Prescott Valley Duplex
For Sale
$475,000
8501 East Leigh Drive, Prescott Valley, AZ 86314
Well-maintained duplex with strong rental history in central Prescott Valley.
Property Size2,161 SF
Price / SF$219.81
Days on Market150
Property Features for 8501 East Leigh Drive
General Information
Standard status
Active
Size
2,161 SF
Property subtype
Residential Income
Zoning
MF
Taxes and HOA fees
Annual Taxes
$1,879
Amenities
Ceiling Fan(s), Central Refriger
Forced - Gas, Natural Gas
Carpet, Tile
Asphalt
1.0
Fence, Balcony
Building Details
Year Built
2003
Buildings
1
Listing Agency:
Realty ONE Group Mountain Desert
(928) 583-4040
Listed By:
Alexander Halenka · License #SA681665000
(928) 583-4040
Source:
Compass
Added: Mar 27
Changed: Aug 23
Last Checked: Aug 3 at 12:15PM
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.
Located in central Prescott Valley, the property at 8501 East Leigh Drive presents a duplex suitable for investors or owner-occupants. The property has been well-maintained. Each of the two units offers 1,080 square feet of living space, featuring two bedrooms, two bathrooms, and a one-car garage. Recent upgrades include a new roof installed in 2024 and new carpet in both units. The property is set back from neighboring homes via a long, secluded driveway, providing privacy. The property is located close to schools, parks, shopping, and dining options. Unit B is available for showings, and Unit A may be shown upon an accepted contract. Both units have an identical layout, condition, and quality. The property offers location, condition, privacy, and long-term value.
Key Highlights
- Premier duplex in central Prescott Valley, ideal for investors or owner‑occupants.
- Strong rental history with quality tenants and recent upgrades, including a new roof in 2024 and new carpet in both units.**
- Unique private setting on a long, secluded driveway, offering peace and separation.
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
$24,742
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
5.21%
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%
$494,840
$494.8K
Cap Rate 7%
$353,457
$353.5K
Cap Rate 9%
$274,911
$274.9K
Market Conditions
NOI Build-Up for 2,161 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
$37.6K $17.40/SF
− Vacancy
−$2.3K −$1.04/SF
EGI
$35.3K $16.36/SF
− OpEx
−$10.6K −$4.91/SF
NOI
$24.7K $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%
$494,840
Cap Rate 7%
$353,457
Cap Rate 9%
$274,911
Alternative Uses
Best Use
Multifamily LT 5
$353.5K
$309.3K – $412.4K
NOI $24,742 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$329.1K
$287.9K – $383.9K
NOI $23,034 @ 7.0% cap · market cap 4.85%
Theoretical Best
Warehouse
$723.9K
$633.4K – $844.6K
NOI $50,675 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
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 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 - Well-maintained duplex with strong rental history in central Prescott Valley.
Where is this duplex located?
The property is located at 8501 East Leigh Drive Prescott Valley, AZ.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Premier duplex in central Prescott Valley, ideal for investors or owner‑occupants.; Strong rental history with quality tenants and recent upgrades, including a new roof in 2024 and new carpet in both units.**; Unique private setting on a long, secluded driveway, offering peace and separation.
