Two-Suite Professional Office
New
For Sale
$595,000
3681 N Robert Rd, Prescott Valley, AZ 86314
Separate office layouts support occupancy by one business or leasing to multiple users.
Property Size2,380 SF
Price / SF$250
Days on Market3
Property Features for 3681 N Robert Rd
General Information
Standard status
Active
Size
2,380 SF
Building Details
Year Built
2001
Listing Agency:
Arizona Commercial
Listed By:
Matthew Fish, Abigail Chartier
Source:
Legacyren
Added: Sep 30
Last Checked: Oct 1 at 3:44PM
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.
Built in 2001, this 2,380-square-foot professional office building contains two suites. Suite A measures 1,200 square feet and includes two private offices, a reception area, a half bathroom, and flexible space that can be converted into a third office. Suite B offers 1,280 square feet, three private offices, a half bathroom, and a dedicated breakroom.
The property sits at the signalized intersection of Robert Road and Lakeshore Drive, with access to State Route 69 and Prescott Valley’s primary business district. On-site parking is available. The stated pro forma supports a 6.6% CAP rate, and the two-suite layout allows an owner to occupy one suite while leasing the other.
The property sits at the signalized intersection of Robert Road and Lakeshore Drive, with access to State Route 69 and Prescott Valley’s primary business district. On-site parking is available. The stated pro forma supports a 6.6% CAP rate, and the two-suite layout allows an owner to occupy one suite while leasing the other.
Key Highlights
- 2,380‑square‑foot office building constructed in 2001
- Two suites: Suite A is 1,200 SF; Suite B is 1,280 SF
- Suite A has two private offices, reception, half bathroom, and space for a third office
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
$34,615
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
5.82%
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%
$692,300
$692.3K
Cap Rate 7%
$494,500
$494.5K
Cap Rate 9%
$384,611
$384.6K
Market Conditions
NOI Build-Up for 2,380 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
$55.4K $23.28/SF
− Vacancy
−$9.3K −$3.89/SF
EGI
$46.2K $19.39/SF
− OpEx
−$11.5K −$4.85/SF
NOI
$34.6K $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%
$692,300
Cap Rate 7%
$494,500
Cap Rate 9%
$384,611
Alternative Uses
Best Use
Office B
$494.5K
$432.7K – $576.9K
NOI $34,615 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$797.3K
$697.6K – $930.2K
NOI $55,811 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
920
Businesses Nearby
Explore this area
Business Placement
Demographics for 86314, AZ
39,461
Population
16,806
Households
2.3
Avg Household Size
44
Median Age
23%
College-Educated
89%
High-School Grad
26.6 sq mi
ZIP Area
1,483
Density / Sq Mi
$67,263
Median Household Income
$37,829
Median Earnings
$1,432
Median Rent
$363,700
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Separate office layouts support occupancy by one business or leasing to multiple users.
Where is this office building located?
The property is located at 3681 N Robert Rd Prescott Valley, AZ.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,380‑square‑foot office building constructed in 2001; Two suites: Suite A is 1,200 SF; Suite B is 1,280 SF; Suite A has two private offices, reception, half bathroom, and space for a third office
