624 W Gurley Street, Prescott, AZ 86305
Attractive office building with covered tenant parking and paved customer parking under long-term NNN leases.
- Added:
- Apr 23, 2026
- Days on Market:
- 55
- Last Refresh:
- Jun 14 at 1:55 am
Property Features for 624 W Gurley Street
General Information
- Standard status
- Active
- Size
- 5,990 SF
- Property subtype
- Office
Building Details
- Year Built
- 1955
Listing agent Chad Baucom License #40098236
Listing office Village Realty (218) 263-8877
Listing date Apr 23, 2026
Source Xome
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 Village Realty
HighLights
- Well‑maintained office building built in 1955
- NNN leases with long‑term tenants
- Tenant parking: 7 covered spaces
- Customer parking: 12 paved spaces plus 19 total paved parking spaces
- Gas cooling and heating (Heating: 3)
Overview
Located just blocks from downtown Prescott, the building benefits from an established, walkable commercial setting. Parking capacity is a key component of the site plan, with seven covered tenant spaces and twelve paved customer spaces available on site.
For tenants and buyers seeking an office asset with practical on-site parking and stabilized, long-term occupancy, this property presents a straightforward fit. The NNN lease structure may appeal to those looking to align operating-cost responsibility with the tenant, while the maintained condition can reduce near-term questions about building upkeep.
Local Financial Insights For Office B
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 | $139.4k | $23.28 |
| − Vacancy | −$23.3k | −$3.89 |
| EGI | $116.2k | $19.39 |
| − OpEx | −$29.0k | −$4.85 |
| NOI | $87.1k | $14.54 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Prescott
- County
- Yavapai
- State
- Arizona
- Longitude
- -112.4775671
- Latitude
- 34.542476
