Office Suites with Handicap
For Sale
$650,000
Pending
1670 Willow Creek Road, Prescott, AZ 86301
SINGLE_FAMILY - Prescott, AZ
Property Size1,944 SF
Days on Market135
Property Features for 1670 Willow Creek Road
General Information
Property type
Residential
Property subtype
Office
Zoning
BG
Zoning description
Business General
Parking
6
Exterior features
Handicap Access
Accessibility
Accessible Approach with Ramp
Lot features
Landscaped
Directions
Traveling North on Willow Creek Road, turn left or west on Rosser St. then turn into the 1st driveway on the left and go the 1st building on your right. The building is just 2 blocks north of Dignity Health YRMC hospital's west campus.
Standard status
Pending
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2378
Utilities
Utilities
Natural Gas Available
Heating system
Natural Gas
Cooling system
Gas (Cooling)
Water source
Public
Building Details
Year built
1995
Number of units
2
Flooring type
Tile, Vinyl
Building materials
Frame, Stucco
Roof type
Metal
Listing Agency:
Better Homes And Gardens Real Estate Bloomtree Realty
(928) 443-8800
Listed By:
Raymond G. Zogob · License #SA553424000
(619) 997-3329
Added: Mar 27
Changed: Aug 6
Last Checked: Aug 8 at 9:06PM
MLS# 1080709
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.
Investment Insights
Based on property information with market context.
Professional medical and/or office building for sale along the Willow Creek Road corridor, within the Sante Fe Office Park commercial subdivision. The building is approximately 1,944 SF and was built in 1995. It features an accessible approach with ramp and handicap access, natural gas heating, gas cooling, a metal roof, and interior finishes including tile and vinyl flooring.
The property is configured as two suites. Suite A is available for occupancy by July 2026 and includes two private offices, a large open bullpen area that can accommodate up to 6 partitioned workstations, a waiting/reception area, kitchen/breakroom, a large storage closet, and 1 restroom. Suite A also has a rear exit door and outdoor patio area. Suite B includes 3 private offices, a waiting/reception area, 1 restroom, a conference room, and a kitchen/breakroom, and is currently occupied by the Ageless Living Institute and Edward Jones.
The building is positioned at the north entrance into the commercial complex, with very good building visibility and signage. Unreserved on-site parking is available within the Sante Fe Office park subdivision. Public water service and natural gas are available.
The property is configured as two suites. Suite A is available for occupancy by July 2026 and includes two private offices, a large open bullpen area that can accommodate up to 6 partitioned workstations, a waiting/reception area, kitchen/breakroom, a large storage closet, and 1 restroom. Suite A also has a rear exit door and outdoor patio area. Suite B includes 3 private offices, a waiting/reception area, 1 restroom, a conference room, and a kitchen/breakroom, and is currently occupied by the Ageless Living Institute and Edward Jones.
The building is positioned at the north entrance into the commercial complex, with very good building visibility and signage. Unreserved on-site parking is available within the Sante Fe Office park subdivision. Public water service and natural gas are available.
Key Highlights
- Approximately 1,944 SF office building in Sante Fe Office Park subdivision
- BG zoning and accessible approach with ramp plus handicap access
- Suite A ready for occupancy by July 2026, with patio and rear exit door
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
Property Profile
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
814
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 units - Available for occupancy by July 2026; handicap-accessible office suites in BG zoning.
Where is this office units 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: Approximately 1,944 SF office building in Sante Fe Office Park subdivision; BG zoning and accessible approach with ramp plus handicap access; Suite A ready for occupancy by July 2026, with patio and rear exit door
