Industrial Building with
For Sale
Contact for pricing
5001 S Central Ave, Phoenix, AZ 85040
Vacant 8,850 SF industrial building with yard in Phoenix.
Property Size8,850 SF
Price / SF$248.59
Days on Market160
Property Features for 5001 S Central Ave
General Information
Standard status
Active
Size
8,850 SF
Property subtype
Industrial
Zoning
C-3, Phoenix
Investment Type
Owner/User
Building Details
Year Built
1981
Year Renovated
2020
Buildings
1
Units
1
Listing Agency:
Matthews
(602) 975-0807
Listed By:
John Stroud · License #691768000
Source:
Crexi
Added: Mar 16
Changed: Aug 19
Last Checked: Aug 20 at 9:21PM
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
Investment Insights
Based on property information with market context.
This vacant industrial building offers approximately 8,850 square feet of space and includes a yard. Located in South Phoenix, the property presents an opportunity for an owner/user or lease-up strategy. The property is suitable for various commercial real estate purposes, including warehouses and industrial operations.
Key Highlights
- Vacant ±8,850 SF industrial building presents a great owner/user opportunity.
- Yard included.
- South Phoenix location.
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
$67,599
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
3.07%
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%
$1,351,980
$1.4M
Cap Rate 7%
$965,700
$965.7K
Cap Rate 9%
$751,100
$751.1K
Market Conditions
NOI Build-Up for 8,850 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
$90.3K $10.20/SF
− Vacancy
−$10.7K −$1.21/SF
EGI
$79.5K $8.99/SF
− OpEx
−$11.9K −$1.35/SF
NOI
$67.6K $7.64/SF
Area
Phoenix, AZ
Vacancy
11.90%
Lease Rate
$10.20 /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%
$1,351,980
Cap Rate 7%
$965,700
Cap Rate 9%
$751,100
Alternative Uses
Best Use
Warehouse
$965.7K
$845.0K – $1.13M
NOI $67,599 @ 7.0% cap · market cap 3.07%
Second Best
Industrial
$795.3K
$695.9K – $927.8K
NOI $55,670 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,652 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in Phoenix, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Next To You Storage Units — 220 e southern ave, phoenix, az 85040
- Near-by Self Storage Units - Phoenix, AZ — 220 E Southern Ave, Phoenix, AZ 85040
- Storage — 500 E Broadway Rd, Phoenix, AZ 85040
Frequently Asked Questions
What type of property is this?
Warehouse - Vacant 8,850 SF industrial building with yard in Phoenix.
Where is this warehouse located?
The property is located at 5001 S Central Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Vacant ±8,850 SF industrial building presents a great owner/user opportunity.; Yard included.; South Phoenix location.
