Fully Leased
For Sale
Contact for pricing
571 Siesta Street, Clarkdale, AZ 86324
Two-unit residential property with current occupancy and R3 zoning.
Property Size2,084 SF
Price / SF$335.41
Days on Market45
Property Features for 571 Siesta Street
General Information
Standard status
Active
Size
2,084 SF
Property subtype
Multifamily
Zoning
R3
Occupancy
100%
Net Operating Income
$49,589
Additional Details
Multifamily Units
2
Building Details
Year Built
2023
Units
2
Listing Agency:
Realty ONE Group
(928) 592-3588
Listed By:
McKenzie Banuelos · License #SA716468000
Source:
Crexi
Added: Jul 16
Changed: Aug 29
Last Checked: Aug 29 at 2:37PM
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 Realty ONE Group
Investment Insights
Based on property information with market context.
This duplex contains 2,084 square feet across two residential units and was constructed in 2023. The property is currently 100% leased, providing an in-place occupancy profile for a residential income buyer.
Located at 571 Siesta Street in Clarkdale, Arizona, the property carries R3 zoning. Its two-unit configuration and recent construction define the asset’s primary physical characteristics.
Located at 571 Siesta Street in Clarkdale, Arizona, the property carries R3 zoning. Its two-unit configuration and recent construction define the asset’s primary physical characteristics.
Key Highlights
- 100% leased duplex
- 2,084 square feet of building area
- Constructed in 2023
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
$23,860
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
3.41%
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%
$477,200
$477.2K
Cap Rate 7%
$340,857
$340.9K
Cap Rate 9%
$265,111
$265.1K
Market Conditions
NOI Build-Up for 2,084 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
$36.3K $17.40/SF
− Vacancy
−$2.2K −$1.04/SF
EGI
$34.1K $16.36/SF
− OpEx
−$10.2K −$4.91/SF
NOI
$23.9K $11.45/SF
Area
Yavapai County, AZ
Vacancy
6.00%
Lease Rate
$17.40 /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%
$477,200
Cap Rate 7%
$340,857
Cap Rate 9%
$265,111
Alternative Uses
Best Use
Multifamily LT 5
$340.9K
$298.3K – $397.7K
NOI $23,860 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$317.3K
$277.7K – $370.2K
NOI $22,213 @ 7.0% cap · market cap 3.18%
Theoretical Best
Warehouse
$698.1K
$610.9K – $814.5K
NOI $48,869 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Explore this area
Business Placement
Demographics for 86324, AZ
4,544
Population
2,593
Households
1.8
Avg Household Size
54
Median Age
24%
College-Educated
97%
High-School Grad
259.8 sq mi
ZIP Area
17
Density / Sq Mi
$32,637
Median Household Income
$28,026
Median Earnings
$897
Median Rent
$345,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with current occupancy and R3 zoning.
Where is this duplex located?
The property is located at 571 Siesta Street Clarkdale, AZ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 100% leased duplex; 2,084 square feet of building area; Constructed in 2023
