NNN Commercial
For Sale
Under Contract
$650,000
112 Whipple Street, Prescott, AZ 86301
Commercial Sale, Prescott, AZ
Property Size2,758 SF
Lot Size0.30 Acres
Price / SF$235.68
Days on Market54
Property Features for 112 Whipple Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
MF-H
Zoning description
OFFICE - MEDICAL
Parking
17
Security features
Security
Interior features
Ceiling Fan(s), Security/Alarm
Exterior features
Handicap Access
Accessibility
Accessible Approach with Ramp
Subdivision
Dameron Park Add
Lot features
Landscaped
Standard status
Active Under Contract
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DAMERON PARK ADDITON BLK 4 PTN LOTS 2 4 6 THE NW COR LOT 2 BEING THE NW COR LOT 2 SEC 33-14-2W
Tax Annual Amount
3885
Legal Description
DAMERON PARK ADDITON BLK 4 PTN LOTS 2 4 6 THE NW COR LOT 2 BEING THE NW COR LOT 2 SEC 33-14-2W
Utilities
Utilities
Phone Available
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public, Private
Building Details
Year built
1994
Floors in Building
1
Number of units
1
Flooring type
Carpet, Tile, Vinyl
Building materials
Frame, Stucco
Roof type
Asphalt
Listing Agency:
Arizona Commercial
(928) 515-1223
Listed By:
Abigail Chartier · License #SA710066000
(928) 642-3032
Added: Aug 24
Changed: Oct 15
Last Checked: Oct 16 at 2:06AM
MLS# 1084634
Copyright © 2026 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.
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Investment Insights
Based on property information with market context.
This commercial property occupies a 0.3-acre parcel and is leased to a salon tenant under a NNN agreement extending through 2034. The tenant covers a portion of property expenses, maintenance, and operating costs, reducing the owner’s direct management obligations. The property was built in 1994 and includes frame and stucco construction, vinyl, carpet, and tile flooring, central air conditioning, natural gas heating, and security/alarm features.
The property is located at 112 Whipple Street in Prescott, Arizona, within the MF-H zoning designation. Site and building features include handicap access with an accessible approach ramp, asphalt roofing, phone availability, and public and private water sources. The property reflects a 6.05% CAP rate based on 2025 operating performance.
The property is located at 112 Whipple Street in Prescott, Arizona, within the MF-H zoning designation. Site and building features include handicap access with an accessible approach ramp, asphalt roofing, phone availability, and public and private water sources. The property reflects a 6.05% CAP rate based on 2025 operating performance.
Key Highlights
- NNN lease with salon tenant through 2034
- 0.3‑acre commercial parcel at 112 Whipple Street, Prescott, AZ 86301
- 6.05% CAP rate based on 2025 operating performance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,113
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$802,260
$802.3K
Cap Rate 7%
$573,043
$573.0K
Cap Rate 9%
$445,700
$445.7K
Market Conditions
NOI Build-Up for 2,758 SF
Gross rent
$64.2K $23.28/SF
− Vacancy
−$10.7K −$3.89/SF
EGI
$53.5K $19.39/SF
− OpEx
−$13.4K −$4.85/SF
NOI
$40.1K $14.54/SF
Area
Yavapai County, AZ
Vacancy
16.70%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$802,260
Cap Rate 7%
$573,043
Cap Rate 9%
$445,700
Alternative Uses
Best Use
Office B
$573.0K
$501.4K – $668.6K
NOI $40,113 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$923.9K
$808.4K – $1.08M
NOI $64,675 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,224
Businesses Nearby
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
NNN property - Occupied salon property with a long-term lease and limited landlord responsibilities.
Where is this nnn property located?
The property is located at 112 Whipple Street Prescott, AZ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: NNN lease with salon tenant through 2034; 0.3‑acre commercial parcel at 112 Whipple Street, Prescott, AZ 86301; 6.05% CAP rate based on 2025 operating performance
