Turnkey Renovated Flex
For Sale
$2,399,000
4505 E Broadway Rd, Phoenix, AZ 85040
Fully renovated flex building with office and warehouse space, 18-foot ceilings, and a street-facing garage door.
Property Size7,512 SF
Price / SF$319.36
Days on Market94
Property Features for 4505 E Broadway Rd
General Information
Standard status
Active
Size
7,512 SF
Building Details
Year Built
2006
Listing Agency:
Jamal Abdallah
Listed By:
Omar Abdallah · License #SA644708000
(480) 370-9414
Source:
Houzaz
Added: Jul 22
Changed: Oct 3
Last Checked: Oct 7 at 3:25PM
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 Jamal Abdallah
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Investment Insights
Based on property information with market context.
This fully renovated flex workspace was completed in 2024 with more than $250,000 invested and features premium Roman Clay finishes throughout. The property provides approximately 5,000 SF of office space and 2,000 SF of warehouse, with a flexible interior layout designed to support a variety of business needs. The office includes seven large private offices (each sized for 2–4 desks), three bullpen areas, and a modular studio that can be configured as a conference room, additional bullpen, or event space. Additional improvements include two breakrooms and two bathrooms, along with abundant natural light.
The warehouse component offers 18' ceilings, a garage door, and flexible buildout, supporting practical day-to-day operations. The building is street-facing with strong signage, EV chargers, and optional FF&E, offering a plug-and-play setup for an incoming user.
Located at 4505 E Broadway Road in Phoenix, this modern office/warehouse combination is positioned for businesses seeking an immediately usable space with both work and storage capabilities.
The warehouse component offers 18' ceilings, a garage door, and flexible buildout, supporting practical day-to-day operations. The building is street-facing with strong signage, EV chargers, and optional FF&E, offering a plug-and-play setup for an incoming user.
Located at 4505 E Broadway Road in Phoenix, this modern office/warehouse combination is positioned for businesses seeking an immediately usable space with both work and storage capabilities.
Key Highlights
- Fully renovated in 2024 with over $250K invested (Year built 2006)
- ~5,000 SF office space with 7 large private offices (2–4 desks each), plus 3 bullpen areas
- Modular studio that can convert to a conference room, bullpen, or event space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,500
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,650,000
$1.7M
Cap Rate 7%
$1,178,571
$1.2M
Cap Rate 9%
$916,667
$916.7K
Market Conditions
NOI Build-Up for 7,512 SF
Gross rent
$144.2K $19.20/SF
− Vacancy
−$17.3K −$2.30/SF
EGI
$126.9K $16.90/SF
− OpEx
−$44.4K −$5.91/SF
NOI
$82.5K $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%
$1,650,000
Cap Rate 7%
$1,178,571
Cap Rate 9%
$916,667
Alternative Uses
Best Use
Flex RnD
$1.18M
$1.03M – $1.38M
NOI $82,500 @ 7.0% cap · market cap 3.44%
Second Best
Warehouse
$819.7K
$717.2K – $956.3K
NOI $57,379 @ 7.0% cap · market cap 2.39%
Theoretical Best
Office A
$2.28M
$1.99M – $2.65M
NOI $159,281 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,316
Businesses Nearby
Well-served
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in Phoenix, AZ
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Frequently Asked Questions
What type of property is this?
Flex space - Fully renovated flex building with office and warehouse space, 18-foot ceilings, and a street-facing garage door.
Where is this flex space located?
The property is located at 4505 E Broadway Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: Fully renovated in 2024 with over $250K invested (Year built 2006); ~5,000 SF office space with 7 large private offices (2–4 desks each), plus 3 bullpen areas; Modular studio that can convert to a conference room, bullpen, or event space
