Freestanding Flex
For Sale
Contact for pricing
4247 W Adams St, Phoenix, AZ 85009
A-2-zoned property supports single- or multi-tenant industrial occupancy.
Property Size14,859 SF
Price / SF$235.55
Days on Market161
Property Features for 4247 W Adams St
General Information
Standard status
Active
Size
14,859 SF
Property subtype
Industrial
Zoning
A-2
Listing Agency:
Basis Commercial
Listed By:
Nick DePaul · License #BR692351000
Source:
Crexi
Added: Mar 24
Changed: Aug 29
Last Checked: Aug 29 at 9:56PM
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 Basis Commercial
Investment Insights
Based on property information with market context.
This freestanding flex property includes approximately 14,859 SF of building area on a ±1.50-acre site. The facility provides 20-foot clear height, two grade-level doors, multiple access points, and on-site parking. Its layout can support either a single occupant or multiple tenants, subject to applicable requirements.
Located at 4247 W Adams St in Phoenix, the property has frontage along 43rd Avenue and access to major freeway corridors. The site is zoned A-2, identified in the source information as heavy industrial, and offers a functional configuration for industrial or flex operations.
Located at 4247 W Adams St in Phoenix, the property has frontage along 43rd Avenue and access to major freeway corridors. The site is zoned A-2, identified in the source information as heavy industrial, and offers a functional configuration for industrial or flex operations.
Key Highlights
- ±14,859 SF freestanding flex building
- ±1.50‑acre site with A‑2 zoning
- 20’ clear height
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
$163,187
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
4.66%
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%
$3,263,740
$3.3M
Cap Rate 7%
$2,331,243
$2.3M
Cap Rate 9%
$1,813,189
$1.8M
Market Conditions
NOI Build-Up for 14,859 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
$285.3K $19.20/SF
− Vacancy
−$34.2K −$2.30/SF
EGI
$251.1K $16.90/SF
− OpEx
−$87.9K −$5.91/SF
NOI
$163.2K $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%
$3,263,740
Cap Rate 7%
$2,331,243
Cap Rate 9%
$1,813,189
Alternative Uses
Best Use
Flex RnD
$2.33M
$2.04M – $2.72M
NOI $163,187 @ 7.0% cap · market cap 4.66%
Second Best
Warehouse
$1.62M
$1.42M – $1.89M
NOI $113,497 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$4.50M
$3.94M – $5.25M
NOI $315,064 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85009, AZ
50,439
Population
14,873
Households
3.4
Avg Household Size
31
Median Age
7%
College-Educated
59%
High-School Grad
14.7 sq mi
ZIP Area
3,431
Density / Sq Mi
$51,615
Median Household Income
$29,674
Median Earnings
$1,128
Median Rent
$215,300
Median Home Value
Market
Vacancy Rate% for Industrial in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A-2-zoned property supports single- or multi-tenant industrial occupancy.
Where is this flex space located?
The property is located at 4247 W Adams St Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: ±14,859 SF freestanding flex building; ±1.50‑acre site with A‑2 zoning; 20’ clear height
