Multi-Tenant Medical Office Building

199 S Candy Lane, Cottonwood, AZ 86326

For Sale

$2,715,000

The PAD-zoned property is fully leased and situated beside Verde Valley Medical Center.

Property Size10,352 SF

Price / SF$262.27

Days on Market416

Property Features for 199 S Candy Lane

General Information

Standard status Active

Size 10,352 SF

Property subtype Commercial

Zoning PAD

Occupancy 100%

Additional Details

Tenant in Place Yes

Property Use Medical Office

Taxes and HOA fees

Annual Taxes $10,365

Building Details

Building Size 10,352 SF

Year Built 1990

Buildings 1

Stories 1

Tenancy Multi

Listing Agency: Berkshire Hathaway HomeServices Arizona Properties

Listed By: Patty Camp Schmid

Source: Jlberrycompany

Added: Sep 25, 2025 Changed: Nov 11 Last Checked: Nov 13 at 9:08AM

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 Berkshire Hathaway HomeServices Arizona Properties

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Investment Insights

Based on property information with market context.

Built in 1990, this 10,352-square-foot medical office property contains multiple tenant spaces and is fully leased. Its purpose-built configuration supports medical office use, with PAD zoning.

The building at 199 S Candy Lane in Cottonwood is adjacent to Verde Valley Medical Center, part of Northern Arizona Healthcare. A new cancer center at the medical center has recently broken ground and is intended to serve northern Arizona.

Key Highlights

10,352‑square‑foot medical office building
Fully leased, multi‑tenant configuration
Adjacent to Verde Valley Medical Center

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$168,649

Cap Rate

6.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,372,980 $3.4M

Cap Rate 7%

$2,409,271 $2.4M

Cap Rate 9%

$1,873,878 $1.9M

Market Conditions

NOI Build-Up for 10,352 SF

Gross rent

$300.6K $29.04/SF

− Vacancy

−$19.5K −$1.89/SF

EGI

$281.1K $27.15/SF

− OpEx

−$112.4K −$10.86/SF

NOI

$168.6K $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 Rate 5%

$3,372,980

Cap Rate 7%

$2,409,271

Cap Rate 9%

$1,873,878

Alternative Uses

Best Use

Healthcare Medical

$2.41M

$2.11M – $2.81M (±1% cap)

NOI $168,649 @ 7.0% cap · market cap 6.21%

Second Best

Office B

$2.15M

$1.88M – $2.51M (±1% cap)

NOI $150,561 @ 7.0% cap · market cap 5.55%

Theoretical Best

Warehouse

$3.47M

$3.03M – $4.05M (±1% cap)

NOI $242,752 @ 7.0% cap · market cap 8.94%

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

Property Analytics

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Open Analytics

Current Use

Dr. Scott A. Perkins, ... Ophthalmologist Fornara Eye Center: ... Physician David Herald DDS ... Dental Office Dr. Matthew Welch Ophthalmologist David Mcgarey Ophthalmologist