4202 N 32nd St, Phoenix, AZ 85018

Building Details

Building Size 2,134 SF More

Listing Agency: Commercial Properties Inc

Listed By: Langdon Bridges · License #SA580717000 Show Phone

Source: Cpiaz

Added: Nov 6 Last Checked: Nov 6 at 2:48PM

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Investment Insights

Based on property information with market context.

Located at 4202 N 32nd St, Unit L, in Phoenix, Arizona, this storefront property contains 2,134 square feet in a single retail unit.

Key Highlights

• 2,134‑square‑foot retail building
• One retail unit at 4202 N 32nd St, Unit L, Phoenix, Arizona

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,119

Cap Rate

3.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$482,380 $482.4K

Cap Rate 7%

$344,557 $344.6K

Cap Rate 9%

$267,989 $268.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,134 SF

Gross rent

$38.4K $18.00/SF

− Vacancy

−$4.0K −$1.85/SF

EGI

$34.5K $16.15/SF

− OpEx

−$10.3K −$4.84/SF

NOI

$24.1K $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 Rate 5%

$482,380

Cap Rate 7%

$344,557

Cap Rate 9%

$267,989

Alternative Uses

Best Use

Retail

$344.6K

$301.5K – $402.0K (±1% cap)

NOI $24,119 @ 7.0% cap · market cap 3.28%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$646.4K

$565.6K – $754.1K (±1% cap)

NOI $45,248 @ 7.0% cap · market cap 6.15%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Camelback Periodontics Pc Dental Office Biltmore Dental Center Dental Office Weekend Dental Care ... Dental Office Petti John PhD Physician Sandy Graham, MS, ... Psychotherapist

Suggested Use

Top Pick Grocery & Convenience Store Locksmith (Bike/Boat/Book/etc) Store Garden Center Butcher Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,383

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 85018, AZ

37,944

Population

19,487

Households

1.9

Avg Household Size

40

Median Age

57%

College-Educated

92%

High-School Grad

15.1 sq mi

ZIP Area

2,513

Density / Sq Mi

$87,637

Median Household Income

$58,555

Median Earnings

$1,411

Median Rent

$805,800

Median Home Value

Market

Average Price Trend$/SF for Storefront properties in Phoenix, AZ

$264 Jul

$272 Aug

$286 Sep

$322 Oct

Properties on Market for Storefront properties in Phoenix

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Phoenix, AZ

8.5% 2019

8.7% 2020

7.4% 2021

5.6% 2022

5.1% 2023

5.4% 2024

5.3% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - The Phoenix property is configured for one retail occupant.

Where is this storefront property located?

The property is located at 4202 N 32nd St Phoenix, AZ.

What is the asking price?

The asking price for this property is $736,000.

What are key features of this property?

This property features: 2,134‑square‑foot retail building; One retail unit at 4202 N 32nd St, Unit L, Phoenix, Arizona