Industrial Flex Building with Approved
2651 S LAKIN AVE Yuma, AZ 85365
2651 S LAKIN AVE, Yuma, AZ, 85365
$450,000
For Sale
$450,000
COMMERCIAL - Yuma, AZ
Property Size9,600 SF
Lot Size1,598.07 Acres
Price / SF$46.88
Days on Market149
Property Features for 2651 S LAKIN AVE
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 1,598.07 Acres
Taxes and HOA fees
- Tax Description
- GATEWAY PLAZA INDUSTRIAL PARKUNIT 1 Lot: 26 EXC R/W PER 2010-01516Section: 02 Township: 09S Range:
Listing Agency
Realty Executives McConnaughay
(928) 343-9415
331 Madison Ave, Yuma, AZ
Listed by
Christine McConnaughay · License #BR036090000
(928) 580-3947
Added: Feb 20 Checked: Jul 19 at 2:06 am
MLS# 20260870
Copyright © 2026 Yuma Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The offering includes a metal building totaling 9,600 SF on a 0.98-acre lot, along with engineering and development plans to support a three-suite configuration. The project is currently designed for 3 suits, and the included plans were prepared with engineering by Thompson Design Architects. This listing includes the land, building, and plans, with plans approved by the city and permits ready to be issued.
The property is located in Gateway Plaza Industrial Park, off of 3E between 32nd St and 24th St. The site is described as a corner lot with total corner lot square footage of 42,550 SF. Public remarks also note high traffic count and proximity to the freeway, shopping, schools, airport, and MCAS.
For tenants, operators, and investors evaluating industrial-flex layouts, the key advantage here is that the package is being sold with an established design direction and the permitting process already underway. The three-suite planning may support businesses seeking a smaller-bay footprint within a single metal building while keeping future buildout aligned to the approved plans.
The property is located in Gateway Plaza Industrial Park, off of 3E between 32nd St and 24th St. The site is described as a corner lot with total corner lot square footage of 42,550 SF. Public remarks also note high traffic count and proximity to the freeway, shopping, schools, airport, and MCAS.
For tenants, operators, and investors evaluating industrial-flex layouts, the key advantage here is that the package is being sold with an established design direction and the permitting process already underway. The three-suite planning may support businesses seeking a smaller-bay footprint within a single metal building while keeping future buildout aligned to the approved plans.
Key Highlights
- Approved building plans and permits ready to be issued.
- 9,600 SF Metal Building included.
- Prime location in Gateway Plaza Industrial Park with maximum exposure.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.2k | $6.48 |
| − Vacancy | −$4.2k | −$0.44 |
| EGI | $58.0k | $6.04 |
| − OpEx | −$20.3k | −$2.11 |
| NOI | $37.7k | $3.93 |
9,600 SF · lease $6.48/SF/yr · vacancy 6.80% · expense 35.00%
Alternative Uses
Best Use
Industrial
$617.4K
$540.2K – $720.3K
NOI $43,215 @ 7.0% cap · market cap 9.60%
Second Best
Flex RnD
$538.4K
$471.1K – $628.1K
NOI $37,686 @ 7.0% cap · market cap 8.37%
Theoretical Best
Specialty Retail
$4.93M
$4.31M – $5.75M
NOI $345,156 @ 7.0% cap · market cap 76.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Metal flex building on a corner lot with city-approved plans for three suites and permits ready for issuance.
Where is this flex space located?
The property is located at 2651 S LAKIN AVE Yuma, AZ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approved building plans and permits ready to be issued.; 9,600 SF Metal Building included.; Prime location in Gateway Plaza Industrial Park with maximum exposure.
