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C3 - Contractor Yard with Office 1806 W Sherman St 666 SF Industrial Building Phoenix, AZ 85007 $309,900 ($465.32/SF) 9.68% Cap Rate

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Investment Highlights

Renovated

Executive Summary

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.

1806 Sherman Flyer

Financial Summary (Pro Forma - 2026)	Annual	Annual Per SF
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	-	-
Net Operating Income	$30,000	$45.05

Financial Summary (Pro Forma - 2026)

Gross Rental Income
Annual	-
Annual Per SF	-

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	-
Annual Per SF	-

Net Operating Income
Annual	$30,000
Annual Per SF	$45.05

Property Facts

Price	$309,900	Lot Size	0.15 AC
Price Per SF	$465.32	Rentable Building Area	666 SF
Sale Type	Investment or Owner User	No. Stories	1
Cap Rate	9.68%	Year Built/Renovated	1936/2026
Property Type	Industrial General Retail Auto Repair Industrial Warehouse	Tenancy	Single
Building Class	B	Parking Ratio	6.01/1,000 SF
Zoning	C3 - C3 Heavy Commercial

Price	$309,900
Price Per SF	$465.32
Sale Type	Investment or Owner User
Cap Rate	9.68%
Property Type	Industrial General Retail Auto Repair Industrial Warehouse
Building Class	B
Lot Size	0.15 AC
Rentable Building Area	666 SF
No. Stories	1
Year Built/Renovated	1936/2026
Tenancy	Single
Parking Ratio	6.01/1,000 SF
Zoning	C3 - C3 Heavy Commercial

Courtyard
Fenced Lot

Storage Space
Air Conditioning

Smoke Detector

Perimeter Security Fence

Lighting
Water - City
Sewer - City
Heating - Electric

Space Availability

Space
Size
Space Use
Build-Out
Available

1st Floor
665 SF
Office
Full Build-Out
Now

Contractor yard with office available for lease at $2,500 per month NNN.? Zoned C-3 with a ton of upside — a tremendous opportunity for a tenant needing flexible commercial space.? The building serves well as office/admin space, while the rear lot can be utilized for parking or storage.? The building has a 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.?