Commercial Suite in Plaza
For Sale
Contact for pricing
2155 SR 89A STE 103, Sedona, AZ 86336
Ground-floor commercial suite in Sedona's primary commercial corridor.
Property Size847 SF
Price / SF$288.08
Days on Market154
Property Features for 2155 SR 89A STE 103
General Information
Standard status
Active
Size
847 SF
Total Parking Spaces
75
Property subtype
Retail, Office
Zoning
CO
Building Details
Year Built
1983
Stories
1
Listing Agency:
McMahon & Miller Commercial Real Estate
(928) 399-9141
Listed By:
Padraic Hawley · License #BR527203000
Source:
Crexi
Added: Mar 11
Changed: Aug 8
Last Checked: Jul 17 at 9:29AM
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 McMahon & Miller Commercial Real Estate
Investment Insights
Based on property information with market context.
This 847 square foot ground-floor commercial suite is located in the Plaza West complex along State Route 89A, Sedona’s primary commercial corridor. The suite features an efficient layout that includes a reception area, multiple private offices, and an executive office with a private bathroom and walk-in shower. The property benefits from excellent visibility, convenient access, and ample on-site parking. It is suitable for professional, medical, or service-oriented businesses seeking a presence in West Sedona’s active business district.
Key Highlights
- Prime location on State Route 89A, Sedona's main commercial corridor.
- Ground‑floor suite with excellent visibility and convenient access.
- Efficient 847 SF layout with reception area and multiple private offices.
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
$11,683
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
4.79%
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%
$233,660
$233.7K
Cap Rate 7%
$166,900
$166.9K
Cap Rate 9%
$129,811
$129.8K
Market Conditions
NOI Build-Up for 847 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
$19.7K $23.28/SF
− Vacancy
−$4.1K −$4.89/SF
EGI
$15.6K $18.39/SF
− OpEx
−$3.9K −$4.60/SF
NOI
$11.7K $13.79/SF
Area
Coconino County, AZ
Vacancy
21.00%
Lease Rate
$23.28 /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%
$233,660
Cap Rate 7%
$166,900
Cap Rate 9%
$129,811
Alternative Uses
Best Use
Office B
$166.9K
$146.0K – $194.7K
NOI $11,683 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$234.2K
$204.9K – $273.2K
NOI $16,391 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,255
Businesses Nearby
Explore this area
Business Placement
Demographics for 86336, AZ
11,125
Population
8,066
Households
1.4
Avg Household Size
62
Median Age
51%
College-Educated
95%
High-School Grad
203.7 sq mi
ZIP Area
55
Density / Sq Mi
$65,000
Median Household Income
$34,981
Median Earnings
$1,456
Median Rent
$705,300
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?
Office units - Ground-floor commercial suite in Sedona's primary commercial corridor.
Where is this office units located?
The property is located at 2155 SR 89A STE 103 Sedona, AZ.
What is the asking price?
The asking price for this property is $244,000.
What are key features of this property?
This property features: Prime location on State Route 89A, Sedona's main commercial corridor.; Ground‑floor suite with excellent visibility and convenient access.; Efficient 847 SF layout with reception area and multiple private offices.
