Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3404 Weldon Ave Phoenix, AZ 85017

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3404 Weldon Ave Phoenix, AZ 85017

    View on Map
    • Retail properties & Spaces
    • 4,500 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3404 Weldon Ave

    Property size
    4,500 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 4,500 square foot retail space is ideally located at 3404 W. Weldon Avenue in Phoenix, Arizona, within Maricopa County. The property is zoned A-2 and offers a single-tenant occupancy opportunity. The entire building is currently vacant, presenting a blank canvas for a prospective tenant to customize to their specific business needs. The space boasts substantial power capabilities, featuring 400 amps of 120/240 volt, 3-phase power, ensuring ample electrical capacity for a wide range of commercial operations. This prime location in Phoenix offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strong foothold in a thriving market. The property's size and power supply make it suitable for a variety of retail uses. Interested parties are encouraged to explore the potential of this versatile space and its strategic location within the vibrant Phoenix commercial landscape. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Detailed specifications and lease terms are available upon request. This is a rare opportunity to secure a substantial retail space in a desirable Phoenix location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.132
    Latitude
    33.4912

    Comparable in this City

    • Value Estimation by Request
      16,000 SF

      3402-06 Weldon Ave

      Retail properties & Spaces • 16,000 SF
      3402-06 Weldon Ave, Phoenix, AZ 85017
      View Details
    • Value Estimation by Request
      7,000 SF

      3406 Weldon Ave

      Retail properties & Spaces • 7,000 SF
      3406 Weldon Ave, Phoenix, AZ 85017
      View Details
    • Value Estimation by Request
      4,500 SF

      3402 Weldon Ave

      Retail properties & Spaces • 4,500 SF
      3402 Weldon Ave, Phoenix, AZ 85017
      View Details
    • Value Estimation by Request
      1,100 SF

      21 Years Weekdays Only!

      Restaurants • 1,100 SF
      21 Years Weekdays Only!, Phoenix, AZ 85017
      View Details
    • Value Estimation by Request
      206,428 SF

      6145 35th Ave

      SHOW ROOM, WAREHOUSE • 206,428 SF
      6145 35th Ave, Phoenix, AZ 85017-1940
      View Details
    • Value Estimation by Request
      243,530 SF

      3150 31st Ave

      SHOW ROOM, WAREHOUSE • 243,530 SF
      3150 31st Ave, Phoenix, AZ 85017-5409
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,000 SF

      Phoenix Retail NNN Investment Opportunity

      NNN leased retail property with scheduled rent increases in Phoenix.
      6175 S 35Th Ave, Phoenix, AZ 85017
      View Details
    • Contact for pricing
      32,600 SF

      Phoenix Hotel Investment Opportunity

      98-Room Hotel, R-5 Zoning, High Growth Market
      4021 N 27th Ave, Phoenix, AZ 85017
      View Details
    • Contact for pricing

      Phoenix Area Land Opportunity

      Prime land for industrial development in Phoenix, Arizona.
      2956 West Osborn Rd, Phoenix, AZ 85017
      View Details
    • Contact for pricing

      Casa Blanca Apartments: Multifamily Investment

      81-unit apartment community in Phoenix, offering value-add potential.
      2520 W Mclellan Blvd, Phoenix, AZ 85017
      View Details
    • $380,000
      Pending

      Updated Duplex Ready to Rent

      Updated duplex with two vacant units, ready for immediate rental.
      2608 West Ocotillo Rd, Phoenix, AZ 85017
      View Details
    • $589,999
      1,863 SF

      Phoenix Triplex Investment Opportunity

      Well-maintained triplex near Grand Canyon University with steady cash flow.
      6713 N 27Th Ave, Phoenix, AZ 85017
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Phoenix Retail/Showroom Space Available

      6,000 SF retail/showroom space with frontage and signage.
      3401-3407 N 35Th Ave, Phoenix, AZ 85017
      View Details
    • Contact for pricing
      21,300 SF

      Retail Space Near GCU Campus

      Retail space adjacent to Grand Canyon University with drive-thru potential.
      5045 N 35Th Ave, Phoenix, AZ 85017
      View Details
    • Contact for pricing
      6,000 SF

      Phoenix Flex Space For Rent

      6,000 SF flex space available for rent in Phoenix.
      3401 W Whitton Ave, Phoenix, AZ 85017
      View Details
    • Contact for pricing

      Retail Space in Plaza 27

      High-traffic retail space available in thriving West Phoenix shopping center.
      4130 N 27Th Ave, Phoenix, AZ 85017
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near GCU Campus

      Retail space adjacent to Grand Canyon University with drive-thru.
      3446 W Camelback Rd, Phoenix, AZ 85017
      View Details
    • Contact for pricing

      Remodeled Shopping Center with Highway Access

      Shopping center with highway access and high-traffic frontage.
      2601 W Bethany Home Rd, Phoenix, AZ 85017
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3404 Weldon Ave
    Phoenix, AZ 85017
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!