Freestanding Medical Office with
For Sale
Contact for pricing
Pending
1005 Division Street, Prescott, AZ 86301
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 Market137
Property Features for 1005 Division Street
General Information
Standard status
Pending
Size
4,331 SF
Total Parking Spaces
26
Lot size
0.42 Acres
Property subtype
Office
Zoning
BG
Additional Details
Cap Rate
6%
Building Details
Year Built
2000
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Better Homes and Gardens BloomTree Realty
Listed By:
Raymond Zogob · License #AZ SA553424000
(619) 997-3329
Source:
Crexi
Added: May 27
Changed: Sep 24
Last Checked: Oct 9 at 4:59PM
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,558
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,411,160
$1.4M
Cap Rate 7%
$1,007,971
$1.0M
Cap Rate 9%
$783,978
$784.0K
Market Conditions
NOI Build-Up for 4,331 SF
Gross rent
$125.8K $29.04/SF
− Vacancy
−$8.2K −$1.89/SF
EGI
$117.6K $27.15/SF
− OpEx
−$47.0K −$10.86/SF
NOI
$70.6K $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 Rate 5%
$1,411,160
Cap Rate 7%
$1,007,971
Cap Rate 9%
$783,978
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 authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,584
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 86301, AZ
25,115
Population
13,863
Households
1.8
Avg Household Size
57
Median Age
37%
College-Educated
96%
High-School Grad
33.4 sq mi
ZIP Area
752
Density / Sq Mi
$71,962
Median Household Income
$33,989
Median Earnings
$1,580
Median Rent
$495,100
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
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
