Heavy-Industrial
For Sale
Contact for pricing
4932 W Colter St, Glendale, AZ 85301
Warehouse facility with substantial loading capacity, rail capability, heavy-industrial zoning, and ongoing roof improvements.
Property Size152,298 SF
Lot Size12.00 Acres
Price / SF$159
Days on Market176
Property Features for 4932 W Colter St
General Information
Standard status
Active
Size
152,298 SF
Lot size
12.00 Acres
Property subtype
Industrial
Zoning
M-2, Heavy Industrial
Warehouse & Industrial
Clear Height
20 ft
Dock-High Doors
8
Drive-In Doors
1
Power
800 amps
Voltage
480 V
Three-Phase Power
Yes
Building Details
Building Size
152,298 SF
Listing Agency:
Lee & Associates - Arizona
Listed By:
Pete Batschelet, SIOR · License #AZ SA557221000
(602) 912-3522
Source:
Crexi
Added: Mar 12
Changed: Aug 30
Last Checked: Aug 30 at 12:57PM
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 Lee & Associates - Arizona
Investment Insights
Based on property information with market context.
This warehouse property in Glendale, Arizona, contains approximately 152,298 SF on about 12 acres and is designated M-2, Heavy Industrial. The facility includes eight truckwell positions, a 40’ x 13’ grade-level door, and additional smaller doors distributed throughout the building. Clear heights range from 17’ to 20’, supporting a range of industrial storage and distribution configurations.
The building is equipped with 800 amps of 277/480v power and a 3" gas line. Rail capability is also available. Landlord improvements are underway, including installation of a new TPO roof. Approximately 4 acres of excess land are part of the property, providing additional outdoor area associated with the industrial site.
The building is equipped with 800 amps of 277/480v power and a 3" gas line. Rail capability is also available. Landlord improvements are underway, including installation of a new TPO roof. Approximately 4 acres of excess land are part of the property, providing additional outdoor area associated with the industrial site.
Key Highlights
- Approximately 152,298 SF warehouse on ±12 acres
- M‑2, Heavy Industrial zoning
- Eight (8) truckwell positions
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,455,635
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$29,112,700
$29.1M
Cap Rate 7%
$20,794,786
$20.8M
Cap Rate 9%
$16,173,722
$16.2M
Market Conditions
NOI Build-Up for 152,298 SF
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.
Gross rent
$1.94M $12.72/SF
− Vacancy
−$224.7K −$1.48/SF
EGI
$1.71M $11.24/SF
− OpEx
−$256.9K −$1.69/SF
NOI
$1.46M $9.56/SF
Area
Glendale, AZ
Vacancy
11.60%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$29,112,700
Cap Rate 7%
$20,794,786
Cap Rate 9%
$16,173,722
Alternative Uses
Best Use
Warehouse
$20.79M
$18.20M – $24.26M
NOI $1,455,635 @ 7.0% cap · market cap 5.97%
Second Best
Industrial
$17.13M
$14.98M – $19.98M
NOI $1,198,758 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$47.84M
$41.86M – $55.81M
NOI $3,348,704 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
8
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
726
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85301, AZ
67,380
Population
24,019
Households
2.8
Avg Household Size
30
Median Age
11%
College-Educated
71%
High-School Grad
9.3 sq mi
ZIP Area
7,245
Density / Sq Mi
$47,422
Median Household Income
$33,727
Median Earnings
$1,189
Median Rent
$218,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse facility with substantial loading capacity, rail capability, heavy-industrial zoning, and ongoing roof improvements.
Where is this warehouse located?
The property is located at 4932 W Colter St Glendale, AZ.
What is the asking price?
The asking price for this property is $24,367,000.
What are key features of this property?
This property features: Approximately 152,298 SF warehouse on ±12 acres; M‑2, Heavy Industrial zoning; Eight (8) truckwell positions
