Building Details

Year Built 2005

Buildings 1

Stories 1

Units 1

Listing Agency: The Shelly Watne Group

Listed By: William Iannelli · License #BR009136000 Show Phone

Source: Crexi

Added: Jun 27, 2025 Changed: Oct 2 Last Checked: Oct 5 at 3:43PM

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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 The Shelly Watne Group

Investment Insights

Based on property information with market context.

Key Highlights

• Two 14' high roll‑up doors plus a third roll‑up door at the back.
• Fenced side lot with millings, suitable for storage or parking.
• RV dump and 30 amp plug for RV parking.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,733

Cap Rate

4.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$334,660 $334.7K

Cap Rate 7%

$239,043 $239.0K

Cap Rate 9%

$185,922 $185.9K

Market Conditions

NOI Build-Up for 1,920 SF

Gross rent

$27.0K $14.04/SF

− Vacancy

−$1.2K −$0.63/SF

EGI

$25.7K $13.41/SF

− OpEx

−$9.0K −$4.69/SF

NOI

$16.7K $8.72/SF

Area

Yavapai County, AZ

Vacancy

4.50%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$334,660

Cap Rate 7%

$239,043

Cap Rate 9%

$185,922

Alternative Uses

Best Use

Industrial

$529.7K

$463.5K – $618.0K (±1% cap)

NOI $37,078 @ 7.0% cap · market cap 9.89%

Second Best

Flex RnD

$239.0K

$209.2K – $278.9K (±1% cap)

NOI $16,733 @ 7.0% cap · market cap 4.46%

Theoretical Best

Warehouse

$643.2K

$562.8K – $750.4K (±1% cap)

NOI $45,024 @ 7.0% cap · market cap 12.01%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Law Firm Auto Parts Store Pharmacy Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

90

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 86333, AZ

5,886

Population

3,296

Households

1.8

Avg Household Size

54

Median Age

12%

College-Educated

84%

High-School Grad

499.2 sq mi

ZIP Area

12

Density / Sq Mi

$54,385

Median Household Income

$27,900

Median Earnings

$1,008

Median Rent

$173,000

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

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Frequently Asked Questions

Where is this flex space located?

The property is located at 15868 S Black Mountain Road Mayer, AZ.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: Two 14' high roll‑up doors plus a third roll‑up door at the back.; Fenced side lot with millings, suitable for storage or parking.; RV dump and 30 amp plug for RV parking.