Manufacturing Building with Three
For Sale
$1,095,000
3105 N State Route 89, Chino Valley, AZ 86323
Commercial Sale, Chino Valley, AZ
Property Size6,000 SF
Lot Size1.66 Acres
Price / SF$182.50
Days on Market48
Property Features for 3105 N State Route 89
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CH
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
6
Security features
Security Lighting, Security
Interior features
Ceiling Fan(s), Fire/Smoke Detector, Security/Alarm
Exterior features
Fence, Handicap Access, Storage
Fencing
Fenced
Accessibility
Accessible Approach with Ramp
Directions
HIGHWAY 89 NORTH TO 3105 N HWY 89.'THE BUILDING SETS BACK OFF THE HIGHWAY. YOU NEED TO TAKE THE DRIVEWAY JUST SOUTH OF CET WELL DRILLING LOT.
Standard status
Active
Lot size
1.66 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
A RECT PCL, SE4; SE COR APPROX 596'W,690'N FROM SE COR OF SEC SE C 3-16-2W CONT 1.66AC 4187/43
Tax Annual Amount
4810
Legal Description
A RECT PCL, SE4; SE COR APPROX 596'W,690'N FROM SE COR OF SEC SE C 3-16-2W CONT 1.66AC 4187/43
Utilities
Utilities
Propane
Heating system
Propane (Heating)
Cooling system
Ceiling Fan(s), Central Air
Water source
Private
Amenities
security camera system
Building Details
Year built
2003
Floors in Building
1
Flooring type
Carpet, Concrete, Vinyl
Building materials
Steel Frame
Roof type
Metal
Additional Structures
Storage
Listing Agency:
A Casa Realty
(928) 636-7774
Listed By:
Kevan Larson · License #BR023789000
(928) 713-2788
Added: Jul 13
Changed: Aug 29
Last Checked: Aug 29 at 3:06AM
MLS# 1083631
Copyright © 2026 Prescott Area 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.
A 6,000 square foot manufacturing building set up for light manufacturing, welding, fabrication, repair, and warehouse use. The space includes a 1,000 square foot office area and an additional 1,000 square foot liveable apartment; the liveable square footage can be converted to additional office space. The building has three bays with 14'' roll-up access doors, with storage available above the office.
The property is secured with a 6' chain link security fence and includes a security camera system. There is room for additional buildings, storage buildings, and parking spaces. The building features a steel frame and metal roof. Utilities include propane heat and central air cooling, with accessibility provided via an accessible approach with ramp.
Service includes a 400 amp electrical service, as well as an additional 200 amp yard pedestal. The property sits on 1.66 acres and is fenced, with interior amenities including ceiling fans, fire/smoke detector, and security/alarm features.
The property is secured with a 6' chain link security fence and includes a security camera system. There is room for additional buildings, storage buildings, and parking spaces. The building features a steel frame and metal roof. Utilities include propane heat and central air cooling, with accessibility provided via an accessible approach with ramp.
Service includes a 400 amp electrical service, as well as an additional 200 amp yard pedestal. The property sits on 1.66 acres and is fenced, with interior amenities including ceiling fans, fire/smoke detector, and security/alarm features.
Key Highlights
- 6,000 SF manufacturing building for light manufacturing, welding, fabrication, repair, and warehouse use
- 1,000 SF office plus 1,000 SF liveable apartment; liveable space can be converted to additional office
- Three bays with 14'' roll‑up access doors; storage above office space
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
$87,265
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
7.97%
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%
$1,745,300
$1.7M
Cap Rate 7%
$1,246,643
$1.2M
Cap Rate 9%
$969,611
$969.6K
Market Conditions
NOI Build-Up for 6,000 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
$139.7K $23.28/SF
− Vacancy
−$23.3K −$3.89/SF
EGI
$116.4K $19.39/SF
− OpEx
−$29.1K −$4.85/SF
NOI
$87.3K $14.54/SF
Area
Yavapai County, AZ
Vacancy
16.70%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
25.00%
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%
$1,745,300
Cap Rate 7%
$1,246,643
Cap Rate 9%
$969,611
Alternative Uses
Best Use
Warehouse
$2.01M
$1.76M – $2.34M
NOI $140,699 @ 7.0% cap · market cap 12.85%
Second Best
Industrial
$1.66M
$1.45M – $1.93M
NOI $115,870 @ 7.0% cap · market cap 10.58%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
98
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Light manufacturing building on CH zoning with 3-bay roll-up access doors and on-site office plus liveable apartment space.
Where is this manufacturing property located?
The property is located at 3105 N State Route 89 Chino Valley, AZ.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 6,000 SF manufacturing building for light manufacturing, welding, fabrication, repair, and warehouse use; 1,000 SF office plus 1,000 SF liveable apartment; liveable space can be converted to additional office; Three bays with 14'' roll‑up access doors; storage above office space
