Retail

Arizona Center

455 n 3rd st, phoenix, AZ

Price

Price on request

Square Feet

112,290

Market rate estimate — not broker-provided

Cost-of-Business Details

Medium Confidence

Low

$1.41/SF/mo

Mid

$1.77/SF/mo

High

$2.12/SF/mo

Tier Used

tax_cap_reverse

Estimated from market cap rate (6.3%), property tax rate (0.01%), and wage-adjusted baseline.

Tier Resolution Trace

Tier 1insufficient_data

Tier 2successselected

Cost Breakdown

Component	Value	Detail	Source
Base Rent	$1.77/SF/mo	—	tax_cap_reverse
Utilities	—	17.0¢/kWh	OpenEI URDB
Property Tax	—	0.0% eff. rate	API Ninjas
Labor Index	—	$1413/wk	BLS QCEW

Source Provenance (3)

Source	Type	Count	Year	Freshness	Peer
Market Reports	cap_rate	—	—	quarterly	—
API Ninjas	property_tax	—	—	annual	—
BLS QCEW	wage_index	—	—	quarterly	—

Data sources used

market_reportsproperty_taxwage_index

Location

455 n 3rd st, phoenix, AZ

Leaflet © OpenStreetMap contributors

Property Details

Building Size112,290 SF

Year Built1989

Lease Details

Available Space33,590 SF

Max Contiguous10,979 SF

Min Divisible1,137 SF

Market Context

This retail in Phoenix, AZ is listed for lease across 112,290 SF. The building dates to 1989. It has been on the market for 64 days.

As of Q1 2026, the Phoenix retail market showed a 4.8% vacancy rate, and average asking rents near $19.00/SF/yr. Source: multiple brokerages Q1 2026 market report.

Projected current pricing

low confidence

Projected asking rent

$19.00/SF/yr

Estimated sale value

$187–$236/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 6.3%, asking rent held flat).

View the full Phoenix Retail market report →

Tight vacancy keeps competition for quality space elevated.

Compare it against other retail listings for lease in Phoenix, AZ to benchmark pricing and space — view the full market.

Retail market FAQ

Is the Phoenix retail market tightening or softening?: Vacancy is around 4.8% (Q1 2026).

Unified Estimate

Medium Confidence

$1.41/SF/mo-$1.91/SF/mo

Mid: $1.66/SF/mo

Total estimate for 112,290 SF

$186,401

Rate-first confidence-weighted blend with cost-of-business adjustment.

Lease Rate & Market Trend

2023 – 2026 · county sold comps + market trendsFIPS 04013

High Confidence

Avg Rent ($/SF/mo) (market data)
Median $/SF (sold)
Vacancy %

Market asking rent (quarterly avg)Median sale price / SFVacancy rate (right axis)P25–P75 IQR band

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.