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    Property profile & analytics
    OFF-MARKET Estimated value $5,650,000
    Flex space

    17431 Black Cyn Hwy, Phoenix, AZ 85023-2139

    26,320 SF 1.64 ac lot Built 1979
    Entity Owned ~ Est. High Equity
    Property ID
    US07-2669851
    Property summary
    AI-generated overview

    This exceptional owner-user opportunity presents a 26,320-square-foot industrial property situated on a 1.64-acre lot in desirable North Central Phoenix, Arizona. The single-story building, classified as Class C, features a 15'11" ceiling height and is zoned for industrial park use. The property includes a gated yard area and covered parking. The warehouse is equipped with both air conditioning and evaporative cooling systems. Currently, there is a lease in place with 4.1 years remaining until expiration on March 1st, 2025. The asking price is $4,900,000, translating to $186.17 per square foot. The property's address is 17431 N Black Cyn Hwy, Phoenix, AZ 85023, with the APN 208-31-001-A. The property is suitable for a variety of manufacturing and warehouse operations. Given the existing lease, the pro-forma NOI is currently $0. This presents a unique chance to acquire a well-located industrial asset in a thriving market. The property offers significant potential for an owner-occupier seeking a strategic location with ample space and desirable features. The substantial lot size of 71,613 square feet provides additional flexibility and potential for future expansion. This is an excellent opportunity for a business seeking to establish or expand its operations in the Phoenix metropolitan area.

    Property profile
    Verified
    Property type Flex space
    Use group LIGHT INDUSTRIAL
    Year built 1979
    Construction CONCRETE
    Total area 26,320 SF
    Lot 1.64 ac (71,613 SF)
    Zoning code IND.PK.
    APN 208-31-001A
    UPID US07-2669851
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Armored Republic Industrial Manufacturer Production Facility
    • Pinturas Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $6.81M
    Blend (final) Blend
    $5.65M
    Owner & transaction history
    Black Mountain Property LLC
    Black Mountain Property LLC
    since 2025
    Last sale
    $4.5M
    7 recorded transactions
    2025
    $4.5M
    2017
    2017
    2015
    $1.2M
    1995
    $1.1M
    1993
    1969
    Zoning & alternative use
    IND.PK. · Phoenix, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $7.9M +36.4%
    Retail stores $7.8M +35.5%
    Medical building $7.0M +20.7%
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