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4118 Madison St Phoenix, AZ 85034

OFF-MARKET Distribution centers Google Maps
5,000 SF 0.08 ac lot Built 1958
Entity Owned 15-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$305k
Range $275k – $336k (±10%)
Property ID US07-3479167

Property summary

AI-generated overview

This exceptional 7,748-square-foot warehouse and distribution facility presents a unique investment opportunity in Phoenix, Arizona. Situated on a substantial 3.5-acre lot with dual frontage on Madison Street and 41st Street, this single-tenant property offers significant potential. The building, constructed in 1958, features one story and boasts two loading docks and two drive-in doors, ensuring efficient operations. The property is zoned A2 and I2, reflecting its suitability for a variety of industrial uses. The office area has undergone recent renovations, presenting a clean and turnkey space. The property's location adjacent to Sky Harbor Airport is a key advantage, offering excellent access to transportation networks. While the City of Phoenix has identified this property for potential future airport expansion, no timeline for acquisition has been established. The APN is 124-07-069. This is a rare opportunity to acquire a well-maintained industrial property in a high-demand location. The entire 7,748 square feet is currently vacant.

Property profile

Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1958
Construction STEEL FRAME
Total area 5,000 SF
Lot 0.08 ac (3,500 SF)
Zoning code A-2
APN 124-07-069
UPID US07-3479167

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate 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
$1.06M
Blend (final) Blend
$305k

Owner & transaction history

since 2010
7 recorded transactions
2018
Price N/A
2018
Price N/A
2017
Price N/A
2010
Price N/A
2003
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

A-2 · Phoenix, AZ
Zoning description

The purpose of A-2 zone is to provide intensive use of property, open uses and storage, industrial processes which may involve significant amounts of heat, mechanical and chemical processing, large amounts of materials t…

General category INDUSTRIAL
Top alternative use upside
Retail stores $1.5M +43.0%
Medical building $1.3M +27.4%
Neighborhood: shopping center $1.3M +22.2%

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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