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Property profile & analytics
OFF-MARKET Estimated value $830,000
Industrial properties

2806 24th St Phoenix, AZ 85008-1004

13,970 SF 0.73 ac lot Built 1959
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US07-0817210
Property summary
AI-generated overview

This exceptional 15,300-square-foot single-tenant building offers a unique blend of warehouse and office space, perfectly situated in the heart of Central Phoenix. The property boasts approximately 10,300 square feet of warehouse space, featuring a 14-foot clear height ceiling, one loading dock with a dock-high door, and a 10' x 12' roll-up door. The remaining 5,000 square feet is dedicated to well-appointed office space, providing a comfortable and efficient work environment. The building is fully air-conditioned and benefits from 200 amp/120-208 volt power. Situated on a 0.9-acre lot, the property includes fenced outdoor storage and ample parking for 42 vehicles. Built in 1960 and renovated in 2021, this masonry structure is zoned C-2, offering flexibility for a variety of uses. Its strategic location provides easy access to three major freeways (I-10, SR-51, and SR-202), placing it within a short commute of Downtown Phoenix, the Arizona Biltmore, Arcadia, Desert Botanical Gardens, and Phoenix Sky Harbor Airport. The surrounding area is densely populated, with over 100,000 residents within a two-mile radius. The estimated 2024 annual net operating expenses (NNN) are approximately $1.41 per square foot, covering property taxes and insurance. This property presents a rare opportunity to acquire a well-maintained, versatile commercial space in a highly desirable location. The property's combination of warehouse and office space, along with its convenient location and ample parking, makes it an ideal investment for a variety of businesses.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL LOFT BUILDING
Year built 1959
Construction CONCRETE
Total area 13,970 SF
Lot 0.73 ac (31,799 SF)
Zoning code C-2
APN 117-01-116
UPID US07-0817210
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
  • Inventory Adjusters (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$830k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$830k
Owner & transaction history
2806 N 24th Street LLC · 1 yrs held
2806 N 24th Street LLC
since 2025
Last sale
$830,000
6 recorded transactions
2025
$3.4M
2024
Price N/A
2024
Price N/A
2002
$830,000
2000
Price N/A
1994
$225,000
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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