Flex Building with Finished
For Sale
Contact for pricing
6501 E 2nd Street, Prescott Valley, AZ 86314
Flex building combining finished office space with warehouse/shop/production area and ESFR sprinkler coverage.
Property Size9,951 SF
Lot Size1.84 Acres
Price / SF$250.23
Days on Market123
Property Features for 6501 E 2nd Street
General Information
Standard status
Active
Size
9,951 SF
Total Parking Spaces
35
Lot size
1.84 Acres
Property subtype
Industrial, Office
Investment Type
Owner/User
Additional Details
Sprinkler System
Yes
Amenities
security system
CCTV coverage
Listing Agency:
Kelly & Call Commercial
Listed By:
Kevin Call · License #AZ SA665484000
(928) 440-5450
Source:
Crexi
Added: May 6
Changed: Sep 3
Last Checked: Sep 5 at 1:33AM
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 Kelly & Call Commercial
Investment Insights
Based on property information with market context.
This flex building offers a blend of professional office space and industrial functionality. The property includes finished office space with a customer reception area, five private offices, a breakroom, and ADA-compliant restroom facilities. The remaining area is configured as warehouse/shop/production space, supported by comprehensive safety features including ESFR (Early Suppression Fast Response) sprinkler systems.
The facility is located at 6501 E. 2nd Street in Prescott Valley, Arizona, on a 1.84-acre site. Additional security is provided through advanced security systems and complete CCTV coverage throughout the property.
The office portion is designed for visitor intake and internal workspace, while the warehouse/shop/production area supports day-to-day operational needs. Overall, the layout is intended to accommodate companies requiring both an office presence and on-site industrial workspace in one building.
The facility is located at 6501 E. 2nd Street in Prescott Valley, Arizona, on a 1.84-acre site. Additional security is provided through advanced security systems and complete CCTV coverage throughout the property.
The office portion is designed for visitor intake and internal workspace, while the warehouse/shop/production area supports day-to-day operational needs. Overall, the layout is intended to accommodate companies requiring both an office presence and on-site industrial workspace in one building.
Key Highlights
- 9,960 SF flex building on 1.84 acres at 6501 E. 2nd Street in Prescott Valley
- 2,256 SF finished office space plus 7,695 SF warehouse/shop/production area for flexible use
- ESFR (Early Suppression Fast Response) sprinkler system with advanced security and complete CCTV coverage
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
$192,170
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
7.72%
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%
$3,843,400
$3.8M
Cap Rate 7%
$2,745,286
$2.7M
Cap Rate 9%
$2,135,222
$2.1M
Market Conditions
NOI Build-Up for 9,951 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
$289.0K $29.04/SF
− Vacancy
−$14.4K −$1.45/SF
EGI
$274.5K $27.59/SF
− OpEx
−$82.4K −$8.28/SF
NOI
$192.2K $19.31/SF
Area
Yavapai County, AZ
Vacancy
5.00%
Lease Rate
$29.04 /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%
$3,843,400
Cap Rate 7%
$2,745,286
Cap Rate 9%
$2,135,222
Alternative Uses
Best Use
Warehouse
$3.33M
$2.92M – $3.89M
NOI $233,349 @ 7.0% cap · market cap 9.37%
Second Best
Industrial
$2.75M
$2.40M – $3.20M
NOI $192,170 @ 7.0% cap · market cap 7.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 86314, AZ
39,461
Population
16,806
Households
2.3
Avg Household Size
44
Median Age
23%
College-Educated
89%
High-School Grad
26.6 sq mi
ZIP Area
1,483
Density / Sq Mi
$67,263
Median Household Income
$37,829
Median Earnings
$1,432
Median Rent
$363,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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- Lonesome Valley Hospitality — 2901 N Glassford Hill Rd, Prescott Valley, AZ 86314
Frequently Asked Questions
What type of property is this?
Flex space - Flex building combining finished office space with warehouse/shop/production area and ESFR sprinkler coverage.
Where is this flex space located?
The property is located at 6501 E 2nd Street Prescott Valley, AZ.
What is the asking price?
The asking price for this property is $2,490,000.
What are key features of this property?
This property features: 9,960 SF flex building on 1.84 acres at 6501 E. 2nd Street in Prescott Valley; 2,256 SF finished office space plus 7,695 SF warehouse/shop/production area for flexible use; ESFR (Early Suppression Fast Response) sprinkler system with advanced security and complete CCTV coverage
