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Property profile

5601 S 24Th St Phoenix, AZ 85040

FOR LEASE
Warehouses
Property ID
US07-1070713
9,828 SF 0.65 ac lot Built 1987
Last sale Aug 2026 · $1,800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This ±9,820 square foot industrial property in Phoenix, Arizona, is available for sale at $2,200,000. Located at 5601 S 24th St, 85040, this single-story, 1987-built building (renovated in 2020) sits on a 0.6-acre lot (APN 122-53-033A) and is zoned IP. The property features a functional layout with approximately 10% office space and 90% warehouse space, perfect for a variety of uses. Four grade-level loading docks ensure efficient loading and unloading. Inside, you'll find a 14-foot ceiling…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$17k
Tax billed · 2023
Assessed value · 2024$222k
Effective rate7.43%

Value estimate

· Oct 2026
$105k
$95k – $116k
CAP approach$1.16M
Submarket $/SF estimate$2.25M
NOI build-up
Gross scheduled income$100k
Vacancy & credit loss−$12k
Operating expenses−$13k
NOI · 6,250,666.67% cap applied$75k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$269/SF
ZIP average, outlier-cleaned · 89 recorded sales of this use type
Observed band · Q1–Q3$150 – $424
Qualifying comparables10

Cap rate analysis

How does the asset earn?
6,250,666.67%
$75k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
IND.PK.
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency38.6
Law Firm29.7
Restaurant27.6

Location

5601 S 24Th St Phoenix, AZ 85040
County assessor Recorded deeds · 5 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2853 44th, Phoenix, AZ 85040-1701 $3,910,000 Jan 2026 10,000 SF
3502 Broadway, Phoenix, AZ 85040-2834 $8,221,338 Dec 2025 15,024 SF
5035 33rd, Phoenix, AZ 85040-2816 $1,601,975 Aug 2025 7,044 SF
3402 Wier, Phoenix, AZ 85040-2855 $2,925,000 Jun 2025 9,802 SF
4202 Elwood, Phoenix, AZ 85040-1953 $29,500 Jun 2025 9,971 SF
3411 44th, Phoenix, AZ 85040-1947 $5,940,000 May 2025 15,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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