Exceptional Location, Commercial/Residential
1237 N Rhinestone Dr Prescott, AZ 86301
1237 N Rhinestone Dr, Prescott, AZ, 86301
$849,500
For Sale
$849,500
Rare Opportunity for Exceptional Location Zoned For Commercial and/or Residential
Property Size2,863 SF
Lot Size0.91 Acres
Price / SF$296.72
Days on Market248
Property Features for 1237 N Rhinestone Dr
General Information
- Standard status
- Active
- Property type
- Office buildings, Office Spaces
- Size
- 2,863 SF
- Net Rentable
- 2,863 SF
- Total Parking Spaces
- 11
- Lot size
- 0.91 Acres
Building Details
- Year Built
- 2004
- Buildings
- 1
- Stories
- 1
Listing agency
(928) 515-2363
Listed by
Living
(928) 515-2363
Added: Nov 15, 2025 Updated: Apr 8 at 2:26PM
Investment Insights
Based on property information with market context.
This property, originally constructed as a model home, is situated in a rapidly developing area near a new hospital and offers significant advertising potential due to its visibility from Highway 69, a major thoroughfare to Prescott. The property is centrally located to serve Prescott, Prescott Valley, Chino Valley, and Dewey, Arizona. Zoned RS-12 (Residential and Services), it features professional landscaping and a recently resurfaced and sealed parking lot, providing convenient access to the Quad Cities area. The building's placement ensures minimal neighbor visibility and maximizes views of the valley and mountains. The 2863-square-foot property can function as a residence, a commercial space, or a combination of both, offering diverse income opportunities. A separate residential entrance allows for dual-purpose use, enabling occupancy or rental of the residential section. The walk-in basement facilitates remodeling and provides ample storage. The commercial septic system is designed to accommodate an additional building. Located in Yavapai County, the property benefits from the absence of city taxes. The lot size is 0.91 acres.
Key Highlights
- Zoning: RS‑12 (Residential and Services)
- Centrally located to serve Prescott, Prescott Valley, Chino Valley and Dewey, Arizona (Quad Cities).
- Dual‑purpose layout with separate residential entrance. Escape the commute and occupy or rent the residential side.
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 | $66.7k | $23.28 |
| − Vacancy | −$11.1k | −$3.89 |
| EGI | $55.5k | $19.39 |
| − OpEx | −$13.9k | −$4.85 |
| NOI | $41.6k | $14.54 |
2,863 SF · lease $23.28/SF/yr · vacancy 16.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$594.9K
$520.5K – $694.0K
NOI $41,640 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$959.1K
$839.2K – $1.12M
NOI $67,137 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Health and Healing Center
Medical Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Rare Opportunity for Exceptional Location Zoned For Commercial and/or Residential
Where is this office building located?
The property is located at 1237 N Rhinestone Dr Prescott, AZ.
What is the asking price?
The asking price for this property is $849,500.
What are key features of this property?
This property features: Zoning: RS‑12 (Residential and Services); Centrally located to serve Prescott, Prescott Valley, Chino Valley and Dewey, Arizona (Quad Cities).; Dual‑purpose layout with separate residential entrance. Escape the commute and occupy or rent the residential side.
