Building Details

Year Built 2004

Buildings 1

Stories 1

Listed By: Living Joyfully Show Phone

Added: Feb 3 Changed: Apr 8

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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.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,640

Cap Rate

4.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$832,800 $832.8K

Cap Rate 7%

$594,857 $594.9K

Cap Rate 9%

$462,667 $462.7K

Market Conditions

NOI Build-Up for 2,863 SF

Gross rent

$66.7K $23.28/SF

− Vacancy

−$11.1K −$3.89/SF

EGI

$55.5K $19.39/SF

− OpEx

−$13.9K −$4.85/SF

NOI

$41.6K $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%

$832,800

Cap Rate 7%

$594,857

Cap Rate 9%

$462,667

Alternative Uses

Best Use

Office B

$594.9K

$520.5K – $694.0K (±1% cap)

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 (±1% cap)

NOI $67,137 @ 7.0% cap · market cap 7.90%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Health and Healing Center Medical Clinic

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center Big Box & Wholesale Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

80

Businesses Nearby

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

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

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.