Flex Space with 18-Foot Clear
New
For Sale
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8945 W Bloomfield Rd, Peoria, AZ 85381
An owner-built office component can be tailored to support operations within the industrial-format space.
Property Size9,884 SF
Days on Market4
Property Features for 8945 W Bloomfield Rd
General Information
Standard status
Active
Size
9,884 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Clear Height
18 ft
Building Details
Building Size
9,884 SF
Year Built
2007
Listing Agency:
Matthews Real Estate Investment Services | Phoenix
Listed By:
Oscar Lopez · License #SA691653000 (AZ)
(602) 975-0810
Source:
Matthews
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:32AM
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 Matthews Real Estate Investment Services | Phoenix
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Investment Insights
Based on property information with market context.
This 9,884-square-foot flex space was built in 2007 and features an 18-foot clear height. The owner will build to suit an office component equal to 5% of the space, allowing the office area to be configured for the occupant. Association-maintained common areas are part of the property’s operating arrangement.
US-60 and Loop 101 provide access to regional transportation corridors across the Northwest Phoenix metro area.
US-60 and Loop 101 provide access to regional transportation corridors across the Northwest Phoenix metro area.
Key Highlights
- 9,884 square feet of flex space
- 18‑foot clear height
- Owner will build to suit 5% office component
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,798
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,555,960
$1.6M
Cap Rate 7%
$1,111,400
$1.1M
Cap Rate 9%
$864,422
$864.4K
Market Conditions
NOI Build-Up for 9,884 SF
Gross rent
$125.7K $12.72/SF
− Vacancy
−$14.6K −$1.48/SF
EGI
$111.1K $11.24/SF
− OpEx
−$33.3K −$3.37/SF
NOI
$77.8K $7.87/SF
Area
Peoria, AZ
Vacancy
11.60%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,555,960
Cap Rate 7%
$1,111,400
Cap Rate 9%
$864,422
Alternative Uses
Best Use
Flex RnD
$1.13M
$991.9K – $1.32M
NOI $79,350 @ 7.0% cap · market cap 6,348,000.00%
Second Best
Industrial
$1.11M
$972.5K – $1.30M
NOI $77,798 @ 7.0% cap · market cap 6,223,840.00%
Theoretical Best
Office A
$2.43M
$2.13M – $2.84M
NOI $170,345 @ 7.0% cap · market cap 13,627,600.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85381, AZ
27,008
Population
11,393
Households
2.4
Avg Household Size
40
Median Age
34%
College-Educated
95%
High-School Grad
6.7 sq mi
ZIP Area
4,031
Density / Sq Mi
$94,442
Median Household Income
$49,458
Median Earnings
$1,726
Median Rent
$407,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - An owner-built office component can be tailored to support operations within the industrial-format space.
Where is this flex space located?
The property is located at 8945 W Bloomfield Rd Peoria, AZ.
What are key features of this property?
This property features: 9,884 square feet of flex space; 18‑foot clear height; Owner will build to suit 5% office component
