Flex Office-Industrial
650 N 137th Avenue #120 Goodyear, AZ 85338
650 N 137th Avenue #120, Goodyear, AZ, 85338
$1,899,000
For Sale
$1,899,000
Two flex suites totaling 5,625 SF were built in 2008 and are zoned PAD for versatile office-industrial use.
Property Size5,625 SF
Price / SF$337.60
Days on Market57
Property Features for 650 N 137th Avenue #120
General Information
- Standard status
- Active
- Size
- 5,625 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2008
Listing agency
City to City Commercial
(602) 920-1700
Listed by
Chris Benjamin · License #BR034762000
(602) 920-1700
Source
Sunhaven-realestate
Added: May 28 Updated: Jul 22 at 4:50PM Checked: Jul 22 at 4:50PM
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 City to City Commercial
Investment Insights
Based on property information with market context.
This for-sale flex/industrial property is comprised of two suites within a construction built in 2008, totaling 5,625 SF. The configuration is set up to support office and industrial or manufacturing-style operations, and the property is described as suitable for office/industrial and manufacturing endeavors.
The offering is zoned PAD, providing flexibility for a range of custom-tailored uses. The location is identified as being in the Goodyear, AZ area.
Overall, the property presents a modern, two-suite layout with PAD zoning designed to accommodate mixed office-industrial needs for an owner-user or business requiring adaptable space.
The offering is zoned PAD, providing flexibility for a range of custom-tailored uses. The location is identified as being in the Goodyear, AZ area.
Overall, the property presents a modern, two-suite layout with PAD zoning designed to accommodate mixed office-industrial needs for an owner-user or business requiring adaptable space.
Key Highlights
- Two flex suites totaling 5,625 SF built in 2008
- Property is zoned PAD
- Configured for versatile office/industrial and manufacturing use
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.8k | $25.20 |
| − Vacancy | −$32.6k | −$5.80 |
| EGI | $109.1k | $19.40 |
| − OpEx | −$27.3k | −$4.85 |
| NOI | $81.9k | $14.55 |
5,625 SF · lease $25.20/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.36M
NOI $81,861 @ 7.0% cap · market cap 4.31%
Second Best
Flex RnD
$713.0K
$623.9K – $831.8K
NOI $49,908 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,186 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Keogh Engineering Inc
General Contractor
Ross Outdoors Archery ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Goose's Grub — 424 N Litchfield Rd, Goodyear, AZ 85338
FAQs
What type of property is this?
Flex space - Two flex suites totaling 5,625 SF were built in 2008 and are zoned PAD for versatile office-industrial use.
Where is this flex space located?
The property is located at 650 N 137th Avenue #120 Goodyear, AZ.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Two flex suites totaling 5,625 SF built in 2008; Property is zoned PAD; Configured for versatile office/industrial and manufacturing use
