Medical Office Building with Fenced
For Sale
$275,000
33 West Vista, Holbrook, AZ 86025
COMMERCIAL - Holbrook, AZ
Property Size1,488 SF
Lot Size0.23 Acres
Price / SF$184.81
Days on Market132
Property Features for 33 West Vista
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-2
Security features
Security System
Subdivision
Holbrook
Directions
Exit I-10 to Navajo Blvd. to W. onto W. Vista to 33 W Vista (Sign)
Standard status
Active
APN
109-24-077
Size
1,488 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
Sec 29 T18N R21E: Com Ne Cor Sec29; Th N89*44'22 E 1189.50'; Th S27*37'23 W 150.05'; Th S27*37'23''W 65.31' Th S27*38'32 W 358.45'; Th S39*42'46 W 1114.56'; Th S39*24'55 W 979.20'; Th N50*20'09 W 200.04';Th N50*20'09 W 97.28' Tpob. Th S39*46'23 W 276.27'; Th N50*16'37 W 77.28'; Th 39*41'56 W 22.93'; Th N50*24'15 W 25.12'; Th N39*43'00 E 299.15'; Th S50*20'09 E 102.66' Tpob. Out Of 109-24-001J For 2004 Roll. Less 0.43 Ac To 078 Per (2012-06923) Out Of 109-24-001R For ''2013'' Roll
Tax Annual Amount
2227
Legal Description
Sec 29 T18N R21E: Com Ne Cor Sec29; Th N89*44'22 E 1189.50'; Th S27*37'23 W 150.05'; Th S27*37'23''W 65.31' Th S27*38'32 W 358.45'; Th S39*42'46 W 1114.56'; Th S39*24'55 W 979.20'; Th N50*20'09 W 200.04';Th N50*20'09 W 97.28' Tpob. Th S39*46'23 W 276.27'; Th N50*16'37 W 77.28'; Th 39*41'56 W 22.93'; Th N50*24'15 W 25.12'; Th N39*43'00 E 299.15'; Th S50*20'09 E 102.66' Tpob. Out Of 109-24-001J For 2004 Roll. Less 0.43 Ac To 078 Per (2012-06923) Out Of 109-24-001R For ''2013'' Roll
Utilities
Heating system
Natural Gas
Building Details
Year built
1997
Roof type
Shingle
Listing Agency:
SEI Real Estate Professionals - Holbrook
(888) 973-4737
Listed By:
Yvonne Larson · License #SA626193000
(928) 241-1229
Added: Mar 31
Changed: Aug 4
Last Checked: Aug 9 at 12:06AM
MLS# 260338
Copyright © 2026 White Mountain 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 1,488-square-foot medical office property was constructed in 1997 and features a fenced yard. The building has a shingle roof and natural gas heating. Its prior uses include a medical clinic and an insurance office, providing relevant context for future office or medical-office occupancy.
The property is positioned just off Navajo Blvd, with access to State Route 77 and I-40. The parcel contains 0.23 acres and is located in Holbrook, Arizona. The existing building and enclosed outdoor area offer a straightforward commercial configuration for an owner-user or operator seeking medical office space.
The property is positioned just off Navajo Blvd, with access to State Route 77 and I-40. The parcel contains 0.23 acres and is located in Holbrook, Arizona. The existing building and enclosed outdoor area offer a straightforward commercial configuration for an owner-user or operator seeking medical office space.
Key Highlights
- 1,488‑square‑foot medical office property
- 0.23‑acre parcel with fenced yard
- Built in 1997
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
$22,271
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
8.10%
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%
$445,420
$445.4K
Cap Rate 7%
$318,157
$318.2K
Cap Rate 9%
$247,456
$247.5K
Market Conditions
NOI Build-Up for 1,488 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
$43.2K $29.04/SF
− Vacancy
−$6.1K −$4.09/SF
EGI
$37.1K $24.95/SF
− OpEx
−$14.8K −$9.98/SF
NOI
$22.3K $14.97/SF
Area
Navajo County, AZ
Vacancy
14.10%
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%
$445,420
Cap Rate 7%
$318,157
Cap Rate 9%
$247,456
Alternative Uses
Best Use
Healthcare Medical
$318.2K
$278.4K – $371.2K
NOI $22,271 @ 7.0% cap · market cap 8.10%
Second Best
Office B
$288.7K
$252.6K – $336.8K
NOI $20,208 @ 7.0% cap · market cap 7.35%
Theoretical Best
Specialty Retail
$404.4K
$353.8K – $471.8K
NOI $28,305 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 86025, AZ
5,358
Population
1,921
Households
2.8
Avg Household Size
37
Median Age
13%
College-Educated
88%
High-School Grad
737.1 sq mi
ZIP Area
7
Density / Sq Mi
$64,167
Median Household Income
$40,913
Median Earnings
$940
Median Rent
$144,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Holbrook Veterinary Clinic — 105 Airport Rd, Holbrook, AZ 86025
Frequently Asked Questions
What type of property is this?
Medical Office Space - The property includes a fenced outdoor area and natural gas heating.
Where is this medical office space located?
The property is located at 33 West Vista Holbrook, AZ.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,488‑square‑foot medical office property; 0.23‑acre parcel with fenced yard; Built in 1997
