Freestanding Flex Property With Fenced
New
For Sale
Contact for pricing
14916 W Yorkshire Dr, Surprise, AZ 85374
Multi-tenant flex property with drive-in access, a secured yard, and an additional residence suitable for office use.
Property Size13,706 SF
Lot Size1.89 Acres
Price / SF$206.93
Days on Market6
Property Features for 14916 W Yorkshire Dr
General Information
Standard status
Active
Size
13,706 SF
Class
C
Lot size
1.89 Acres
Property subtype
Industrial
Zoning
Light Industrial
Occupancy
100%
Lease Type
Modified Gross
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
5
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1975
Buildings
4
Tenancy
Multi
Building Size
13,706 SF
Listing Agency:
Arizona Commercial Professionals CRE at BRE
Listed By:
Tim Phillips · License #Arizona SA536881000
Source:
Crexi
Added: Aug 27
Changed: Aug 31
Last Checked: Aug 31 at 9:24AM
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 Arizona Commercial Professionals CRE at BRE
Investment Insights
Based on property information with market context.
This freestanding flex property combines 13,706 SF of manufacturing and warehouse space with a separate 1,758 SF single-family residence. The additional structure can support office, on-site management, or security functions. The industrial building is arranged for multiple occupants and includes five 12-foot-wide by 12-foot-high drive-in doors, 14-foot clear height, and a fully fenced yard with 24-hour access.
Located at 14916 W Yorkshire Dr in Surprise, Arizona, the property occupies 1.89 acres in the Surprise submarket of Phoenix. Light Industrial zoning supports the stated industrial character of the site, which is currently 100% occupied. The property was built in 1975 and offers a combined property size of 15,464 SF.
Located at 14916 W Yorkshire Dr in Surprise, Arizona, the property occupies 1.89 acres in the Surprise submarket of Phoenix. Light Industrial zoning supports the stated industrial character of the site, which is currently 100% occupied. The property was built in 1975 and offers a combined property size of 15,464 SF.
Key Highlights
- 13,706 SF manufacturing and warehouse building plus 1,758 SF single‑family residence
- Five 12'w x 12'h drive‑in doors and 14' clear height
- 1.89‑acre site with a fully fenced yard
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
$151,980
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
4.75%
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%
$3,039,600
$3.0M
Cap Rate 7%
$2,171,143
$2.2M
Cap Rate 9%
$1,688,667
$1.7M
Market Conditions
NOI Build-Up for 15,464 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
$259.8K $16.80/SF
− Vacancy
−$26.0K −$1.68/SF
EGI
$233.8K $15.12/SF
− OpEx
−$81.8K −$5.29/SF
NOI
$152.0K $9.83/SF
Area
Surprise, AZ
Vacancy
10.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$3,039,600
Cap Rate 7%
$2,171,143
Cap Rate 9%
$1,688,667
Alternative Uses
Best Use
Flex RnD
$2.17M
$1.90M – $2.53M
NOI $151,980 @ 7.0% cap · market cap 4.75%
Second Best
Industrial
$1.74M
$1.52M – $2.03M
NOI $121,719 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$4.77M
$4.17M – $5.56M
NOI $333,822 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
5
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85374, AZ
41,182
Population
21,982
Households
1.9
Avg Household Size
61
Median Age
30%
College-Educated
95%
High-School Grad
12.8 sq mi
ZIP Area
3,217
Density / Sq Mi
$78,690
Median Household Income
$45,427
Median Earnings
$1,897
Median Rent
$355,800
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-tenant flex property with drive-in access, a secured yard, and an additional residence suitable for office use.
Where is this flex space located?
The property is located at 14916 W Yorkshire Dr Surprise, AZ.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 13,706 SF manufacturing and warehouse building plus 1,758 SF single‑family residence; Five 12'w x 12'h drive‑in doors and 14' clear height; 1.89‑acre site with a fully fenced yard
