Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6657 Az-179 Sedona, AZ 86351

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6657 Az-179 Sedona, AZ 86351

    View on Map
    • Lifestyle centers
    • 6.52 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 6657 Az-179

    Year built
    1990
    Lot size
    6.52 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 5-building, 6.52-acre shopping center in Sedona, Arizona, presents a compelling value-add investment opportunity. Located at a high-traffic hard corner on SR-179, the property boasts excellent visibility and is anchored by a brand-new Element by Westin hotel. The 53,304 square foot center, built in 1990 and renovated in 2019, features a strong tenant roster including Verizon and Famous Footwear, all under long-term leases, generating a substantial net operating income (NOI) of $1,100,000. Significant upside potential exists through leasing the remaining vacant space and the development or ground lease of a 3-acre parcel on the east side of the property, which offers potential for a drive-thru. The property is zoned commercial and has a Yavapai County APN of 405-41-077-M. With over 800 hotel rooms within 1.5 miles, this property benefits from a robust tourism-driven market and offers a unique blend of established tenants and future development possibilities. This is a rare chance to acquire a well-positioned retail center in the heart of Sedona's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sedona
    County
    Yavapai
    State
    Arizona
    Longitude
    -111.762
    Latitude
    34.7778

    Comparable in this City

    • Value Estimation by Request
      3.28 Acres

      100 Verde Vly School Rd

      SHOPPING CENTER, STRIP CENTER • 3.28 Acres
      100 Verde Vly School Rd, Sedona, AZ 86351-9053
      View Details
    • Value Estimation by Request
      3,600 SF

      100 Verde Vly School Rd

      SHOPPING CENTER, STRIP CENTER • 3,600 SF
      100 Verde Vly School Rd, Sedona, AZ 86351-9053
      View Details
    • Value Estimation
      $1,075,000
      27,328 SF

      100 Verde Vly School Rd

      SHOPPING CENTER, STRIP CENTER • 27,328 SF
      100 Verde Vly School Rd, Sedona, AZ 86351-9053
      View Details
    • Value Estimation by Request
      8,400 SF

      100 Verde Vly School Rd

      SHOPPING CENTER, STRIP CENTER • 8,400 SF
      100 Verde Vly School Rd, Sedona, AZ 86351-9053
      View Details
    • Value Estimation by Request
      2,520 SF

      100 Verde Vly School Rd

      SHOPPING CENTER, STRIP CENTER • 2,520 SF
      100 Verde Vly School Rd, Sedona, AZ 86351-9053
      View Details
    • Value Estimation
      $4,150,000
      15,213 SF

      6657 State Rte 179

      RETAIL STORES (PERSONAL SERVICES) • 15,213 SF
      6657 State Rte 179, Sedona, AZ 86351-8994
      View Details

    Similar Nearby for Sale

    • $299,500
      0.93 Acres

      Sedona Land with Panoramic Views

      Premium lot with expansive views and National Forest access.
      25 Pinto Ln, Sedona, AZ 86351
      View Details
    • $308,000

      Sedona Land Parcel For Sale

      Land parcel available in Sedona, Arizona.
      135 Crystal Sky Dr, Sedona, AZ 86351
      View Details
    • New
      $1,100,000
      Pending

      Updated Triplex Near Golf Course

      Recently updated triplex with golf course views in Sedona.
      345 Fairway Oaks Dr, Sedona, AZ 86351
      View Details
    • $839,999

      Sedona Land For Sale

      Land available across from Rancho Del Oro Road.
      2727 Verde Valley School Rd, Sedona, AZ 86351
      View Details
    • $194,900
      0.23 Acres

      Land in Village of Oak Creek

      Land parcel in Village of Oak Creek for dream home.
      150 Pebble Dr, Sedona, AZ 86351
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6657 Az-179
    Sedona, AZ 86351
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!