Medical Office Investment
1005 Division Street Prescott, AZ 86301
1005 Division Street, Prescott, AZ, 86301
$1,600,000
Pending
For Sale
$1,600,000
Pending
SINGLE_FAMILY - Prescott, AZ
Property Size4,331 SF
Lot Size0.42 Acres
Days on Market59
Property Features for 1005 Division Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- BG
- Parking
- 26
- Parking features
- On Street
- Security features
- Security System, Security
- Interior features
- Fire/Smoke Detector, Security/Alarm
- Exterior features
- Handicap Access
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Pending
- Lot size
- 0.42 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- AN IRREG PTN THE SW COR LYNG APPROX 1600' N & 840' E OF THE SW CO R OF SEC 28-14-2W CONT .42AC
- Tax Annual Amount
- 6559
Utilities
- Utilities
- Phone Available
- Heating system
- Natural Gas
- Cooling system
- Gas (Cooling)
- Water source
- Public
Building Details
- Year built
- 2000
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Laminate, Carpet
- Building materials
- Frame, Stucco
- Roof type
- Asphalt, Metal
Listing agency
Better Homes And Gardens Real Estate Bloomtree Realty
(928) 443-8800
Listed by
Raymond G. Zogob · License #SA553424000
(619) 997-3329
Added: May 25 Updated: Jul 22 at 12:33AM Checked: Jul 22 at 9:06AM
MLS# 1082293
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.
Investment Insights
Based on property information with market context.
This single-story, freestanding medical office building, originally constructed in 2000, offers a single-tenant investment opportunity. The 4,331 square foot property has been renovated, with updates to the interior lobby and exterior facade. Situated on approximately 0.42 acres of Business General zoned land, the property is located adjacent to Yavapai Regional Medical Center West Campus in Prescott's medical office corridor. The current lease has over four years remaining with annual 3.0% rental increases, and includes multiple five-year renewal options featuring annual CPI-based rent adjustments. The functional medical office floor plan includes nine exam rooms with sinks, three provider offices, a practice manager's office, a nurse's station, a laboratory, a spacious waiting room, multiple storage areas, two staff restrooms, two patient restrooms, and a kitchen/breakroom. The site provides 26 on-site parking spaces in addition to street parking. The property also benefits from monument signage with visibility along Division Street. The property has been occupied by Women's Medical Care for more than 20 years.
Key Highlights
- 4,331 SF freestanding, single‑story medical office building on about 0.42 acres (Business General zoned land).
- Nine exam rooms with sinks plus provider offices, practice manager office, nurse’s station, laboratory, waiting room, and staff/patient restrooms.
- NNN single‑tenant investment with $1,600,000 asking price and a 6.0% going‑in cap rate.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $125.8k | $29.04 |
| − Vacancy | −$8.2k | −$1.89 |
| EGI | $117.6k | $27.15 |
| − OpEx | −$47.0k | −$10.86 |
| NOI | $70.6k | $16.29 |
4,331 SF · lease $29.04/SF/yr · vacancy 6.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.01M
$882.0K – $1.18M
NOI $70,558 @ 7.0% cap · market cap 4.41%
Second Best
Office B
$899.9K
$787.4K – $1.05M
NOI $62,991 @ 7.0% cap · market cap 3.94%
Theoretical Best
Warehouse
$1.45M
$1.27M – $1.69M
NOI $101,561 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr Feingold’s
Physician
Women's Medical Care, ...
Physician
Dr. Adam Feingold
Physician
Dr. Luis Fernandez
Physician
Cydney Siggins
Physician
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FAQs
What type of property is this?
Medical Office Space - Single-tenant medical office building near Yavapai Regional Medical Center.
Where is this medical office space located?
The property is located at 1005 Division Street Prescott, AZ.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 4,331 SF freestanding, single‑story medical office building on about 0.42 acres (Business General zoned land).; Nine exam rooms with sinks plus provider offices, practice manager office, nurse’s station, laboratory, waiting room, and staff/patient restrooms.; NNN single‑tenant investment with $1,600,000 asking price and a 6.0% going‑in cap rate.
