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    The Largest CRE Database in the US with Over 1 Million Listings

    1523 W Gurley St Prescott, AZ 86305

    Sponsored
    For Lease
    $19 SF/Yr

    COMMERCIAL - Prescott, AZ

    Type:Retail
    Lot size:
    5.17 Acres
    Days on Market:
    105
    Last Refresh:
    Feb 1 at 3:06 am

    Property Features for 1523 W Gurley St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Security features
    Security Lighting
    Zoning
    BG
    Parking
    300
    Parking features
    Secured
    Interior features
    Fire/Smoke Detector
    Exterior features
    Fence, Handicap Access
    Fencing
    Fenced
    Accessibility
    Accessible Approach with Ramp
    Lot size
    5.17 Acres

    Utilities

    Utilities
    Phone Available
    Heating system
    Zoned, Natural Gas
    Cooling system
    Gas (Cooling)
    Water source
    Public

    Building Details

    Year built
    2024
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Vinyl, Concrete
    Building materials
    Block, Frame, Stucco, Vanilla Shell
    Roof type
    Rolled Hot Mop

    We can help!

    Listing Contact
    Raymond Zogob
    Raymond Zogob

    Better Homes And Gardens Real Estate Bloomtree Realty (928) 848-3400

    Listing agent Raymond G. Zogob (619) 997-3329

    Listing date Oct 20, 2025

    MLS# 1075807

    Copyright © 2026 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Flex Space For Lease

    The newly renovated Prescott Commerce Center offers commercial flex space for lease, suitable for retail, office, showroom, and warehouse uses. Located at 1523 W Gurley Street, approximately 1 mile west of downtown Prescott and the Courthouse Square, the center benefits from its location in the heart of Prescott's west side, serving residential neighborhoods and custom home subdivisions. Suite 1523 offers approximately 2,000 square feet of space and is offered for lease at $18.50 per square foot per year, plus $2.40 per square foot per year NNN, plus utilities. The suite features an open floor plan with the front portion, approximately 60% of the total floor space, finished with vinyl plank flooring, a separate storefront entry, a 10'x10' private office, an ADA restroom, and a kitchen breakroom area with built-in cabinets, countertops, a sink, faucet, refrigerator, and microwave. A double door leads to the back portion, which comprises approximately 40% of the total floor space and features finished concrete flooring, an 8'x8' rollup door, and a man door. The property provides over 300 on-site parking spaces. The suite includes two separate HVAC units for the front and rear spaces, LED lighting throughout, and pre-wiring for internet access to either Fiber or COAX. The interior clear height is approximately 13 feet. The property is zoned Business General, accommodating various business and commercial uses, and is fire sprinklered throughout the complex. The property, situated on a 5.17-acre lot, also features a gated entry to the rear and a security camera system throughout the exterior.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apache Armor Auto Window Tinting Service

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.492694
    Latitude
    34.542372

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    FAQs

    What type of property is this?
    Retail space - Commercial flex space ideal for retail, office, showroom, and warehouse.
    Where is this retail space located?
    The property is located at 1523 W Gurley St Prescott, AZ.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Newly renovated commercial flex space suitable for retail, office, showroom, and warehouse uses.; - Excellent location on Gurley St, close to downtown Prescott, with strong demographics and visibility.; - Suite features a versatile open floor plan with finished front and back portions, including a private office, ADA restroom, and kitchen breakroom.
    (619) 997-3329
    Request Owner's contact information
    1523 W Gurley St Prescott, AZ 86305
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    Prescott, AZ 86305
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1523 W Gurley St Prescott, AZ 86305
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    We can help!
    Listing Contact
    Raymond Zogob
    Raymond Zogob
    Real Estate License ID: SA553424000
    (619) 997-3329
    Learn more
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