Retail Location with
5065 E Elliot Rd Phoenix, AZ
For Sale
Contact for pricing
Corner retail location with street frontage and ample parking.
Property Size4,615 SF
Lot Size0.79 Acres
Price / SF$388.95
Days on Market715
Property Features for 5065 E Elliot Rd
General Information
Standard status
Active
Size
4,615 SF
Lot size
0.79 Acres
Property subtype
RETAIL
Properties For Sale
at 5065 E Elliot Rd Contact us
Listing Agency:
NAI Horizon - Phoenix
(602) 339-5660
Listed By:
Mark Wilcke · License #BR007676000
(602) 339-5660
Source:
Moodyscre
Added: Aug 15, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:20AM
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 NAI Horizon - Phoenix
Investment Insights
Based on property information with market context.
This retail property, formerly a bank, features a drive-through and is available for sale or lease. Situated on a corner with street frontage, the location offers excellent access and visibility. It is located at the southwest corner of 51st Street and Elliot Road, right off the I-10 Freeway. The property benefits from ample parking and commercial zoning and is located in a county island. The property size is 4,615 square feet.
Key Highlights
- Excellent access and visibility due to corner location and street frontage.
- Right off the I‑10 Freeway, providing convenient transportation access.
- Drive‑through, suitable for various business types.
Financial Insights For Specialty Retail
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 | $99.7k | $21.60 |
| − Vacancy | −$8.0k | −$1.73 |
| EGI | $91.7k | $19.87 |
| − OpEx | −$22.9k | −$4.97 |
| NOI | $68.8k | $14.90 |
4,615 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$982.6K
$859.8K – $1.15M
NOI $68,782 @ 7.0% cap · market cap 3.83%
Second Best
Retail
$745.1K
$652.0K – $869.3K
NOI $52,160 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,855 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Bank - Corner retail location with street frontage and ample parking.
Where is this bank located?
The property is located at 5065 E Elliot Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Excellent access and visibility due to corner location and street frontage.; Right off the I‑10 Freeway, providing convenient transportation access.; Drive‑through, suitable for various business types.
