SOLD 03/15/2021
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Commercial sold for $1,085,000 in 700 days
2782 W State Route 89a Sedona, AZ, 86336
Neighborhood: Commercial OnlyOff the market Commercial
One of a kind old western style office building on Highway 89A in West Sedona. Ten professional suites plus an upstairs apartment overlooking a landscaped courtyard with trees and a fish pond. 100% occupancy for the last 7 years. Apartment normally gets rented before becoming vacant. Five restrooms in all. Owner increases rents 3% annually. New financing is available. Existing tenants are professionals and small businesses. See ''Documents'' for financial details. At the $1,085,000 asking price the cap rate is 7.02%. The owner does his own management and maintenance. Local management is also available. Year ending 9-30-20; 12 month Income and Expense Summary:
Gross Annual Income: $100,248
Minus Vacancy Factor: 0%
Adjusted Gross Income: $100,248
Annual Expenses:
Water 917
Sewer 1,378
Gas 1,021
Electric 585
Trash 1,512
Repairs & Upgrades 4,010 (4.0%)
Taxes (Real Estate) 8,878
Taxes (Rental) 3,507 (3.5%)
Insurance 2,253
Total annual expenses:
$24,061
$76,187 Net Operating Income
At the asking price of $1,085,000 the property is showing a cap rate of 7.02%.
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Property details
1981 year built
Price per sqft
$239/sqft
Address
2782 W State Route 89a, Sedona, AZ, 86336
City of Arizona
Sedona
County
Yavapai
Year Built
1981
Neighborhood
Commercial Only
District
West Sedona
Nearby major retailers
Safeway
Whole Foods Market
Supermarket: 2
Show more
Interior Features
Concrete, Laminate, Other - See Remarks, Sheet Vinyl, Tile, Wood floors
Baths
None
Floor Covering
Concrete, Laminate, Other - See Remarks, Sheet Vinyl, Tile, Wood
Amenities
Evaporative, Individual AC, Landscape, Patio/Deck, Sprinkler/Drip, Heat Pump, Wall Heater
Listed by
Rick Rosenzweig, Sound Investments
Name
Rick Rosenzweig
License number
BR004344000
Brokerage company
Sound Investments
MLS #
519497
Buyer agent
Name
Mike King
Brokerage company
eXp Realty
(650) 245-7430
(650) 245-7430
Payment calculator
Calculate your monthly payments
Mortgage
$3,332
Taxes
$0
HOA dues
$0
Mortgage
$217,000 / 20%
2.28%
30 years
Your amount
$3,332 / month
Exterior Features
Block, Frame - Wood construction and more
Construction
Block, Frame - Wood
Pool
No
Lot details
TMK #40824106
Parcel nr.
40824106
Commercial Only neighborhood info
Essentials nearby
Neighborhood stats
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
—
no data
People living in Commercial Only
19%
Families with children
National average: 39%
35%
Non family households
17,019
Population
$100,389
Average Income
Age & gender
Median age 59 years
More info
Commute types
66% commute by car
More info
Education level
27% have bachelor education
More info
Number of employees
16% work in management
More info
Vehicles available
46% have 2 vehicle
More info
Vehicles by gender
46% have 2 vehicle
More info
Housing market insights for
$1.05m
Neighborhood average
sales price*
sales price*
$943.9k
Neighborhood median
sales price*
sales price*
149
Number
of sales*
of sales*
Housing type
71% are single detacheds
More info
Rooms
36% of the houses have 4 or 5 rooms
More info
Bedrooms
81% have 2 or 3 bedrooms
More info
Owners vs Renters
74% are owners
More info
Schools
15 schools with rating up to 5
