Professional Office with Six Private
New
For Sale
$695,000
3216 Lakeside Village, Prescott, AZ 86301
A reception area, conference room, waiting area, and storage support a range of professional operations.
Property Size2,000 SF
Price / SF$347.50
Days on Market6
Property Features for 3216 Lakeside Village
General Information
Standard status
Active
Size
2,000 SF
Class
Class A
Property subtype
Office
Occupancy
100%
Additional Details
Asking Price
$695,000
Taxes and HOA fees
Annual Taxes
$3,382
Building Details
Building Size
2,000 SF
Year Built
2007
Buildings
1
Tenancy
Single
Owner Occupied
Yes
Listing Agency:
Arizona Commercial
Listed By:
Matthew Fish · License #BR626105000
(480) 309-1089
Source:
Adobegr
Added: Oct 7
Changed: Oct 11
Last Checked: Oct 11 at 2:11PM
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 2,000-square-foot office building was constructed in 2007 and is arranged with six private offices, a conference room, reception desk, waiting area, and storage room. The existing layout provides distinct areas for private work, visitor reception, and meetings.
The property is in Willow Lake Business Park, just off Willow Creek Road, a primary north-south corridor in Prescott. It is currently occupied by the owner. The seller is willing to enter a three-year NNN lease or relocate, offering either continued occupancy under a lease or vacant possession for an owner-user.
The property is in Willow Lake Business Park, just off Willow Creek Road, a primary north-south corridor in Prescott. It is currently occupied by the owner. The seller is willing to enter a three-year NNN lease or relocate, offering either continued occupancy under a lease or vacant possession for an owner-user.
Key Highlights
- 2,000 SF office building built in 2007
- Six private offices, conference room, reception desk, waiting area, and storage room
- Located in Willow Lake Business Park, just off Willow Creek Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,088
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,760
$581.8K
Cap Rate 7%
$415,543
$415.5K
Cap Rate 9%
$323,200
$323.2K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$46.6K $23.28/SF
− Vacancy
−$7.8K −$3.89/SF
EGI
$38.8K $19.39/SF
− OpEx
−$9.7K −$4.85/SF
NOI
$29.1K $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 Rate 5%
$581,760
Cap Rate 7%
$415,543
Cap Rate 9%
$323,200
Alternative Uses
Best Use
Office B
$415.5K
$363.6K – $484.8K
NOI $29,088 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$670.0K
$586.3K – $781.7K
NOI $46,900 @ 7.0% cap · market cap 6.75%
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
Lease Details
100%
Occupancy
Single-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - A reception area, conference room, waiting area, and storage support a range of professional operations.
Where is this office building located?
The property is located at 3216 Lakeside Village Prescott, AZ.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 2,000 SF office building built in 2007; Six private offices, conference room, reception desk, waiting area, and storage room; Located in Willow Lake Business Park, just off Willow Creek Road
