Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1003 Division #5a Street Prescott, AZ 86301

    View on Map
    Claim this Listing
    For Lease
    $14 SF/Yr

    COMMERCIAL - Prescott, AZ

    Type:Office
    Lot size:
    0.02 Acres
    Added:
    Sep 18, 2025
    Days on Market:
    230
    Last Refresh:
    May 5 at 5:06 pm

    Property Features for 1003 Division #5a Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    BG
    Parking features
    On Street
    Security features
    Security Lighting
    Interior features
    Fire/Smoke Detector
    Standard status
    Active
    Lot size
    0.02 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    THE PROFESSIONAL BUILDING TRACT F
    Tax Annual Amount
    818

    Utilities

    Utilities
    Phone Available
    Heating system
    Natural Gas, Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1965
    Number of units
    1
    Flooring type
    Laminate, Tile
    Building materials
    Block, Frame
    Roof type
    Rolled Hot Mop

    We can help!

    Listing Contact
    Lacey Fish

    Listing agent Lacey Fish License #BR670799000

    Listing office Arizona Commercial 122 N. Cortez St. Suite #300, Phoenix, AZ

    Listing date Sep 18, 2025

    MLS# 1076566

    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.

    Overview

    Medical Office Near Dignity Hospital

    Located on Division Street in Prescott, Arizona, this commercial space is positioned near Dignity Hospital and various medical offices and specialty practices. The property is zoned BG and is suitable for medical offices or general office use. The lot size is approximately 0.02 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Map

    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.479036
    Latitude
    34.560152

    Nearby Similar for Lease

    • $28 SF/Yr

      Professional Office Space Available

      Well-located office suite with included utilities and amenities for lease.
      260 Sam Hill Alley, Prescott, AZ 86301
      View Details
    • $28 SF/Yr

      Downtown Prescott Retail Space

      Prime retail space in vibrant downtown Prescott with high visibility.
      220 W Goodwin Street, Suite 103, Prescott, AZ 86303
      View Details
    • $18 SF/Yr

      Retail Space on Gurley Street

      High-visibility retail space for lease in Prescott, Arizona.
      512 W Gurley Street, Prescott, AZ 86301
      View Details
    • $26 SF/Yr

      Prime Prescott Commercial Space Available

      Move-in ready commercial space in the heart of Prescott.
      122 N Cortez St Suite 101, Prescott, AZ 86301
      View Details
    • $22 SF/Yr

      Medical Office Space Available

      Medical office space for rent in Prescott Lakes Commerce Center.
      1951 Commerce Center Circle, Prescott, AZ 86301
      View Details
    • $1,850/Mo

      Historic Prescott Office Suite

      Two-room executive suite in historic downtown Prescott building.
      125 E Gurley St. Suite 150, Prescott, AZ 86303
      View Details
    • $21 SF/Yr

      Commercial Spaces in Prescott, Arizona

      Two commercial spaces for lease near downtown Prescott.
      334 S Montezuma St. Suites B & C, Prescott, AZ 86303
      View Details
    • $24 SF/Yr

      Commercial Space Near Downtown Prescott

      Two commercial spaces for lease near downtown Prescott, Arizona.
      334 S Montezuma St. Suite B, Prescott, AZ 86303
      View Details
    • $18 SF/Yr

      Commercial Space Near Downtown Prescott

      Two commercial spaces for lease near downtown Prescott.
      334 S Montezuma St. Suite C, Prescott, AZ 86303
      View Details
    • $13 SF/Yr

      Historic Office in Downtown Prescott

      Renovated office space in a historic downtown building.
      101 W Goodwin St Suite Bsmt 1, Prescott, AZ 86303
      View Details
    • $20 SF/Yr

      Professional Medical/Office Space For Lease

      Commercial suite available for lease near Dignity Health YRMC.
      1670 Willow Creek Road, Suite A, Prescott, AZ 86301
      View Details
    • $23 SF/Yr

      Professional Office Suite in Prescott

      Well-maintained office suite in Prescott's central business district.
      325 W Gurley Suite 101, Prescott, AZ 86301
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Commercial space near hospital, suitable for medical or office use.
    Where is this medical office space located?
    The property is located at 1003 Division #5a Street Prescott, AZ.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Highly desired Division Street location.; Direct proximity to Dignity Hospital.; Close to numerous medical offices and specialty practices.
    (928) 978-2926
    We can help!
    Listing Contact
    Lacey Fish
    Real Estate License ID: BR670799000
    Learn More
    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.
    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

    Thank You for Inquiry
    1003 Division #5a Street, Prescott, AZ 86301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!