1890 Indian School RdPhoenix, AZ 85016

Property Details for 1890 Indian School Rd

Year built

1957

Construction

CONCRETE

Lot size

0.47 AC

Property size (Sq ft)

4,864 SF

Zone code

C-2

Property type

Office properties

Property subtype

Office buildings

APN

163-29-075B

APU

16329075B

Description

This Phoenix industrial flex building presents a compelling owner-user investment opportunity. Located at 1890 E Indian School Rd, this 15,280 square foot property sits on a 0.64-acre lot (APN: 163-29-075B & 163-29-073) and boasts 103 feet of frontage on Indian School Road, a major thoroughfare with 46,000 cars passing daily. Its prime location is less than a block from Highway 51, experiencing 158,583 daily vehicles. The property offers convenient east and west access from Indian School Road and includes 52 parking spaces, three roll-up doors, and a fenced yard. The building is zoned C-2 and currently features a national tenant lease in place until July 30, 2026. The asking price is $2,300,000, translating to $150.52 per square foot. This presents a rare chance to acquire a well-situated flex building in a high-demand area of Phoenix, Arizona (zip code 85016). The property's combination of high visibility, ample parking, and convenient access makes it ideal for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,339,218

  6.5%

  $1,236,201

  7%

  $1,147,901

• Comparable approach

  Method

  Valuation

  Relative Method

  $749,786

  Geo Method

  $749,786

• Alternative Use

  Use

  Valuation

  Residential

  $1,532,889

  Hospitality

  $1,404,118

  Educational

  $1,168,210

  Medical

  $1,208,386

  Retail

  $1,817,216

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4951

Longitude

-112.041

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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