Freestanding Industrial Building with
For Sale
Contact for pricing
10726 N 96th Ave, Peoria, AZ 85345
Freestanding, C-4 zoned building with 100% A/C office space, gated yard, and 7 parking spaces for flexible industrial use.
Property Size3,120 SF
Price / SF$250
Days on Market95
Property Features for 10726 N 96th Ave
General Information
Standard status
Active
Size
3,120 SF
Class
C
Total Parking Spaces
7
Property subtype
Office, Industrial
Zoning
C-4 (City of Peoria)
Investment Type
Value Add
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
8 ft
Sprinkler System
Yes
Building Details
Year Built
1978
Buildings
1
Stories
1
Units
1
Listing Agency:
ORION Investment Real Estate
Listed By:
Ross Peterson · License #SA626164000
(480) 228-5206
Source:
Crexi
Added: Jun 3
Changed: Aug 26
Last Checked: Sep 2 at 11:33PM
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 ORION Investment Real Estate
Investment Insights
Based on property information with market context.
This freestanding, C-4 zoned commercial building is designed for flexible occupancy, with a layout that can support industrial uses such as auto-related and contractor storage, light manufacturing, trade office, and warehouse applications. The property includes 3,120 square feet of 100% air-conditioned space and a gated yard with a canopy. Interior plumbing is already in place, including a kitchen and restrooms, and the building offers reconfiguration potential for drive-in access. Additional features include an 8' drop ceiling and fire sprinklers, along with roof coating installed in 2023 backed by a 20-year warranty.
The property provides immediate access to the 101 Freeway, supporting practical connectivity for crews and deliveries. Off-street parking totals 7 spaces, helping accommodate daily operations and customer or contractor visits.
For tenants or buyers seeking a single-site setup with both controlled interior space and secure outdoor storage, the combination of air-conditioned building area, existing kitchen and restroom plumbing, and a gated yard can help reduce operational friction. The on-site yard with canopy and the ability to consider drive-in reconfiguration further support a range of industrial and trade-focused uses within a C-4 framework.
The property provides immediate access to the 101 Freeway, supporting practical connectivity for crews and deliveries. Off-street parking totals 7 spaces, helping accommodate daily operations and customer or contractor visits.
For tenants or buyers seeking a single-site setup with both controlled interior space and secure outdoor storage, the combination of air-conditioned building area, existing kitchen and restroom plumbing, and a gated yard can help reduce operational friction. The on-site yard with canopy and the ability to consider drive-in reconfiguration further support a range of industrial and trade-focused uses within a C-4 framework.
Key Highlights
- Freestanding C‑4 zoned commercial building with 3,120 SF of 100% air‑conditioned space
- Gated yard space with canopy, plus plumbing infrastructure with kitchen and restrooms
- Flexible layout adaptable for industrial uses including auto‑related, contractor storage, light manufacturing, trade office, and warehouse
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
$29,820
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
3.82%
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%
$596,400
$596.4K
Cap Rate 7%
$426,000
$426.0K
Cap Rate 9%
$331,333
$331.3K
Market Conditions
NOI Build-Up for 3,120 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
$39.7K $12.72/SF
− Vacancy
−$4.6K −$1.48/SF
EGI
$35.1K $11.24/SF
− OpEx
−$5.3K −$1.69/SF
NOI
$29.8K $9.56/SF
Area
Peoria, AZ
Vacancy
11.60%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
15.00%
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%
$596,400
Cap Rate 7%
$426,000
Cap Rate 9%
$331,333
Alternative Uses
Best Use
Warehouse
$426.0K
$372.8K – $497.0K
NOI $29,820 @ 7.0% cap · market cap 3.82%
Second Best
Flex RnD
$357.8K
$313.1K – $417.5K
NOI $25,048 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$768.2K
$672.1K – $896.2K
NOI $53,771 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8 ft
Clear height
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85345, AZ
61,024
Population
24,273
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
87%
High-School Grad
12.7 sq mi
ZIP Area
4,805
Density / Sq Mi
$64,563
Median Household Income
$40,280
Median Earnings
$1,563
Median Rent
$278,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Classic Catering Ltd — 9855 W Peoria Ave #3, Peoria, AZ 85345
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding, C-4 zoned building with 100% A/C office space, gated yard, and 7 parking spaces for flexible industrial use.
Where is this flex space located?
The property is located at 10726 N 96th Ave Peoria, AZ.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Freestanding C‑4 zoned commercial building with 3,120 SF of 100% air‑conditioned space; Gated yard space with canopy, plus plumbing infrastructure with kitchen and restrooms; Flexible layout adaptable for industrial uses including auto‑related, contractor storage, light manufacturing, trade office, and warehouse
