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    Medical Office Space Available Title is generated by Realmo AI

    1100 Gail Gardner Way, Prescott, AZ 86305

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    Claim this Listing
    For Lease
    $24 SF/Yr

    COMMERCIAL - Prescott, AZ

    Type:Office
    Lot size:
    0.95 Acres
    Added:
    Sep 24, 2025
    Days on Market:
    248
    Last Refresh:
    May 29 at 7:06 pm

    Property Features for 1100 Gail Gardner Way

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    BG & IT
    Parking
    35
    Parking features
    Secured
    Exterior features
    Handicap Access
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Lot size
    0.95 Acres

    Taxes and HOA fees

    Tax Description
    PCL OF LAND BY M&B LYING W & ADJ RR R/W FURTHER DESCR 170/253 & CONT 1.23 AC IN NW4SE4 SELL .22 AC TO CITY FOR R/W 190/592 LESS .06AC TO CITY FOR R/W CONT .95 AC

    Utilities

    Utilities
    Phone Available
    Heating system
    Natural Gas, Electric (Heating)
    Cooling system
    Gas (Cooling)
    Water source
    Public

    Building Details

    Year built
    1996
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Vinyl
    Building materials
    Block, Frame, Stucco
    Roof type
    Rolled Hot Mop

    We can help!

    Listing Contact
    Raymond G. Zogob
    Raymond G. Zogob

    Listing agent Raymond G. Zogob License #SA553424000

    Listing office Better Homes And Gardens Real Estate Bloomtree Realty 102 W Gurley St #102, Phoenix, AZ

    Listing date Sep 24, 2025

    MLS# 1076681

    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.

    HighLights

    • Prime medical office space, ideal for medical users or investors.
    • Excellent location near Dignity Health's West Campus hospital with great access and visibility.
    • Well‑equipped with 12 exam rooms, 3 offices, nursing stations, and MRI/CAT scan vaults.
    • +/- 6,478 sf building on .95 acres with +/-35 on‑site parking spaces.
    • Available for sale or lease, offering flexibility for potential buyers.
    • Unique setting nestled among natural boulders, trees, and shrubs.

    Overview

    This commercial property, ideally suited for a medical user or investor, is a +/- 6,478 square foot medical office building. Formerly Arizona Oncology, the building features 12 private exam rooms, 3 provider offices, nursing stations, and 4 restrooms, one of which includes a shower. It also contains 2 vaults suitable for MRI and CAT scans, a large waiting room with vaulted ceilings, a reception counter, a kitchen/breakroom, and storage rooms. The property has two rear exits and a lower basement area with 2 large rooms/offices and 2 mechanical rooms. The building is situated on 0.95 acres of BG & IT zoned land and includes +/-35 on-site parking spaces. Monument signage that is light and double sided is available along Gail Gardner Way. Originally constructed in 1996, the building is uniquely nestled between large natural boulders, trees & shrubs. The property is centrally located and very close to Dignity Health's West Campus hospital, offering excellent access and visibility along Gail Gardner Way. The building will be vacant on 10-1-25 and is available for lease at $24/sf NNN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Arizona Oncology - Prescott ... Medical Clinic Donn Marshall Davis, ... Physician Dr. Mukundkumar V. ... Physician Northern Arizona Tumor ... Medical Clinic Gilroy Jeffrey S ... Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Prescott Animal Hospital — 1318 W Iron Springs Rd, Prescott, AZ 86305
    • Harmony Veterinary Care — 826 Sunset Ave, Prescott, AZ 86305
    • Killian Raenell DVM — 1318 W Iron Springs Rd, Prescott, AZ 86305
    • Pauletto Tammy J DVM — 1318 W Iron Springs Rd, Prescott, AZ 86305, United States
    • Nolte Bryan DVM — 1318 W Iron Springs Rd, Prescott, AZ 86305

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.48909
    Latitude
    34.562172

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    FAQs

    What type of property is this?
    Medical Office Space - Prime medical office space for sale or lease in Prescott.
    Where is this medical office space located?
    The property is located at 1100 Gail Gardner Way Prescott, AZ.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Prime medical office space, ideal for medical users or investors.; Excellent location near Dignity Health's West Campus hospital with great access and visibility.; Well‑equipped with **12 exam rooms, 3 offices, nursing stations, and MRI/CAT scan vaults.**
    (619) 997-3329
    We can help!
    Listing Contact
    Raymond G. Zogob
    Raymond G. Zogob
    Real Estate License ID: SA553424000
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    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
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