Medical Office Building For
1011 Ruth Street, Prescott, AZ 86301
2,858 sqft medical office near Dignity Health Hospital.
Type:Office
Property size:
2,858 SFPrice / SF:
$297/SF- Added:
- Dec 1, 2024
- Days on Market:
- 547
- Last Refresh:
- May 13 at 8:45 pm
Property Features for 1011 Ruth Street
General Information
- Standard status
- Active
- Size
- 2,858 SF
- Property subtype
- Office
Building Details
- Year Built
- 1984
Listing agent Luther Kraxberger
Listing office Realty ONE Group Mountain Desert
Listing date Dec 1, 2024
Source Xome
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 Realty ONE Group Mountain Desert
HighLights
- Prime location: Centrally located 2 blocks from Dignity Health Hospital and directly across from the high school in a high‑traffic area.
- Ample parking: Features 19 parking spaces.
- Functional layout: Includes 7 exam rooms, 2 offices, a conference room, a reception area, a break room, storage, and 3 restrooms.
- Excellent signage: Provides high visibility for the business.
- Versatile use: Ideal for medical, professional, or business use.
- Attractive curb appeal: Features brick architecture and fully landscaped grounds.
Overview
This 2,858 sqft medical office building is located in a high-traffic area, situated two blocks from Dignity Health Hospital and directly across from the high school. The property includes 19 parking spaces and features signage. The building's layout comprises 7 exam rooms, 2 offices, a conference room, a reception area, a break room, storage space, and 3 restrooms. The building's architecture features brick construction and fully landscaped grounds. The property is suitable for medical, professional, or general business use, offering convenient access and visibility.
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 | $83.0k | $29.04 |
| − Vacancy | −$5.4k | −$1.89 |
| EGI | $77.6k | $27.15 |
| − OpEx | −$31.0k | −$10.86 |
| NOI | $46.6k | $16.29 |
2,858 SF · lease $29.04/SF/yr · vacancy 6.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$665.2K
$582.0K – $776.0K
NOI $46,561 @ 7.0% cap · market cap 5.48%
Second Best
Office B
$593.8K
$519.6K – $692.8K
NOI $41,567 @ 7.0% cap · market cap 4.89%
Theoretical Best
Warehouse
$957.4K
$837.8K – $1.12M
NOI $67,020 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Places Nearby
- Prescott Animal Hospital — 1318 W Iron Springs Rd, Prescott, AZ 86305
- Harmony Veterinary Care — 826 Sunset Ave, Prescott, AZ 86305
- Killian Raenell DVM — 1318 W Iron Springs Rd, Prescott, AZ 86305
- 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
- -112.476607
- Latitude
- 34.5599346
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - 2,858 sqft medical office near Dignity Health Hospital.
Where is this medical office space located?
The property is located at 1011 Ruth Street Prescott, AZ.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Prime location: Centrally located 2 blocks from Dignity Health Hospital and directly across from the high school in a high‑traffic area.; Ample parking: Features 19 parking spaces.; Functional layout: Includes 7 exam rooms, 2 offices, a conference room, a reception area, a break room, storage, and 3 restrooms.
