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Property profile & analytics
FOR SALE
Warehouses

3949 S 28Th St Phoenix, AZ 85040

3,600 SF 0.62 ac lot Built 1963
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US07-1282999
Property summary
AI-generated overview

This exceptional industrial property, located at 3949 S 28th St, Phoenix, AZ 85040, presents a compelling investment opportunity. The 0.62-acre site boasts two buildings totaling approximately 5,400 square feet of net rentable space, ideal for a contractor or similar business. Building one is a ±3,600 square foot office/warehouse combination, featuring approximately 1,200 square feet of office space and 2,400 square feet of warehouse space. The second building is a ±1,800 square foot shop building equipped with three grade-level loading doors. The property benefits from a 16-foot ceiling height, ample power (400 amps, 120/208V, 3-phase), and block perimeter fencing. Conveniently situated in the Sky Harbor submarket, this property offers two points of ingress/egress off 28th Street, providing easy access to Interstate 10 and Phoenix Sky Harbor International Airport. The property is zoned A-1 (Light Industrial) by the City of Phoenix and is located within a Qualified Opportunity Zone. The asking price is $1,200,000, translating to $222.22 per square foot. The property will be delivered vacant. The Assessor's Parcel Number (APN) is 122-19-032.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1963
Construction CONCRETE
Total area 3,600 SF
Lot 0.62 ac (27,007 SF)
Zoning code I-1
APN 122-19-032
UPID US07-1282999
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.32M
Blend (final) Blend
$1.02M
Owner & transaction history
Miranda Development Properties LLC · 1 yrs held
Miranda Development Properties LLC
since 2024
Last sale
$1.0M
7 recorded transactions
2024
$1.0M
2024
Price N/A
2021
Price N/A
2020
$580,000
2020
Price N/A
2018
Price N/A
2005
Price N/A
Zoning & alternative use
I-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.5M +56.9%
Retail stores $1.1M +10.7%
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More about this property
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