18-Suite Office
1301 Prescott Lakes Parkway, Prescott, AZ 86301
For Sale
New
$750,000
Commercial Sale, Prescott, AZ
Property Size2,880 SF
Lot Size0.71 Acres
Price / SF$260.42
Days on Market6
Property Features for 1301 Prescott Lakes Parkway
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Parking
Security features
Interior features
Exterior features
Accessibility
Subdivision
Lot features
Directions
Standard status
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Water source
Amenities
break room
unisex restrooms
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Realty Executives Arizona Territory
(928) 777-0257
Listed By:
Theresa Koshollek
(928) 925-8830
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 7 at 6:06PM
MLS# 1086114
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.
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Investment Insights
Based on property information with market context.
This office building has 18 individual suites, a break room and two unisex restrooms. Built in 1999, it sits on a 0.71-acre parcel and is zoned BG. Interior features include tile and carpet flooring, central air conditioning, electric heat and a security alarm. An accessible approach with a ramp is also provided.
The property occupies a corner at a signalized intersection with an estimated 40,000 vehicles passing daily. Highway 69 is less than 3 miles away. Public water and phone service are available.
The property occupies a corner at a signalized intersection with an estimated 40,000 vehicles passing daily. Highway 69 is less than 3 miles away. Public water and phone service are available.
Key Highlights
- 18 individual office suites, a break room and two unisex restrooms
- Signalized corner location with approximately 40,000 vehicles passing daily
- Less than 3 miles from Highway 69
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,887
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$837,740
$837.7K
Cap Rate 7%
$598,386
$598.4K
Cap Rate 9%
$465,411
$465.4K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$67.0K $23.28/SF
− Vacancy
−$11.2K −$3.89/SF
EGI
$55.8K $19.39/SF
− OpEx
−$14.0K −$4.85/SF
NOI
$41.9K $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%
$837,740
Cap Rate 7%
$598,386
Cap Rate 9%
$465,411
Alternative Uses
Best Use
Office B
$598.4K
$523.6K – $698.1K
NOI $41,887 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$964.8K
$844.2K – $1.13M
NOI $67,535 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
18
Office units
Location Intelligence
Trade Area within ½ mile
74
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
$495,100
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Prescott, AZ
Properties on Market for Office buildings in Prescott
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - A signalized corner position exposes the office property to approximately 40,000 vehicles per day.
Where is this office building located?
The property is located at 1301 Prescott Lakes Parkway Prescott, AZ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 18 individual office suites, a break room and two unisex restrooms; Signalized corner location with approximately 40,000 vehicles passing daily; Less than 3 miles from Highway 69
