Three-Building NNN Office
For Sale
$5,437,519
3205 Lakeside, Prescott, AZ 86301
Commercial Sale, Prescott, AZ
Property Size22,395 SF
Lot Size0.54 Acres
Price / SF$242.80
Days on Market47
Property Features for 3205 Lakeside
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
NOB (PAD)
Parking
90
Security features
Security Lighting
Interior features
Fire/Smoke Detector
Exterior features
Drip System, Handicap Access
Accessibility
Accessible Approach with Ramp
Subdivision
Reserve at Willow Hills
Lot features
Landscaped, Sprinklers In Front
Directions
From Willow Creek Road turn east on Willow Lake Road. Turn right onto Lakeside Village and the properties are on your immediate left.
Standard status
Active
Lot size
0.54 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
RESERVE AT WILLOW HILLS COMMERCE CENTER SECOND REPLAT LOT B16A C ONTAINS .28 ACRES SECTION 15 TOWNSHIP 14N RANGE 2 WEST
Tax Annual Amount
41665
Legal Description
RESERVE AT WILLOW HILLS COMMERCE CENTER SECOND REPLAT LOT B16A C ONTAINS .28 ACRES SECTION 15 TOWNSHIP 14N RANGE 2 WEST
Utilities
Utilities
Phone Available
Heating system
Zoned, Electric (Heating), Natural Gas, Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Amenities
attractive landscaping
Building Details
Year built
2007
Floors in Building
2
Number of units
3
Flooring type
Carpet, Tile, Vinyl, Laminate
Building materials
Frame
Roof type
Tile
Listing Agency:
Arizona Commercial
(928) 515-1223
Listed By:
Matthew Fish · License #SA710066000
(480) 309-1089
Added: Jul 10
Changed: Aug 25
Last Checked: Aug 25 at 11:06AM
MLS# 1083586
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 portfolio comprises three coordinated buildings totaling 22,395 square feet on approximately 0.54 acres. The buildings were completed in 2007, 2014, and 2018 and include tile, vinyl, laminate, and carpet flooring, central air, zoned heating, tile roofing, public water, and accessible entry features. Landscaping with drip irrigation and on-site parking support the campus layout.
The property is located at 3205 Lakeside in Prescott, within a professional office corridor that includes new commercial construction adjacent to the site. HOAMCO uses the campus as its corporate headquarters and occupies most of the buildings. The portfolio is fully leased under NNN leases with annual rental escalations. Zoning is designated NOB (PAD).
The property is located at 3205 Lakeside in Prescott, within a professional office corridor that includes new commercial construction adjacent to the site. HOAMCO uses the campus as its corporate headquarters and occupies most of the buildings. The portfolio is fully leased under NNN leases with annual rental escalations. Zoning is designated NOB (PAD).
Key Highlights
- Three‑building office portfolio totaling 22,395 square feet
- Buildings constructed in 2007, 2014, and 2018
- Fully leased under NNN leases with annual rental escalations
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
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
353
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Fully leased office campus with annual rent escalations, NNN leases, and NOB (PAD) zoning.
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 $5,437,519.
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; Fully leased under NNN leases with annual rental escalations
