Retail Space with Warehouse
New
For Sale
$1,900,000
2295 S State Route 89, Chino Valley, AZ 86323
Fenced commercial property fronts Highway 89 and includes multiple ancillary structures.
Property Size2,922 SF
Lot Size5.00 Acres
Price / SF$643.63
Days on Market6
Property Features for 2295 S State Route 89
General Information
Standard status
Active
Size
2,922 SF
Lot size
5.00 Acres
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Warehouse Space
4,000 SF
Office Build-Out
552 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$3,848
Building Details
Building Size
2,922 SF
Year Built
1983
Buildings
4
Construction
metal
Tenancy
Single
Listing Agency:
Realty ONE Group Mountain Desert
Listed By:
Christopher Bratt · License #SA036107000
(623) 552-9053
Source:
Adobegr
Added: Sep 11
Changed: Sep 15
Last Checked: Sep 15 at 2:39PM
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 Realty ONE Group Mountain Desert
Investment Insights
Based on property information with market context.
This retail property occupies 5 acres and includes a 2,400-square-foot metal building with storefront, warehouse space, and a 552-square-foot upstairs office. Additional improvements include a 4,000-square-foot open-ended hay storage building with an 18-foot wall, a 1,785-square-foot canopy with electrical service, and a 1,736-square-foot manufactured home with three bedrooms and two bathrooms.
The fully fenced and gated site has frontage on Highway 89. The property is currently used for a feed store, and the sale includes the operating business and equipment identified in the property documents. The business has operated for 35 years and has been at this location for 10 years. The improvements were built in 1983.
The fully fenced and gated site has frontage on Highway 89. The property is currently used for a feed store, and the sale includes the operating business and equipment identified in the property documents. The business has operated for 35 years and has been at this location for 10 years. The improvements were built in 1983.
Key Highlights
- 5‑acre fully fenced and gated property with Highway 89 frontage
- 2,400‑square‑foot metal building with storefront, warehouse space, and 552‑square‑foot upstairs office
- 4,000‑square‑foot open‑ended hay storage building with an 18‑foot wall
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
$69,224
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
3.64%
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%
$1,384,480
$1.4M
Cap Rate 7%
$988,914
$988.9K
Cap Rate 9%
$769,156
$769.2K
Market Conditions
NOI Build-Up for 2,952 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
$85.7K $29.04/SF
− Vacancy
−$4.3K −$1.45/SF
EGI
$81.4K $27.59/SF
− OpEx
−$12.2K −$4.14/SF
NOI
$69.2K $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%
$1,384,480
Cap Rate 7%
$988,914
Cap Rate 9%
$769,156
Alternative Uses
Best Use
Warehouse
$988.9K
$865.3K – $1.15M
NOI $69,224 @ 7.0% cap · market cap 3.64%
Second Best
Retail
$731.0K
$639.7K – $852.9K
NOI $51,172 @ 7.0% cap · market cap 2.69%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Explore this area
Business Placement
Demographics for 86323, AZ
18,422
Population
8,541
Households
2.2
Avg Household Size
51
Median Age
19%
College-Educated
90%
High-School Grad
114.7 sq mi
ZIP Area
161
Density / Sq Mi
$62,815
Median Household Income
$37,385
Median Earnings
$1,167
Median Rent
$349,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Fenced commercial property fronts Highway 89 and includes multiple ancillary structures.
Where is this retail space located?
The property is located at 2295 S State Route 89 Chino Valley, AZ.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 5‑acre fully fenced and gated property with Highway 89 frontage; 2,400‑square‑foot metal building with storefront, warehouse space, and 552‑square‑foot upstairs office; 4,000‑square‑foot open‑ended hay storage building with an 18‑foot wall
