Class A Office Suite with
116 S Alto Street Prescott, AZ 86303
116 S Alto Street, Prescott, AZ, 86303
$719,900
For Sale
$719,900
Class A office space with six suites, conference and reception area, plus a private one-bedroom apartment.
Property Size2,800 SF
Price / SF$257.11
Days on Market36
Property Features for 116 S Alto Street
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1974
Listing agency
Berkshire Hathaway HomeService AZ Properties
(928) 710-1832
Listed by
Benjamin Filer · License #BR008150000
(928) 710-1832
Source
Sunhaven-realestate
Added: Jun 17 Updated: Jul 21 at 11:05PM Checked: Jul 21 at 11:05PM
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 Berkshire Hathaway HomeService AZ Properties
Investment Insights
Based on property information with market context.
Class A office space offered for sale featuring six office suites, a conference room, and a waiting room with an adjoining reception office. The layout also includes a multi-stall restroom area and a private one-bedroom apartment with its own bathroom, living room, and kitchen.
The property is described as being minutes from downtown. The public remarks also reference the surrounding “tall pines” setting.
This configuration supports a professional office arrangement with dedicated meeting and reception space, along with an on-site private living unit.
The property is described as being minutes from downtown. The public remarks also reference the surrounding “tall pines” setting.
This configuration supports a professional office arrangement with dedicated meeting and reception space, along with an on-site private living unit.
Key Highlights
- Class A office space built in 1974
- Total 2,800 SF office layout with 6 office suites
- Includes conference room and waiting room with adjoining reception office
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.2k | $23.28 |
| − Vacancy | −$10.9k | −$3.89 |
| EGI | $54.3k | $19.39 |
| − OpEx | −$13.6k | −$4.85 |
| NOI | $40.7k | $14.54 |
2,800 SF · lease $23.28/SF/yr · vacancy 16.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$581.8K
$509.1K – $678.7K
NOI $40,724 @ 7.0% cap · market cap 5.66%
Second Best
Mixed Use
$540.0K
$472.5K – $630.0K
NOI $37,800 @ 7.0% cap · market cap 5.25%
Theoretical Best
Warehouse
$938.0K
$820.7K – $1.09M
NOI $65,659 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Magic 99.1
Radio Station
Arizona Shine
Radio Station
Great Circle Media ...
Radio Station
KTMG Magic 99.1
Hotel & Motel
Fun Oldies 1450AM
Radio Station
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FAQs
What type of property is this?
Office units - Class A office space with six suites, conference and reception area, plus a private one-bedroom 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 $719,900.
What are key features of this property?
This property features: Class A office space built in 1974; Total 2,800 SF office layout with 6 office suites; Includes conference room and waiting room with adjoining reception office
