




Courtesy of Gerchick Real Estate, Linda S Gerchick Listing Contact: 602-688-9279
0 Baths
6,182 sqft
$2,295,000
778 W WICKENBURG Way, Wickenburg AZ, 85390
Price per sqft$371.24
Built in1982
Property size6,182 sqft
Property typeCommercial
Overview
Active
Listed Feb 6, 2026
Updated 4 weeks ago
Seller-carry mixed-use investment at 760-778 W Wickenburg Way includes two commercial buildings leased to a national ambulance company on an NNN lease, six 1-bedroom apartments, three parcels and excess land. Five apartments are occupied; one is available for lease-up. Lease runs through 11/30/2028 with 3% annual increases and two 5-year options. Tenant reimburses property taxes and insurance. Seller carry available at 5% interest, 25-year amortization and 5-year term, subject to approval. Qualified Opportunity Zone location. Approx. 6,182 SF on 40,076 SF/0.92 acre. Current income after operating expenses is $121,654 with a 5.30% cap rate. Pro forma income after operating expenses is $147,041 with a 6.41% cap rate. Offered at $2,295,000, 760-778 W Wickenburg Way presents a diversified mixed-use investment combining commercial and residential income with additional development or expansion potential. The offering includes two commercial buildings, six one-bedroom apartments and three parcels totaling approximately 40,076 square feet, or 0.92 acre. The existing building area totals approximately 6,182 square feet.
The commercial portion is leased to a national ambulance company under an NNN lease that began December 1, 2023, and continues through November 30, 2028. The lease includes contractual 3% annual rent increases and two additional five-year extension options. The tenant reimburses property taxes and insurance, helping limit the owner's exposure to these expenses.
The residential component consists of six one-bedroom apartments. Five apartments are currently occupied, with one unit available for lease-up. The occupied apartments also generate utility reimbursement income. Leasing the remaining apartment provides an identifiable opportunity to increase income.
CURRENT FINANCIAL PERFORMANCE:
Effective Gross Income: $160,457
Operating Expenses: $38,803
Income After Operating Expenses: $121,654
Current Cap Rate: 5.30%
PRO FORMA FINANCIAL PERFORMANCE:
Gross Scheduled Income: $186,240
Other Income: $3,456
Vacancy Allowance: 1%
Effective Gross Income: $187,799
Operating Expenses: $40,758
Income After Operating Expenses: $147,041
Pro Forma Cap Rate: 6.41%
Seller financing is available at 5% interest, amortized over 25 years with a five-year loan term, subject to seller approval, buyer qualification and final loan documentation.
The property is located within a federally designated Qualified Opportunity Zone and along Wickenburg's primary commercial corridor. The excess land may provide future expansion or development potential, subject to zoning, governmental approvals and independent buyer investigation.
Buyer to independently verify all facts, figures, square footage, parcel information, rents, income, expenses, lease terms, zoning, development potential, Opportunity Zone eligibility and any other information material to the purchase decision. Buyer should consult independent legal, tax and financial advisors.
Additional information
- MLS® ID
- 6980540
Interior Features
- Bathrooms
- 0
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.92 Acres
Other Property Details
- Taxes
- $2,888
- Tax Frequency
- Annually
- Maintenance Expense
- $1,500
Courtesy of Gerchick Real Estate, Linda S Gerchick
Listing Contact: 602-688-9279
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Data Last Updated: 3:23 AM UTC, 8/31/2026.