Corner Shopping
For Sale
$2,995,000
280 S Main St, Cottonwood, AZ 86326
Class B retail center with monument signage, controlled HVAC, security systems, and on-site management along Main Street.
Property Size11,200 SF
Price / SF$267.41
Days on Market762
Property Features for 280 S Main St
General Information
Standard status
Active
Size
11,200 SF
Property subtype
General Commercial
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,990
Amenities
monument signage
tenant-controlled HVAC
security systems
on-site management
Central Air
3
Building Details
Year Built
2003
Listing Agency:
(928) 421-2561
Listed By:
Sedona Elite Properties
(928) 421-2561
Source:
Xome
Added: Jul 31, 2024
Changed: Aug 29
Last Checked: Aug 30 at 3:23PM
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 Sedona Elite Properties
Investment Insights
Based on property information with market context.
This Class B shopping center contains approximately 11,200 square feet across three separate parcels. The property occupies a corner position on Main Street and includes monument signage, tenant-controlled HVAC, security systems, and on-site management. Central air is also identified among the interior features.
The address is 280 S Main St in Cottonwood, Arizona. The property is positioned along a commercial corridor described as serving both vehicle and pedestrian traffic, providing exposure from its Main Street setting. Parcel numbers 406-41-028, 406-41-029, and 406-41-030 are associated with the offering.
The address is 280 S Main St in Cottonwood, Arizona. The property is positioned along a commercial corridor described as serving both vehicle and pedestrian traffic, providing exposure from its Main Street setting. Parcel numbers 406-41-028, 406-41-029, and 406-41-030 are associated with the offering.
Key Highlights
- Approximately 11,200 square feet of Class B shopping center space
- Corner position along Main Street in Cottonwood, AZ
- Property spans three parcels: 406‑41‑028, 406‑41‑029, and 406‑41‑030
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
$194,150
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
6.48%
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%
$3,883,000
$3.9M
Cap Rate 7%
$2,773,571
$2.8M
Cap Rate 9%
$2,157,222
$2.2M
Market Conditions
NOI Build-Up for 11,200 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
$291.6K $26.04/SF
− Vacancy
−$14.3K −$1.28/SF
EGI
$277.4K $24.76/SF
− OpEx
−$83.2K −$7.43/SF
NOI
$194.2K $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 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%
$3,883,000
Cap Rate 7%
$2,773,571
Cap Rate 9%
$2,157,222
Alternative Uses
Best Use
Retail
$2.77M
$2.43M – $3.24M
NOI $194,150 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.75M
$3.28M – $4.38M
NOI $262,638 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
73k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Dining 33%
Home Improvements & Furnishings 21%
Circle K
Shops & Services
25,367 visits/mo
0.3 miles
Dutch Bros. Coffee
Dining
18,692 visits/mo
0.5 miles
Verde Valley Hardware
Home Improvements & Furnishings
8,845 visits/mo
0.4 miles
Dollar General
Shops & Services
6,396 visits/mo
0.3 miles
Harbor Freight Tools
Home Improvements & Furnishings
5,116 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Class B retail center with monument signage, controlled HVAC, security systems, and on-site management along Main Street.
Where is this shopping center located?
The property is located at 280 S Main St Cottonwood, AZ.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Approximately 11,200 square feet of Class B shopping center space; Corner position along Main Street in Cottonwood, AZ; Property spans three parcels: 406‑41‑028, 406‑41‑029, and 406‑41‑030
