Office Units with Private
For Sale
$679,000
116 S Alto Street, Prescott, AZ 86303
Commercial Sale, Prescott, AZ
Property Size2,800 SF
Lot Size0.24 Acres
Price / SF$242.50
Days on Market101
Property Features for 116 S Alto Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
BG
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
12
Security features
Security System, Security
Interior features
Security/Alarm, Fire/Smoke Detector
Exterior features
Fence
Fencing
Fenced
Subdivision
Fleurys Addition
Directions
From courthouse, go west on Gurley St, continue past Park Ave, 2nd left from Park Ave., to building on right.
Standard status
Active
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FLEURY ADD BEING A PTN OF LOT 9 BLK 14 LYNG 150' FROM THE NE C OR OF SAID LOT
Tax Annual Amount
2710
Legal Description
FLEURY ADD BEING A PTN OF LOT 9 BLK 14 LYNG 150' FROM THE NE C OR OF SAID LOT
Utilities
Utilities
Phone Available
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
conference room
waiting room
reception office
multi sex bathroom
private apartment
Building Details
Year built
1974
Floors in Building
1
Number of units
1
Flooring type
Laminate, Carpet
Building materials
Block/Brick, Stucco, Frame
Roof type
Rolled Hot Mop
Listing Agency:
Berkshire Hathaway HomeService AZ Properties · Berkshire Hathaway HomeServices
(928) 778-3400
Listed By:
Benjamin Filer · License #BR008150000
(928) 710-1832
Added: Jun 17
Changed: Sep 25
Last Checked: Sep 25 at 5:06AM
MLS# 1083083
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.
Investment Insights
Based on property information with market context.
This office property includes 6 office suites supported by a conference room, waiting area, adjoining reception office, and bathroom facilities. A private one-bedroom apartment adds a separate living room, kitchen, and private bath to the property’s commercial configuration. Interior finishes include carpet and laminate flooring, with central air and natural gas heat.
Built in 1974, the property occupies 0.24 acres and is zoned BG. Additional features include fire and smoke detection, security/alarm systems, fencing, public water, phone availability, and block/brick, frame, and stucco construction. The property is located in Prescott, minutes from downtown.
Built in 1974, the property occupies 0.24 acres and is zoned BG. Additional features include fire and smoke detection, security/alarm systems, fencing, public water, phone availability, and block/brick, frame, and stucco construction. The property is located in Prescott, minutes from downtown.
Key Highlights
- 6 office suites with conference room, waiting room, and adjoining reception office
- Private one‑bedroom apartment with bath, living room, and kitchen
- 0.24‑acre property in Prescott
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
$40,724
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
6.00%
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%
$814,480
$814.5K
Cap Rate 7%
$581,771
$581.8K
Cap Rate 9%
$452,489
$452.5K
Market Conditions
NOI Build-Up for 2,800 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
$65.2K $23.28/SF
− Vacancy
−$10.9K −$3.89/SF
EGI
$54.3K $19.39/SF
− OpEx
−$13.6K −$4.85/SF
NOI
$40.7K $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 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%
$814,480
Cap Rate 7%
$581,771
Cap Rate 9%
$452,489
Alternative Uses
Best Use
Office B
$581.8K
$509.1K – $678.7K
NOI $40,724 @ 7.0% cap · market cap 6.00%
Second Best
Mixed Use
$540.0K
$472.5K – $630.0K
NOI $37,800 @ 7.0% cap · market cap 5.57%
Theoretical Best
Warehouse
$938.0K
$820.7K – $1.09M
NOI $65,659 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Office units
Location Intelligence
Trade Area within ½ mile
1,037
Businesses Nearby
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
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?
Office units - Office configuration includes multiple suites, shared meeting and reception areas, plus an attached residential apartment.
Where is this office units located?
The property is located at 116 S Alto Street Prescott, AZ.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 6 office suites with conference room, waiting room, and adjoining reception office; Private one‑bedroom apartment with bath, living room, and kitchen; 0.24‑acre property in Prescott
