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VALUE ADD RETAIL-MIXED USE INVESTMENT 1805 W Van Buren St 9,583 SF 45% Leased Retail Building Phoenix, AZ 85007 $1,850,000 ($193.05/SF) 8.13% Cap Rate
Investment Highlights
- owner user opportunity
- corner lot
- capitol district
- Significant Value-add opportunity
Executive Summary
LOCATED ALONG ONE OF PHOENIX’S HISTORIC COMMERCIAL CORRIDORS,
THIS HIGHLY VISIBLE CORNER PROPERTY OFFERS EXCEPTIONAL
REPOSITIONING POTENTIAL JUST MINUTES FROM DOWNTOWN PHOENIX,
THE STATE CAPITOL, INTERSTATE 10, PHOENIX SKY HARBOR AIRPORT AND
THE RAPIDLY EXPANDING GRAND AVENUE ARTS DISTRICT.
THIS IS A GREAT OPPORTUNITY FOR AN INVESTOR OR OWNER USER WHILE
GENERATING IMMEDIATE CASH FLOW!
*ADVERTISED CAP RATE IS BASED ON PRO FORMA INCOME STATEMENT*
NOTE: PLEASE DO NOT DISTURB TENANTS.
PROPERTY HIGHLIGHTS:
-SIGNIFICANT VALUE-ADD OPPORTUNITY
-APPROXIMATELY 9,583 SF SITUATED ON 0.26 ACRE CORNER PARCEL
-FEATURES SIX TENANT SUITES
-RETAIL, RESTAURANT, OFFICE AND FLEX CONFIGURATIONS
-RENOVATED IN 2019
-TWO STORY BUILDING
-EXCELLENT FRONTAGE ON VAN BUREN STREET
THIS HIGHLY VISIBLE CORNER PROPERTY OFFERS EXCEPTIONAL
REPOSITIONING POTENTIAL JUST MINUTES FROM DOWNTOWN PHOENIX,
THE STATE CAPITOL, INTERSTATE 10, PHOENIX SKY HARBOR AIRPORT AND
THE RAPIDLY EXPANDING GRAND AVENUE ARTS DISTRICT.
THIS IS A GREAT OPPORTUNITY FOR AN INVESTOR OR OWNER USER WHILE
GENERATING IMMEDIATE CASH FLOW!
*ADVERTISED CAP RATE IS BASED ON PRO FORMA INCOME STATEMENT*
NOTE: PLEASE DO NOT DISTURB TENANTS.
PROPERTY HIGHLIGHTS:
-SIGNIFICANT VALUE-ADD OPPORTUNITY
-APPROXIMATELY 9,583 SF SITUATED ON 0.26 ACRE CORNER PARCEL
-FEATURES SIX TENANT SUITES
-RETAIL, RESTAURANT, OFFICE AND FLEX CONFIGURATIONS
-RENOVATED IN 2019
-TWO STORY BUILDING
-EXCELLENT FRONTAGE ON VAN BUREN STREET
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,583 SF
Building Class
C
Year Built/Renovated
1951/2019
Price
$1,850,000
Price Per SF
$193.05
Cap Rate
8.13%
NOI
$150,404
Percent Leased
45%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.85
Lot Size
0.26 AC
Zoning
C-3 - C-3
Parking
25 Spaces (2.61 Spaces per 1,000 SF Leased)
Frontage
80’ on Van Buren
Amenities
- Bus Line
- Corner Lot
- Restaurant
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- CWT
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Glue by New
- -
- -
- -
-
Lorem Ipsum
-
Jan 0000
- Irma's Kitchen
- Accommodation and Food Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
-
- Finance and Insurance
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
State Farm began in Illinois in 1922, when G.J. Mecherle founded the business around fairer auto insurance pricing for farmers. The company operates as a mutual insurer and has grown into a broad financial services firm. State Farm offers auto, home, renters, condo, life, health, disability, pet, commercial, and small business insurance, along with related financial products and services. The company maintains a significant U.S. market presence through an agent-based model and a long-running focus on helping customers manage everyday risks and recover from losses.
- T2
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Taquerias El Chino
- Accommodation and Food Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- The Capital Club
- -
- -
- -
- -
-
Jan 0000
- Tru Tae Kwon Do
- Arts, Entertainment, and Recreation
- -
-
$9.99
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| CWT | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Glue by New | - | - | - | Lorem Ipsum | Jan 0000 | |
| Irma's Kitchen | Accommodation and Food Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
|
Finance and Insurance | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| T2 | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Taquerias El Chino | Accommodation and Food Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| The Capital Club | - | - | - | - | Jan 0000 | |
| Tru Tae Kwon Do | Arts, Entertainment, and Recreation | - | $9.99 | - | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Warehouse space with one roll up door and a bathroom. Can combine with suite 200 if need additional office space for a total of 3,800 sf.
3,800 sf space available! Can combine suite 100 and suite 200. Warehouse on the 1st floor with offices on the 2nd.
| Space | Size | Space Use | Position | Available |
| 100 | 1,900 SF | Industrial | - | Now |
| 100 and 200 | 3,800 SF | Flex | - | Now |
| 1801 | 1,449 SF | Retail | - | Now |
| 200 | 1,900 SF | Office | - | Now |
100
| Size |
| 1,900 SF |
| Space Use |
| Industrial |
| Position |
| - |
| Available |
| Now |
100 and 200
| Size |
| 3,800 SF |
| Space Use |
| Flex |
| Position |
| - |
| Available |
| Now |
1801
| Size |
| 1,449 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
200
| Size |
| 1,900 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
100
| Size | 1,900 SF |
| Space Use | Industrial |
| Position | - |
| Available | Now |
Warehouse space with one roll up door and a bathroom. Can combine with suite 200 if need additional office space for a total of 3,800 sf.
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
100 and 200
| Size | 3,800 SF |
| Space Use | Flex |
| Position | - |
| Available | Now |
3,800 sf space available! Can combine suite 100 and suite 200. Warehouse on the 1st floor with offices on the 2nd.
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1801
| Size | 1,449 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
200
| Size | 1,900 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Fairly walkable
50/100
Exceptionally drivable
100/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Total Assessment | $71,032 (2025) | |
| Land Assessment | $6,394 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 Payable 2027 |
Property Taxes
Parcel Numbers
Land Assessment
$6,394 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$71,032 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026 Payable 2027
1 of 22
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
