Office Building with Highway
New
For Sale
$3,292,000
2225 E State Route 69, Prescott, AZ 86303
Commercial Sale, Prescott, AZ
Property Size10,000 SF
Lot Size1.20 Acres
Price / SF$329.20
Days on Market3
Property Features for 2225 E State Route 69
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
BR
Zoning description
Business Regional
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 5, Bathroom 1
Parking
40
Security features
Security Lighting, Security
Interior features
Fire/Smoke Detector, Security/Alarm
Exterior features
Drip System, Handicap Access
Accessibility
Accessible Approach with Ramp
Lot features
Landscaped, Sprinklers In Front
Directions
East on State Route 69 from Prescott to Property and sign on the right.
Standard status
Active
Lot size
1.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
IRREG PCL BY M&B CONT APPROX .903AC FRNTG ALNG THE S SIDEOF HWY 6 9 & 225.01' ALNG THE N SIDE OF HOLIDAY HILLS SUB IN S2 NW4 SEC 3 6 14 2W AP35 J T
Tax Annual Amount
9759
Legal Description
IRREG PCL BY M&B CONT APPROX .903AC FRNTG ALNG THE S SIDEOF HWY 6 9 & 225.01' ALNG THE N SIDE OF HOLIDAY HILLS SUB IN S2 NW4 SEC 3 6 14 2W AP35 J T
Utilities
Utilities
Phone Available
Heating system
Natural Gas, Zoned
Cooling system
Central Air, Gas (Cooling), Evaporative Cooling
Water source
Private
Amenities
handicap accessible restrooms
covered entrance
garage door
track lighting
skylights
high ceilings
Building Details
Year built
1993
Floors in Building
1
Number of units
3
Flooring type
Concrete, Tile, Carpet
Building materials
Steel Frame, Stucco
Roof type
Metal
Listing Agency:
Realty ONE Group Mountain Desert
(928) 440-2522
Listed By:
Robert Beyea · License #SA672357000
(928) 848-0552
Added: Aug 20
Changed: Aug 22
Last Checked: Aug 22 at 9:06AM
MLS# 1084533
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.
This 1993 steel-frame and stucco office building sits on 1.2 acres and includes multiple interior areas with distinct entrances and configurations. Space B includes offices, storeroom areas, a large open area with terracotta tile flooring, high ceilings, exposed beams and ductwork, track lighting, skylights, and two accessible restrooms. Space C provides an additional open area, carpeted office, accessible restroom, covered patio-side entry, and a garage door opening to the parking lot. Space A is leased to Cornerstone Family Chiropractic. Interior access between Spaces B and C can be divided.
The property fronts State Route 69 for 400'+ and has two highway driveways, a grade-level pedestrian entrance, and 40+/- parking spaces. Traffic on the highway is reported at 37,000++ vehicles per day. Additional features include a leased billboard, metal roofing, central air, evaporative cooling, zoned natural-gas heating, security and fire/smoke detection, and ramp access.
The property fronts State Route 69 for 400'+ and has two highway driveways, a grade-level pedestrian entrance, and 40+/- parking spaces. Traffic on the highway is reported at 37,000++ vehicles per day. Additional features include a leased billboard, metal roofing, central air, evaporative cooling, zoned natural-gas heating, security and fire/smoke detection, and ramp access.
Key Highlights
- 400'+ Highway 69 frontage with two driveways and reported traffic of 37,000++ vehicles per day
- 1.2‑acre office property with 40+/- parking spaces
- Space A is leased to Cornerstone Family Chiropractic
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
$162,914
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
4.95%
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%
$3,258,280
$3.3M
Cap Rate 7%
$2,327,343
$2.3M
Cap Rate 9%
$1,810,156
$1.8M
Market Conditions
NOI Build-Up for 10,000 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
$290.4K $29.04/SF
− Vacancy
−$18.9K −$1.89/SF
EGI
$271.5K $27.15/SF
− OpEx
−$108.6K −$10.86/SF
NOI
$162.9K $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%
$3,258,280
Cap Rate 7%
$2,327,343
Cap Rate 9%
$1,810,156
Alternative Uses
Best Use
Healthcare Medical
$2.33M
$2.04M – $2.72M
NOI $162,914 @ 7.0% cap · market cap 4.95%
Second Best
Office B
$2.08M
$1.82M – $2.42M
NOI $145,442 @ 7.0% cap · market cap 4.42%
Theoretical Best
Warehouse
$3.35M
$2.93M – $3.91M
NOI $234,498 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
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
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Frequently Asked Questions
What type of property is this?
Office building - Standalone commercial property offers flexible interior areas, accessible entrances, and multiple parking and access points.
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 69 frontage with two driveways and reported traffic of 37,000++ vehicles per day; 1.2‑acre office property with 40+/- parking spaces; Space A is leased to Cornerstone Family Chiropractic
