Retail Space with High
5135 W Southern Ave, Laveen, AZ 85339
For Sale
Contact for pricing
Gray-shell delivery accommodates retail, office, or medical build-out, with a dental practice already signed as the first tenant.
Property Size5,134 SF
Price / SF$2
Days on Market165
Property Features for 5135 W Southern Ave
General Information
Standard status
Size
Additional Details
Condition
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Compass
Listed By:
Mehran Parsai · License AZ BR112043000
(480) 980-2244
Source:
Findallphoenixhomelistings
Added: May 29
Changed: Nov 8
Last Checked: Nov 8 at 6:57AM
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 Compass
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Investment Insights
Based on property information with market context.
This retail property is under construction and is planned for completion in January 2027. Building 1 contains 5,134 square feet, arranged as three suites that can be leased separately at 1,000–5,000 square feet or combined into approximately 4,000 square feet. The space will be delivered in gray-shell condition, and ceilings range from 24 to 26 feet. Retail, office, and medical build-outs are identified as options.
Building 2 provides approximately 2,000–4,000 square feet and fronts Southern Avenue. A dental practice has signed as the first tenant in the development.
Building 2 provides approximately 2,000–4,000 square feet and fronts Southern Avenue. A dental practice has signed as the first tenant in the development.
Key Highlights
- Building 1 totals 5,134 SF with three suites
- Building 1 suites range from 1,000‑5,000 SF individually or approximately 4,000 SF combined
- Building 2 offers approximately 2,000‑4,000 SF along Southern Ave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,025
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,160,500
$1.2M
Cap Rate 7%
$828,929
$828.9K
Cap Rate 9%
$644,722
$644.7K
Market Conditions
NOI Build-Up for 5,134 SF
Gross rent
$92.4K $18.00/SF
− Vacancy
−$9.5K −$1.85/SF
EGI
$82.9K $16.15/SF
− OpEx
−$24.9K −$4.84/SF
NOI
$58.0K $11.30/SF
Area
Phoenix, AZ
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,160,500
Cap Rate 7%
$828,929
Cap Rate 9%
$644,722
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.46M
NOI $87,888 @ 7.0% cap
Second Best
Healthcare Medical
$1.05M
$914.9K – $1.22M
NOI $73,190 @ 7.0% cap
Theoretical Best
Office A
$1.56M
$1.36M – $1.81M
NOI $108,859 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
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Business Placement
Demographics for 85339, AZ
50,447
Population
15,628
Households
3.2
Avg Household Size
31
Median Age
29%
College-Educated
87%
High-School Grad
258.2 sq mi
ZIP Area
195
Density / Sq Mi
$104,023
Median Household Income
$47,225
Median Earnings
$2,008
Median Rent
$398,100
Median Home Value
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Market
Properties on Market for Retail space in Maricopa County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Retail space - Gray-shell delivery accommodates retail, office, or medical build-out, with a dental practice already signed as the first tenant.
Where is this retail space located?
The property is located at 5135 W Southern Ave Laveen, AZ.
What are key features of this property?
This property features: Building 1 totals 5,134 SF with three suites; Building 1 suites range from 1,000‑5,000 SF individually or approximately 4,000 SF combined; Building 2 offers approximately 2,000‑4,000 SF along Southern Ave
