Commercial Land With Storage
For Sale
$1,200,000
1600 Diamondback Drive, Holbrook, AZ 86025
COMMERCIAL - Holbrook, AZ
Property Size9,162 SF
Lot Size177.47 Acres
Price / SF$130.98
Days on Market500
Property Features for 1600 Diamondback Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
Holbrook Unsub
Directions
From the main road (Navajo Blvd)aka Hwy 77, at the road entrance by the shopping center Buzzard Road, follow Buzzard to Diamond Back road. This is the only building on this road. It can be accessed from multiple locations. The road go around the property .
Standard status
Active
APN
109-27-015A
Size
9,162 SF
Lot size
177.47 Acres
Taxes and HOA fees
Tax Description
SEC 31, T18N, R21E: THAT PORTION OF SEC 31 LYING N OF I-40 & WLY OF HWY 66: BEG NE COR SEC 31; TH N89DEG58'00''W ALG SEC LINE 877.64';TH S00DEG02'00''E 33.00' TO NW COR HOLBROOK HEIGHTS #2; TH S39DEG44'00''W 766.38' TO NE COR BUZZARD GULCH; TH N50DEG16'00''W 652.00' TO NW COR BUZZARD GULCH; TH S39DEG44'00''W 1720.00' TO SW COR BUZZARD GULCH; TH S50DEG16'00''E 1130.00'; TH SWLY ALG CURVE TO RIGHT, R=50, L=78.54', CENTRAL ANGLE 90DEG00'00'' TO SE COR BUZZARD GULCH & POINT ON HWY 66; TH SWLY ALG HWY 66 TO INTERSECTION I-40; TH SWLY ALG I-40 TO W SEC LINE; TH N ALG SEC LINE TO NE COR SEC; TH S89DEG58'00 ''E TO POB.ALSO: POR OF ABANDONED HWY R/W, BEING 75' WIDE LYING BETWEEN ABOVE PARCEL & PRESENT HWY R/W PER RESOLUTION 81-3 (617/360) EXCEPT: 83.86 AC TO WILLIAMS 567/175 EXCEPT: 0.40 AC TO HWY R/W LESS: 0.45 AC TO RONNIE HEWARD 673/455 LESS: 17.59 AC TO GENERAL MOTORS PER 95-20518. OUT OF 109-27-015 FOR ''1997''ROLL LESS: 0.23 AC TO 026 PER (03-3240) FOR ''2003'' ROLL
Tax Annual Amount
3476
Legal Description
SEC 31, T18N, R21E: THAT PORTION OF SEC 31 LYING N OF I-40 & WLY OF HWY 66: BEG NE COR SEC 31; TH N89DEG58'00''W ALG SEC LINE 877.64';TH S00DEG02'00''E 33.00' TO NW COR HOLBROOK HEIGHTS #2; TH S39DEG44'00''W 766.38' TO NE COR BUZZARD GULCH; TH N50DEG16'00''W 652.00' TO NW COR BUZZARD GULCH; TH S39DEG44'00''W 1720.00' TO SW COR BUZZARD GULCH; TH S50DEG16'00''E 1130.00'; TH SWLY ALG CURVE TO RIGHT, R=50, L=78.54', CENTRAL ANGLE 90DEG00'00'' TO SE COR BUZZARD GULCH & POINT ON HWY 66; TH SWLY ALG HWY 66 TO INTERSECTION I-40; TH SWLY ALG I-40 TO W SEC LINE; TH N ALG SEC LINE TO NE COR SEC; TH S89DEG58'00 ''E TO POB.ALSO: POR OF ABANDONED HWY R/W, BEING 75' WIDE LYING BETWEEN ABOVE PARCEL & PRESENT HWY R/W PER RESOLUTION 81-3 (617/360) EXCEPT: 83.86 AC TO WILLIAMS 567/175 EXCEPT: 0.40 AC TO HWY R/W LESS: 0.45 AC TO RONNIE HEWARD 673/455 LESS: 17.59 AC TO GENERAL MOTORS PER 95-20518. OUT OF 109-27-015 FOR ''1997''ROLL LESS: 0.23 AC TO 026 PER (03-3240) FOR ''2003'' ROLL
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1996
Roof type
Metal
Additional Structures
Other
Listing Agency:
Sundance Real Estate LLC
(928) 536-7253
Listed By:
Debra Housel · License #BR569635000
(928) 386-1138
Added: Apr 11, 2025
Changed: Aug 4
Last Checked: Aug 23 at 9:06AM
MLS# 255341
Copyright © 2026 White Mountain Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 177.47-acre commercial land holding is mostly undeveloped and includes a fenced area with storage lots and a 9,162-square-foot building associated with a previous towing operation. The property is being cleared of remaining towing-company materials. Improvements include a metal roof, electric heating, and a 1996 construction year.
Road access surrounds the property, with power and city water and sewer service identified in the property information. The site is located in Holbrook, near Interstate 40, and sits at an elevation of 5,076 feet. Its substantial acreage and existing improvements support consideration for large- or small-scale commercial development, subject to applicable approvals.
Road access surrounds the property, with power and city water and sewer service identified in the property information. The site is located in Holbrook, near Interstate 40, and sits at an elevation of 5,076 feet. Its substantial acreage and existing improvements support consideration for large- or small-scale commercial development, subject to applicable approvals.
Key Highlights
- 177.47 acres of mostly undeveloped commercial land
- 9,162‑square‑foot building constructed in 1996
- Fenced storage lots and existing building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,487
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,669,740
$1.7M
Cap Rate 7%
$1,192,671
$1.2M
Cap Rate 9%
$927,633
$927.6K
Market Conditions
NOI Build-Up for 9,162 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$124.2K $13.56/SF
− Vacancy
−$5.0K −$0.54/SF
EGI
$119.3K $13.02/SF
− OpEx
−$35.8K −$3.91/SF
NOI
$83.5K $9.11/SF
Area
Navajo County, AZ
Vacancy
4.00%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,669,740
Cap Rate 7%
$1,192,671
Cap Rate 9%
$927,633
Alternative Uses
Best Use
Retail
$2.27M
$1.99M – $2.65M
NOI $158,822 @ 7.0% cap · market cap 13.24%
Second Best
Industrial
$1.19M
$1.04M – $1.39M
NOI $83,487 @ 7.0% cap · market cap 6.96%
Theoretical Best
Specialty Retail
$2.49M
$2.18M – $2.90M
NOI $174,282 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
124k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 42%
Home Improvements & Furnishings 5%
Hotels & Casinos 2%
Maverik Adventures First Stop
Shops & Services
46,834 visits/mo
0.3 miles
McDonald's
Dining
33,019 visits/mo
0.3 miles
76
Shops & Services
8,851 visits/mo
0.4 miles
Taco Bell
Dining
7,277 visits/mo
0.4 miles
Tractor Supply Co.
Home Improvements & Furnishings
6,540 visits/mo
0.2 miles
Demographics for 86025, AZ
5,358
Population
1,921
Households
2.8
Avg Household Size
37
Median Age
13%
College-Educated
88%
High-School Grad
737.1 sq mi
ZIP Area
7
Density / Sq Mi
$64,167
Median Household Income
$40,913
Median Earnings
$940
Median Rent
$144,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Large fenced commercial tract with an existing building, storage areas, and access to municipal utilities.
Where is this commercial land located?
The property is located at 1600 Diamondback Drive Holbrook, AZ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 177.47 acres of mostly undeveloped commercial land; 9,162‑square‑foot building constructed in 1996; Fenced storage lots and existing building
