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 Market760
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
Listed By:
Toby Campbell · License #AZ SA537130000
(602) 561-2946
Source:
Crexi
Added: Sep 18, 2024
Changed: Oct 14
Last Checked: Oct 16 at 6:30AM
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
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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 / Yr
$51,683
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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.
