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    Freestanding Medical Office with Parking Title is generated by Realmo AI

    1005 Division Street, Prescott, AZ 86301

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    Renovated single-story medical office with nine exam rooms and dedicated on-site parking for long-term healthcare use.

    Type:Office
    Property size:
    4,331 SF
    Lot size:
    0.42 Acres
    Price / SF:
    $369/SF
    Added:
    May 27, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 4:49 am

    Property Features for 1005 Division Street

    General Information

    Standard status
    Active
    Size
    4,331 SF
    Lot size
    0.42 Acres
    Property subtype
    Office

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    Raymond Zogob
    Raymond Zogob

    Listing agent Raymond Zogob License #AZ SA553424000

    Listing office Better Homes and Gardens BloomTree Realty

    Listing date May 27, 2026

    Source Crexi

    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

    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
    • Includes two patient restrooms, two staff restrooms, kitchen/breakroom, and multiple storage areas
    • Approx. +/-0.42 acres zoned Business General with monument signage and visibility along Division Street
    • 26 on‑site parking spaces plus ample street parking

    Overview

    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.
    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

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

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    • Pauletto Tammy J DVM — 1318 W Iron Springs Rd, Prescott, AZ 86305, United States
    • Nolte Bryan DVM — 1318 W Iron Springs Rd, Prescott, AZ 86305

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.4792991
    Latitude
    34.5607046

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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
    (619) 997-3329 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Raymond Zogob
    Raymond Zogob
    Real Estate License ID: AZ SA553424000
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    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.

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