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    The Largest CRE Database in the US with Over 1 Million Listings

    3581 Great Western Dr Prescott Valley, AZ 86314

    Sponsored
    For Lease
    $15 SF/Yr ($6,059 /Mo)

    Prime Prescott Valley Flex Space - 4,691 SF

    Lot size:
    4,691 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional 4,691-square-foot flex space, situated on a 1-acre lot within the thriving Prescott Valley submarket, presents a unique investment opportunity. Built in 1997, this single-story industrial building boasts a versatile layout ideal for a variety of uses, particularly automotive-related businesses. The property features 2,004 square feet of enclosed space, complemented by 2,687 square feet of covered outdoor area, including three detail bays. The interior includes a lobby, office, bathroom, and storage. The building is equipped with significant power (800 Amps/240V), an air compressor, and a new motor and water system. A 110-foot tunnel is a key feature, along with LED lighting. Note that a propane tank is needed for full operation. The property's strategic location benefits from significant residential development nearby, including the construction of 110 apartments directly across the street and the Trilogy Residences, a 385-unit rental townhome community, just a short distance away. The C2-3 zoning provides flexibility for various business types. The expansive 46,354-square-foot lot offers ample space for expansion or future development. This property is currently vacant and ready for immediate occupancy. This is a rare opportunity to acquire a well-located, functional industrial space in a rapidly growing area.

    Property Features for 3581 Great Western Dr

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,691 SF
    Total Rate
    6059.21

    Building Details

    Year Built
    1997
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    4,691 SF
    Rate per SF
    $15

    We can help!

    Listing Contact
    Matthew Fish
    Matthew Fish

    Learn more

    Property Insight Report

    HighLights

    • 4,691 SF single‑tenant flex industrial building in Prescott Valley.
    • 1‑acre lot with 46,354 square feet of land.
    • 1997 construction, one‑story building.
    • C2‑3 zoning.
    • Features include 2,004 SF interior space, 2,687 SF covered exterior space, three detail bays, LED lighting, 110' tunnel, 800 amp/240V power, air compressor, and new motor and water system.
    • Includes lobby, office, bathroom, and storage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Copper Hills Car ... Car Wash

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Prescott Valley
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.36234573411
    Latitude
    34.581024196455

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    FAQs

    What type of property is this?
    Flex space - Prime Prescott Valley Flex Space - 4,691 SF
    Where is this flex space located?
    The property is located at 3581 Great Western Dr Prescott Valley, AZ.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 4,691 SF single-tenant flex industrial building in Prescott Valley.; 1-acre lot with 46,354 square feet of land.; 1997 construction, one-story building.
    Request Owner's contact information
    3581 Great Western Dr Prescott Valley, AZ 86314
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3581 Great Western Dr Prescott Valley, AZ 86314
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    We can help!
    Listing Contact
    Matthew Fish
    Matthew Fish
    Real Estate License ID: AZ BR626105000
    Learn more
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