Three-Building NNN Office
For Sale
$5,437,518
3205 Lakeside, Prescott, AZ 86301
Fully leased office campus with NNN leases and annual rental escalations.
Property Size22,395 SF
Price / SF$242.80
Days on Market75
Property Features for 3205 Lakeside
General Information
Standard status
Active
Size
22,395 SF
Property subtype
Commercial
Building Details
Year Built
2007
Listing Agency:
Arizona Commercial
(480) 309-1089
Listed By:
Matthew Fish · License #BR626105000
Source:
Allarizonahomesforsale
Added: Jun 18
Changed: Aug 31
Last Checked: Aug 30 at 6:18PM
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 Arizona Commercial
Investment Insights
Based on property information with market context.
This office portfolio comprises three architecturally cohesive buildings totaling 22,395 square feet. Constructed in 2007, 2014, and 2018, the campus features professional office improvements, attractive landscaping, and abundant parking. The property is located at 3205 Lakeside, Prescott, AZ 86301, within an established professional office corridor.
HOAMCO occupies the majority of the campus and uses the Prescott location as its corporate headquarters, with executive leadership and key operational staff based on site. The tenancy is supported by Community Management Holdings, a platform backed by Charlesbank Capital Partners. The portfolio is fully leased under NNN leases with annual rental escalations. New commercial buildings are under construction adjacent to the property, adding development activity to the surrounding area.
HOAMCO occupies the majority of the campus and uses the Prescott location as its corporate headquarters, with executive leadership and key operational staff based on site. The tenancy is supported by Community Management Holdings, a platform backed by Charlesbank Capital Partners. The portfolio is fully leased under NNN leases with annual rental escalations. New commercial buildings are under construction adjacent to the property, adding development activity to the surrounding area.
Key Highlights
- Three‑building office portfolio totaling 22,395 square feet
- Buildings constructed in 2007, 2014, and 2018
- HOAMCO corporate headquarters occupies the majority of the campus
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
$325,717
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
5.99%
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%
$6,514,340
$6.5M
Cap Rate 7%
$4,653,100
$4.7M
Cap Rate 9%
$3,619,078
$3.6M
Market Conditions
NOI Build-Up for 22,395 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
$521.4K $23.28/SF
− Vacancy
−$87.1K −$3.89/SF
EGI
$434.3K $19.39/SF
− OpEx
−$108.6K −$4.85/SF
NOI
$325.7K $14.54/SF
Area
Yavapai County, AZ
Vacancy
16.70%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
25.00%
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%
$6,514,340
Cap Rate 7%
$4,653,100
Cap Rate 9%
$3,619,078
Alternative Uses
Best Use
Office B
$4.65M
$4.07M – $5.43M
NOI $325,717 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$7.50M
$6.56M – $8.75M
NOI $525,158 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 86301, AZ
25,115
Population
13,863
Households
1.8
Avg Household Size
57
Median Age
37%
College-Educated
96%
High-School Grad
33.4 sq mi
ZIP Area
752
Density / Sq Mi
$71,962
Median Household Income
$33,989
Median Earnings
$1,580
Median Rent
$495,100
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 - Fully leased office campus with NNN leases and annual rental escalations.
Where is this office building located?
The property is located at 3205 Lakeside Prescott, AZ.
What is the asking price?
The asking price for this property is $5,437,518.
What are key features of this property?
This property features: Three‑building office portfolio totaling 22,395 square feet; Buildings constructed in 2007, 2014, and 2018; HOAMCO corporate headquarters occupies the majority of the campus
