Downtown Eloy Mixed-Use
For Sale
Contact for pricing
409-413 N Main St, Eloy, AZ 85131
Mixed-use property in Downtown Eloy, Arizona, suitable for owner-user.
Property Size7,226 SF
Price / SF$89.95
Days on Market715
Property Features for 409-413 N Main St
General Information
Standard status
Active
Size
7,226 SF
Total Parking Spaces
8
Property subtype
Retail, Office, Industrial
Lease Type
Modified Gross
Investment Type
Owner/User
Listing Agency:
Commercial Properties Inc Tempe
(602) 561-2946
Listed By:
Toby Campbell · License #AZ SA537130000
Source:
Crexi
Added: Sep 18, 2024
Changed: Aug 27
Last Checked: Aug 29 at 1:56AM
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 Commercial Properties Inc Tempe
Investment Insights
Based on property information with market context.
This mixed-use property in Downtown Eloy, Arizona, offers a versatile space suitable for office, retail, or flex use. The property features 3-phase power, presenting an opportunity for an owner-user. The building has a total area of 7,226 square feet.
Key Highlights
- Owner/user opportunity awaits in downtown Eloy, AZ.
- Prime downtown Eloy, AZ location.
- Versatile office/retail/flex property type.
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
$51,683
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
7.95%
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%
$1,033,660
$1.0M
Cap Rate 7%
$738,329
$738.3K
Cap Rate 9%
$574,256
$574.3K
Market Conditions
NOI Build-Up for 7,226 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
$93.6K $12.96/SF
− Vacancy
−$11.0K −$1.52/SF
EGI
$82.7K $11.44/SF
− OpEx
−$31.0K −$4.29/SF
NOI
$51.7K $7.15/SF
Area
Pinal County, AZ
Vacancy
11.70%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
37.50%
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%
$1,033,660
Cap Rate 7%
$738,329
Cap Rate 9%
$574,256
Alternative Uses
Best Use
Office B
$1.42M
$1.25M – $1.66M
NOI $99,671 @ 7.0% cap · market cap 15.33%
Second Best
Retail
$1.01M
$886.8K – $1.18M
NOI $70,941 @ 7.0% cap · market cap 10.91%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,839 @ 7.0% cap · market cap 21.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
222
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 Office 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?
Mixed-use property - Mixed-use property in Downtown Eloy, Arizona, suitable for owner-user.
Where is this mixed-use property located?
The property is located at 409-413 N Main St Eloy, AZ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Owner/user opportunity awaits in downtown Eloy, AZ.; Prime downtown Eloy, AZ location.; Versatile office/retail/flex property type.
