Two-Suite Flex
For Sale
$1,899,000
650 N 137th Ave Unit 120, Goodyear, AZ 85338
Office and industrial functionality in a 2008 property with PAD zoning.
Property Size19,680 SF
Price / SF$96.49
Days on Market263
Property Features for 650 N 137th Ave Unit 120
General Information
Standard status
Active
Size
19,680 SF
Property subtype
Commercial
Zoning
PAD
Additional Details
Office Units
2
Building Details
Year Built
2008
Listing Agency:
City to City Commercial
Listed By:
Chris Benjamin · License #BR034762000
(602) 920-1700
Source:
Viewhomesinscottsdaleaz
Added: Jan 23
Changed: Oct 1
Last Checked: Oct 12 at 7:59PM
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 flex space offers 5,625 square feet across two suites, providing a combined office, industrial, and manufacturing-oriented configuration. Constructed in 2008, the property is positioned for an owner-user seeking space that can accommodate both administrative and operational functions. PAD zoning is associated with the offering, adding flexibility to its commercial profile.
The property is located at 650 N 137th Ave Unit 120 in Goodyear, Arizona. Its defined two-suite layout and adaptable office-industrial character create a practical foundation for businesses requiring more than conventional office space.
The property is located at 650 N 137th Ave Unit 120 in Goodyear, Arizona. Its defined two-suite layout and adaptable office-industrial character create a practical foundation for businesses requiring more than conventional office space.
Key Highlights
- 5,625 SF flex space arranged in two suites
- Constructed in 2008
- PAD zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,611
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,492,220
$3.5M
Cap Rate 7%
$2,494,443
$2.5M
Cap Rate 9%
$1,940,122
$1.9M
Market Conditions
NOI Build-Up for 19,680 SF
Gross rent
$307.0K $15.60/SF
− Vacancy
−$38.4K −$1.95/SF
EGI
$268.6K $13.65/SF
− OpEx
−$94.0K −$4.78/SF
NOI
$174.6K $8.87/SF
Area
Goodyear, AZ
Vacancy
12.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,492,220
Cap Rate 7%
$2,494,443
Cap Rate 9%
$1,940,122
Alternative Uses
Best Use
Office B
$4.09M
$3.58M – $4.77M
NOI $286,403 @ 7.0% cap · market cap 15.08%
Second Best
Flex RnD
$2.49M
$2.18M – $2.91M
NOI $174,611 @ 7.0% cap · market cap 9.19%
Theoretical Best
Office A
$5.81M
$5.08M – $6.77M
NOI $406,497 @ 7.0% cap · market cap 21.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
944
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85338, AZ
59,313
Population
23,748
Households
2.5
Avg Household Size
36
Median Age
32%
College-Educated
93%
High-School Grad
76.0 sq mi
ZIP Area
780
Density / Sq Mi
$99,345
Median Household Income
$49,057
Median Earnings
$1,822
Median Rent
$396,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
- Goose's Grub — 424 N Litchfield Rd, Goodyear, AZ 85338
Frequently Asked Questions
What type of property is this?
Flex space - Office and industrial functionality in a 2008 property with PAD zoning.
Where is this flex space located?
The property is located at 650 N 137th Ave Unit 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: 5,625 SF flex space arranged in two suites; Constructed in 2008; PAD zoning
