Listing Agency: Newmark | Phoenix k***@nmrk.com Show Phone

Listed By: Keri Scott · License #SA636289000 Show Phone

Source: Moodyscre

Added: May 15 Changed: Aug 15 Last Checked: Aug 26 at 1:20PM

Report an Issue

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 Newmark | Phoenix

Investment Insights

Based on property information with market context.

This industrial property, encompassing 8,130 square feet, features a secured yard. The property is single-tenant and presents a value-add opportunity. It is located in Phoenix, Arizona.

Key Highlights

• Below market rent offers immediate upside
• Value add opportunity to increase revenue
• Secured yard provides added security

Property Analytics

Property Profile

Current Use

Pro-Tec Refrigeration, Inc HVAC Service Kevin W. Jones, ... Gym & Fitness Center

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Pharmacy Nail Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

281

Businesses Nearby

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

6.8% 2019

8.1% 2020

5% 2021

4.4% 2022

8.9% 2023

12.2% 2024

12.7% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this industrial properties located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Renovated Freestanding Storefront

4105 S CENTRAL Avenue, Phoenix, AZ 85040

$1,795,000

5,700 SF

View details

Freestanding Office Building with Parking

1725 E Osborn Rd, Phoenix, AZ 85016

$1,900,000

4,903 SF

View details

Two-Story Flex Industrial Building

4615 S 33rd Pl, Phoenix, AZ 85040

$2,450,000

9,867 SF

View details

Three-Unit Office Condo Building 4

4550 E BELL Road 142, Phoenix, AZ 85032

$1,670,000

6,003 SF

View details

Renovated Three-Level Office Building

2727 N. 3rd St., Phoenix, AZ 85004

$3,700,000

12,502 SF

View details

Flex Building with Retail Component

2833-2837 E Bell Rd & 16628 N 29th St, Phoenix, AZ 85032

$1,950,000

9,750 SF

View details

Flex Property With Auto Bays

2301 N 27TH Avenue, Phoenix, AZ 85009

$1,200,000

7,857 SF

View details

Three-Unit Office Condo Portfolio

142-4550 E Bell Rd, Phoenix, AZ 85023

$1,670,000

6,003 SF

View details

Infill Office Redevelopment Site

1405 N 1ST Street, Phoenix, AZ 85004

$3,330,000

7,450 SF

View details

Two-Tenant NNN Strip Center

4611 E Chandler Blvd, Phoenix, AZ 85048

$2,909,092

9,000 SF

View details

C-O Zoned Office Building

12020 N 35th Ave, Phoenix, AZ 85029

$1,250,000

10,252 SF

View details

Office Unit with Central Air

14001 N 7th Street E109, Phoenix, AZ 85022

$874,000

2,513 SF

View details

Frequently Asked Questions

What type of property is this?

Industrial property - Industrial property featuring a secured yard and value-add opportunity.

Where is this industrial property located?

The property is located at 5621 S 24th St Phoenix, AZ.

What are key features of this property?

This property features: Below market rent offers immediate upside; Value add opportunity to increase revenue; Secured yard provides added security