Medical Office Building with Exam
For Sale
Under Contract
$1,400,000
3107 Clearwater Drive, Prescott, AZ 86305
Commercial Sale, Prescott, AZ
Property Size4,401 SF
Lot Size0.19 Acres
Price / SF$318.11
Days on Market31
Property Features for 3107 Clearwater Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
PAD
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3
Exterior features
Handicap Access
Accessibility
Accessible Approach with Ramp
Lot features
Landscaped
Standard status
Active Under Contract
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CROSSINGS @ WILLOW CREEK BUSINESS PARK UNIT 2 LOT 6 REPLAT LOT C SEC 16-14-2W M&P 48/8-9 CONT .19AC
Tax Annual Amount
7437
Legal Description
CROSSINGS @ WILLOW CREEK BUSINESS PARK UNIT 2 LOT 6 REPLAT LOT C SEC 16-14-2W M&P 48/8-9 CONT .19AC
Utilities
Utilities
Phone Available
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2004
Floors in Building
1
Number of units
2
Flooring type
Carpet
Building materials
Vanilla Shell
Roof type
Asphalt
Listing Agency:
Arizona Commercial
(928) 515-1223
Listed By:
Abigail Chartier · License #SA710066000
(928) 642-3032
Added: Jul 23
Changed: Aug 22
Last Checked: Aug 22 at 7:06AM
MLS# 1083995
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 medical office building offers a detailed clinical configuration with 14 exam rooms, a large procedure room, reception area, private offices, two charting rooms, a break room, and four restrooms. The interior can be arranged for one or two suites, supporting either single-occupant or multi-tenant use. Construction dates to 2004, with vanilla shell materials, carpet flooring, natural gas heat, central air, an asphalt roof, and phone service available.
The property encompasses 0.19 acres in The Crossings medical office campus at 3107 Clearwater Drive in Prescott. It is positioned near Downtown Prescott, Willow Creek Road, Iron Springs Road, and SR-89. On-site parking, public water, an accessible approach with ramp, and handicap access are also identified.
The property encompasses 0.19 acres in The Crossings medical office campus at 3107 Clearwater Drive in Prescott. It is positioned near Downtown Prescott, Willow Creek Road, Iron Springs Road, and SR-89. On-site parking, public water, an accessible approach with ramp, and handicap access are also identified.
Key Highlights
- 14 exam rooms plus a large procedure room
- Flexible configuration for one or two suites
- 0.19‑acre medical office property in The Crossings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,699
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,433,980
$1.4M
Cap Rate 7%
$1,024,271
$1.0M
Cap Rate 9%
$796,656
$796.7K
Market Conditions
NOI Build-Up for 4,401 SF
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.
Gross rent
$127.8K $29.04/SF
− Vacancy
−$8.3K −$1.89/SF
EGI
$119.5K $27.15/SF
− OpEx
−$47.8K −$10.86/SF
NOI
$71.7K $16.29/SF
Area
Yavapai County, AZ
Vacancy
6.50%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,433,980
Cap Rate 7%
$1,024,271
Cap Rate 9%
$796,656
Alternative Uses
Best Use
Healthcare Medical
$1.02M
$896.2K – $1.19M
NOI $71,699 @ 7.0% cap · market cap 5.12%
Second Best
Office B
$914.4K
$800.1K – $1.07M
NOI $64,009 @ 7.0% cap · market cap 4.57%
Theoretical Best
Warehouse
$1.47M
$1.29M – $1.72M
NOI $103,203 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 86305, AZ
19,555
Population
10,920
Households
1.8
Avg Household Size
62
Median Age
47%
College-Educated
97%
High-School Grad
588.5 sq mi
ZIP Area
33
Density / Sq Mi
$78,802
Median Household Income
$37,630
Median Earnings
$1,132
Median Rent
$627,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Bioveteria — 3607 Crossings Dr, Prescott, AZ 86305, United States
- Granite Mountain Vet Hospital — 3073 Willow Creek Rd, Prescott, AZ 86301
- Szekely Don DVM — 3073 Willow Creek Rd, Prescott, AZ 86301, United States
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fourteen exam rooms and a procedure room define the clinical layout.
Where is this medical office space located?
The property is located at 3107 Clearwater Drive Prescott, AZ.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 14 exam rooms plus a large procedure room; Flexible configuration for one or two suites; 0.19‑acre medical office property in The Crossings
