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34200586
34200573

1806 W Sherman St, Phoenix, AZ 85007 For Sale

KG
AZ BR636932000
Grayson & Grayson
Listed by Grayson & Grayson
$323,500
114 days on market
Updated 2 days ago

C3 - Contractor Yard with Office

Details
APN 112-09-156
Property Type Industrial
Sub Type Flex
Square Footage 665
Net Rentable (SqFt) 665
Units 1
Cap Rate 9.27%
NOI $30,000
Tenancy Vacant
Lease Type NNN
Rent Bumps Yes
Pro-Forma Cap Rate 9.27%
Pro-Forma NOI $30,000
Price per SqFt $486
Broker Co-Op Yes
Class B
Year Built 1936
Year Renovated 2026
Buildings 1
Stories 1
Lot Size (SqFt) 6,800
Zoning C3
Parking Spaces 4 spaces
Parking per 1,000 SqFt 6.02
Investment Type Stabilized
Ground Lease No

C3 - Contractor Yard with Office

Marketing description

Contractor yard with office. Zoned C-3 with a ton of upside and just a tremendous opportunity for an owner user or an investor with an aggressive price point. The building could serve as office space for admin while most similar properties in the area utilize the lot in the back for parking or storage. Typical rents for this property type start at $2,500 per month NNN as seen in the proforma. The building has front parking area with freshly painted interior and exterior, new LVP flooring, updated plumbing, and a new roofing system. There is a wealth of space in the rear to add shipping containers or build a small warehouse for extra storage. The interior of the building features tile flooring, a private, full bathroom, open kitchenette, aluminum windows, and a patio.

Investment highlights

Contractor yard with office. Zoned C-3 with a ton of upside and just a tremendous opportunity for an owner user or an investor with an aggressive price point. The building could serve as office space for admin while most similar properties in the area utilize the lot in the back for parking or storage. Typical rents for this property type start at $2,500 per month NNN as seen in the proforma. The building has front parking area with freshly painted interior and exterior, new LVP flooring, updated plumbing, and a new roofing system. There is a wealth of space in the rear to add shipping containers or build a small warehouse for extra storage. The interior of the building features tile flooring, a private, full bathroom, open kitchenette, aluminum windows, and a patio.

Listing Contacts

KG
AZ BR636932000
Grayson & Grayson
Listed by Grayson & Grayson

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$30,000.00
$2,500.00/mo

Valuation Metrics

0
DSCR
9.27%
Cap Rate
9.27%
ROI

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Additional Information

Name
Keith Grayson
License
BR636932000
Brokerage
Grayson Real Estate
Title
Broker Owner
Brokerage Address
8025 North 12th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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