Single-Tenant Medical
For Sale
$850,000
1124 Willow Creek Road, Prescott, AZ 86301
Dental office with a specialized clinical buildout and triple-net lease structure.
Property Size2,136 SF
Price / SF$397.94
Days on Market12
Property Features for 1124 Willow Creek Road
General Information
Standard status
Active
Size
2,136 SF
Property subtype
General Commercial
Occupancy
100%
Amenities
Central Air, Ceiling Fan(s)
3
15 Parking Spaces. Paved Driveway.
Building Details
Year Built
1974
Tenancy
Single
Listing Agency:
(928) 899-3111
Listed By:
Invest Southwest
(928) 899-3111
Source:
Xome
Added: Jul 30
Changed: Aug 9
Last Checked: Aug 10 at 3:03AM
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 Invest Southwest
Investment Insights
Based on property information with market context.
This 2,136-square-foot medical office is configured for dental and specialty oral healthcare use. The property is fully leased to a dental practice and includes a medical-grade interior with multiple operatories and tenant improvements tailored to clinical operations. Central air and ceiling fans support the interior environment, while the building dates to 1974.
The asset is located at 1124 Willow Creek Road in Prescott, Arizona. Site features include 15 parking spaces and a paved driveway. The lease is structured on a triple-net basis, with approximately five years remaining on the initial 10-year term and one five-year renewal option. The specialized buildout and existing healthcare configuration provide a defined operating framework for the current tenancy.
The asset is located at 1124 Willow Creek Road in Prescott, Arizona. Site features include 15 parking spaces and a paved driveway. The lease is structured on a triple-net basis, with approximately five years remaining on the initial 10-year term and one five-year renewal option. The specialized buildout and existing healthcare configuration provide a defined operating framework for the current tenancy.
Key Highlights
- 2,136‑square‑foot medical office at 1124 Willow Creek Road, Prescott, AZ 86301
- Fully leased to a dental practice
- Medical‑grade buildout with multiple operatories and tenant improvements
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,799
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$695,980
$696.0K
Cap Rate 7%
$497,129
$497.1K
Cap Rate 9%
$386,656
$386.7K
Market Conditions
NOI Build-Up for 2,136 SF
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.
Gross rent
$62.0K $29.04/SF
− Vacancy
−$4.0K −$1.89/SF
EGI
$58.0K $27.15/SF
− OpEx
−$23.2K −$10.86/SF
NOI
$34.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$695,980
Cap Rate 7%
$497,129
Cap Rate 9%
$386,656
Alternative Uses
Best Use
Healthcare Medical
$497.1K
$435.0K – $580.0K
NOI $34,799 @ 7.0% cap · market cap 4.09%
Second Best
Office B
$443.8K
$388.3K – $517.8K
NOI $31,066 @ 7.0% cap · market cap 3.65%
Theoretical Best
Warehouse
$715.6K
$626.1K – $834.8K
NOI $50,089 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
814
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Dental office with a specialized clinical buildout and triple-net lease structure.
Where is this medical office space located?
The property is located at 1124 Willow Creek Road Prescott, AZ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,136‑square‑foot medical office at 1124 Willow Creek Road, Prescott, AZ 86301; Fully leased to a dental practice; Medical‑grade buildout with multiple operatories and tenant improvements
