Spa & Wellness Property with
For Sale
Contact for pricing
115 S ALTO Street, Prescott, AZ 86303
Business general zoning and ADA compliance support a range of service-oriented commercial concepts.
Property Size741 SF
Price / SF$0.05
Days on Market62
Property Features for 115 S ALTO Street
General Information
Standard status
Active
Size
741 SF
Property subtype
Comm/industry Lease
Zoning
business general
Listing Agency:
Better Homes and Gardens Real Estate BloomTree Realty
(928) 443-8800
Listed By:
Daniel Walters · License #SA692365000
(928) 458-4395
Source:
Lisaroberts
Added: Aug 16
Changed: Oct 13
Last Checked: Oct 14 at 10:27PM
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 Real Estate BloomTree Realty
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Investment Insights
Based on property information with market context.
Located at 115 S Alto Street in Prescott, this spa and wellness property was previously used as a salon. The asset includes a dedicated parking lot and is described as ADA compliant. Business general zoning is in place. The property sits less than one mile from Downtown Prescott, within a central commercial setting. The stated use profile includes spa, medical clinic, massage studio, tattoo parlor, wellness studio, boutique service, and professional office concepts.
Key Highlights
- Business general zoning
- Dedicated parking lot
- Previously used as a salon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,777
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,540
$215.5K
Cap Rate 7%
$153,957
$154.0K
Cap Rate 9%
$119,744
$119.7K
Market Conditions
NOI Build-Up for 741 SF
Gross rent
$17.3K $23.28/SF
− Vacancy
−$2.9K −$3.89/SF
EGI
$14.4K $19.39/SF
− OpEx
−$3.6K −$4.85/SF
NOI
$10.8K $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%
$215,540
Cap Rate 7%
$153,957
Cap Rate 9%
$119,744
Alternative Uses
Best Use
Office B
$154.0K
$134.7K – $179.6K
NOI $10,777 @ 7.0% cap · market cap 27,633.33%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$248.2K
$217.2K – $289.6K
NOI $17,376 @ 7.0% cap · market cap 44,553.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,037
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 86303, AZ
18,201
Population
12,255
Households
1.5
Avg Household Size
61
Median Age
41%
College-Educated
96%
High-School Grad
107.2 sq mi
ZIP Area
170
Density / Sq Mi
$68,656
Median Household Income
$44,428
Median Earnings
$1,309
Median Rent
$502,400
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
Similar Off Market Nearby
- Partners-Healthcare Naturally: Nishek Stephanie — 343 S Montezuma St, Prescott, AZ 86303
- Partners-Healthcare Naturally: Eaton Lois — 343 S Montezuma St, Prescott, AZ 86303
- Naturally Driven Healthcare — 240 S Montezuma St STE 201, Prescott, AZ 86303
- Pine Grove Acupuncture — 450 W Goodwin St #103b, Prescott, AZ 86303
- James-Marco Health — 132 S Montezuma St, Prescott, AZ 86303
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Business general zoning and ADA compliance support a range of service-oriented commercial concepts.
Where is this spa & wellness property located?
The property is located at 115 S ALTO Street Prescott, AZ.
What are key features of this property?
This property features: Business general zoning; Dedicated parking lot; Previously used as a salon
