Manufacturing Facility with 34-Foot
For Sale
Contact for pricing
924 N Tweedy Road, Eloy, AZ 85131
Overhead-crane-ready industrial facility with column-free production space and dedicated office for manufacturing or logistics conversion.
Property Size71,361 SF
Lot Size15.18 Acres
Price / SF$143.64
Days on Market100
Property Features for 924 N Tweedy Road
General Information
Standard status
Active
Size
71,361 SF
Class
B
Total Parking Spaces
40
Lot size
15.18 Acres
Property subtype
Industrial
Zoning
Eloy Industrial Park/I-1
Additional Details
Opportunity Zone
Yes
Fenced Yard
Yes
Clear Height
34 ft
Building Details
Year Built
2008
Buildings
1
Listing Agency:
Shell Commercial Investment Real Estate
Listed By:
John Quatrini · License #AZ BR043020000
(480) 443-3992
Source:
Crexi
Added: Jun 1
Changed: Aug 27
Last Checked: Sep 7 at 7:39AM
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 Shell Commercial Investment Real Estate
Investment Insights
Based on property information with market context.
The property is a 71,361 SF industrial manufacturing facility built in 2008 with block and metal construction. The production area is designed as a free span space with no columns and provides an impressive 34-foot clear height, supporting overhead crane use. The building also includes approximately 7,000 SF of office space alongside the production floor, providing a separation between working and administrative functions.
The facility sits on 15.18 total acres in Eloy, Arizona, within an Opportunity Zone. The site includes a secure, fenced area totaling 9.56 acres and an additional 5.62 acres of land. The property is located near Union Pacific freight rail infrastructure, and the remarks note potential for future rail-served industrial capability, subject to feasibility and railroad approval.
For tenants or buyers seeking adaptable industrial space, the combination of column-free layout and overhead-crane readiness is well suited to manufacturing and logistics operations. The building’s configuration also supports consideration for industrial/logistics use as well as conversion to a data center environment, with HVAC growing rooms identified as potentially convertible to cooling for server equipment, subject to final design and feasibility.
The facility sits on 15.18 total acres in Eloy, Arizona, within an Opportunity Zone. The site includes a secure, fenced area totaling 9.56 acres and an additional 5.62 acres of land. The property is located near Union Pacific freight rail infrastructure, and the remarks note potential for future rail-served industrial capability, subject to feasibility and railroad approval.
For tenants or buyers seeking adaptable industrial space, the combination of column-free layout and overhead-crane readiness is well suited to manufacturing and logistics operations. The building’s configuration also supports consideration for industrial/logistics use as well as conversion to a data center environment, with HVAC growing rooms identified as potentially convertible to cooling for server equipment, subject to final design and feasibility.
Key Highlights
- 71,361 SF industrial manufacturing facility built in 2008 on 15.18 acres in an Opportunity Zone (Eloy, AZ).
- 34‑foot clear height with free‑span, column‑free production design for overhead crane use.
- Includes approx. 64,361 SF production floor plus approx. 7,000 SF 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
$733,734
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
7.16%
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%
$14,674,680
$14.7M
Cap Rate 7%
$10,481,914
$10.5M
Cap Rate 9%
$8,152,600
$8.2M
Market Conditions
NOI Build-Up for 71,361 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
$993.3K $13.92/SF
− Vacancy
−$130.1K −$1.82/SF
EGI
$863.2K $12.10/SF
− OpEx
−$129.5K −$1.81/SF
NOI
$733.7K $10.28/SF
Area
Pinal County, AZ
Vacancy
13.10%
Lease Rate
$13.92 /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%
$14,674,680
Cap Rate 7%
$10,481,914
Cap Rate 9%
$8,152,600
Alternative Uses
Best Use
Warehouse
$10.48M
$9.17M – $12.23M
NOI $733,734 @ 7.0% cap · market cap 7.16%
Second Best
Industrial
$4.95M
$4.33M – $5.78M
NOI $346,568 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$19.73M
$17.26M – $23.02M
NOI $1,380,996 @ 7.0% cap · market cap 13.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
34 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Overhead-crane-ready industrial facility with column-free production space and dedicated office for manufacturing or logistics conversion.
Where is this manufacturing property located?
The property is located at 924 N Tweedy Road Eloy, AZ.
What is the asking price?
The asking price for this property is $10,250,000.
What are key features of this property?
This property features: 71,361 SF industrial manufacturing facility built in 2008 on 15.18 acres in an Opportunity Zone (Eloy, AZ).; 34‑foot clear height with free‑span, column‑free production design for overhead crane use.; Includes approx. 64,361 SF production floor plus approx. 7,000 SF office space.
