Building Details

Year Built 2010

Stories 1

Listed By: Kir Smith Show Phone

Added: Oct 9

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,652

Cap Rate

4.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$233,040 $233.0K

Cap Rate 7%

$166,457 $166.5K

Cap Rate 9%

$129,467 $129.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,481 SF

Gross rent

$24.0K $16.20/SF

− Vacancy

−$2.8K −$1.90/SF

EGI

$21.2K $14.30/SF

− OpEx

−$9.5K −$6.44/SF

NOI

$11.7K $7.87/SF

Area

Pinal County, AZ

Vacancy

11.70%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$233,040

Cap Rate 7%

$166,457

Cap Rate 9%

$129,467

Alternative Uses

Best Use

Apartment 5plus

$166.5K

$145.7K – $194.2K (±1% cap)

NOI $11,652 @ 7.0% cap · market cap 4.12%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$409.4K

$358.3K – $477.7K (±1% cap)

NOI $28,661 @ 7.0% cap · market cap 10.15%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick HVAC Service Spa & Massage Center Grocery & Convenience Store Bakery Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

10

Businesses Nearby

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Demographics for 85132, AZ

38,848

Population

11,901

Households

3.3

Avg Household Size

39

Median Age

18%

College-Educated

83%

High-School Grad

601.3 sq mi

ZIP Area

65

Density / Sq Mi

$76,832

Median Household Income

$41,633

Median Earnings

$1,268

Median Rent

$314,600

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential income property - 8076 W Sonoma Way, Florence, AZ 85132

Where is this residential income property located?

The property is located at 8076 W SONOMA Way Florence, AZ.

What is the asking price?

The asking price for this property is $282,500.