Medical/Professional Office Space
3213 Lakeside Vlg, Prescott, AZ 86303
For Sale
$3,375,000
Customizable medical/professional office space in Prescott, Arizona.
Property Size7,500 SF
Price / SF$450
Days on Market765
Property Features for 3213 Lakeside Vlg
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Arizona Commercial
Listed By:
Abigail Chartier · License #SA710066000
(928) 642-3032
Source:
Searchprescotthouses
Added: Oct 4, 2024
Changed: Nov 1
Last Checked: Nov 6 at 9:30AM
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
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Investment Insights
Based on property information with market context.
This professional and medical office park is strategically positioned just off Willow Lake Road, conveniently nestled amidst the tri-city communities of Prescott, Prescott Valley, and Chino Valley. Specifically designed for a larger medical user, this location offers approximately 7,500 square feet of space. The commerce center is flexible, accommodating building sizes ranging from 2,500 square feet to over 7,500 square feet. This building is customizable to meet specific needs, tailored to optimize patient flows. The purchase includes everything needed to provide a seamless building solution to effectively address the complexities of your business. With excellent visibility and picturesque Willow Lake views, this site is a prime location in Prescott for developing medical, retail, and office buildings.
Key Highlights
- Prime location in Prescott for medical, retail, and office buildings with excellent visibility and picturesque Willow Lake views.
- Customizable space designed for a larger medical user, approximately 7,500 SF, optimizing patient flows.
- Flexible building sizes available, ranging from 2,500 SF to over 7,500 SF.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,186
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
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
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 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 3.62%
Second Best
Office B
$1.56M
$1.36M – $1.82M
NOI $109,081 @ 7.0% cap · market cap 3.23%
Theoretical Best
Warehouse
$2.51M
$2.20M – $2.93M
NOI $175,874 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Under-served
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Medical Office Space in Prescott
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Granite Mountain Vet Hospital — 3073 Willow Creek Rd, Prescott, AZ 86301
- Bioveteria — 3607 Crossings Dr, Prescott, AZ 86305, United States
Frequently Asked Questions
What type of property is this?
Medical Office Space - Customizable medical/professional office space in Prescott, Arizona.
Where is this medical office space located?
The property is located at 3213 Lakeside Vlg Prescott, AZ.
What is the asking price?
The asking price for this property is $3,375,000.
What are key features of this property?
This property features: Prime location in Prescott for medical, retail, and office buildings with excellent visibility and picturesque Willow Lake views.; Customizable space designed for a larger medical user, approximately 7,500 SF, optimizing patient flows.; Flexible building sizes available, ranging from 2,500 SF to over 7,500 SF.
