Property profile

5611 24th St Phoenix, AZ 85040

OFF-MARKET
Auto shops
Property ID
US07-0530386
9,828 SF 0.59 ac lot Built 1987
Entity Owned 2-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 9,828-square-foot freestanding warehouse in Maricopa County offers a single-tenant occupancy opportunity. The property boasts a 14-foot ceiling height, providing ample vertical space for storage and operations. Four drive-in doors ensure efficient loading and unloading, while 600 amps of power accommodate a variety of industrial needs. The building is zoned IND, PK (Phoenix), making it suitable for a range of industrial uses. The property benefits from recent significant improvements, including a new roof, resurfaced pavement, and completely renovated office space. Further enhancements include a new evaporative cooler for the warehouse and new air conditioning units in the office area, ensuring a comfortable and productive work environment. This ready-to-occupy space is available immediately, presenting a unique chance to secure a well-maintained and strategically located industrial property. The building's features and recent upgrades make it an attractive option for businesses seeking a functional and efficient warehouse solution. Contact us today to schedule a viewing.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1987
Construction CONCRETE
Total area 9,828 SF
Lot 0.59 ac (25,500 SF)
Zoning code IND.PK.
APN 122-53-033C
UPID US07-0530386

Cap rate & NOI

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

Location

5611 24th St Phoenix, AZ 85040-3605
Phoenix metro Census 116100 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.85M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.38M
Blend (final) Blend
$1.85M

Owner & transaction history

since 2024
Last sale
$1.9M
6 recorded transactions
2024
$1.9M
2024
Price N/A
2023
Price N/A
2003
$570,000
2001
$490,000
1996
$260,000

Zoning & alternative use

IND.PK. · 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5611 24th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message