Flex Storage and Office
8450 W Washington Street Peoria, AZ 85345
8450 W Washington Street, Peoria, AZ, 85345
$464,900
For Sale
$464,900
Historic office building plus gated, fenced storage facilities, workshops, covered workspace, and approximately 15 parking spaces.
Property Size2,593 SF
Price / SF$179.29
Days on Market172
Property Features for 8450 W Washington Street
General Information
- Standard status
- Active
- Size
- 2,593 SF
Listing agency
T.L.C. Realty
(928) 821-0506
Listed by
Carlena Grimmett
(928) 821-0506
Source
Exprealty
Added: Jan 30 Updated: Jul 21 at 4:24AM Checked: Jul 21 at 4:24AM
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 T.L.C. Realty
Investment Insights
Based on property information with market context.
This offering includes three parcels (142-41-006/007/008) with three buildings, totaling 2,593 square feet. The property features a historic office building with five rooms and two bathrooms, along with gated and fenced storage facilities and workshops. Covered workspace is also included, and the site provides approximately 15+ parking spaces. In addition, the property lists a 40 cubic yard ocean-going container on a 0.3785-acre lot.
The compound is being sold “as is” with no warranties, and the seller will do no cleanup or repairs. The public remarks indicate the property may be a strong fit for a construction or building contractor/subcontractor business.
Buyers should review the existing improvements and layout as delivered, along with the site’s covered workspace and secured storage configuration.
The compound is being sold “as is” with no warranties, and the seller will do no cleanup or repairs. The public remarks indicate the property may be a strong fit for a construction or building contractor/subcontractor business.
Buyers should review the existing improvements and layout as delivered, along with the site’s covered workspace and secured storage configuration.
Key Highlights
- 3 parcels (142‑41‑006/007/008) with 3 buildings totaling 2,593 sq ft
- 0.3785‑acre lot includes a 40 cu yd ocean‑going container
- Historic office building with 5 rooms and 2 baths
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 | $60.7k | $23.40 |
| − Vacancy | −$8.8k | −$3.39 |
| EGI | $51.9k | $20.01 |
| − OpEx | −$13.0k | −$5.00 |
| NOI | $38.9k | $15.01 |
2,593 SF · lease $23.40/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$555.8K
$486.4K – $648.5K
NOI $38,909 @ 7.0% cap · market cap 8.37%
Second Best
Warehouse
$354.0K
$309.8K – $413.1K
NOI $24,783 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$638.4K
$558.6K – $744.8K
NOI $44,689 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Comair Service Systems
Hardware & Home Improvement
Similar For Sale Nearby
Similar Off Market Nearby
- Torres cafe llc — 8110 W Peoria Ave Suit 101, Peoria, AZ 85345
- SWITCH Beignets, Cajun Boiled Peanuts and More! — W Peoria Ave, Peoria, AZ 85345
FAQs
What type of property is this?
Flex space - Historic office building plus gated, fenced storage facilities, workshops, covered workspace, and approximately 15 parking spaces.
Where is this flex space located?
The property is located at 8450 W Washington Street Peoria, AZ.
What is the asking price?
The asking price for this property is $464,900.
What are key features of this property?
This property features: 3 parcels (142‑41‑006/007/008) with 3 buildings totaling 2,593 sq ft; 0.3785‑acre lot includes a 40 cu yd ocean‑going container; Historic office building with 5 rooms and 2 baths
