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Property profile & analytics
OFF-MARKET Estimated value $6,920,000
Flex space

21602 Central Ave Phoenix, AZ 85024-5106

16,125 SF 0.92 ac lot Built 1986
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US07-0985416
Property summary
AI-generated overview

This Phoenix industrial property, located at 21602, 21616 & 21628 North Central Ave, offers a total of 16,480 square feet of versatile space, ideal for manufacturing, warehousing, or distribution. Currently, 6,180 square feet is available for lease, divided into three separate suites. The building, constructed in 1986, boasts a 12-foot ceiling height, providing ample room for storage and operations. The property is zoned A-1 by the City of Phoenix and situated within the desirable Deer Valley/Pinnacle Peak Industrial submarket of Maricopa County, Arizona. Ample parking is available with 86 total spaces. This multi-tenant building presents a unique opportunity for businesses seeking flexible and functional industrial space in a prime Phoenix location. The property's address is conveniently located in the 85024 zip code. Interested parties should inquire about the available suite sizes and lease terms. The property offers a strategic location within a thriving industrial area, providing easy access to major transportation routes and supporting infrastructure. This is an excellent opportunity to establish or expand your business in a well-established and sought-after industrial submarket.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1986
Construction CONCRETE
Total area 16,125 SF
Lot 0.92 ac (40,000 SF)
Zoning code A-1
APN 209-10-036
UPID US07-0985416
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
  • LK Technica Auto Repair Shop Vehicle Inspection Center
  • Evoq Motorsport Auto Parts Store (Bike/Boat/Book/etc) Store
  • All Valley Powder Coating Powder Coating Service
  • Devil Dawg Hardware & Home Improvement Interior Design
  • Mercedes & BMW Bimmer Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.48M
Blend (final) Blend
$6.92M
Owner & transaction history
Pegasus Deer Valley Owner LLC · 4 yrs held
Pegasus Deer Valley Owner LLC
since 2021
Last sale
$9.0M
7 recorded transactions
2021
$9.0M
2017
Price N/A
2012
$1.9M
2012
Price N/A
2011
$1.3M
1997
Price N/A
1996
$1.6M
Zoning & alternative use
A-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The purpose of A-1 zone is to provide industrial uses designed to serve the needs of the community for industrial activity not offensive to nearby commercial and residential uses

Zone name Light Industrial
General category INDUSTRIAL
Zone area 16,992.51 ac
Source Realmo
Top alternative use upside
Commercial (general) $11.2M +216.6%
Restaurant $8.6M +142.7%
Auto repair, garage $6.8M +92.1%
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