NNN Property with Salon
For Sale
$650,000
Pending
112 Whipple Street, Prescott, AZ 86301
A salon-occupied commercial building carries a NNN lease through 2034 and includes paved on-site parking.
Property Size2,758 SF
Days on Market52
Property Features for 112 Whipple Street
General Information
Standard status
Pending
Size
2,758 SF
Property subtype
Office
Net Operating Income
$39,367
Financials
Asking Price
$650,000
Cap Rate
6.05%
Taxes and HOA fees
Annual Taxes
$3,885
Building Details
Building Size
2,758 SF
Year Built
1994
Tenancy
Single
Owner Occupied
No
Listing Agency:
Arizona Commercial
Listed By:
Abigail Chartier · License #SA710066000
(928) 642-3032
Source:
Adobegr
Added: Aug 24
Changed: Oct 4
Last Checked: Oct 12 at 11:52PM
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 Arizona Commercial
Investment Insights
Based on property information with market context.
This NNN property comprises a 2,758-square-foot commercial building in Prescott, Arizona. Built in 1994, the asset includes central air, ceiling fans, a paved driveway, and 17 on-site parking spaces. The current salon tenant occupies the property under a NNN lease extending through 2034.
The lease assigns property expenses, maintenance, and operating costs to the tenant, limiting the landlord’s ongoing responsibilities. The property is located at 112 Whipple Street in Prescott, providing an identified commercial address for the income-producing asset.
The lease assigns property expenses, maintenance, and operating costs to the tenant, limiting the landlord’s ongoing responsibilities. The property is located at 112 Whipple Street in Prescott, providing an identified commercial address for the income-producing asset.
Key Highlights
- 2,758 SF commercial property in Prescott, Arizona
- Salon tenant under NNN lease through 2034
- Tenant responsible for property expenses, maintenance, and operating costs
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
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
NNN property - A salon-occupied commercial building carries a NNN lease through 2034 and includes paved on-site parking.
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: 2,758 SF commercial property in Prescott, Arizona; Salon tenant under NNN lease through 2034; Tenant responsible for property expenses, maintenance, and operating costs
