Storefront Office with Covered
For Sale
$345,000
815 S Dunivin Lane, Dewey, AZ 86327
Storefront commercial property with two private offices, reception area with fireplace, and on-site parking.
Property Size1,090 SF
Price / SF$316.51
Days on Market186
Property Features for 815 S Dunivin Lane
General Information
Standard status
Active
Size
1,090 SF
Total Parking Spaces
4
Property subtype
Commercial
Zoning
C-2
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$1,992
Building Details
Building Size
1,090 SF
Year Built
1958
Buildings
1
Stories
1
Units
1
Listing Agency:
Realty ONE Group Mountain Desert
(623) 552-9053
Listed By:
Christopher Bratt · License #SA036107000
(623) 552-9053
Source:
Sunhaven-realestate
Added: Feb 20
Changed: Aug 24
Last Checked: Aug 14 at 7:10AM
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 Mountain Desert
Investment Insights
Based on property information with market context.
This 1,090 sq ft storefront commercial property features a rustic stone exterior, a metal roof, and a covered entry. The interior includes two private offices, a welcoming reception area with a stone fireplace, plus a kitchenette and bathroom. Additional exterior utility is provided by a fenced back yard.
Located at a high-traffic junction of Highways 69 & 169 in Dewey, the property offers strong exposure and easy access for day-to-day operations. Ample on-site parking supports convenient customer and employee arrival.
With its combination of office-oriented rooms and a retail/service-friendly layout, the space is well suited for office, retail, or service use.
Located at a high-traffic junction of Highways 69 & 169 in Dewey, the property offers strong exposure and easy access for day-to-day operations. Ample on-site parking supports convenient customer and employee arrival.
With its combination of office-oriented rooms and a retail/service-friendly layout, the space is well suited for office, retail, or service use.
Key Highlights
- 1,090 sq ft commercial property built in 1958 with a metal roof and rustic stone exterior
- Interior layout includes two private offices, a reception area, kitchenette, and bathroom
- Reception area features a stone fireplace
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
$15,853
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
4.60%
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%
$317,060
$317.1K
Cap Rate 7%
$226,471
$226.5K
Cap Rate 9%
$176,144
$176.1K
Market Conditions
NOI Build-Up for 1,090 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
$25.4K $23.28/SF
− Vacancy
−$4.2K −$3.89/SF
EGI
$21.1K $19.39/SF
− OpEx
−$5.3K −$4.85/SF
NOI
$15.9K $14.54/SF
Area
Yavapai County, AZ
Vacancy
16.70%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
25.00%
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%
$317,060
Cap Rate 7%
$226,471
Cap Rate 9%
$176,144
Alternative Uses
Best Use
Office B
$226.5K
$198.2K – $264.2K
NOI $15,853 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$365.1K
$319.5K – $426.0K
NOI $25,560 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 86327, AZ
11,530
Population
6,544
Households
1.8
Avg Household Size
61
Median Age
20%
College-Educated
93%
High-School Grad
256.6 sq mi
ZIP Area
45
Density / Sq Mi
$70,375
Median Household Income
$41,334
Median Earnings
$1,462
Median Rent
$359,700
Median Home Value
Market
Vacancy Rate% for Office 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?
Office building - Storefront commercial property with two private offices, reception area with fireplace, and on-site parking.
Where is this office building located?
The property is located at 815 S Dunivin Lane Dewey, AZ.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 1,090 sq ft commercial property built in 1958 with a metal roof and rustic stone exterior; Interior layout includes two private offices, a reception area, kitchenette, and bathroom; Reception area features a stone fireplace
