Two-Building Office
For Sale
$2,400,000
3130-3140 Stillwater Drive, Prescott, AZ 86305
Commercial Sale, Prescott, AZ
Property Size8,274 SF
Lot Size0.76 Acres
Price / SF$290.07
Days on Market488
Property Features for 3130-3140 Stillwater Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
NOB(PAD)
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 4, Bathroom 1, Bathroom 2
Parking
43
Security features
Security System, Security
Interior features
Fire/Smoke Detector, Security/Alarm
Exterior features
Drip System
Lot features
Landscaped, Sprinklers In Front
Directions
Willow Creek to east on Crossings Drive. Follow Crossings Drive to Stillwater. Turn right on Stillwater to sign on left.
Standard status
Active
Lot size
0.76 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
As described in Public Record.
Tax Annual Amount
14711
Legal Description
As described in Public Record.
Utilities
Utilities
Phone Available
Heating system
Natural Gas
Cooling system
Central Air, Heat Pump
Water source
Public
Building Details
Year built
2008
Floors in Building
1
Number of units
4
Flooring type
Vinyl, Tile, Carpet
Building materials
Frame, Stucco
Roof type
Tile
Listing Agency:
Invest Southwest
Listed By:
Sandra F Shaffer · License #BR102761000
(928) 899-3111
Added: May 24, 2025
Changed: Sep 14
Last Checked: Sep 23 at 1:06AM
MLS# 1073751
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 office property comprises two Class A buildings within Crossings at Willow Creek Business Park. The improvements were built in 2008 and include carpet, tile, and vinyl flooring, central air, heat pump cooling, natural gas heating, fire and smoke detection, and security/alarm systems. Tile roofing, stucco construction, public water, and a drip irrigation system are also in place.
The property occupies approximately 0.76 acres and provides approximately 43 parking spaces. It is currently 100% occupied and is zoned NOB(PAD). The address includes 3130-3140 Stillwater Drive in Prescott, Arizona, with phone service available at the property.
The property occupies approximately 0.76 acres and provides approximately 43 parking spaces. It is currently 100% occupied and is zoned NOB(PAD). The address includes 3130-3140 Stillwater Drive in Prescott, Arizona, with phone service available at the property.
Key Highlights
- Two Class A office buildings completed in 2008
- Approximately 0.76 acres with approximately 43 parking spaces
- 100% occupied office property
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
$134,795
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
5.62%
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%
$2,695,900
$2.7M
Cap Rate 7%
$1,925,643
$1.9M
Cap Rate 9%
$1,497,722
$1.5M
Market Conditions
NOI Build-Up for 8,274 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
$240.3K $29.04/SF
− Vacancy
−$15.6K −$1.89/SF
EGI
$224.7K $27.15/SF
− OpEx
−$89.9K −$10.86/SF
NOI
$134.8K $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%
$2,695,900
Cap Rate 7%
$1,925,643
Cap Rate 9%
$1,497,722
Alternative Uses
Best Use
Healthcare Medical
$1.93M
$1.68M – $2.25M
NOI $134,795 @ 7.0% cap · market cap 5.62%
Second Best
Office B
$1.72M
$1.50M – $2.01M
NOI $120,339 @ 7.0% cap · market cap 5.01%
Theoretical Best
Warehouse
$2.77M
$2.43M – $3.23M
NOI $194,024 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
Explore this area
Business Placement
Demographics for 86305, AZ
19,555
Population
10,920
Households
1.8
Avg Household Size
62
Median Age
47%
College-Educated
97%
High-School Grad
588.5 sq mi
ZIP Area
33
Density / Sq Mi
$78,802
Median Household Income
$37,630
Median Earnings
$1,132
Median Rent
$627,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Two office buildings in Crossings at Willow Creek Business Park support medical and professional office use.
Where is this office building located?
The property is located at 3130-3140 Stillwater Drive Prescott, AZ.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Two Class A office buildings completed in 2008; Approximately 0.76 acres with approximately 43 parking spaces; 100% occupied office property
