Warehouse
For Sale
Contact for pricing
514 E Southern Ave, Phoenix, AZ 85040
Industrial warehouse building for sale.
Property Size1,170 SF
Price / SF$149.57
Days on Market254
Property Features for 514 E Southern Ave
General Information
Standard status
Active
Size
1,170 SF
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
South Mountain
Listing Agency:
Menlo Group Commercial Real Estate
(480) 771-1376
Listed By:
Stuart Milne · License #AZ SA634760000
(480) 236-9511
Source:
Moodyscre
Added: Feb 17
Changed: Oct 25
Last Checked: Oct 28 at 5:54AM
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 Menlo Group Commercial Real Estate
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Investment Insights
Based on property information with market context.
Industrial warehouse building for sale at 514 E Southern Ave, Phoenix, AZ 85040. The property is 1,170 square feet.
Key Highlights
- 1,170 square feet industrial warehouse building
- 514 E Southern Ave, Phoenix, AZ 85040
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,937
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,740
$178.7K
Cap Rate 7%
$127,671
$127.7K
Cap Rate 9%
$99,300
$99.3K
Market Conditions
NOI Build-Up for 1,170 SF
Gross rent
$11.9K $10.20/SF
− Vacancy
−$1.4K −$1.21/SF
EGI
$10.5K $8.99/SF
− OpEx
−$1.6K −$1.35/SF
NOI
$8.9K $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 Rate 5%
$178,740
Cap Rate 7%
$127,671
Cap Rate 9%
$99,300
Alternative Uses
Best Use
Warehouse
$127.7K
$111.7K – $149.0K
NOI $8,937 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$354.4K
$310.1K – $413.5K
NOI $24,808 @ 7.0% cap · market cap 14.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
630
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Phoenix, AZ
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse building for sale.
Where is this warehouse located?
The property is located at 514 E Southern Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1,170 square feet industrial warehouse building; 514 E Southern Ave, Phoenix, AZ 85040
