Three-Building Manufacturing
For Sale
$10,250,000
9500 E Lorna Lane, Prescott Valley, AZ 86314
Commercial Sale, Prescott Valley, AZ
Property Size30,554 SF
Lot Size2.90 Acres
Price / SF$335.47
Days on Market166
Property Features for 9500 E Lorna Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IG
Zoning description
industrial; general
Parking
75
Interior features
Fire/Smoke Detector
Exterior features
Handicap Access
Accessibility
Accessible Approach with Ramp
Lot features
Landscaped, Sprinklers In Front
Directions
Highway 69 east, left on Mendicino, right on Lorna Lane
Standard status
Active
Lot size
2.90 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W2 LOT 22 PRESCOTT VALLEY BUSINESS PARK SEC 19-14-1E 2657/112
Legal Description
W2 LOT 22 PRESCOTT VALLEY BUSINESS PARK SEC 19-14-1E 2657/112
Utilities
Utilities
Phone Available
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
1996
Floors in Building
2
Number of units
3
Flooring type
Carpet, Concrete
Building materials
Steel Frame
Roof type
Metal
Listing Agency:
Arizona Commercial
(928) 515-1223
Listed By:
Matthew Fish
(480) 309-1089
Added: May 7
Changed: Oct 15
Last Checked: Oct 19 at 12:06AM
MLS# 1081789
Copyright © 2026 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This industrial campus comprises three buildings across three contiguous parcels totaling 2.9 acres. The improvements include classroom areas, a gymnasium, commercial kitchen, administrative offices, and dedicated rooms that support varied manufacturing or institutional configurations. Full HVAC, fire sprinklers, security glass, handicap access, a metal roof, and steel-frame construction are in place. Flooring includes carpet and concrete, with central air and heat pump heating serving the property.
The site carries IG, or General Industrial, zoning, with the source information identifying manufacturing, wholesale, and commercial uses. A 2-to-1 parking ratio is provided. The existing room layout and combination of operational, administrative, and assembly spaces offer a substantial built-in framework for industrial or institutional occupancy.
The site carries IG, or General Industrial, zoning, with the source information identifying manufacturing, wholesale, and commercial uses. A 2-to-1 parking ratio is provided. The existing room layout and combination of operational, administrative, and assembly spaces offer a substantial built-in framework for industrial or institutional occupancy.
Key Highlights
- 2.9‑acre campus spanning three contiguous parcels
- Three‑building layout with classrooms, gymnasium, commercial kitchen, and administrative offices
- IG General Industrial zoning supports manufacturing, wholesale, and commercial uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$590,047
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,800,940
$11.8M
Cap Rate 7%
$8,429,243
$8.4M
Cap Rate 9%
$6,556,078
$6.6M
Market Conditions
NOI Build-Up for 30,554 SF
Gross rent
$887.3K $29.04/SF
− Vacancy
−$44.4K −$1.45/SF
EGI
$842.9K $27.59/SF
− OpEx
−$252.9K −$8.28/SF
NOI
$590.0K $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 Rate 5%
$11,800,940
Cap Rate 7%
$8,429,243
Cap Rate 9%
$6,556,078
Alternative Uses
Best Use
Industrial
$8.43M
$7.38M – $9.83M
NOI $590,047 @ 7.0% cap · market cap 5.76%
Second Best
Healthcare Medical
$7.11M
$6.22M – $8.30M
NOI $497,769 @ 7.0% cap · market cap 4.86%
Theoretical Best
Warehouse
$10.24M
$8.96M – $11.94M
NOI $716,485 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
198
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial campus with classrooms, gymnasium, kitchen, offices, HVAC, and fire sprinklers across three contiguous parcels.
Where is this manufacturing property located?
The property is located at 9500 E Lorna Lane Prescott Valley, AZ.
What is the asking price?
The asking price for this property is $10,250,000.
What are key features of this property?
This property features: 2.9‑acre campus spanning three contiguous parcels; Three‑building layout with classrooms, gymnasium, commercial kitchen, and administrative offices; IG General Industrial zoning supports manufacturing, wholesale, and commercial uses
