Two-Building Retail
For Sale
Contact for pricing
1297 E Gurley St, Prescott, AZ 86303
BG-zoned commercial property with two retail buildings and additional land supporting redevelopment or repurposing.
Property Size5,392 SF
Lot Size1.38 Acres
Price / SF$367.03
Days on Market835
Property Features for 1297 E Gurley St
General Information
Standard status
Active
Size
5,392 SF
Lot size
1.38 Acres
Property subtype
Retail
Zoning
BG
Occupancy
50%
Lease Type
NN
Investment Type
Redevelopment
Net Operating Income
$39,338
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1979
Buildings
2
Stories
1
Units
2
Tenancy
Single
Listing Agency:
Invest Southwest Commercial Real Estate
Listed By:
Sandra Shaffer · License #AZ BR102761000
(928) 899-3111
Source:
Crexi
Added: Jul 3, 2024
Changed: Oct 14
Last Checked: Oct 14 at 8:41PM
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 Invest Southwest Commercial Real Estate
Investment Insights
Based on property information with market context.
This BG-zoned retail property spans approximately 1.38 acres and includes two retail buildings. One structure is occupied by Koko Grill under a lease running through 8/28/25, with two 5-year renewal options and 3% annual escalations. The second building contains 1,385 SF and is vacant, providing an existing structure for repurposing or redevelopment. The property was built in 1979.
The site is positioned at the junction of State Route 89, State Route 69, Gurley Street, and Sheldon Street in Prescott. These routes connect the property with Downtown Prescott and surrounding commercial areas. Business General zoning supports a range of commercial and residential uses identified in the source information, including retail and multifamily.
The site is positioned at the junction of State Route 89, State Route 69, Gurley Street, and Sheldon Street in Prescott. These routes connect the property with Downtown Prescott and surrounding commercial areas. Business General zoning supports a range of commercial and residential uses identified in the source information, including retail and multifamily.
Key Highlights
- Approximately 1.38‑acre parcel with two retail buildings
- Koko Grill lease runs through 8/28/25 with two 5‑year options
- Lease includes 3% annual escalations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,469
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,869,380
$1.9M
Cap Rate 7%
$1,335,271
$1.3M
Cap Rate 9%
$1,038,544
$1.0M
Market Conditions
NOI Build-Up for 5,392 SF
Gross rent
$140.4K $26.04/SF
− Vacancy
−$6.9K −$1.28/SF
EGI
$133.5K $24.76/SF
− OpEx
−$40.1K −$7.43/SF
NOI
$93.5K $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%
$1,869,380
Cap Rate 7%
$1,335,271
Cap Rate 9%
$1,038,544
Alternative Uses
Best Use
Retail
$1.34M
$1.17M – $1.56M
NOI $93,469 @ 7.0% cap · market cap 4.72%
Second Best
Specialty Retail
$1.02M
$896.1K – $1.19M
NOI $71,690 @ 7.0% cap · market cap 3.62%
Theoretical Best
Warehouse
$1.81M
$1.58M – $2.11M
NOI $126,441 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 86303, AZ
18,201
Population
12,255
Households
1.5
Avg Household Size
61
Median Age
41%
College-Educated
96%
High-School Grad
107.2 sq mi
ZIP Area
170
Density / Sq Mi
$68,656
Median Household Income
$44,428
Median Earnings
$1,309
Median Rent
$502,400
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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Similar Off Market Nearby
- Florian — 117 E Gurley St Suite 110, Prescott, AZ 86301
Frequently Asked Questions
What type of property is this?
Storefront property - BG-zoned commercial property with two retail buildings and additional land supporting redevelopment or repurposing.
Where is this storefront property located?
The property is located at 1297 E Gurley St Prescott, AZ.
What is the asking price?
The asking price for this property is $1,979,000.
What are key features of this property?
This property features: Approximately 1.38‑acre parcel with two retail buildings; Koko Grill lease runs through 8/28/25 with two 5‑year options; Lease includes 3% annual escalations
