Industrial Warehouse with
For Sale
Contact for pricing
439 South 3rd Avenue, Avondale, AZ 85323
Evaporative-cooled warehouse with A-1 zoning, substantial power capacity, truckwell access, and a recently replaced roof.
Property Size36,761 SF
Lot Size5.80 Acres
Price / SF$160.50
Days on Market49
Property Features for 439 South 3rd Avenue
General Information
Standard status
Active
Size
36,761 SF
Class
C
Lot size
5.80 Acres
Property subtype
Industrial
Zoning
A-1, City of Avondale
Lease Type
Modified Gross
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
12.4 ft
Dock-High Doors
3
Power
1,600 amps
Three-Phase Power
Yes
Sprinkler System
Yes
Conditioned Warehouse
Yes
Building Details
Year Built
1979
Year Renovated
2025
Buildings
1
Tenancy
Multi
Building Size
36,761 SF
Listing Agency:
Citywide Commercial Real Estate
(602) 313-1000
Listed By:
Todd Hamilton · License #AZ 113954000
Source:
Crexi
Added: Jul 13
Changed: Aug 29
Last Checked: Aug 29 at 1:54PM
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 Citywide Commercial Real Estate
Investment Insights
Based on property information with market context.
The property comprises a 36,761-square-foot industrial warehouse on 5.80 acres in Avondale, Arizona. Its improvements include evaporative cooling, 12'5" clear height, 1,600-amp 3-phase power, three truckwell positions, fire sprinklers, natural gas, and a solar panel system. A new roof was installed in 2025.
The site is zoned A-1 by the City of Avondale. Of the total land area, 4.16 acres are available while 1.64 acres are leased to Brightview Landscaping through November 2027. The building was constructed in 1979, offering a combination of industrial building infrastructure and defined existing tenancy.
The site is zoned A-1 by the City of Avondale. Of the total land area, 4.16 acres are available while 1.64 acres are leased to Brightview Landscaping through November 2027. The building was constructed in 1979, offering a combination of industrial building infrastructure and defined existing tenancy.
Key Highlights
- 36,761‑square‑foot industrial warehouse on 5.80 acres
- 4.16 acres available; 1.64 acres leased to Brightview Landscaping through November 2027
- 12'5" clear height with evaporative cooling
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
$377,977
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
6.41%
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%
$7,559,540
$7.6M
Cap Rate 7%
$5,399,671
$5.4M
Cap Rate 9%
$4,199,744
$4.2M
Market Conditions
NOI Build-Up for 36,761 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
$511.7K $13.92/SF
− Vacancy
−$67.0K −$1.82/SF
EGI
$444.7K $12.10/SF
− OpEx
−$66.7K −$1.81/SF
NOI
$378.0K $10.28/SF
Area
Maricopa County, AZ
Vacancy
13.10%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
15.00%
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%
$7,559,540
Cap Rate 7%
$5,399,671
Cap Rate 9%
$4,199,744
Alternative Uses
Best Use
Warehouse
$5.40M
$4.72M – $6.30M
NOI $377,977 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.37M
$9.95M – $13.27M
NOI $795,982 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
3
Dock-high doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
666
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85323, AZ
44,632
Population
14,953
Households
3
Avg Household Size
29
Median Age
19%
College-Educated
81%
High-School Grad
17.7 sq mi
ZIP Area
2,522
Density / Sq Mi
$79,903
Median Household Income
$42,634
Median Earnings
$1,625
Median Rent
$335,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- RightSpace Self Storage — 2121 S Litchfield Rd, Goodyear, AZ 85338
- Goodyear Mini-Storage — 160 N Litchfield Rd, Goodyear, AZ 85338
- Avondale Storage — 710 E Western Ave, Avondale, AZ 85323
Frequently Asked Questions
What type of property is this?
Warehouse - Evaporative-cooled warehouse with A-1 zoning, substantial power capacity, truckwell access, and a recently replaced roof.
Where is this warehouse located?
The property is located at 439 South 3rd Avenue Avondale, AZ.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: 36,761‑square‑foot industrial warehouse on 5.80 acres; 4.16 acres available; 1.64 acres leased to Brightview Landscaping through November 2027; 12'5" clear height with evaporative cooling
