Freestanding Medical Office with
1005 Division Street Prescott, AZ 86301
1005 Division Street, Prescott, AZ, 86301
Contact for pricing
For Sale
Contact for pricing
Pending
Renovated single-story medical office with nine exam rooms and dedicated on-site parking for long-term healthcare use.
Property Size4,331 SF
Lot Size0.42 Acres
Days on Market57
Property Features for 1005 Division Street
General Information
- Standard status
- Pending
- Size
- 4,331 SF
- Lot size
- 0.42 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2000
Listing agency
Better Homes and Gardens BloomTree Realty
(619) 997-3329
Listed by
Raymond Zogob · License #AZ SA553424000
Source
Crexi
Added: May 27 Updated: Jul 10 at 1:52PM Checked: Jul 22 at 9:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Better Homes and Gardens BloomTree Realty
Investment Insights
Based on property information with market context.
This freestanding, single-story medical office building totals 4,331 square feet and is designed for clinical operations. The interior layout includes nine exam rooms with sinks, three provider offices, a practice manager’s office, a nurse’s station, a laboratory, and a spacious waiting room. Additional improvements include multiple storage areas, two staff restrooms, two patient restrooms, and a kitchen/breakroom. The property has recently undergone renovations to both the interior lobby and the exterior facade, and it was originally constructed in 2000.
The building sits on approximately 0.42 acres of Business General zoned land and is positioned adjacent to Yavapai Regional Medical Center West Campus within Prescott’s established medical office corridor. Site access is supported by 26 on-site parking spaces, with additional street parking available. The property also features monument signage with visibility along Division Street.
As a single-tenant NNN investment opportunity, the asset is currently occupied by Women’s Medical Care, with more than four years remaining on the lease. Rent increases include annual 3.0% adjustments, and the lease provides multiple five-year renewal options with annual CPI-based rent adjustments, supporting continuity for an operator or investor aligned with medical office use.
The building sits on approximately 0.42 acres of Business General zoned land and is positioned adjacent to Yavapai Regional Medical Center West Campus within Prescott’s established medical office corridor. Site access is supported by 26 on-site parking spaces, with additional street parking available. The property also features monument signage with visibility along Division Street.
As a single-tenant NNN investment opportunity, the asset is currently occupied by Women’s Medical Care, with more than four years remaining on the lease. Rent increases include annual 3.0% adjustments, and the lease provides multiple five-year renewal options with annual CPI-based rent adjustments, supporting continuity for an operator or investor aligned with medical office use.
Key Highlights
- 4,331 SF freestanding, single‑story medical office built in 2000 and renovated with updates to the interior lobby and exterior facade
- Lease in place with 4+ years remaining; annual 3.0% rental increases plus multiple five‑year renewal options with annual CPI‑based rent adjustments
- Medical office layout includes nine exam rooms with sinks, three provider offices, practice manager office, nurse’s station, lab, and spacious waiting room
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $125.8k | $29.04 |
| − Vacancy | −$8.2k | −$1.89 |
| EGI | $117.6k | $27.15 |
| − OpEx | −$47.0k | −$10.86 |
| NOI | $70.6k | $16.29 |
4,331 SF · lease $29.04/SF/yr · vacancy 6.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.01M
$882.0K – $1.18M
NOI $70,558 @ 7.0% cap · market cap 4.41%
Second Best
Office B
$899.9K
$787.4K – $1.05M
NOI $62,991 @ 7.0% cap · market cap 3.94%
Theoretical Best
Warehouse
$1.45M
$1.27M – $1.69M
NOI $101,561 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr Feingold’s
Physician
Women's Medical Care, ...
Physician
Dr. Adam Feingold
Physician
Dr. Luis Fernandez
Physician
Cydney Siggins
Physician
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FAQs
What type of property is this?
Medical Office Space - Renovated single-story medical office with nine exam rooms and dedicated on-site parking for long-term healthcare use.
Where is this medical office space located?
The property is located at 1005 Division Street Prescott, AZ.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 4,331 SF freestanding, single‑story medical office built in 2000 and renovated with updates to the interior lobby and exterior facade; Lease in place with 4+ years remaining; annual 3.0% rental increases plus multiple five‑year renewal options with annual CPI‑based rent adjustments; Medical office layout includes nine exam rooms with sinks, three provider offices, practice manager office, nurse’s station, lab, and spacious waiting room
