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    2010 Industrial Drive Page, AZ 86040

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    For Sale
    $1,125,000

    Expansive commercial property with warehouses, parking, and potential multiple uses.

    Type:General Commercial
    Property size:
    15,276 SF
    Lot size:
    4.65 Acres
    Price / SF:
    $73/SF
    Added:
    Jun 11, 2024
    Days on Market:
    688
    Last Refresh:
    Apr 1 at 9:12 pm

    Property Features for 2010 Industrial Drive

    General Information

    Standard status
    Active
    Size
    15,276 SF
    Lot size
    4.65 Acres
    Property subtype
    General Commercial

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    Lindon Gareis

    Listing agent Lindon Gareis

    Listing office Down-Home Realty, LLC

    Listing date Jun 11, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Down-Home Realty, LLC

    Overview

    Versatile Commercial Facility with Warehouses

    This commercial facility offers a range of possibilities for new or established businesses. The property includes multiple warehouses and nine roll-up doors. Potential uses include a major storage facility, a large boat business, an auto repair shop, or a heavy equipment rental yard. The property's size allows for multiple businesses or subleasing, offering diverse revenue streams. The infrastructure features 480/208 electrical service, a fire suppression system, and a 4'' main. A loading dock with a loading bay is also present. The property spans 4.65 acres and includes a large covered area suitable for exterior workspace or parking. Additionally, there are two homes on-site that can be used for housing owners or employees, security, office space, or rental income. The total warehouse space exceeds 15,000 sq ft.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Similar Places Nearby

    • Anchors Away Boat & RV Storage — 2020 Border Rd, Page, AZ 86040
    • Industrial Park Storage — 2011 Industrial Dr, Page, AZ 86040
    • Antelope Recreation Center Boat RV Storage, Conoco Gas Station — 910 Coppermine Rd, Page, AZ 86040
    • Page Lake Powell Indoor Boat Storage — 3011 Border Rd, Page, AZ 86040
    • All Seasons Boat & Mini Storage — 2031 Border Rd, Page, AZ 86040

    Map

    City
    Page
    County
    Coconino
    State
    Arizona
    Longitude
    -111.154
    Latitude
    36.8282

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    FAQs

    What type of property is this?
    Warehouse - Expansive commercial property with warehouses, parking, and potential multiple uses.
    Where is this warehouse located?
    The property is located at 2010 Industrial Drive Page, AZ.
    What is the asking price?
    The asking price for this property is $1,125,000.
    What are key features of this property?
    This property features: Over 15,000 sq ft of warehouse space with 9 roll‑up doors.; 4.65 acres of property with a huge covered area for exterior workspace or parking.; Two homes on‑site for housing, office space, or rental income.
    (602) 810-4523
    We can help!
    Listing Contact
    Lindon Gareis
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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