Industrial Warehouse with Fenced
5850 West Market Street, Glendale, AZ 85301
For Sale
Contact for pricing
M-1 zoning allows light industrial, warehousing, wholesale, and associated office uses.
Property Size6,189 SF
Lot Size1.41 Acres
Price / SF$266.60
Days on Market15
Property Features for 5850 West Market Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Road Access
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Warehouse Space
Drive-In Doors
Power
Additional Details
Opportunity Zone
Property Use
Building Details
Buildings
Building Size
Construction
Listing Agency:
KW Commercial Scottsdale SW
Listed By:
Paul Andrews · License AZ SA628163000
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 10 at 5:40AM
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 KW Commercial Scottsdale SW
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Investment Insights
Based on property information with market context.
The 6,189 SF masonry and wood-frame warehouse occupies a 1.41-acre parcel enclosed by perimeter fencing. Building features include a rolling grade-level door, 200-amp electrical service, and a concrete foundation. A gravel and asphalt-millings yard provides outdoor space, with parking at the front of the building. The property is scheduled for delivery vacant at closing, with new asphalt millings to be installed in the yard.
The site has 223 feet of frontage on West Market Street and two gated curb cuts. It is one block south of Downtown Glendale and lies within a federally designated Opportunity Zone. M-1 zoning accommodates light manufacturing, assembly, warehousing, wholesale activity, and associated office and support commercial uses. An adjacent 1.01-acre parcel at 6801 N 59th Drive is also available; together, the properties total 2.42 acres.
The site has 223 feet of frontage on West Market Street and two gated curb cuts. It is one block south of Downtown Glendale and lies within a federally designated Opportunity Zone. M-1 zoning accommodates light manufacturing, assembly, warehousing, wholesale activity, and associated office and support commercial uses. An adjacent 1.01-acre parcel at 6801 N 59th Drive is also available; together, the properties total 2.42 acres.
Key Highlights
- 6,189 SF warehouse on a 1.41‑acre parcel
- 223 feet of West Market Street frontage and two gated curb cuts
- Perimeter‑fenced site with a gravel and asphalt‑millings yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,153
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,183,060
$1.2M
Cap Rate 7%
$845,043
$845.0K
Cap Rate 9%
$657,256
$657.3K
Market Conditions
NOI Build-Up for 6,189 SF
Gross rent
$78.7K $12.72/SF
− Vacancy
−$9.1K −$1.48/SF
EGI
$69.6K $11.24/SF
− OpEx
−$10.4K −$1.69/SF
NOI
$59.2K $9.56/SF
Area
Glendale, AZ
Vacancy
11.60%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,183,060
Cap Rate 7%
$845,043
Cap Rate 9%
$657,256
Alternative Uses
Best Use
Warehouse
$845.0K
$739.4K – $985.9K
NOI $59,153 @ 7.0% cap · market cap 3.59%
Second Best
Industrial
$695.9K
$608.9K – $811.9K
NOI $48,714 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$1.94M
$1.70M – $2.27M
NOI $136,083 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,451
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85301, AZ
67,380
Population
24,019
Households
2.8
Avg Household Size
30
Median Age
11%
College-Educated
71%
High-School Grad
9.3 sq mi
ZIP Area
7,245
Density / Sq Mi
$47,422
Median Household Income
$33,727
Median Earnings
$1,189
Median Rent
$218,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Warehouses in Glendale
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
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- Allstar Movers - West Valley — 5806 W Market St, Glendale, AZ 85301
- Southwest Mobile Storage — N 63rd Ave, Glendale, AZ 85301
Frequently Asked Questions
What type of property is this?
Warehouse - M-1 zoning allows light industrial, warehousing, wholesale, and associated office uses.
Where is this warehouse located?
The property is located at 5850 West Market Street Glendale, AZ.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 6,189 SF warehouse on a 1.41‑acre parcel; 223 feet of West Market Street frontage and two gated curb cuts; Perimeter‑fenced site with a gravel and asphalt‑millings yard
