Automotive Repair Land
4124 W INDIAN SCHOOL Road Phoenix, AZ 85019
For Sale
$1,500,000
C-3 zoned land with frontage on Indian School Rd, currently generating rental income from three auto repair tenants.
Property Size5,536 SF
Price / SF$270.95
Days on Market147
Property Features for 4124 W INDIAN SCHOOL Road
General Information
- Standard status
- Active
- Size
- 5,536 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1974
Listing Agency:
Fathom Realty Elite
(602) 695-1930
Listed By:
Fred W Duran · License #SA018327000
(602) 695-1930
Source:
Exitrealty
Added: Feb 26
Changed: Jul 23
Last Checked: Jul 23 at 7:58AM
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 Fathom Realty Elite
Investment Insights
Based on property information with market context.
This offering is centered on a C-3 commercial land parcel with frontage on Indian School Rd. The property is currently rented to automobile repairs across three tenants, and the sale will be conveyed as-is, with the seller not making any repairs.
The value is in the land, with the existing rental setup providing near-term occupancy while you plan next steps for the site. Ideal for buyers looking for a straightforward acquisition where the primary asset is the underlying development potential of the C-3 lot.
The property is being sold for $1,500,000 as provided, and the current configuration supports multiple automobile repair tenancies under the as-is terms.
The value is in the land, with the existing rental setup providing near-term occupancy while you plan next steps for the site. Ideal for buyers looking for a straightforward acquisition where the primary asset is the underlying development potential of the C-3 lot.
The property is being sold for $1,500,000 as provided, and the current configuration supports multiple automobile repair tenancies under the as-is terms.
Key Highlights
- C‑3 zoned lot with frontage on Indian School Rd
- Currently rented to automobile repairs with 3 tenants
- Value is in the land; sold as‑is and seller will not make repairs
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 | $99.6k | $18.00 |
| − Vacancy | −$10.3k | −$1.85 |
| EGI | $89.4k | $16.15 |
| − OpEx | −$26.8k | −$4.84 |
| NOI | $62.6k | $11.30 |
5,536 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$893.8K
$782.1K – $1.04M
NOI $62,569 @ 7.0% cap · market cap 4.17%
Second Best
Industrial
$497.5K
$435.3K – $580.4K
NOI $34,823 @ 7.0% cap · market cap 2.32%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,383 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lee's Auto Body ...
Auto Repair Shop
S-R AUTO SALES ...
Auto Repair Shop
Similar Off Market Nearby
- Phoenix Kingpin towing — 4819 W Osborn Rd, Phoenix, AZ 85031
- Gutierrez Window Tint — 3140 N 35th Ave #5, Phoenix, AZ 85017
- Romo Bros AutoCare LLC — 3026 N 46th Ave, Phoenix, AZ 85031
- M- Herdez mobil welding and trailer repair — 3852w W Cheery Lynn Rd, Phoenix, AZ 85019
- Barbaric Suspension & Fab — 3464 W Earll Dr, Phoenix, AZ 85017
FAQs
What type of property is this?
Auto shop - C-3 zoned land with frontage on Indian School Rd, currently generating rental income from three auto repair tenants.
Where is this auto shop located?
The property is located at 4124 W INDIAN SCHOOL Road 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: C‑3 zoned lot with frontage on Indian School Rd; Currently rented to automobile repairs with 3 tenants; Value is in the land; sold as‑is and seller will not make repairs
