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    1655 S Sullivan Ln Camp Verde, AZ 86322

    Sponsored
    For Lease
    $10 SF/Yr

    COMMERCIAL - Camp Verde, AZ

    Property size:
    18,000 SF
    Lot size:
    3.11 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 26 at 3:06 pm

    Property Features for 1655 S Sullivan Ln

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    M1/R1-35/C3
    Parking
    100
    Interior features
    Fire/Smoke Detector
    Exterior features
    Fence
    Fencing
    Fenced
    Size
    18,000 SF
    Lot size
    3.11 Acres

    Utilities

    Utilities
    Electricity Available
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1987
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet
    Building materials
    Steel Frame

    We can help!

    Listing Contact
    Matthew Fish
    Matthew Fish

    Arizona Commercial LLC

    Listing agent Matthew Fish (480) 309-1089

    Listing date Feb 24, 2026

    MLS# 1079779

    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

    Versatile Industrial Property with Cannabis Approval

    This industrial property in Camp Verde, Arizona, offers versatile space with high power capacity and flexible configurations. The property is suitable for cannabis operators or traditional industrial users. Constructed in 2007, the well-maintained industrial/commercial warehouse facility is situated on a 3.11-acre parcel. The property includes an 18,000-square-foot main warehouse, which can be divided into 4,000-square-foot bays for single or multi-tenant occupancy. A separate 4,000-square-foot building is also available. Both buildings feature 18-foot clear ceiling heights and grade-level drive-in bay doors. The main building is fully air-conditioned and equipped with multiple HVAC units and 2,900 Amps of 480V, 3-Phase power with a 300 KVA transformer. The main building is divided into 17 insulated rooms, two restrooms, and an employee break room. The 4,000-square-foot standalone building offers an open floor plan warehouse with a restroom and mezzanine-level office space. Zoned M1 / R1-35 / C3, the property is approved for marijuana cultivation, manufacturing, industrial, commercial, mixed-use, and residential-compatible operations. An 1,800-square-foot manufactured home is on-site, suitable for full-time residence, on-site security, management housing, or office space. The location provides access to AZ Highway 260 and ample on-site parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cannabis farms

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store

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

    Similar Places Nearby

    2 Brothers Boat & RV Storage, Zane Grey Mini Storage

    Location Insight

    • Map
    • Local Demand
    City
    Camp Verde
    County
    Yavapai
    State
    Arizona
    Longitude
    -111.839527
    Latitude
    34.545328

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    FAQs

    What type of property is this?
    Warehouse - Industrial property approved for cannabis cultivation and other commercial uses.
    Where is this warehouse located?
    The property is located at 1655 S Sullivan Ln Camp Verde, AZ.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Approved for marijuana cultivation and other uses (manufacturing, industrial, commercial, mixed-use, and residential-compatible operations).; - Rare, **high power capacity: 2,900 Amps of 480V, 3-Phase power** with a 300 KVA transformer on premise.; - **Flexible configurations: 18,000 SF main warehouse divisible into 4,000 SF bays**, plus a separate 4,000 SF building for expansion.
    (480) 309-1089
    Request Owner's contact information
    1655 S Sullivan Ln Camp Verde, AZ 86322
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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
    1655 S Sullivan Ln Camp Verde, AZ 86322
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    We can help!
    Listing Contact
    Matthew Fish
    Matthew Fish
    Real Estate License ID: BR626105000
    (480) 309-1089 (928) 515-1223 (928) 775-4227
    Learn more
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