Single-Story Light Industrial
For Sale
$850,000
4131 E UNIVERSITY Drive, Phoenix, AZ 85034
4,920-square-foot warehouse with 14-foot clear height, one roll-up door, and a small finished office on a paved lot.
Property Size4,938 SF
Lot Size0.18 Acres
Price / SF$172.76
Days on Market101
Property Features for 4131 E UNIVERSITY Drive
General Information
Standard status
Active
Size
4,938 SF
Lot size
0.18 Acres
Property subtype
COMMERCIAL
Zoning
A-1 Light Industrial
Site & Location
Neighborhood
Central City
Additional Details
Clear Height
14 ft
Taxes and HOA fees
Annual Taxes
$4,650
Building Details
Building Size
4,938 SF
Year Built
1970
Stories
1
Construction
masonry block and corrugated steel
Listing Agency:
Montebello Fine Properties
Listed By:
Dana L Dearien · License #BR528459000
(602) 697-5139
Source:
Jcluxuryresidential
Added: Jul 21
Changed: Oct 25
Last Checked: Oct 28 at 5:01PM
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 Montebello Fine Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-located light industrial property includes a 4,920-square-foot, single-story warehouse building originally constructed in 1970. The structure is built with masonry block and corrugated steel on a reinforced concrete foundation, offering 14-foot clear ceiling height. The building includes one roll-up door, a small finished office area, and one restroom. A small unfinished storage mezzanine is also included.
The property sits on a 0.183-acre lot and provides ample parking in the front along with an additional paved area. It is zoned A-1 Light Industrial by the City of Phoenix.
For sale with drive-by only instructions due to a current tenant, the listing notes repairs are needed and reflects that in the pricing.
The property sits on a 0.183-acre lot and provides ample parking in the front along with an additional paved area. It is zoned A-1 Light Industrial by the City of Phoenix.
For sale with drive-by only instructions due to a current tenant, the listing notes repairs are needed and reflects that in the pricing.
Key Highlights
- 4,920 SF single‑story light industrial warehouse built in 1970
- 14‑foot clear ceiling height and one roll‑up door
- Includes a small finished office area and one restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,580
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,600
$751.6K
Cap Rate 7%
$536,857
$536.9K
Cap Rate 9%
$417,556
$417.6K
Market Conditions
NOI Build-Up for 4,920 SF
Gross rent
$50.2K $10.20/SF
− Vacancy
−$6.0K −$1.21/SF
EGI
$44.2K $8.99/SF
− OpEx
−$6.6K −$1.35/SF
NOI
$37.6K $7.64/SF
Area
Phoenix, AZ
Vacancy
11.90%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,600
Cap Rate 7%
$536,857
Cap Rate 9%
$417,556
Alternative Uses
Best Use
Warehouse
$536.9K
$469.8K – $626.3K
NOI $37,580 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,322 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
14 ft
Clear height
Location Intelligence
Trade Area within ½ mile
755
Businesses Nearby
Well-served
Demand for This Use
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
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
Similar Off Market Nearby
- Classic Customs Hot Rods & Restorations — 3839 E Anne St, Phoenix, AZ 85040
- Self-Storage at U-Haul — 3425 S 40th St, Phoenix, AZ 85040
- Hurd Computer Consulting Service, LLC — 4636 E Elwood St Suite 12, Phoenix, AZ 85040
- Mentors Moving & Storage — 3416 S 48th St Suite 3, Phoenix, AZ 85040
- Superior Logistics Center — 4240 E Superior Ave, Phoenix, AZ 85040
Frequently Asked Questions
What type of property is this?
Warehouse - 4,920-square-foot warehouse with 14-foot clear height, one roll-up door, and a small finished office on a paved lot.
Where is this warehouse located?
The property is located at 4131 E UNIVERSITY Drive Phoenix, AZ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 4,920 SF single‑story light industrial warehouse built in 1970; 14‑foot clear ceiling height and one roll‑up door; Includes a small finished office area and one restroom
