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5650 W BUCKEYE RD, Phoenix, AZ 85043
A-1 Light Industrial zoning supports an established industrial property with two building components and paved site improvements.
Property Size19,787 SF
Lot Size1.45 Acres
Price / SF$240.06
Days on Market80
Property Features for 5650 W BUCKEYE RD
General Information
Standard status
Active
Size
19,787 SF
Lot size
1.45 Acres
Property subtype
Industrial
Zoning
A-1, Light Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
3
Building Details
Year Built
1973
Buildings
2
Stories
1
Units
1
Listing Agency:
Rein & Grossoehme Commercial Real Estate
Listed By:
Max Schumacher, SIOR · License #SA678600000
Source:
Crexi
Added: Jun 12
Changed: Aug 30
Last Checked: Aug 30 at 8:26PM
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 Rein & Grossoehme Commercial Real Estate
Investment Insights
Based on property information with market context.
This industrial property includes approximately 19,787 square feet across two buildings on a 1.45-acre asphalt-paved site. The larger concrete tilt-up structure contains approximately 12,800 square feet with 15-foot clear height. A separate shop building provides approximately 6,987 square feet and clear heights ranging from 17 to 18 feet. Loading is served by one 10-foot by 10-foot grade-level door and two 14-foot by 14-foot grade-level doors. The site also includes ample parking.
Located at 5650 W Buckeye Rd in Phoenix, the property offers frontage along Buckeye Rd, where traffic volume exceeds 28,000 vehicles per day. Loop 202 is 0.3 miles away, and I-10 is 2 miles from the site. The property is zoned A-1, Light Industrial, and was built in 1973.
Located at 5650 W Buckeye Rd in Phoenix, the property offers frontage along Buckeye Rd, where traffic volume exceeds 28,000 vehicles per day. Loop 202 is 0.3 miles away, and I-10 is 2 miles from the site. The property is zoned A-1, Light Industrial, and was built in 1973.
Key Highlights
- Approximately 19,787 SF across two industrial buildings
- Approximately 12,800 SF concrete tilt‑up building with 15' clear height
- Approximately 6,987 SF shop building with 17'–18' clear height
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
$151,138
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
3.18%
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%
$3,022,760
$3.0M
Cap Rate 7%
$2,159,114
$2.2M
Cap Rate 9%
$1,679,311
$1.7M
Market Conditions
NOI Build-Up for 19,787 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
$201.8K $10.20/SF
− Vacancy
−$24.0K −$1.21/SF
EGI
$177.8K $8.99/SF
− OpEx
−$26.7K −$1.35/SF
NOI
$151.1K $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%
$3,022,760
Cap Rate 7%
$2,159,114
Cap Rate 9%
$1,679,311
Alternative Uses
Best Use
Warehouse
$2.16M
$1.89M – $2.52M
NOI $151,138 @ 7.0% cap · market cap 3.18%
Second Best
Industrial
$1.78M
$1.56M – $2.07M
NOI $124,467 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$5.99M
$5.24M – $6.99M
NOI $419,556 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Explore this area
Business Placement
Demographics for 85043, AZ
35,800
Population
11,564
Households
3.1
Avg Household Size
28
Median Age
13%
College-Educated
73%
High-School Grad
20.3 sq mi
ZIP Area
1,764
Density / Sq Mi
$70,051
Median Household Income
$39,583
Median Earnings
$1,496
Median Rent
$288,900
Median Home Value
Market
Vacancy Rate% for Industrial in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - A-1 Light Industrial zoning supports an established industrial property with two building components and paved site improvements.
Where is this industrial property located?
The property is located at 5650 W BUCKEYE RD Phoenix, AZ.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Approximately 19,787 SF across two industrial buildings; Approximately 12,800 SF concrete tilt‑up building with 15' clear height; Approximately 6,987 SF shop building with 17'–18' clear height
