Flex Space with Insulated
For Sale
$339,000
20253 E Conestoga Dr, Mayer, AZ 86333
Commercially zoned property combines a dedicated workshop, covered exterior work area, carports, and an updated residential component.
Property Size1,200 SF
Lot Size0.42 Acres
Price / SF$313.60
Days on Market70
Property Features for 20253 E Conestoga Dr
General Information
Standard status
Active
Size
1,200 SF
Lot size
0.42 Acres
Property subtype
Commercial
Warehouse & Industrial
Clear Height
14 ft
Warehouse Space
1,200 SF
Building Details
Year Built
1998
Buildings
1
Building Size
1,200 SF
Construction
metal
Listing Agency:
Code of the West
(623) 330-5300
Listed By:
Trisha Lash · License #SA648016000
Source:
Myphoenixhomesource
Added: Jun 21
Changed: Aug 28
Last Checked: Aug 28 at 2:48PM
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 Code of the West
Investment Insights
Based on property information with market context.
This flex-space property occupies 0.42 acres and includes an insulated metal workshop measuring 30' x 40' x 14'. The building has an evaporative cooler and an oversized roll-up door suitable for RV or camper access, with capacity for approximately 7.5 vehicles, equipment, or workspace functions. A covered work area connected to the residence and two carports add additional sheltered utility.
The residential improvement is a remodeled three-bedroom, two-bath double-wide CAVCO built in 1998. Updates include custom doors, wood detailing, upgraded lighting, faucets, toilets, and a renovated primary shower. The property also includes front and rear porches, with mountain views from the front porch and mature Texas Lilac, Desert Willow, and Brazilian Mesquite trees around the back porch.
Located at 20253 E Conestoga Dr in Mayer, Arizona, the property is positioned between Phoenix, Prescott, and Flagstaff.
The residential improvement is a remodeled three-bedroom, two-bath double-wide CAVCO built in 1998. Updates include custom doors, wood detailing, upgraded lighting, faucets, toilets, and a renovated primary shower. The property also includes front and rear porches, with mountain views from the front porch and mature Texas Lilac, Desert Willow, and Brazilian Mesquite trees around the back porch.
Located at 20253 E Conestoga Dr in Mayer, Arizona, the property is positioned between Phoenix, Prescott, and Flagstaff.
Key Highlights
- 0.42‑acre commercially zoned flex‑space property
- Insulated metal workshop measures 30' x 40' x 14'
- Oversized roll‑up door accommodates an RV or camper
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
$25,349
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
7.48%
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%
$506,980
$507.0K
Cap Rate 7%
$362,129
$362.1K
Cap Rate 9%
$281,656
$281.7K
Market Conditions
NOI Build-Up for 1,081 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
$31.4K $29.04/SF
− Vacancy
−$1.6K −$1.45/SF
EGI
$29.8K $27.59/SF
− OpEx
−$4.5K −$4.14/SF
NOI
$25.3K $23.45/SF
Area
Yavapai County, AZ
Vacancy
5.00%
Lease Rate
$29.04 /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%
$506,980
Cap Rate 7%
$362,129
Cap Rate 9%
$281,656
Alternative Uses
Best Use
Warehouse
$362.1K
$316.9K – $422.5K
NOI $25,349 @ 7.0% cap · market cap 7.48%
Second Best
Industrial
$298.2K
$261.0K – $347.9K
NOI $20,876 @ 7.0% cap · market cap 6.16%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Practical Healthy Living, LLC — 15709 S Maverick Trail, Mayer, AZ 86333
Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned property combines a dedicated workshop, covered exterior work area, carports, and an updated residential component.
Where is this flex space located?
The property is located at 20253 E Conestoga Dr Mayer, AZ.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 0.42‑acre commercially zoned flex‑space property; Insulated metal workshop measures 30' x 40' x 14'; Oversized roll‑up door accommodates an RV or camper
