Retail-Automotive Building with Vehicle
For Sale
$1,050,000
2394 W APACHE Trail, Apache Junction, AZ 85120
Vacant corner building with a large vehicle gate, well-suited for automotive repair or tire services.
Property Size5,338 SF
Days on Market149
Property Features for 2394 W APACHE Trail
General Information
Standard status
Active
Size
5,338 SF
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$2,200
Building Details
Building Size
5,338 SF
Year Built
1962
Listing Agency:
R.O.I. Properties
Listed By:
Jason Butler · License #BR545613000
(602) 390-0361
Source:
Lostdutchmanrealty
Added: Apr 10
Changed: Sep 2
Last Checked: Sep 4 at 12:45PM
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.
This vacant retail and automotive building totals approximately 5,338 square feet of improvements on an approximately 8,043 square foot lot. The property features a large front gate for vehicle access, supporting practical operations for automotive repair or tire services.
Located on a high-visibility, signalized corner at Apache Trail and Delaware Drive, the building sits directly across from a Walmart Supercenter and is surrounded by quick-serve restaurants and other retail. The site is approximately 3 miles from U.S. 60 and 4 miles from the Loop 202.
The property is listed with B-2 zoning, offering flexibility for an owner-user or investment strategy in a submarket where planned downtown “Golden Triangle” revitalization has been cited alongside new retail development.
Located on a high-visibility, signalized corner at Apache Trail and Delaware Drive, the building sits directly across from a Walmart Supercenter and is surrounded by quick-serve restaurants and other retail. The site is approximately 3 miles from U.S. 60 and 4 miles from the Loop 202.
The property is listed with B-2 zoning, offering flexibility for an owner-user or investment strategy in a submarket where planned downtown “Golden Triangle” revitalization has been cited alongside new retail development.
Key Highlights
- Vacant retail/automotive building built in 1962 on a signalized corner at Apache Trail and Delaware Drive
- ±1,338 SF of improvements on an ±8,043 SF lot with B‑2 zoning
- Large front gate for vehicle access, suited for automotive repair or tire services
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
$52,406
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
4.99%
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%
$1,048,120
$1.0M
Cap Rate 7%
$748,657
$748.7K
Cap Rate 9%
$582,289
$582.3K
Market Conditions
NOI Build-Up for 5,338 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
$80.1K $15.00/SF
− Vacancy
−$5.2K −$0.98/SF
EGI
$74.9K $14.03/SF
− OpEx
−$22.5K −$4.21/SF
NOI
$52.4K $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%
$1,048,120
Cap Rate 7%
$748,657
Cap Rate 9%
$582,289
Alternative Uses
Best Use
Retail
$748.7K
$655.1K – $873.4K
NOI $52,406 @ 7.0% cap · market cap 4.99%
Second Best
Industrial
$370.3K
$324.1K – $432.1K
NOI $25,924 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,302 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
219k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 36%
Dining 29%
Shops & Services 20%
Groceries 12%
Walmart
Superstores
77,967 visits/mo
0.2 miles
Safeway
Groceries
27,064 visits/mo
0.4 miles
McDonald's
Dining
26,552 visits/mo
0.1 miles
Dollar Tree
Shops & Services
16,556 visits/mo
0.1 miles
Starbucks
Dining
13,630 visits/mo
0.1 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- RnR Mobile Auto — 1081 S Meridian Rd, Apache Junction, AZ 85120
- L.E.A.D CRUZ RV REPAIR LLC — 11511 E 6th Ave, Apache Junction, AZ 85120
- East Valley Custom Paint — 11535 e 6th ave, apache junction, az 85120
- B & H AUTO REPAIR — 455 S Meridian Rd, Apache Junction, AZ 85120
- Diesel Industries Heavy Truck & Trailer Repair — 3050 W 4th Ave, Apache Junction, AZ 85120
Frequently Asked Questions
What type of property is this?
Auto shop - Vacant corner building with a large vehicle gate, well-suited for automotive repair or tire services.
Where is this auto shop located?
The property is located at 2394 W APACHE Trail Apache Junction, AZ.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Vacant retail/automotive building built in 1962 on a signalized corner at Apache Trail and Delaware Drive; ±1,338 SF of improvements on an ±8,043 SF lot with B‑2 zoning; Large front gate for vehicle access, suited for automotive repair or tire services
