Highway Frontage Office
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 Market50
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
Listed By:
Robert Beyea · License #SA672357000
(928) 848-0552
Source:
Thebergaminigroup
Added: Aug 25
Changed: Oct 3
Last Checked: Oct 7 at 4:26PM
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 / Yr
$174,856
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
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Market
Vacancy Rate% for Office in West region
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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
