Industrial Storage and Trucking
For Sale
Contact for pricing
8174 West Market Street, Peoria, AZ 85345
Industrial storage parcel includes a warehouse with 20+ foot clear height, perimeter fencing, and heavy utilities.
Property Size3,210 SF
Price / SF$272.59
Days on Market151
Property Features for 8174 West Market Street
General Information
Standard status
Active
Size
3,210 SF
Class
C
Property subtype
Industrial
Zoning
I-1
Site & Location
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
20 ft
Heavy Power
Yes
Building Details
Year Built
1937
Buildings
1
Tenancy
Single
Listing Agency:
Citywide Commercial Real Estate
Listed By:
Chad Neppl · License #AZ SA 529910000
Source:
Crexi
Added: Apr 11
Changed: Sep 8
Last Checked: Sep 8 at 3:26AM
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 Citywide Commercial Real Estate
Investment Insights
Based on property information with market context.
This industrial parcel includes a warehouse storage building with over 20 feet of clear height, plus perimeter fencing for site security. The property also features a detached office space with air conditioning, though it does not include a restroom. The site is currently operated as a trucking lot, and offers multiple access points for vehicle entry and movement.
The property provides water on site; however, a sewer line is not confirmed on site. Heavy power and gas service are also noted. Heavy Industrial zoning is indicated, allowing for many uses.
With the combination of high-clear warehouse storage, outdoor trucking/parking operation, fenced perimeter, and on-site utilities, the site is positioned for flexible industrial storage and yard-driven uses.
The property provides water on site; however, a sewer line is not confirmed on site. Heavy power and gas service are also noted. Heavy Industrial zoning is indicated, allowing for many uses.
With the combination of high-clear warehouse storage, outdoor trucking/parking operation, fenced perimeter, and on-site utilities, the site is positioned for flexible industrial storage and yard-driven uses.
Key Highlights
- Industrial storage parcel with a warehouse building offering over 20 ft clear height
- Heavy Industrial zoning allows for many uses (zoning supports broad industrial use)
- Large parcel with multiple access points and perimeter fencing
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
$30,681
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
3.51%
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%
$613,620
$613.6K
Cap Rate 7%
$438,300
$438.3K
Cap Rate 9%
$340,900
$340.9K
Market Conditions
NOI Build-Up for 3,210 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
$40.8K $12.72/SF
− Vacancy
−$4.7K −$1.48/SF
EGI
$36.1K $11.24/SF
− OpEx
−$5.4K −$1.69/SF
NOI
$30.7K $9.56/SF
Area
Peoria, AZ
Vacancy
11.60%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
15.00%
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%
$613,620
Cap Rate 7%
$438,300
Cap Rate 9%
$340,900
Alternative Uses
Best Use
Warehouse
$438.3K
$383.5K – $511.4K
NOI $30,681 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$790.3K
$691.5K – $922.0K
NOI $55,322 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Yes
Heavy power
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85345, AZ
61,024
Population
24,273
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
87%
High-School Grad
12.7 sq mi
ZIP Area
4,805
Density / Sq Mi
$64,563
Median Household Income
$40,280
Median Earnings
$1,563
Median Rent
$278,300
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial storage parcel includes a warehouse with 20+ foot clear height, perimeter fencing, and heavy utilities.
Where is this warehouse located?
The property is located at 8174 West Market Street Peoria, AZ.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Industrial storage parcel with a warehouse building offering over 20 ft clear height; Heavy Industrial zoning allows for many uses (zoning supports broad industrial use); Large parcel with multiple access points and perimeter fencing
