Four-Suite Flex
For Sale
$1,325,000
4630 N 12th St, Phoenix, AZ 85014
Updated multi-suite industrial property with current occupancy and flexibility for owner-users or investors.
Property Size8,889 SF
Days on Market188
Property Features for 4630 N 12th St
General Information
Standard status
Active
Size
8,889 SF
Property subtype
Commercial
Building Details
Building Size
8,889 SF
Buildings
1
Listing Agency:
Matthews Real Estate Investment Services | Phoenix
Listed By:
Oscar Lopez · License #SA691653000 (AZ)
(602) 975-0810
Source:
Matthews
Added: Apr 13
Changed: Oct 1
Last Checked: Oct 16 at 5:40AM
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 Matthews Real Estate Investment Services | Phoenix
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Investment Insights
Based on property information with market context.
This flex-space property includes 4 suites with distinct layouts and intended uses. Two suites are occupied by a legacy tenant on a month-to-month lease, while the remaining space provides flexibility for an owner-user or future leasing. Recent work includes exterior stucco repairs, new exterior paint, drywall installation, interior lighting repairs and installation, and concrete floor smoothing in two suites.
The property is positioned in Phoenix’s Midtown business district within a retail corridor. Long tenant histories include more than 25 years for the current occupant and more than 10 years for a tenant that recently vacated. The configuration supports continued multi-suite occupancy, a single-user arrangement, or a combination of business use and leasing.
The property is positioned in Phoenix’s Midtown business district within a retail corridor. Long tenant histories include more than 25 years for the current occupant and more than 10 years for a tenant that recently vacated. The configuration supports continued multi-suite occupancy, a single-user arrangement, or a combination of business use and leasing.
Key Highlights
- 4 suites with distinct layouts and intended uses
- 2 suites occupied by a legacy tenant on a month‑to‑month lease
- Exterior stucco repairs and new exterior paint completed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,623
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,952,460
$2.0M
Cap Rate 7%
$1,394,614
$1.4M
Cap Rate 9%
$1,084,700
$1.1M
Market Conditions
NOI Build-Up for 8,889 SF
Gross rent
$170.7K $19.20/SF
− Vacancy
−$20.5K −$2.30/SF
EGI
$150.2K $16.90/SF
− OpEx
−$52.6K −$5.91/SF
NOI
$97.6K $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%
$1,952,460
Cap Rate 7%
$1,394,614
Cap Rate 9%
$1,084,700
Alternative Uses
Best Use
Flex RnD
$1.39M
$1.22M – $1.63M
NOI $97,623 @ 7.0% cap · market cap 7.37%
Second Best
Industrial
$798.8K
$698.9K – $931.9K
NOI $55,915 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$2.69M
$2.36M – $3.14M
NOI $188,479 @ 7.0% cap · market cap 14.22%
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
2,703
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85014, AZ
26,381
Population
14,778
Households
1.8
Avg Household Size
37
Median Age
43%
College-Educated
90%
High-School Grad
4.0 sq mi
ZIP Area
6,595
Density / Sq Mi
$69,995
Median Household Income
$48,465
Median Earnings
$1,339
Median Rent
$447,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Phoenix, AZ
Similar Off Market Nearby
- Keefe Commissary Network — 1616 E Indian School Rd UNIT 237, Phoenix, AZ 85016
Frequently Asked Questions
What type of property is this?
Flex space - Updated multi-suite industrial property with current occupancy and flexibility for owner-users or investors.
Where is this flex space located?
The property is located at 4630 N 12th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 4 suites with distinct layouts and intended uses; 2 suites occupied by a legacy tenant on a month‑to‑month lease; Exterior stucco repairs and new exterior paint completed
