22444 19Th AvePhoenix, AZ 85027

Property Details for 22444 19Th Ave

Year built

1987

Construction

CONCRETE

Lot size

1.48 AC

Property size (Sq ft)

6,000 SF

Zone code

A-1

Property type

Auto shops

APN

209-05-003J

APU

20905003J

Description

This exceptional Phoenix industrial portfolio comprises 1.92 acres with five buildings totaling 11,560 square feet. Strategically located in the highly sought-after Deer Valley submarket, this property boasts A-1 zoning, allowing for diverse industrial uses. Currently leased to three tenants, including Dynamite Water, ASAP Firebird Tire, and Flyers Energy, the portfolio generates a substantial net operating income of $298,568 annually. The property includes a 7,600 sq ft shop/office with a paint booth and four oversized bay doors, a 3,960 sq ft shop/office, and a commercial fueling station with redevelopment potential. An income-producing billboard adds to the investment's appeal. The property benefits from high visibility on 19th Avenue (30,000 vehicles per day), proximity to major freeways (Loop 101 and I-17), and its location within an Opportunity Zone. Below-market rents and short-term leases present significant upside potential for investors, while the functional buildings offer immediate occupancy for a user. This rare opportunity allows for acquisition of a generational asset in a prime Phoenix location, close to the major TSMC development. The weighted average lease term is approximately 2.51 years. Individual building leases expire between February 2025 and August 2027, with the billboard lease extending to May 2029. The asking price is $5,000,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,299,260

  6.5%

  $1,199,320

  7%

  $1,113,650

• Comparable approach

  Method

  Valuation

  Relative Method

  $961,896

  Geo Method

  $961,896

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,340,450

  Mixed-Use / Specialty

  $1,194,370

  Hospitality / Lodging

  $875,393

  Office

  $1,186,570

  Institutional / Educational

  $1,241,420

  Residential Income

  $1,452,460

  Multifamily

  $1,745,740

  Automotive / Energy

  $1,064,070

  Parking / Income-Based Land

  $367,864

  Restaurant / Food Service

  $619,764

  Healthcare / Senior Housing

  $1,225,490

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.6904

Longitude

-112.101

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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