Retail Space with Service
For Sale
Contact for pricing
200 S Ironwood Dr, Apache Junction, AZ 85120
Adaptable retail layout with dedicated deliveries, customer parking, and signage opportunities along South Ironwood Drive.
Property Size2,016 SF
Price / SF$295.14
Days on Market82
Property Features for 200 S Ironwood Dr
General Information
Standard status
Active
Size
2,016 SF
Property subtype
RETAIL
Amenities
Durable interior finishes
Efficient mechanical systems
Dedicated service entrance
Ceiling heights optimized for merchandising displays
Strategic signage opportunities
Exterior lighting designed for security and convenience
Well-maintained landscaping enhancing curb appeal
Listing Agency:
Commercial Properties Inc
(480) 244-7222
Listed By:
Andrew S Jaffe · License #SA630241000
(602) 330-8777
Source:
Moodyscre
Added: May 21
Changed: Jul 31
Last Checked: Jul 31 at 5:59PM
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 Commercial Properties Inc
Investment Insights
Based on property information with market context.
This 2,016-square-foot retail space at 200 S Ironwood Dr features an adaptable floor plan, durable interior finishes, and ceiling heights suited to merchandising displays. Efficient mechanical systems are maintained for reliable operation, while a dedicated service entrance supports deliveries and day-to-day operations. Exterior lighting and maintained landscaping contribute to the property's functional presentation.
The property includes a generous parking field for customer access and signage opportunities along South Ironwood Drive. Its location in Apache Junction provides access to surrounding arterial routes, supporting convenient connections for customers, staff, and deliveries.
The property includes a generous parking field for customer access and signage opportunities along South Ironwood Drive. Its location in Apache Junction provides access to surrounding arterial routes, supporting convenient connections for customers, staff, and deliveries.
Key Highlights
- 2,016‑square‑foot retail space at 200 S Ironwood Dr, Apache Junction, AZ 85120
- Adaptable floor plan supporting a diverse tenant mix
- Dedicated service entrance for deliveries
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
$19,792
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
3.33%
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%
$395,840
$395.8K
Cap Rate 7%
$282,743
$282.7K
Cap Rate 9%
$219,911
$219.9K
Market Conditions
NOI Build-Up for 2,016 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
$30.2K $15.00/SF
− Vacancy
−$2.0K −$0.98/SF
EGI
$28.3K $14.03/SF
− OpEx
−$8.5K −$4.21/SF
NOI
$19.8K $9.82/SF
Area
Pinal County, AZ
Vacancy
6.50%
Lease Rate
$15.00 /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%
$395,840
Cap Rate 7%
$282,743
Cap Rate 9%
$219,911
Alternative Uses
Best Use
Retail
$282.7K
$247.4K – $329.9K
NOI $19,792 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$557.3K
$487.7K – $650.2K
NOI $39,014 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
70k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 47%
Hotels & Casinos 1%
Home Improvements & Furnishings 1%
Dutch Bros. Coffee
Dining
18,274 visits/mo
0.4 miles
Circle K
Shops & Services
14,595 visits/mo
0.3 miles
Chase Bank
Shops & Services
8,891 visits/mo
0.4 miles
SONIC Drive In
Dining
8,510 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
6,203 visits/mo
0.2 miles
Demographics for 85120, AZ
30,605
Population
17,430
Households
1.8
Avg Household Size
54
Median Age
14%
College-Educated
87%
High-School Grad
23.1 sq mi
ZIP Area
1,325
Density / Sq Mi
$53,921
Median Household Income
$35,155
Median Earnings
$958
Median Rent
$162,900
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?
Retail space - Adaptable retail layout with dedicated deliveries, customer parking, and signage opportunities along South Ironwood Drive.
Where is this retail space located?
The property is located at 200 S Ironwood Dr Apache Junction, AZ.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,016‑square‑foot retail space at 200 S Ironwood Dr, Apache Junction, AZ 85120; Adaptable floor plan supporting a diverse tenant mix; Dedicated service entrance for deliveries
