1806 W Sherman Street, Phoenix, AZ 85007

New Listing

$349,900

Property Type: Comm/Industry Sale Square Footage: 666 Lot Size (sq. ft.): 6,800 Status: Active

Current Price: $349,900 List Date: 6/21/2026 Last Modified: 6/21/2026

Overview

Description

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.

Listing Details MLS# 7005627

Location, Tax & Legal

House Number: 1806
Compass: W
Street Name: Sherman
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 3308
Country: US
County Code: Maricopa
Subdivision: WISE ADD
Assessor Number: 112-09-156
Tax Year: 2025
Assessor's Map #: 9
Legal Description (Abbrev): LOT 154 WISE ADD MCR 000527
Assessor's Parcel #: 156
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114302
Taxes: 813
Legal: LOT 154 WISE ADD MCR 000527

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Freestanding C3
Ttl Apx SqFt Bldg: 666
Ttl Apx Net Rnt Spc: 666
# of Buildings: Yes
Stories: Yes
# of Interior Levels: Yes
Year Built: 1936
Volts/Amps: 200
Uncvrd Parking Spcs: 4
Zoning: C-3
Flood Zone: No

Remarks Misc

Cross Street: 19th Avenue and Grant

Legal Info

Township: 1N
Range: 3E
Section: 7
Lot Number: 154

Income Expenses

Gross Annual Sch Inc: 30000
Net Operating Income: 30000

More Information

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Email: Yes
Phone Call: Yes

Currently Not Used

Sold Price Per SqFt: 525.38

Construction

Stucco: Yes
Wood Frame: Yes

Roofing

Composition: Yes

Floors

Tile: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 813
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 30000

Building Type

Commercial: Yes
Office: Yes
Distribution/Warehouse: Yes

Business Type

Office Supply: Yes
Mixed: Yes
Automobile: Yes
Storage: Yes
Warehouse: Yes

Pmt & Rate Info

Cap Rate: 8.57
Equity: 349900
Total Owed: 0

Lockbox Type

Supra: Yes

Ceiling Height

8 Feet or Less: Yes

Heating

Forced Air: Yes
Heat Pump: Yes
Electric: Yes

Cooling

Central Air: Yes
Heat Pump: Yes
Office A/C: Yes

Interior Features

Finished: Yes
Private Restrooms: Yes

Loading Facilities

None: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Exterior

Storage Yard: Yes

Source of Fincl Data

Projected Proforma: Yes

Traffic Count

Up to 5,000: Yes

Fencing

Block: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Freeway/Highway

Other (See Remarks): Yes

Building Features

Kitchen: Yes

Sewer

Sewer - Public: Yes

Railroad

Other (See Remarks): Yes

Parking Features

Fenced: Yes
Off Street: Yes

Electric

APS: Yes
Master Meter: Yes

Gas

None: Yes

New Financing

Cash Only: Yes
Owner May Carry: Yes
Wrap: Yes
1031 Exchange: Yes

Special

Owner/Agent: Yes

Existing 1st Loan

Private: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Building Type: Commercial; Office; Distribution/Warehouse Business Type: Office Supply; Mixed; Automobile; Storage; Warehouse Construction: Stucco; Wood Frame Roofing: Composition Floors: Tile Ceiling Height: 8 Feet or Less Heating: Forced Air; Heat Pump Cooling: Central Air; Office A/C; Heat Pump Loading Facilities: None Interior Features: Finished; Private Restrooms Exterior: Storage Yard Fencing: Block Building Features: Kitchen Parking Features: Fenced; Off Street Road Access Type: City Street Electric: APS; Master Meter Gas: None Water Source: City Franchise; Master Meter Sewer: Sewer - Public Railroad: Other (See Remarks) New Financing: Cash Only; Owner May Carry; Wrap; 1031 Exchange Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Supra Special: Owner/Agent Source of Fincl Data: Projected Proforma Existing 1st Loan: Private Road Surface Type: Asphalt Traffic Count: Up to 5,000 Environmental: None

Listing Office: Grayson Real Estate

Last Updated: June - 21 - 2026