Medical Office Suite with
For Sale
$650,000
Pending
1670 Willow Creek Road, Prescott, AZ 86301
Suite A offers private offices, open bullpen, waiting area, kitchen/breakroom, restroom, and a patio rear exit door.
Property Size1,944 SF
Days on Market192
Property Features for 1670 Willow Creek Road
General Information
Standard status
Pending
Size
1,944 SF
Property subtype
Office
Lease Type
Gross
Amenities
kitchen / breakroom
outdoor patio area
Gas
3
6 Parking Spaces. Paved Driveway.
Building Details
Year Built
1995
Listing Agency:
Better Homes And Gardens Real Estate Bloomtree Realty
(619) 997-3329
Listed By:
Raymond Zogob · License #SA553424000
(619) 997-3329
Source:
Xome
Added: Jan 28
Changed: Aug 8
Last Checked: Aug 8 at 3:43AM
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 Better Homes And Gardens Real Estate Bloomtree Realty
Investment Insights
Based on property information with market context.
Professional medical and/or office building for sale in the Santa Fe Office Park commercial subdivision, located along the Willow Creek Road corridor. The property includes Suite A, which is being offered for lease, and Suite B, which is currently occupied by the Ageless Living Institute and Edward Jones.
Suite A features two private offices plus a large open bullpen area that can accommodate up to six partitioned workstations, with the possibility of creating additional private office space within the bullpen area. The suite also includes a waiting/reception area, kitchen/breakroom, a large storage closet, and one restroom, along with a rear exit door and an outdoor patio area. Suite B includes three private offices, a waiting/reception area, one restroom, a conference room, and a kitchen/breakroom.
The building is positioned at the north entrance of the commercial complex and offers visibility and signage. Unreserved on-site parking is available within the Santa Fe Office Park subdivision, and Suite A is targeted for occupancy by July 2026.
Suite A features two private offices plus a large open bullpen area that can accommodate up to six partitioned workstations, with the possibility of creating additional private office space within the bullpen area. The suite also includes a waiting/reception area, kitchen/breakroom, a large storage closet, and one restroom, along with a rear exit door and an outdoor patio area. Suite B includes three private offices, a waiting/reception area, one restroom, a conference room, and a kitchen/breakroom.
The building is positioned at the north entrance of the commercial complex and offers visibility and signage. Unreserved on-site parking is available within the Santa Fe Office Park subdivision, and Suite A is targeted for occupancy by July 2026.
Key Highlights
- ±1,944 SF professional medical/office building in the Sante Fe Office Park commercial subdivision
- For sale at $650,000; Suite A also available for lease at $2,240/mo gross ($20/sf/yr plus $3.50/sf/yr NNN) plus utilities
- Suite A features 2 private offices, open bullpen for up to 6 workstations, waiting/reception, kitchen/breakroom, storage, 1 restroom, and rear patio exit
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
$31,671
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
4.87%
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%
$633,420
$633.4K
Cap Rate 7%
$452,443
$452.4K
Cap Rate 9%
$351,900
$351.9K
Market Conditions
NOI Build-Up for 1,944 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
$56.5K $29.04/SF
− Vacancy
−$3.7K −$1.89/SF
EGI
$52.8K $27.15/SF
− OpEx
−$21.1K −$10.86/SF
NOI
$31.7K $16.29/SF
Area
Yavapai County, AZ
Vacancy
6.50%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
40.00%
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%
$633,420
Cap Rate 7%
$452,443
Cap Rate 9%
$351,900
Alternative Uses
Best Use
Healthcare Medical
$452.4K
$395.9K – $527.9K
NOI $31,671 @ 7.0% cap · market cap 4.87%
Second Best
Office B
$403.9K
$353.4K – $471.2K
NOI $28,274 @ 7.0% cap · market cap 4.35%
Theoretical Best
Warehouse
$651.2K
$569.8K – $759.8K
NOI $45,586 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
Well-served
Demand for This Use
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?
Medical Office Space - Suite A offers private offices, open bullpen, waiting area, kitchen/breakroom, restroom, and a patio rear exit door.
Where is this medical office space located?
The property is located at 1670 Willow Creek Road Prescott, AZ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: ±1,944 SF professional medical/office building in the Sante Fe Office Park commercial subdivision; For sale at $650,000; Suite A also available for lease at $2,240/mo gross ($20/sf/yr plus $3.50/sf/yr NNN) plus utilities; Suite A features 2 private offices, open bullpen for up to 6 workstations, waiting/reception, kitchen/breakroom, storage, 1 restroom, and rear patio exit
