Fenced Flex Space with Covered
For Sale
$275,000
3005 W Third Street, Winslow, AZ 86047
Commercial Sale, Winslow, AZ
Property Size2,330 SF
Lot Size1.03 Acres
Price / SF$118.03
Days on Market142
Property Features for 3005 W Third Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
PS
Directions
I40 exit Hipkoe in Winslow. South to West Third street, turn right. Take second left turn onto feeder rd, and turn left on rd to Sundown Trailer Park. It's on the right hand side.
Subdivision
20 - Winslow
Standard status
Active
APN
10311027b
Size
2,330 SF
Lot size
1.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
KACHINA VISTA SUBD: (PORTIONS OF LOTS 21 & 22) BEG MOST ELY COR L OT 21; TH S14DEG18'30 W 150' TPOB; TH S14DEG18'30 W 15
Tax Annual Amount
730
Legal Description
KACHINA VISTA SUBD: (PORTIONS OF LOTS 21 & 22) BEG MOST ELY COR L OT 21; TH S14DEG18'30 W 150' TPOB; TH S14DEG18'30 W 15
Building Details
Year built
1987
Listing Agency:
UR HOME Realty
Listed By:
Laurie LaShomb
(928) 699-9269
Added: Apr 23
Changed: Sep 3
Last Checked: Sep 11 at 2:06PM
MLS# 204233
Copyright © 2026 Northern Arizona Multiple Listing Service. 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.
This flex space includes existing office areas and a vaulted-ceiling workspace within a 2,330-square-foot commercial building. Four covered, open-air bays extend along the south side and provide space for large equipment storage or potential enclosure. The property offers a flexible configuration for an owner-user or operator seeking office and work areas in one facility.
The improvements sit on a fenced and secure 1.03-acre parcel at 3005 W Third Street in Winslow, Arizona. Built in 1987 and zoned PS, the site combines enclosed commercial space with substantial covered exterior areas. The south-side bays can remain open for storage or be enclosed to expand the building’s interior area, subject to applicable approvals.
The improvements sit on a fenced and secure 1.03-acre parcel at 3005 W Third Street in Winslow, Arizona. Built in 1987 and zoned PS, the site combines enclosed commercial space with substantial covered exterior areas. The south-side bays can remain open for storage or be enclosed to expand the building’s interior area, subject to applicable approvals.
Key Highlights
- 2,330‑square‑foot flex space with existing offices and vaulted‑ceiling workspace
- 1.03‑acre parcel with full fencing and secure site enclosure
- Four covered, open‑air bays on the south side of the building
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
$21,232
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
7.72%
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%
$424,640
$424.6K
Cap Rate 7%
$303,314
$303.3K
Cap Rate 9%
$235,911
$235.9K
Market Conditions
NOI Build-Up for 2,330 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
$31.6K $13.56/SF
− Vacancy
−$1.3K −$0.54/SF
EGI
$30.3K $13.02/SF
− OpEx
−$9.1K −$3.91/SF
NOI
$21.2K $9.11/SF
Area
Navajo County, AZ
Vacancy
4.00%
Lease Rate
$13.56 /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%
$424,640
Cap Rate 7%
$303,314
Cap Rate 9%
$235,911
Alternative Uses
Best Use
Flex RnD
$478.5K
$418.7K – $558.3K
NOI $33,498 @ 7.0% cap · market cap 12.18%
Second Best
Warehouse
$368.3K
$322.3K – $429.7K
NOI $25,781 @ 7.0% cap · market cap 9.37%
Theoretical Best
Specialty Retail
$633.2K
$554.0K – $738.7K
NOI $44,322 @ 7.0% cap · market cap 16.12%
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
56
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 86047, AZ
14,168
Population
4,932
Households
2.9
Avg Household Size
36
Median Age
8%
College-Educated
81%
High-School Grad
1,676.3 sq mi
ZIP Area
8
Density / Sq Mi
$50,062
Median Household Income
$29,846
Median Earnings
$875
Median Rent
$113,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Secure commercial property combines existing offices, vaulted workspace, and covered outdoor storage or expansion areas.
Where is this flex space located?
The property is located at 3005 W Third Street Winslow, AZ.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2,330‑square‑foot flex space with existing offices and vaulted‑ceiling workspace; 1.03‑acre parcel with full fencing and secure site enclosure; Four covered, open‑air bays on the south side of the building
