Adjoining Flex Condominium
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For Sale
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460 E Warner Rd, Chandler, AZ 85225
Two connected commercial suites can be acquired individually or as a combined offering.
Property Size5,809 SF
Price / SF$280.08
Days on Market2
Property Features for 460 E Warner Rd
General Information
Standard status
Active
Size
5,809 SF
Property subtype
FLEX_R_AND_D
Listing Agency:
SVN | Desert Commercial Advisors
(480) 425-5500
Listed By:
Justin Horwitz · License #SA562459000
(480) 220-2674
Source:
Moodyscre
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 16 at 2:16PM
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 SVN | Desert Commercial Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two flex condominium units at Westech Corporate Center in Chandler, Arizona, are offered together or separately. Unit #2 measures ±2,657 SF, while Unit #3 measures ±3,152 SF; combined, the units total ±5,809 SF.
Key Highlights
- Two adjoining flex condominium units at Westech Corporate Center
- Combined area of ±5,809 SF
- Unit #2 contains ±2,657 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,450
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,169,000
$1.2M
Cap Rate 7%
$835,000
$835.0K
Cap Rate 9%
$649,444
$649.4K
Market Conditions
NOI Build-Up for 5,809 SF
Gross rent
$104.6K $18.00/SF
− Vacancy
−$14.6K −$2.52/SF
EGI
$89.9K $15.48/SF
− OpEx
−$31.5K −$5.42/SF
NOI
$58.5K $10.06/SF
Area
Chandler, AZ
Vacancy
14.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,169,000
Cap Rate 7%
$835,000
Cap Rate 9%
$649,444
Alternative Uses
Best Use
Flex RnD
$835.0K
$730.6K – $974.2K
NOI $58,450 @ 7.0% cap · market cap 3.59%
Second Best
Industrial
$664.6K
$581.5K – $775.3K
NOI $46,519 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,552 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85225, AZ
73,551
Population
28,930
Households
2.5
Avg Household Size
35
Median Age
33%
College-Educated
88%
High-School Grad
12.7 sq mi
ZIP Area
5,791
Density / Sq Mi
$86,036
Median Household Income
$45,692
Median Earnings
$1,662
Median Rent
$386,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Jey Lee BBQ — 2022 N Nevada St Apt 1215, Chandler, AZ 85225
Frequently Asked Questions
What type of property is this?
Flex space - Two connected commercial suites can be acquired individually or as a combined offering.
Where is this flex space located?
The property is located at 460 E Warner Rd Chandler, AZ.
What is the asking price?
The asking price for this property is $1,627,000.
What are key features of this property?
This property features: Two adjoining flex condominium units at Westech Corporate Center; Combined area of ±5,809 SF; Unit #2 contains ±2,657 SF
