Freestanding Industrial
For Sale
Contact for pricing
2031 W LONE CACTUS DR, Phoenix, AZ 85027
Freestanding industrial facility with secure paved yard, office buildout, and high-clearance warehouse for manufacturing and distribution uses.
Property Size14,577 SF
Lot Size0.98 Acres
Price / SF$349.87
Days on Market67
Property Features for 2031 W LONE CACTUS DR
General Information
Standard status
Active
Size
14,577 SF
Lot size
0.98 Acres
Property subtype
Industrial
Zoning
IND-PK
Site & Location
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
2
Heavy Power
Yes
Additional Details
Office Units
9
Building Details
Year Built
1997
Buildings
1
Stories
1
Units
1
Listing Agency:
Rein & Grossoehme Commercial Real Estate
Listed By:
Max Schumacher, SIOR · License #SA678600000
Source:
Crexi
Added: Jun 11
Changed: Aug 13
Last Checked: Aug 14 at 7:11PM
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 Rein & Grossoehme Commercial Real Estate
Investment Insights
Based on property information with market context.
This freestanding industrial building offers approximately 10,000 SF of warehouse space with 16' clear height, supported by heavy power. The warehouse includes two oversized grade level doors and is paired with about 4,577 SF of office space. The office component includes nine private offices and a conference room. The property is situated on a fully paved and secured yard that can support outdoor storage.
Located at 2031 W LONE CACTUS DR in Phoenix, the site provides direct access to both I-17 and Loop 101. The property is positioned in the Deer Valley area, with proximity described as less than 15 minutes to TSMC.
The building’s combination of warehouse capacity, grade level access, and dedicated office space supports a range of industrial and manufacturing users. The secured paved yard provides an on-site option for outside storage, while the split between warehouse and office can accommodate teams that require separate operational and administrative space. This configuration can be attractive for owner-operators seeking a functional single-site setup or buyers looking for an end-use oriented industrial property.
Located at 2031 W LONE CACTUS DR in Phoenix, the site provides direct access to both I-17 and Loop 101. The property is positioned in the Deer Valley area, with proximity described as less than 15 minutes to TSMC.
The building’s combination of warehouse capacity, grade level access, and dedicated office space supports a range of industrial and manufacturing users. The secured paved yard provides an on-site option for outside storage, while the split between warehouse and office can accommodate teams that require separate operational and administrative space. This configuration can be attractive for owner-operators seeking a functional single-site setup or buyers looking for an end-use oriented industrial property.
Key Highlights
- Freestanding 14,577 SF industrial building on 0.98 acres, built in 1997
- Warehouse includes ~10,000 SF with 16' clear height and two oversized grade‑level doors
- Office space totals ~4,577 SF with nine private offices plus a conference room
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
$249,540
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
4.89%
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%
$4,990,800
$5.0M
Cap Rate 7%
$3,564,857
$3.6M
Cap Rate 9%
$2,772,667
$2.8M
Market Conditions
NOI Build-Up for 14,577 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
$447.8K $30.72/SF
− Vacancy
−$115.1K −$7.90/SF
EGI
$332.7K $22.82/SF
− OpEx
−$83.2K −$5.71/SF
NOI
$249.5K $17.12/SF
Area
Phoenix, AZ
Vacancy
25.70%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
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%
$4,990,800
Cap Rate 7%
$3,564,857
Cap Rate 9%
$2,772,667
Alternative Uses
Best Use
Office B
$3.56M
$3.12M – $4.16M
NOI $249,540 @ 7.0% cap · market cap 4.89%
Second Best
Warehouse
$1.59M
$1.39M – $1.86M
NOI $111,343 @ 7.0% cap · market cap 2.18%
Theoretical Best
Office A
$4.42M
$3.86M – $5.15M
NOI $309,085 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
2
Drive-in doors
9
Office units
Yes
Heavy power
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,447
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85027, AZ
38,343
Population
17,458
Households
2.2
Avg Household Size
36
Median Age
29%
College-Educated
92%
High-School Grad
11.7 sq mi
ZIP Area
3,277
Density / Sq Mi
$73,255
Median Household Income
$46,338
Median Earnings
$1,488
Median Rent
$316,100
Median Home Value
Market
Vacancy Rate% for Office in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding industrial facility with secure paved yard, office buildout, and high-clearance warehouse for manufacturing and distribution uses.
Where is this warehouse located?
The property is located at 2031 W LONE CACTUS DR Phoenix, AZ.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: Freestanding 14,577 SF industrial building on 0.98 acres, built in 1997; Warehouse includes ~10,000 SF with 16' clear height and two oversized grade‑level doors; Office space totals ~4,577 SF with nine private offices plus a conference room
