Two-Story Flex Industrial
4615 S 33rd Pl Phoenix, AZ 85040
4615 S 33rd Pl, Phoenix, AZ, 85040
$2,450,000
For Sale
$2,450,000
Two-story flex/industrial building with office space and an air-conditioned warehouse with 20’ clear height.
Property Size9,867 SF
Lot Size0.44 Acres
Price / SF$248.30
Days on Market30
Property Features for 4615 S 33rd Pl
General Information
- Standard status
- Active
- Size
- 9,867 SF
- Lot size
- 0.44 Acres
- Property subtype
- Industrial - Manufacturing
Building Details
- Year Built
- 1983
Listing agency
Levrose Commercial Real Estate
(480) 294-6001
Listed by
Billy Cowan
Source
Commercialcafe
Added: Jun 23 Updated: Jul 21 at 10:12PM Checked: Jul 21 at 10:12PM
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 Levrose Commercial Real Estate
Investment Insights
Based on property information with market context.
Two-story flex/industrial building built in 1983 and zoned IND PK, offering approximately 80% office space across two floors and the balance as warehouse space. The office area includes a reception area, multiple private offices, and a conference room. The warehouse portion is fully air-conditioned and includes 20’ clear height plus two grade-level roll-up doors.
The property is located in the South Phoenix Airport submarket with immediate access to I-10, Loop 202, and AZ-143, and is minutes from Phoenix Sky Harbor International Airport.
The building sits on approximately 10.44 acres, providing a dedicated site for a combined office and warehouse operation under one roof.
The property is located in the South Phoenix Airport submarket with immediate access to I-10, Loop 202, and AZ-143, and is minutes from Phoenix Sky Harbor International Airport.
The building sits on approximately 10.44 acres, providing a dedicated site for a combined office and warehouse operation under one roof.
Key Highlights
- ±8,867 SF two‑story flex/industrial building built in 1983 on ±0.44 acres
- Zoned IND PK and split about 80% office across two floors plus 20% air‑conditioned warehouse
- Office features reception area, multiple private offices, and a conference room
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $303.1k | $30.72 |
| − Vacancy | −$77.9k | −$7.90 |
| EGI | $225.2k | $22.82 |
| − OpEx | −$56.3k | −$5.71 |
| NOI | $168.9k | $17.12 |
9,867 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.41M
$2.11M – $2.82M
NOI $168,910 @ 7.0% cap · market cap 6.89%
Second Best
Flex RnD
$1.55M
$1.35M – $1.81M
NOI $108,363 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$2.99M
$2.62M – $3.49M
NOI $209,216 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Integrated Control Systems
HVAC Service
Similar For Sale Nearby
Similar Off Market Nearby
- Jennifers Catering — 3603 E Indian School Rd ste a, Phoenix, AZ 85018
- Firehouse Subs Arcadia Plaza — 2836 E Indian School Rd Ste A5-6, Phoenix, AZ 85016
- Arcadia Catering Company — 3160 E Camelback Rd, Phoenix, AZ 85016
FAQs
What type of property is this?
Flex space - Two-story flex/industrial building with office space and an air-conditioned warehouse with 20’ clear height.
Where is this flex space located?
The property is located at 4615 S 33rd Pl Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: ±8,867 SF two‑story flex/industrial building built in 1983 on ±0.44 acres; Zoned IND PK and split about 80% office across two floors plus 20% air‑conditioned warehouse; Office features reception area, multiple private offices, and a conference room
