Industrial Flex Property with Fenced
For Sale
$2,850,000
803 N Industrial Drive, Camp Verde, AZ 86322
Commercial Sale, Camp Verde, AZ
Property Size11,928 SF
Lot Size14.84 Acres
Price / SF$238.93
Days on Market536
Property Features for 803 N Industrial Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Security features
Security System
Fencing
Fenced
Lot features
Landscaped
Directions
Exit Hwy 260 from I-17, head east. Turn north on Industrial Dr at the roundabout and follow it to the property.
Subdivision
60 - Camp Verde
Standard status
Active
APN
40322025n
Size
11,928 SF
Lot size
14.84 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Provided in escrow
Tax Annual Amount
18981
Legal Description
Provided in escrow
Utilities
Utilities
Propane
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Building Details
Year built
2016
Roof type
Metal
Listing Agency:
Coldwell Banker Northland · Coldwell Banker Real Estate
(928) 526-5309
Listed By:
Darien D Degher · License #SA640115000
(928) 607-3749
Added: Mar 3, 2025
Changed: Aug 19
Last Checked: Aug 21 at 12:06PM
MLS# 199811
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 11,928-square-foot flex property occupies 14.84 acres in Camp Verde, Arizona. The improvements were constructed in 2016 and expanded in 2020, with a metal roof, central air conditioning, central heating, electric heating, and propane service. The property was originally developed for agricultural and processing activities and includes a fenced area covering 10 acres of the site.
Located at 803 N Industrial Drive, the property sits directly off I-17 and Hwy 260, providing access to both designated transportation routes. The combination of building area, expansive land, fenced grounds, and existing infrastructure supports a range of commercial or industrial applications, including distribution, manufacturing, vehicular storage, and related operations.
Located at 803 N Industrial Drive, the property sits directly off I-17 and Hwy 260, providing access to both designated transportation routes. The combination of building area, expansive land, fenced grounds, and existing infrastructure supports a range of commercial or industrial applications, including distribution, manufacturing, vehicular storage, and related operations.
Key Highlights
- 11,928 SF of flex space on 14.84 acres
- 10 acres are fully fenced and secure
- Constructed in 2016 and expanded in 2020
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
$230,349
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
8.08%
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%
$4,606,980
$4.6M
Cap Rate 7%
$3,290,700
$3.3M
Cap Rate 9%
$2,559,433
$2.6M
Market Conditions
NOI Build-Up for 11,928 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
$346.4K $29.04/SF
− Vacancy
−$17.3K −$1.45/SF
EGI
$329.1K $27.59/SF
− OpEx
−$98.7K −$8.28/SF
NOI
$230.3K $19.31/SF
Area
Yavapai County, AZ
Vacancy
5.00%
Lease Rate
$29.04 /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%
$4,606,980
Cap Rate 7%
$3,290,700
Cap Rate 9%
$2,559,433
Alternative Uses
Best Use
Warehouse
$4.00M
$3.50M – $4.66M
NOI $279,709 @ 7.0% cap · market cap 9.81%
Second Best
Industrial
$3.29M
$2.88M – $3.84M
NOI $230,349 @ 7.0% cap · market cap 8.08%
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
Highway access
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 86322, AZ
12,696
Population
5,230
Households
2.4
Avg Household Size
48
Median Age
20%
College-Educated
85%
High-School Grad
319.5 sq mi
ZIP Area
40
Density / Sq Mi
$59,018
Median Household Income
$33,365
Median Earnings
$1,036
Median Rent
$293,700
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Flex space - Industrial improvements with fenced grounds, metal roofing, and central heating and cooling support varied commercial operations.
Where is this flex space located?
The property is located at 803 N Industrial Drive Camp Verde, AZ.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 11,928 SF of flex space on 14.84 acres; 10 acres are fully fenced and secure; Constructed in 2016 and expanded in 2020
