Automotive Service and Office
For Sale
$575,000
3192 N Pearce Street, Eloy, AZ 85131
Automotive and truck repair facility with an air-conditioned office, covered service structure, and concrete floors on multiple parcels.
Property Size3,693 SF
Lot Size1.28 Acres
Days on Market63
Property Features for 3192 N Pearce Street
General Information
Standard status
Active
Size
3,693 SF
Lot size
1.28 Acres
Property subtype
Commercial
Zoning
C-2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,912
Building Details
Building Size
3,693 SF
Year Built
2000
Buildings
2
Stories
1
Listing Agency:
OMNI Homes International
(520) 310-4020
Listed By:
Farley David Rosenstein · License #BR652756000
(520) 310-4020
Source:
Sunhaven-realestate
Added: Jun 24
Changed: Aug 25
Last Checked: Aug 24 at 3:41PM
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 OMNI Homes International
Investment Insights
Based on property information with market context.
This property is currently operating as an automotive and truck repair service facility providing tire restoration and replacement services for trucks, semis, and buses. The assemblage includes an office building with air conditioning and a separate covered structure used for service activities, including tire repair and reconstruction with a shade canopy. The site also features concrete flooring and a storage yard, along with a monument sign.
The offering consists of five parcels in Pinal County, located a short distance off Exit 200 on I-10. Several of the parcels are separated by public alleys. The property is zoned C2, and the buyer is advised to verify zoning and development potential with the City of Eloy.
Real properties are being sold as an assemblage (APNs listed in the remarks), and the sale price does not include the inventory and equipment associated with the current business; the owner is willing to sell the inventory and equipment. The tenant is on a month-to-month lease.
The offering consists of five parcels in Pinal County, located a short distance off Exit 200 on I-10. Several of the parcels are separated by public alleys. The property is zoned C2, and the buyer is advised to verify zoning and development potential with the City of Eloy.
Real properties are being sold as an assemblage (APNs listed in the remarks), and the sale price does not include the inventory and equipment associated with the current business; the owner is willing to sell the inventory and equipment. The tenant is on a month-to-month lease.
Key Highlights
- Automotive/truck repair facility built in 2000, providing tire restoration and replacement for trucks, semis, and buses
- Approximately 1.28‑acre assemblage consisting of five parcels sold together at 4155 W Outer Dr, 4145 W Outer Cir, 4135 W Outer Dr, 4090 W Aztec Rd, and 3192 W Pearce St (APNs 403‑24‑060 to 403‑24‑064B)
- Includes an air‑conditioned office plus a separate covered service structure with shade canopy for tire repair and reconstruction activities
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
$36,256
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
6.31%
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%
$725,120
$725.1K
Cap Rate 7%
$517,943
$517.9K
Cap Rate 9%
$402,844
$402.8K
Market Conditions
NOI Build-Up for 3,693 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
$55.4K $15.00/SF
− Vacancy
−$3.6K −$0.98/SF
EGI
$51.8K $14.03/SF
− OpEx
−$15.5K −$4.21/SF
NOI
$36.3K $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%
$725,120
Cap Rate 7%
$517,943
Cap Rate 9%
$402,844
Alternative Uses
Best Use
Retail
$517.9K
$453.2K – $604.3K
NOI $36,256 @ 7.0% cap · market cap 6.31%
Second Best
Industrial
$256.2K
$224.2K – $298.9K
NOI $17,935 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$1.02M
$893.4K – $1.19M
NOI $71,468 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85131, AZ
16,723
Population
5,381
Households
3.1
Avg Household Size
38
Median Age
13%
College-Educated
77%
High-School Grad
306.7 sq mi
ZIP Area
55
Density / Sq Mi
$55,137
Median Household Income
$26,957
Median Earnings
$940
Median Rent
$243,700
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
- Automotive Diesel Tire Shop — 3192 N Pearce St, Eloy, AZ 85131
- T/A Shop — 40422012B, Eloy, AZ 85131
- Midway Diesel LLC — 3995 W Houser Rd, Eloy, AZ 85131
- TA Truck Service — 2949 N Toltec Rd, Eloy, AZ 85131
- TA Travel Center — 2949 N Toltec Rd, Eloy, AZ 85131
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive and truck repair facility with an air-conditioned office, covered service structure, and concrete floors on multiple parcels.
Where is this auto shop located?
The property is located at 3192 N Pearce Street Eloy, AZ.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Automotive/truck repair facility built in 2000, providing tire restoration and replacement for trucks, semis, and buses; Approximately 1.28‑acre assemblage consisting of five parcels sold together at 4155 W Outer Dr, 4145 W Outer Cir, 4135 W Outer Dr, 4090 W Aztec Rd, and 3192 W Pearce St (APNs 403‑24‑060 to 403‑24‑064B); Includes an air‑conditioned office plus a separate covered service structure with shade canopy for tire repair and reconstruction activities
