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422 33rd Ave Phoenix, AZ 85009-5642

OFF-MARKET Warehouses Google Maps
6,724 SF 5.16 ac lot Built 1974
Entity Owned 6-yr Hold ~ Est. High Equity
Estimated value (blended)
$5.92M
Range $5.32M – $6.51M (±10%)
Property ID US07-0979312

Property summary

AI-generated overview

This ±40,000 square foot warehouse, located in central Phoenix, is available for lease starting March 1, 2024. The property boasts a desirable A-1, Light Industrial zoning classification, making it suitable for a variety of industrial uses. Built in 1974, the warehouse features a substantial 28-foot ceiling height, providing ample vertical storage space. Efficient loading and unloading is ensured by three grade-level loading docks and one truckwell. The property is equipped with heavy power, catering to businesses with significant energy demands. The lease rate is $0.75 per square foot gross. The property's central Phoenix location offers excellent access to major transportation routes and a skilled workforce. Short-term lease options may be considered. The Assessor's Parcel Number (APN) is 109-57-007L, and the property is situated in Maricopa County. This single-tenant warehouse presents a compelling opportunity for businesses seeking a well-appointed industrial space in a prime location. Inquire today to learn more about this exceptional leasing opportunity.

Property profile

Verified
Property type Warehouses
Use group STORAGE YARD, OPEN STORAGE
Year built 1974
Construction STEEL FRAME
Total area 6,724 SF
Lot 5.16 ac (224,862 SF)
Zoning code A-1
APN 109-57-007L
UPID US07-0979312

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Veterinary Clinic
  • Waste Management Facility
  • Advocacy Group
  • Industrial Park Production Facility
  • Business Service Center Corporate Office

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.88M
Blend (final) Blend
$5.92M

Owner & transaction history

since 2020
Last sale
$4.5M
6 recorded transactions
2021
Price N/A
2020
$4.5M
2020
Price N/A
2007
$3.5M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

A-1 · Phoenix, AZ
Zoning description

The purpose of A-1 zone is to provide industrial uses designed to serve the needs of the community for industrial activity not offensive to nearby commercial and residential uses

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $4.4M +144.0%
Restaurant $3.6M +97.8%

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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