| School rating | Distance | |
|---|---|---|
|
Montezuma School
P.O. Box 428,
Cottonwood, AZ 86326
Elementary School |
5.268mi | |
|
Montezuma School
P.O. Box 428,
Cottonwood, AZ 86326
Middle School |
5.268mi | |
|
Montezuma School
P.O. Box 428,
Cottonwood, AZ 86326
High School |
5.268mi | |
| School rating | Distance | |
|---|---|---|
|
Montezuma School
P.O. Box 428,
Cottonwood, AZ 86326
|
5.268mi | |
|
Oak Creek School
11490 Purple Sage,
Cornville, AZ 86325
|
10.001mi | |
|
Desert Star Community School
1240 S. Recycler Rd.,
Cornville, AZ 86325
|
11.062mi | |
|
Verde Valley Seventh-Day Adventist School
Po Box 1810,
Cottonwood, AZ 86326
|
14.267mi | |
| out of 10 |
American Heritage Academy
2030 E. Cherry St.,
Cottonwood, AZ 86326
|
14.368mi |
| School rating | Distance | |
|---|---|---|
|
Montezuma School
P.O. Box 428,
Cottonwood, AZ 86326
|
5.268mi | |
|
Oak Creek School
11490 Purple Sage,
Cornville, AZ 86325
|
10.001mi | |
|
Desert Star Community School
1240 S. Recycler Rd.,
Cornville, AZ 86325
|
11.062mi | |
|
Verde Valley Seventh-Day Adventist School
Po Box 1810,
Cottonwood, AZ 86326
|
14.267mi | |
| out of 10 |
American Heritage Academy
2030 E. Cherry St.,
Cottonwood, AZ 86326
|
14.368mi |
| School rating | Distance | |
|---|---|---|
|
Montezuma School
P.O. Box 428,
Cottonwood, AZ 86326
|
5.268mi | |
| out of 10 |
American Heritage Academy
2030 E. Cherry St.,
Cottonwood, AZ 86326
|
14.368mi |
|
Vacte - Clarkdale Jerome School District
830 South Main St,
Cottonwood, AZ 86326
|
14.716mi | |
|
Vacte - Valley Academy For Career And Technology E
830 South Main St,
Cottonwood, AZ 86326
|
14.724mi | |
|
New Visions Academy
125 South 6th St,
Cottonwood, AZ 86326
|
14.914mi | |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Mar 15, 2021
Commercial Only Median sales price 2024
| Bedrooms | Med. price | % of listings |
|---|---|---|
| No data for selected period | ||
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Mar 15, 2021 | Sold | $1,085,000 | 239.62 | Public Record |
| Mar 11, 2021 | Pending | $1,085,000 | 239.62 | MLS #519497 |
| Feb 9, 2021 | Active - Contingent Remove | $1,085,000 | 239.62 | MLS #519497 |
| Oct 2, 2020 | Price Decrease | $1,085,000 -0.46% | 239.62 | MLS #519497 |
| Feb 23, 2020 | Price Decrease | $1,090,000 -3.96% | 240.72 | MLS #519497 |
| Apr 16, 2019 | New Listing | $1,135,000 | 250.66 | MLS #519497 |
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Frequently Asked Questions about 2782 W State Route 89a
What is 2782 W State Route 89a?
2782 W State Route 89a is a Commercial/Industrial property.
What is the rental income?
-
What is the full address of this Commercial?
2782 W State Route 89a, Sedona, AZ, 86336.
What comparable properties are nearby?
Comparable nearby commercial properties include 2115 Mountain Rd, 517 N 12th St, 646 N Main St, 415 S Main St, 767 N Main St, 704 S Main St.
MLS Disclaimer: Copyright 2024 Sedona Verde Valley Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. Listing courtesy of Sound Investments.
Listing last updated on: Mar 15, 2021
Verhouse Last checked 2 minutes ago
The closest grocery stores are Safeway, 0.48 miles away and Bashas, 0.81 miles away.
The Commercial Only neighborhood has a population of 17,019, and 19% of the families have children. The median age is 59.37 years and 66% commute by car. The most popular housing type is "single detached" and 74% is owner.
