Freestanding Retail
For Sale
Contact for pricing
445 E Carefree Hwy, Phoenix, AZ 85085
Built in 1987, the property has an open layout for retail use.
Property Size9,240 SF
Days on Market12
Property Features for 445 E Carefree Hwy
General Information
Standard status
Active
Size
9,240 SF
Building Details
Year Built
1987
Listing Agency:
R.O.I. Properties
Listed By:
Reuben Z Nach · License #SA687040000
(602) 319-1326
Source:
Searchphxproperties
Added: Oct 10
Changed: Oct 21
Last Checked: Oct 21 at 2:00AM
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 R.O.I. Properties
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Investment Insights
Based on property information with market context.
This freestanding retail property contains 1,200 square feet and was built in 1987. Its open floor plan provides a straightforward configuration for retail occupancy.
The property is in Phoenix’s Anthem submarket along Carefree Highway. The remarks identify Halo Vista and TSMC developments as nearby sources of exposure.
The property is in Phoenix’s Anthem submarket along Carefree Highway. The remarks identify Halo Vista and TSMC developments as nearby sources of exposure.
Key Highlights
- 1,200 SF of freestanding retail space
- Open floor plan
- Built in 1987
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,432
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,088,640
$2.1M
Cap Rate 7%
$1,491,886
$1.5M
Cap Rate 9%
$1,160,356
$1.2M
Market Conditions
NOI Build-Up for 9,240 SF
Gross rent
$166.3K $18.00/SF
− Vacancy
−$17.1K −$1.85/SF
EGI
$149.2K $16.15/SF
− OpEx
−$44.8K −$4.84/SF
NOI
$104.4K $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%
$2,088,640
Cap Rate 7%
$1,491,886
Cap Rate 9%
$1,160,356
Alternative Uses
Best Use
Retail
$1.49M
$1.31M – $1.74M
NOI $104,432 @ 7.0% cap · market cap 10,443,200.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $195,921 @ 7.0% cap · market cap 19,592,100.00%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
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Business Placement
Demographics for 85085, AZ
27,875
Population
12,737
Households
2.2
Avg Household Size
36
Median Age
51%
College-Educated
97%
High-School Grad
38.1 sq mi
ZIP Area
732
Density / Sq Mi
$122,138
Median Household Income
$70,162
Median Earnings
$1,818
Median Rent
$589,000
Median Home Value
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Market
Vacancy Rate% for Retail in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Retail space - Built in 1987, the property has an open layout for retail use.
Where is this retail space located?
The property is located at 445 E Carefree Hwy Phoenix, AZ.
What are key features of this property?
This property features: 1,200 SF of freestanding retail space; Open floor plan; Built in 1987
