Property profile

21965 31st Ave Phoenix, AZ 85027

OFF-MARKET
Industrial land
Property ID
US07-1588174
1.7 ac lot
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 1.7 ac (74,096 SF)
Zoning code I-P
APN 206-04-002D
UPID US07-1588174

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

21965 31st Ave Phoenix, AZ 85027
Phoenix metro Census 614500 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2021
Last sale
$228,436
5 recorded transactions
2024
Price N/A
2021
Price N/A
2021
$228,436
2006
$612,500
2000
$255,000

Zoning & alternative use

I-P · Phoenix, AZ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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