21965 31st Ave, Phoenix, AZ 85027
This exceptional 20,018-square-foot Class A industrial property in Phoenix's Deer Valley submarket offers a unique blend of office and warehouse space. Located at 21965 N 31st Ave, this single-story building, constructed in 2024, features 14,764 square feet of immediately available space, divisible to a minimum of 3,691 square feet. The property boasts a 1.7-acre lot, 28 parking spaces, one drive-in door, and an impressive 18-foot ceiling height in the warehouse area. The available space includes a modern office area with landscaped entry, a spacious reception area featuring a 12-foot glass wall, two private offices with sidelites, a wet bar, and a restroom. High-end finishes and a 4-ton A/C unit enhance the office space. The warehouse area features a 12' wide x 14' tall grade-level roll-up door, auto-on LED lighting, a 9100 CFM evaporative cooler, a separate restroom, drinking fountains, fire sprinklers, and 120V/208Y 225 amp 3-phase power. A secure, 960-square-foot private fenced and gated yard with a concrete floor provides ample outdoor space. The property is zoned CPBP and has a convenient location near Deer Valley Road, offering easy access to major transportation routes. This versatile space is ideal for manufacturing, flex, warehouse, distribution, or R&D uses. The property is situated in the highly desirable Deer Valley submarket of Phoenix, Arizona, with the APN 206-04-002D.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I-P · Phoenix, AZPhoenix. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.