Flex Building With Roll-Up
For Sale
$499,000
4655 N COMMERCE Drive A, Sierra Vista, AZ 85635
Flexible commercial layout combines office areas, ADA restrooms, and a roll-up-access bay.
Property Size4,000 SF
Price / SF$124.75
Days on Market783
Property Features for 4655 N COMMERCE Drive A
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$5,623
Building Details
Year Built
2006
Building Size
4,000 SF
Listing Agency:
Sierra Vista Realty, Inc
(520) 227-6694
Listed By:
Bradley L Snyder · License #BR583095000
(520) 227-6694
Source:
Exitrealty
Added: Jul 9, 2024
Changed: Aug 30
Last Checked: Aug 30 at 1:46PM
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 Sierra Vista Realty, Inc
Investment Insights
Based on property information with market context.
Built in 2006, this 4,000-square-foot flex building combines multiple office rooms with ADA bathrooms and a large bay served by a roll-up door. The configuration supports a range of commercial applications within one property, with dedicated office and larger-volume workspace areas.
A 15KW solar system is installed on the roof and is sized to offset a portion of the building’s electric usage. The property is located at 4655 N Commerce Drive A in Sierra Vista, Arizona.
A 15KW solar system is installed on the roof and is sized to offset a portion of the building’s electric usage. The property is located at 4655 N Commerce Drive A in Sierra Vista, Arizona.
Key Highlights
- 4,000‑square‑foot flex building with multiple offices and a large bay
- Roll‑up door provides access to the large bay area
- ADA bathrooms included in the building layout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,576
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$611,520
$611.5K
Cap Rate 7%
$436,800
$436.8K
Cap Rate 9%
$339,733
$339.7K
Market Conditions
NOI Build-Up for 4,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.4K $12.60/SF
− Vacancy
−$9.6K −$2.41/SF
EGI
$40.8K $10.19/SF
− OpEx
−$10.2K −$2.55/SF
NOI
$30.6K $7.64/SF
Area
Cochise County, AZ
Vacancy
19.11%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$611,520
Cap Rate 7%
$436,800
Cap Rate 9%
$339,733
Alternative Uses
Best Use
Office B
$436.8K
$382.2K – $509.6K
NOI $30,576 @ 7.0% cap · market cap 6.13%
Second Best
Flex RnD
$431.5K
$377.5K – $503.4K
NOI $30,202 @ 7.0% cap · market cap 6.05%
Theoretical Best
Specialty Retail
$592.7K
$518.6K – $691.5K
NOI $41,490 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85635, AZ
35,095
Population
17,138
Households
2
Avg Household Size
41
Median Age
31%
College-Educated
92%
High-School Grad
68.1 sq mi
ZIP Area
515
Density / Sq Mi
$60,822
Median Household Income
$42,247
Median Earnings
$985
Median Rent
$218,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial layout combines office areas, ADA restrooms, and a roll-up-access bay.
Where is this flex space located?
The property is located at 4655 N COMMERCE Drive A Sierra Vista, AZ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 4,000‑square‑foot flex building with multiple offices and a large bay; Roll‑up door provides access to the large bay area; ADA bathrooms included in the building layout
