Build-to-Suit Medical Office
For Sale
$3,612,825
Pending
3209 Lakeside, Prescott, AZ 86301
Planned units can be tailored to medical-practice requirements.
Property Size7,500 SF
Days on Market189
Property Features for 3209 Lakeside
General Information
Standard status
Pending
Size
7,500 SF
Property subtype
Commercial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
2024
Buildings
5
Listing Agency:
Arizona Commercial
(480) 309-1089
Listed By:
Matthew Fish · License #BR626105000
Source:
Searchprescotthouses
Added: Feb 23
Changed: Aug 31
Last Checked: Aug 31 at 5:28PM
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.
The Reserve at Willow Hills Commerce Center offers build-to-suit medical office units designed around the operational needs of individual practices. Building A, B, and C are planned at approximately 4,750 square feet, while Building D and E are planned as 7,500-square-foot, two-story units. The development scope includes the land, shell construction, customized layouts, tenant improvements, engineering, landscaping, and building signage.
The project is located off Willow Lake Road between Prescott, Prescott Valley, and Chino Valley. City of Prescott utilities, natural gas, and three-phase power are installed at the site. Medical office parking and signage from Willow Lake Road are also included in the property plan.
The project is located off Willow Lake Road between Prescott, Prescott Valley, and Chino Valley. City of Prescott utilities, natural gas, and three-phase power are installed at the site. Medical office parking and signage from Willow Lake Road are also included in the property plan.
Key Highlights
- Build‑to‑suit medical office units tailored to individual practice requirements
- Building A, B, and C planned at approximately 4,750 square feet
- Building D and E planned as 7,500‑square‑foot, two‑story units
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
$122,186
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
3.38%
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%
$2,443,720
$2.4M
Cap Rate 7%
$1,745,514
$1.7M
Cap Rate 9%
$1,357,622
$1.4M
Market Conditions
NOI Build-Up for 7,500 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
$217.8K $29.04/SF
− Vacancy
−$14.2K −$1.89/SF
EGI
$203.6K $27.15/SF
− OpEx
−$81.5K −$10.86/SF
NOI
$122.2K $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%
$2,443,720
Cap Rate 7%
$1,745,514
Cap Rate 9%
$1,357,622
Alternative Uses
Best Use
Healthcare Medical
$1.75M
$1.53M – $2.04M
NOI $122,186 @ 7.0% cap · market cap 3.38%
Second Best
Office B
$1.56M
$1.36M – $1.82M
NOI $109,081 @ 7.0% cap · market cap 3.02%
Theoretical Best
Warehouse
$2.51M
$2.20M – $2.93M
NOI $175,874 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Balanced
Demand for This Use
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?
Medical Office Space - Planned units can be tailored to medical-practice requirements.
Where is this medical office space located?
The property is located at 3209 Lakeside Prescott, AZ.
What is the asking price?
The asking price for this property is $3,612,825.
What are key features of this property?
This property features: Build‑to‑suit medical office units tailored to individual practice requirements; Building A, B, and C planned at approximately 4,750 square feet; Building D and E planned as 7,500‑square‑foot, two‑story units
