Fully Occupied Retail Investment
2517 North Great Western Drive Prescott Valley, AZ 86314
2517 North Great Western Drive, Prescott Valley, AZ, 86314
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For Sale
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High-visibility retail property with strong return in growing Arizona market.
Property Size6,345 SF
Price / SF$215.13
Days on Market52
Property Features for 2517 North Great Western Drive
General Information
- Standard status
- Active
- Size
- 6,345 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 2000
Listing Agency
Arizona Commercial Real Estate
(480) 309-1089
Listed by
Matthew Fish · License #BR626105000
Source
Crexi
Added: May 26 Checked: Jul 16 at 5:35 am
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 Commercial Real Estate
Investment Insights
Based on property information with market context.
This fully occupied retail property offers a 7% cap rate. Its location provides high visibility and easy highway access, complemented by a mix of established service businesses in the surrounding area. The property is situated in Prescott Valley, which is projected to grow, adding over 12,200 residents by 2040 and is projected to remain the largest municipality in Yavapai County. County retail sales reached $3.11 billion in 2025, with the restaurant and hospitality industries posting record highs annually from 2021 through 2025. The property contains 6,345 square feet of retail space.
Key Highlights
- 7% Cap Rate: Offers a strong return on investment.
- High Visibility and Easy Highway Access: Provides convenient accessibility for customers and tenants.
- Located in a Dynamic Corridor: Situated in a rapidly growing area of Northern Arizona.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $165.2k | $26.04 |
| − Vacancy | −$8.1k | −$1.28 |
| EGI | $157.1k | $24.76 |
| − OpEx | −$47.1k | −$7.43 |
| NOI | $110.0k | $17.33 |
6,345 SF · lease $26.04/SF/yr · vacancy 4.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.57M
$1.37M – $1.83M
NOI $109,989 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.13M
$1.86M – $2.48M
NOI $148,789 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Rahul Reddy
Ophthalmologist
Associated Retina Consultants
Ophthalmologist
Prescott DermaLift Clinic
Medical Clinic
Cedars Housing Logo
Apartment Building
Mortenson Steven W ...
Ophthalmologist
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FAQs
What type of property is this?
Retail property - High-visibility retail property with strong return in growing Arizona market.
Where is this retail property located?
The property is located at 2517 North 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: 7% Cap Rate: Offers a strong return on investment.; High Visibility and Easy Highway Access: Provides convenient accessibility for customers and tenants.; Located in a Dynamic Corridor: Situated in a rapidly growing area of Northern Arizona.
