% for Industrial in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Industrial property - The office component offers 1,374 square feet of recently refreshed space within an A-2-zoned industrial property.
Where is this industrial property located?
The property is located at 4118 E MADISON Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: 9,827‑square‑foot industrial property; 1,374‑square‑foot office remodeled several years ago and touched up last month; A‑2 zoning, identified as heavy industrial for the City of Phoenix
