Flex Building with Large
For Sale
$499,000
A-4655 N Commerce Dr, Sierra Vista, AZ 85635
A 4,000 SF flex building with multiple offices, ADA bathrooms, and a large roll-up door bay.
Property Size4,000 SF
Price / SF$124.75
Days on Market789
Property Features for A-4655 N Commerce Dr
General Information
Standard status
Active
Size
4,000 SF
Taxes and HOA fees
Annual Taxes
$5,623
Listing Agency:
Sierra Vista Realty, Inc
Listed By:
Bradley L Snyder · License #BR583095000
(520) 227-6694
Source:
Exprealty
Added: Jul 9, 2024
Changed: Sep 3
Last Checked: Sep 4 at 10:02AM
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 Sierra Vista Realty, Inc
Investment Insights
Based on property information with market context.
This flex building totals 4,000 square feet and includes multiple offices and ADA bathrooms. The property also features a large bay with a roll-up door, supporting a range of light commercial and operating needs. The roof has a 15KW solar system intended to offset a portion of electric usage.
The offering is located at A-4655 N Commerce Dr in Sierra Vista, AZ.
For convenience and tenant functionality, the building’s office buildout and roll-up bay provide distinct areas for administrative and operational activities within the same structure.
The offering is located at A-4655 N Commerce Dr in Sierra Vista, AZ.
For convenience and tenant functionality, the building’s office buildout and roll-up bay provide distinct areas for administrative and operational activities within the same structure.
Key Highlights
- 4,000 SF flex building with multiple offices
- Large bay with a roll‑up door
- ADA bathrooms on site
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
$30,576
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
6.13%
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%
$611,520
$611.5K
Cap Rate 7%
$436,800
$436.8K
Cap Rate 9%
$339,733
$339.7K
Market Conditions
NOI Build-Up for 4,000 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
$50.4K $12.60/SF
− Vacancy
−$9.6K −$2.41/SF
EGI
$40.8K $10.19/SF
− OpEx
−$10.2K −$2.55/SF
NOI
$30.6K $7.64/SF
Area
Cochise County, AZ
Vacancy
19.11%
Lease Rate
$12.60 /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%
$611,520
Cap Rate 7%
$436,800
Cap Rate 9%
$339,733
Alternative Uses
Best Use
Office B
$436.8K
$382.2K – $509.6K
NOI $30,576 @ 7.0% cap · market cap 6.13%
Second Best
Flex RnD
$431.5K
$377.5K – $503.4K
NOI $30,202 @ 7.0% cap · market cap 6.05%
Theoretical Best
Specialty Retail
$592.7K
$518.6K – $691.5K
NOI $41,490 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85635, AZ
35,095
Population
17,138
Households
2
Avg Household Size
41
Median Age
31%
College-Educated
92%
High-School Grad
68.1 sq mi
ZIP Area
515
Density / Sq Mi
$60,822
Median Household Income
$42,247
Median Earnings
$985
Median Rent
$218,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A 4,000 SF flex building with multiple offices, ADA bathrooms, and a large roll-up door bay.
Where is this flex space located?
The property is located at A-4655 N Commerce Dr Sierra Vista, AZ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 4,000 SF flex building with multiple offices; Large bay with a roll‑up door; ADA bathrooms on site
