Highway Frontage Office
New
For Sale
$3,292,000
2225 E State Route 69, Prescott, AZ 86303
Business Regional zoning, dual highway driveways, and a grade-level pedestrian entrance serve a multi-space commercial building.
Property Size10,000 SF
Price / SF$326.36
Days on Market5
Property Features for 2225 E State Route 69
General Information
Standard status
Active
Size
10,000 SF
Total Parking Spaces
40
Zoning
Business Regional
Site & Location
Traffic Count
37,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
3
Amenities
high ceilings
skylights
handicap accessible restrooms
covered entrance
garage door
Building Details
Year Built
1993
Buildings
1
Building Size
10,000 SF
Listing Agency:
Realty ONE Group Mountain Desert
(928) 848-0552
Listed By:
Robert Beyea · License #SA672357000
Source:
Thebergaminigroup
Added: Aug 25
Changed: Aug 28
Last Checked: Aug 28 at 9:07PM
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 Realty ONE Group Mountain Desert
Investment Insights
Based on property information with market context.
This 1993 office building is configured with three distinct spaces and a grade-level pedestrian entrance. Space B measures approximately 4,200 SF and includes carpeted and concrete office or storage areas, terracotta tile flooring, high ceilings, exposed beams and ductwork, track lighting, skylights, and two handicap-accessible restrooms. Space C contains approximately 1,800 SF, a concrete floor, a carpeted office, a separate covered entrance, a handicap-accessible restroom, and a garage door opening to the parking lot. Space A, approximately 4,000 SF, is leased to Cornerstone Family Chiropractic.
The property fronts State Route 69 with 400'+ of highway frontage, two driveways, a north-facing patio entrance for Space C, and approximately 40+/- parking spaces. A leased billboard is positioned at the west end of the parking lot and faces east. Highway 69 carries 37,000++ vehicles per day according to the source information.
The property fronts State Route 69 with 400'+ of highway frontage, two driveways, a north-facing patio entrance for Space C, and approximately 40+/- parking spaces. A leased billboard is positioned at the west end of the parking lot and faces east. Highway 69 carries 37,000++ vehicles per day according to the source information.
Key Highlights
- 400'+ highway frontage on State Route 69
- 37,000++ vehicles per day travel the highway
- Approximately 40+/- parking spaces with two highway driveways
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
$174,856
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
5.31%
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%
$3,497,120
$3.5M
Cap Rate 7%
$2,497,943
$2.5M
Cap Rate 9%
$1,942,844
$1.9M
Market Conditions
NOI Build-Up for 10,087 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
$262.7K $26.04/SF
− Vacancy
−$12.9K −$1.28/SF
EGI
$249.8K $24.76/SF
− OpEx
−$74.9K −$7.43/SF
NOI
$174.9K $17.33/SF
Area
Yavapai County, AZ
Vacancy
4.90%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
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%
$3,497,120
Cap Rate 7%
$2,497,943
Cap Rate 9%
$1,942,844
Alternative Uses
Best Use
Retail
$2.50M
$2.19M – $2.91M
NOI $174,856 @ 7.0% cap · market cap 5.31%
Second Best
Office B
$2.10M
$1.83M – $2.45M
NOI $146,707 @ 7.0% cap · market cap 4.46%
Theoretical Best
Warehouse
$3.38M
$2.96M – $3.94M
NOI $236,538 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
37,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Explore this area
Business Placement
Demographics for 86303, AZ
18,201
Population
12,255
Households
1.5
Avg Household Size
61
Median Age
41%
College-Educated
96%
High-School Grad
107.2 sq mi
ZIP Area
170
Density / Sq Mi
$68,656
Median Household Income
$44,428
Median Earnings
$1,309
Median Rent
$502,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Business Regional zoning, dual highway driveways, and a grade-level pedestrian entrance serve a multi-space commercial building.
Where is this office building located?
The property is located at 2225 E State Route 69 Prescott, AZ.
What is the asking price?
The asking price for this property is $3,292,000.
What are key features of this property?
This property features: 400'+ highway frontage on State Route 69; 37,000++ vehicles per day travel the highway; Approximately 40+/- parking spaces with two highway driveways
