Warehouse with Office
For Sale
Contact for pricing
4213 S 43rd Pl, Phoenix, AZ 85040
Warehouse includes a mezzanine, 12' overhead door, and 9 offices with conference and break rooms.
Property Size7,040 SF
Price / SF$248.58
Days on Market50
Property Features for 4213 S 43rd Pl
General Information
Standard status
Active
Size
7,040 SF
Property subtype
INDUSTRIAL
Lease Type
NNN
Additional Details
Drive-In Doors
1
Office Units
9
Properties For Sale
at 4213 S 43rd Pl Contact us- Floor
- 1
- Size
- 7,040 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
4213 S 43rd Pl
- 12’ Overhead door
- Mezzanine space in warehouse
- 9 Offices, 2 restrooms
- Conference...
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Contact us
Listing Agency:
LevRose Commercial Real Estate
(310) 462-6036
Listed By:
Marty Maier · License #SA561466000
(310) 462-6036
Source:
Moodyscre
Added: Jul 6
Changed: Aug 8
Last Checked: Aug 23 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 LevRose Commercial Real Estate
Investment Insights
Based on property information with market context.
This flex-style warehouse property features a 12’ overhead door and a mezzanine within the warehouse space. The building also includes clean office areas totaling nine offices, two restrooms, plus dedicated conference, copy, and break rooms.
Warehouse dimensions are approximately 62’ by 54’, and the site provides plenty of outside storage to support day-to-day operations.
The overall configuration combines functional warehouse space with multiple private offices and common office rooms, offering a practical layout for businesses that need both back-of-house storage and front-of-house workspace.
Warehouse dimensions are approximately 62’ by 54’, and the site provides plenty of outside storage to support day-to-day operations.
The overall configuration combines functional warehouse space with multiple private offices and common office rooms, offering a practical layout for businesses that need both back-of-house storage and front-of-house workspace.
Key Highlights
- 62' x 54' warehouse with a 12' overhead door
- Mezzanine space within the warehouse
- Office area includes 9 offices plus a conference room
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
$77,316
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
4.42%
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%
$1,546,320
$1.5M
Cap Rate 7%
$1,104,514
$1.1M
Cap Rate 9%
$859,067
$859.1K
Market Conditions
NOI Build-Up for 7,040 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
$135.2K $19.20/SF
− Vacancy
−$16.2K −$2.30/SF
EGI
$118.9K $16.90/SF
− OpEx
−$41.6K −$5.91/SF
NOI
$77.3K $10.98/SF
Area
Phoenix, AZ
Vacancy
12.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
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%
$1,546,320
Cap Rate 7%
$1,104,514
Cap Rate 9%
$859,067
Alternative Uses
Best Use
Flex RnD
$1.10M
$966.5K – $1.29M
NOI $77,316 @ 7.0% cap · market cap 4.42%
Second Best
Warehouse
$768.2K
$672.2K – $896.2K
NOI $53,773 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$2.13M
$1.87M – $2.49M
NOI $149,273 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
9
Office units
Location Intelligence
Trade Area within ½ mile
1,320
Businesses Nearby
Well-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 Industrial in Phoenix, AZ
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse includes a mezzanine, 12' overhead door, and 9 offices with conference and break rooms.
Where is this flex space located?
The property is located at 4213 S 43rd Pl Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 62' x 54' warehouse with a 12' overhead door; Mezzanine space within the warehouse; Office area includes 9 offices plus a conference room
