Building Details

Building Size 7,040 SF

Listing Agency: Levrose Commercial Real Estate

Listed By: Aaron Norwood · License #SA561466000 Show Phone

Source: Commercialcafe

Added: Jul 8 Changed: Sep 26 Last Checked: Oct 11 at 3:32AM

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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.

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 / Yr

$77,316

Cap Rate

4.42%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $77,316 @ 7.0% cap · market cap 4.42%

Second Best

Warehouse

$768.2K

$672.2K – $896.2K (±1% cap)

NOI $53,773 @ 7.0% cap · market cap 3.07%

Theoretical Best

Office A

$2.13M

$1.87M – $2.49M (±1% cap)

NOI $149,273 @ 7.0% cap · market cap 8.53%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Mustang Steel Erectors, ... Construction Company

Suggested Use

Top Pick Dental Office Nail Salon Skin Care Clinic Veterinary Clinic Hair Salon Daycare Center

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

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

6.8% 2019

8.1% 2020

5% 2021

4.4% 2022

8.9% 2023

12.2% 2024

12.7% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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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 Place 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