Renovated Flex
For Sale
Contact for pricing
9034 N 23rd Ave Unit 1, Phoenix, AZ 85021
Updated commercial suites offer grade-level loading, glass-forward finishes, and direct access to major Phoenix freeways.
Property Size2,146 SF
Price / SF$1.15
Days on Market199
Property Features for 9034 N 23rd Ave Unit 1
General Information
Standard status
Active
Size
2,146 SF
Additional Details
Highway Access
Yes
Office Units
1
Building Details
Year Built
1982
Listing Agency:
Cutler Commercial
Listed By:
Jim M Lieberthal · License #BR516852000
(602) 955-3500
Source:
Phoenixhomehunter
Added: Apr 2
Changed: Oct 15
Last Checked: Oct 16 at 9:21AM
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 Cutler Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Renovated flex space at Central Valley Industrial Park combines commercial suite layouts with grade-level loading and updated interior finishes. Substantial building improvements include modern materials and extensive glass lines, while available floorplans support evaluation of individual suite configurations. On-site property management and security serve the property, with ownership providing streamlined lease execution and responsive service.
The property is located at 9034 N 23rd Ave in Phoenix, with access to I-17, Loop 101, and SR 51. Its 1982 construction date is complemented by subsequent building renovations. The site includes office-oriented suites within the broader flex-space offering, creating a combination of workspace and service-oriented functionality in a managed industrial park setting.
The property is located at 9034 N 23rd Ave in Phoenix, with access to I-17, Loop 101, and SR 51. Its 1982 construction date is complemented by subsequent building renovations. The site includes office-oriented suites within the broader flex-space offering, creating a combination of workspace and service-oriented functionality in a managed industrial park setting.
Key Highlights
- Grade‑level loading supports flex‑space functionality
- Substantial building renovations with modern finishes and extensive glass lines
- Access to I‑17, Loop 101, and SR 51
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,499
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,980
$270.0K
Cap Rate 7%
$192,843
$192.8K
Cap Rate 9%
$149,989
$150.0K
Market Conditions
NOI Build-Up for 2,146 SF
Gross rent
$21.9K $10.20/SF
− Vacancy
−$2.6K −$1.21/SF
EGI
$19.3K $8.99/SF
− OpEx
−$5.8K −$2.70/SF
NOI
$13.5K $6.29/SF
Area
Phoenix, AZ
Vacancy
11.90%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,980
Cap Rate 7%
$192,843
Cap Rate 9%
$149,989
Alternative Uses
Best Use
Office B
$524.8K
$459.2K – $612.3K
NOI $36,737 @ 7.0% cap · market cap 1,489.14%
Second Best
Flex RnD
$336.7K
$294.6K – $392.8K
NOI $23,568 @ 7.0% cap · market cap 955.33%
Theoretical Best
Office A
$650.0K
$568.8K – $758.4K
NOI $45,503 @ 7.0% cap · market cap 1,844.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,268
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85021, AZ
40,943
Population
18,136
Households
2.3
Avg Household Size
35
Median Age
33%
College-Educated
87%
High-School Grad
6.9 sq mi
ZIP Area
5,934
Density / Sq Mi
$58,481
Median Household Income
$38,147
Median Earnings
$1,221
Median Rent
$433,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Phoenix, AZ
Similar Off Market Nearby
- Carmen's AZ Catering — 8433 N Black Cyn Hwy Suite #136-A, Phoenix, AZ 85021
- TaQuero Muncho — 9853 N 19th Ave, Phoenix, AZ 85021
- Atlasta Catering — 10021 N 19th Ave, Phoenix, AZ 85021
Frequently Asked Questions
What type of property is this?
Flex space - Updated commercial suites offer grade-level loading, glass-forward finishes, and direct access to major Phoenix freeways.
Where is this flex space located?
The property is located at 9034 N 23rd Ave Unit 1 Phoenix, AZ.
What are key features of this property?
This property features: Grade‑level loading supports flex‑space functionality; Substantial building renovations with modern finishes and extensive glass lines; Access to I‑17, Loop 101, and SR 51
