Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prescott Office/Retail Space Available Title is generated by Realmo AI

    1963 Commerce Center Circle, Prescott, AZ 86301

    View on Map
    Claim this Listing
    For Lease
    $16 SF/Yr

    COMMERCIAL - Prescott, AZ

    Type:Office
    Lot size:
    0.11 Acres
    Added:
    May 1, 2026
    Days on Market:
    14
    Last Refresh:
    May 14 at 11:06 am

    Property Features for 1963 Commerce Center Circle

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    IT-PAD
    Interior features
    Fire/Smoke Detector
    Exterior features
    Handicap Access
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PRESCOTT LAKES COMMERCE CENTER LOT 2 REPLAT LOT A CONT .11AC S EC 14-14-2W M&P 52/30
    Tax Annual Amount
    6699

    Utilities

    Utilities
    Phone Available
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2005
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Concrete, Carpet
    Building materials
    Frame, Stucco
    Roof type
    Tile

    We can help!

    Listing Contact
    Ralph Stuart Warner

    Listing agent Ralph Stuart Warner License #SA526970000

    Listing office Realty ONE Group 11211 N Tatum Blvd Suite 120, Goodyear, AZ

    Listing date May 1, 2026

    MLS# 1081609

    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

    • Separate Utilities & HVAC
    • Corner Windows with Blinds
    • Signage on Front & Willow Lake Road
    • Sales Counter or Reception Station
    • Common Area Parking
    • Handicap Access & Accessible Approach with Ramp

    Overview

    This commercial space in Prescott, Arizona, is suitable for office or retail use. The suite features corner windows with blinds, one office, a restroom, and a coffee bar. It also includes a sales counter or reception station. The property has separate utilities and HVAC. It is one of four suites in a multi-office building. Common area parking is available. Signage opportunities are available on the front of the building and on the Willow Lake Road side. The tenant is responsible for electric, gas, and data/phone services. The lot size is 0.11 acres and the zoning is IT-PAD.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farmers Insurance Insurance Agency Prescott Health & Life Insurance Agency Associated Asset Management ... Homeowners' Association Melissa Byrne Portrait ... Photography Service MAPNA Medicare Insurance, ... Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.430365
    Latitude
    34.592605

    Nearby Similar for Lease

    • $21 SF/Yr

      Prescott Medical/Professional Office Space

      Premium office space in The Crossings commercial subdivision.
      3625 Crossings Dr. Suite B, Prescott, AZ 86305
      View Details
    • $27 SF/Yr

      Prescott Office Space For Lease

      Professional/Medical office space available in Prescott, full service lease.
      1575 Plaza West Dr., Suite B, 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
    • $20 SF/Yr

      Private Office Suite Near Downtown

      Office space near downtown Prescott with shared amenities.
      201 N Alarcon Street, 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
    • $20 SF/Yr

      Professional Office Building For Lease

      Medical or professional office building for lease in Prescott, AZ.
      1620 Willow Creek Road, Prescott, AZ 86301
      View Details
    • $20 SF/Yr

      Prescott Medical/Professional Office Space

      Premium office suites for lease in Prescott's 'The Crossings'.
      3625 Crossings Dr. Suites B & C, Prescott, AZ 86305
      View Details
    • $15 SF/Yr

      Office Space in Prescott Airpark

      Professional office space in Prescott Airpark business corridor.
      6752 Inter Cal Way Suite 202, Prescott, AZ 86301
      View Details
    • $18 SF/Yr

      Prescott Airpark Professional Office Space

      Professional office space in Prescott Airpark business corridor.
      6752 Inter Cal Way Suite 101, 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
    • $14 SF/Yr

      Prescott Airpark Office Space

      Professional office space in Prescott Airpark business corridor.
      6752 Inter Cal Way Suite 102, Prescott, AZ 86301
      View Details

    FAQs

    What type of property is this?
    Office units - Office/retail space with separate utilities and HVAC in Prescott, AZ.
    Where is this office units located?
    The property is located at 1963 Commerce Center Circle Prescott, AZ.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Separate Utilities & HVAC; Corner Windows with Blinds; **Signage on Front & Willow Lake Road**
    (480) 510-6697
    We can help!
    Listing Contact
    Ralph Stuart Warner
    Real Estate License ID: SA526970000
    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
    1963 Commerce Center Circle, 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!