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    420 Miller Valley Rd Prescott, AZ 86301

    New
    For Sale
    $3,120,000

    COMMERCIAL - Prescott, AZ

    Lot size:
    1.60 Acres
    Days on Market:
    1
    Last Refresh:
    Dec 10 at 7:06 am

    Property Features for 420 Miller Valley Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security, Security Lighting
    Zoning
    IL / MF-H
    Parking
    74
    Parking features
    On Street
    Interior features
    Mezzanine, Security/Alarm
    Exterior features
    Fence, Handicap Access, Storage
    Fencing
    Fenced
    Accessibility
    Accessible Approach with Ramp
    Lot size
    1.60 Acres

    Utilities

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

    Building Details

    Year built
    1971
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Steel Frame
    Roof type
    Metal
    Additional Structures
    Storage

    Arizona Commercial LLC

    Listing agent Abigail Chartier (928) 642-3032

    Listing date Dec 10, 2025

    Copyright © 2025 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.

    Overview

    Prescott Commercial Investment Opportunity

    This commercial property presents an investment opportunity with a long-term tenant in place through March 2029, including an option period. The building, encompassing approximately 13,200 square feet, is situated on approximately 1.6 acres along Miller Valley Road, offering convenient access to downtown Prescott. The current net operating income (NOI) is $201,000, with escalators in place through the remaining initial term, projecting an increase to $218,520 beginning in March 2026. The property currently operates at a 6.44% capitalization rate, which is projected to increase to 7.00% in March 2026. The tenant is responsible for covering the landlord's taxes and insurance, while also maintaining the property. The zoning is designated as IL / MF-H.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Summit 4X4 Company Auto Repair Shop Summit 4X4 Company ... Auto Repair Shop

    Suggested Use

    Restaurant Law Firm Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    American Warehouse, AAA Xtra Space Self Storage, Self Storage, Summit Storage, Summit Mini Storage

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.477529
    Latitude
    34.54753

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    FAQs

    What type of property is this?
    Warehouse - Leased commercial building with income and growth potential.
    Where is this warehouse located?
    The property is located at 420 Miller Valley Rd Prescott, AZ.
    What is the asking price?
    The asking price for this property is $3,120,000.
    What are key features of this property?
    This property features: - Long-term tenant in place through March 2029 with an option period, providing stable income.; - Significant NOI growth: Current $201,000 NOI projected to increase to $218,520 in March 2026.; - Attractive CAP rate: Current 6.44% CAP rate increasing to 7.00% in March 2026.
    (928) 642-3032
    Request Owner's contact information
    420 Miller Valley Rd Prescott, AZ 86301
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    Prescott, AZ 86301
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    Realmo Value Estimation

    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.

    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.

    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
    420 Miller Valley Rd Prescott, AZ 86301
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