Property profile

2902 40th St Phoenix, AZ 85040

OFF-MARKET
Auto shops
Property ID
US07-0816433
2,200 SF 0.21 ac lot Built 1987
Individually Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,200-square-foot industrial warehouse, located at 2902 S 40th St in Maricopa County, Arizona, presents a fantastic leasing opportunity. The single-tenant space boasts a generous 18-foot ceiling height, perfect for various storage and distribution needs. Two convenient drive-in doors ensure efficient loading and unloading operations. The property is equipped with robust 200 AMP, 3-phase power, meeting the demands of modern industrial businesses. Zoned IND, this warehouse is ideally situated for a range of industrial uses. The property's APN is 122-01-046C, 046D. Its strategic location offers unparalleled access to Metro Phoenix's extensive freeway system, including the I-10 and US-60, providing seamless connectivity throughout the region. The property's proximity to Sky Harbor International Airport and Arizona State University further enhances its appeal. The building benefits from frontage on S 40th St, placing it near the Broadway Curve Improvement Project, promising future infrastructural enhancements. The entire 2,200 square feet is currently vacant and ready for immediate occupancy. This warehouse represents a rare opportunity to secure a well-located, functional space in a thriving area.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1987
Construction CONCRETE
Total area 2,200 SF
Lot 0.21 ac (9,060 SF)
Zoning code I-1
APN 122-01-046C
UPID US07-0816433

Cap rate & NOI

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

Location

2902 40th St Phoenix, AZ 85040-1600
Phoenix metro Census 115200 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
$543k
Blend (final) Blend
$375k

Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2008
Price N/A
2001
Price N/A

Zoning & alternative use

I-1 · 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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