Mixed-Use Building with
For Sale
$1,185,000
1002 N MAIN Street, Cottonwood, AZ 86326
The residence has two bedrooms, one bath, refreshed flooring, new paint, and new appliances.
Property Size3,294 SF
Days on Market8
Property Features for 1002 N MAIN Street
General Information
Standard status
Active
Size
3,294 SF
Property subtype
COMMERCIAL
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,354
Building Details
Building Size
3,294 SF
Year Built
1948
Buildings
1
Listing Agency:
Arizona Adobe Group Realty
Listed By:
Naomi McKeever · License #BR046878000
(928) 593-9468
Source:
Adobegr
Added: Sep 29
Changed: Oct 4
Last Checked: Oct 5 at 11:28PM
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 Arizona Adobe Group Realty
Investment Insights
Based on property information with market context.
Built in 1948, this mixed-use property combines a ground-floor retail space with a two-bedroom, one-bath apartment. The retail space is occupied by a tenant, with a renewal option extending through February 2031. The apartment has been repainted, its flooring refurbished, and new appliances installed. Utilities are included with the apartment.
Key Highlights
- Ground‑floor retail space is leased, with a tenant renewal option through February 2031
- Two‑bedroom, one‑bath apartment with utilities included
- Apartment has new paint and appliances, plus refurbished flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,101
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,142,020
$1.1M
Cap Rate 7%
$815,729
$815.7K
Cap Rate 9%
$634,456
$634.5K
Market Conditions
NOI Build-Up for 3,294 SF
Gross rent
$85.8K $26.04/SF
− Vacancy
−$4.2K −$1.28/SF
EGI
$81.6K $24.76/SF
− OpEx
−$24.5K −$7.43/SF
NOI
$57.1K $17.33/SF
Area
Yavapai County, AZ
Vacancy
4.90%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,142,020
Cap Rate 7%
$815,729
Cap Rate 9%
$634,456
Alternative Uses
Best Use
Retail
$815.7K
$713.8K – $951.7K
NOI $57,101 @ 7.0% cap · market cap 4.82%
Second Best
Mixed Use
$635.3K
$555.9K – $741.2K
NOI $44,469 @ 7.0% cap · market cap 3.75%
Theoretical Best
Warehouse
$1.10M
$965.6K – $1.29M
NOI $77,244 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
Explore this area
Business Placement
Demographics for 86326, AZ
24,465
Population
12,243
Households
2
Avg Household Size
49
Median Age
25%
College-Educated
91%
High-School Grad
45.5 sq mi
ZIP Area
538
Density / Sq Mi
$58,250
Median Household Income
$36,479
Median Earnings
$1,102
Median Rent
$312,400
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 Retail in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The residence has two bedrooms, one bath, refreshed flooring, new paint, and new appliances.
Where is this mixed-use property located?
The property is located at 1002 N MAIN Street Cottonwood, AZ.
What is the asking price?
The asking price for this property is $1,185,000.
What are key features of this property?
This property features: Ground‑floor retail space is leased, with a tenant renewal option through February 2031; Two‑bedroom, one‑bath apartment with utilities included; Apartment has new paint and appliances, plus refurbished flooring
