Three-Building Office
For Sale
$5,437,518
3207 3205 3203 and 3201 Lakeside Village, Prescott, AZ 86301
Three architecturally cohesive office buildings built 2007, 2014, and 2018, offered as a fully leased NNN portfolio.
Property Size22,395 SF
Price / SF$242.80
Days on Market44
Property Features for 3207 3205 3203 and 3201 Lakeside Village
General Information
Standard status
Active
Size
22,395 SF
Class
B
Property subtype
Office - General Office
Occupancy
100%
Building Details
Building Size
22,395 SF
Year Built
2014
Listing Agency:
Arizona Commercial Real Estate
(480) 309-1089
Listed By:
Matthew Fish · License #BR626105000
Source:
Commercialcafe
Added: Jul 17
Changed: Aug 10
Last Checked: Aug 29 at 6:19AM
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 Arizona Commercial Real Estate
Investment Insights
Based on property information with market context.
This for-sale office portfolio consists of three architecturally cohesive buildings totaling 22,395 square feet, constructed in 2007, 2014, and 2018. The campus setting is designed with attractive landscaping and abundant parking, and it is offered as a fully leased investment on NNN leases with annual rental escalations.
The portfolio is anchored by HOAMCO, a community association management firm, with Prescott serving as its corporate headquarters and its executive leadership and key operational staff occupying the majority of the campus. The property includes addresses at 3207, 3205, 3203 and 3201 Lakeside Village, Prescott, Arizona.
According to the remarks, Lakeside Village Drive has become a premier business corridor, and there is continued development momentum in the immediate area, including multiple new commercial buildings currently under construction adjacent to the property.
The portfolio is anchored by HOAMCO, a community association management firm, with Prescott serving as its corporate headquarters and its executive leadership and key operational staff occupying the majority of the campus. The property includes addresses at 3207, 3205, 3203 and 3201 Lakeside Village, Prescott, Arizona.
According to the remarks, Lakeside Village Drive has become a premier business corridor, and there is continued development momentum in the immediate area, including multiple new commercial buildings currently under construction adjacent to the property.
Key Highlights
- Three‑building office portfolio totaling 22,395 SF across three architecturally cohesive buildings
- Buildings constructed in 2007, 2014, and 2018
- Fully leased investment with NNN leases and annual rental escalations
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
$325,717
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
5.99%
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%
$6,514,340
$6.5M
Cap Rate 7%
$4,653,100
$4.7M
Cap Rate 9%
$3,619,078
$3.6M
Market Conditions
NOI Build-Up for 22,395 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
$521.4K $23.28/SF
− Vacancy
−$87.1K −$3.89/SF
EGI
$434.3K $19.39/SF
− OpEx
−$108.6K −$4.85/SF
NOI
$325.7K $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%
$6,514,340
Cap Rate 7%
$4,653,100
Cap Rate 9%
$3,619,078
Alternative Uses
Best Use
Office B
$4.65M
$4.07M – $5.43M
NOI $325,717 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$7.50M
$6.56M – $8.75M
NOI $525,158 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
353
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three architecturally cohesive office buildings built 2007, 2014, and 2018, offered as a fully leased NNN portfolio.
Where is this office building located?
The property is located at 3207 3205 3203 and 3201 Lakeside Village Prescott, AZ.
What is the asking price?
The asking price for this property is $5,437,518.
What are key features of this property?
This property features: Three‑building office portfolio totaling 22,395 SF across three architecturally cohesive buildings; Buildings constructed in 2007, 2014, and 2018; Fully leased investment with NNN leases and annual rental escalations
