Flex Space with Fenced
New
For Sale
$550,000
2378 W APACHE Trail, Apache Junction, AZ 85120
B-2-zoned commercial property combines customer-facing showroom space with warehouse and secured outdoor storage.
Property Size2,791 SF
Lot Size0.24 Acres
Price / SF$197.13
Days on Market4
Property Features for 2378 W APACHE Trail
General Information
Standard status
Active
Size
2,791 SF
Lot size
0.24 Acres
Property subtype
COMMERCIAL
Zoning
B-2
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$2,072
Building Details
Building Size
2,791 SF
Year Built
1988
Listing Agency:
R.O.I. Properties
Listed By:
Jason Butler · License #BR545613000
(602) 390-0361
Source:
Lostdutchmanrealty
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 13 at 2:53PM
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 R.O.I. Properties
Investment Insights
Based on property information with market context.
Built in 1988, this flex property includes approximately 2,790 square feet of improvements on an approximately 10,501-square-foot lot. The configuration brings together showroom space, warehouse area, and a fenced yard, creating a practical mix of indoor customer-facing and operational space.
The property is located at 2378 W Apache Trail in Apache Junction, Arizona, with exposure along Apache Trail. B-2 zoning supports the property’s commercial positioning, while the existing layout accommodates a combination of retail, service, and light industrial functions. The property previously operated as a golf cart sales and service center.
The property is located at 2378 W Apache Trail in Apache Junction, Arizona, with exposure along Apache Trail. B-2 zoning supports the property’s commercial positioning, while the existing layout accommodates a combination of retail, service, and light industrial functions. The property previously operated as a golf cart sales and service center.
Key Highlights
- Approximately 2,790 square feet of improvements on an approximately 10,501‑square‑foot lot
- B‑2 zoning
- Showroom, warehouse, and fenced yard configuration
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
$28,687
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
5.22%
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%
$573,740
$573.7K
Cap Rate 7%
$409,814
$409.8K
Cap Rate 9%
$318,744
$318.7K
Market Conditions
NOI Build-Up for 2,790 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
$38.8K $13.92/SF
− Vacancy
−$5.1K −$1.82/SF
EGI
$33.7K $12.10/SF
− OpEx
−$5.1K −$1.81/SF
NOI
$28.7K $10.28/SF
Area
Pinal County, AZ
Vacancy
13.10%
Lease Rate
$13.92 /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%
$573,740
Cap Rate 7%
$409,814
Cap Rate 9%
$318,744
Alternative Uses
Best Use
Warehouse
$409.8K
$358.6K – $478.1K
NOI $28,687 @ 7.0% cap · market cap 5.22%
Second Best
Retail
$391.3K
$342.4K – $456.5K
NOI $27,391 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$771.3K
$674.9K – $899.9K
NOI $53,993 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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?
Flex space - B-2-zoned commercial property combines customer-facing showroom space with warehouse and secured outdoor storage.
Where is this flex space located?
The property is located at 2378 W APACHE Trail Apache Junction, AZ.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Approximately 2,790 square feet of improvements on an approximately 10,501‑square‑foot lot; B‑2 zoning; Showroom, warehouse, and fenced yard configuration
