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    Four-Unit Office/Retail Property Title is generated by Realmo AI

    2517 N Great Western Drive, Prescott Valley, AZ 86314

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    For Sale
    $1,365,000

    SINGLE_FAMILY - Prescott Valley, AZ

    Type:Office
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 9:06 am

    Property Features for 2517 N Great Western Drive

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    C2PAD
    Parking
    36
    Interior features
    Fire/Smoke Detector
    Exterior features
    Handicap Access
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LS 118/87 PCL B AKA AN IRREG M&B PTN SE4SE4NE4 ELY PCL COR APPR OX 200'N & 340'W OF E4 COR SEC 21-14-1W CONT .58AC
    Tax Annual Amount
    9114

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2000
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Vinyl, Carpet
    Building materials
    Block/Brick, Stucco
    Roof type
    Rolled Hot Mop

    We can help!

    Listing Contact
    Matthew Fish
    Matthew Fish

    Listing agent Matthew Fish License #BR626105000

    Listing office Arizona Commercial 122 N. Cortez St. Suite #300, Phoenix, AZ

    Listing date Jun 5, 2026

    MLS# 1082638

    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.

    HighLights

    • Four‑unit office/retail property just off State Route 69
    • One 1,575 sq ft suite ready to lease; single tenant currently occupies 75% of the building
    • Full occupancy supports a 7% cap rate (per public remarks)
    • Built in 2000 with block/brick and stucco exterior and a rolled hot mop roof
    • Central air and natural gas heating; public water and natural gas available
    • Handicap access with an accessible approach and ramp

    Overview

    This four-unit office/retail property offers a mix of suited space within a single building. One tenant currently occupies 75% of the property, and a 1,575-square-foot suite is available and ready for occupancy. The asset is configured for both office and retail use across four units, giving an operator or buyer multiple ways to position future leasing.

    The property is located just off State Route 69, providing straightforward access to the regional roadway network. The surrounding area includes an established mix of service businesses. With high visibility from the corridor and convenient highway access, the location supports everyday customer and tenant traffic needs.

    For tenants, the available suite provides an on-site option within a small, multi-tenant building that already has an operating tenant presence. For buyers, the current leased structure with a ready-to-lease unit supports an office/retail leasing strategy, and the seller notes that full occupancy would equate to a 7% cap rate. Zoning is listed as C2PAD.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Rahul Reddy Ophthalmologist Associated Retina Consultants Eye Care Center Prescott DermaLift Clinic Medical Clinic Cedars Housing Logo Apartment Building Mortenson Steven W ... Ophthalmologist

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Prescott Valley
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.361723
    Latitude
    34.580122

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    FAQs

    What type of property is this?
    Office units - Four-unit office/retail building off State Route 69 with one 1,575-sq-ft suite ready to lease.
    Where is this office units located?
    The property is located at 2517 N Great Western Drive Prescott Valley, AZ.
    What is the asking price?
    The asking price for this property is $1,365,000.
    What are key features of this property?
    This property features: Four‑unit office/retail property just off State Route 69; One 1,575 sq ft suite ready to lease; single tenant currently occupies 75% of the building; Full occupancy supports a 7% cap rate (per public remarks)
    (480) 309-1089
    We can help!
    Listing Contact
    Matthew Fish
    Matthew Fish
    Real Estate License ID: BR626105000
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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.

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