Medical Office
New
For Sale
$8,521,360
450 S Willard St, Cottonwood, AZ 86326
One of the available suites has electrical infrastructure for imaging use.
Property Size30,312 SF
Days on Market5
Property Features for 450 S Willard St
General Information
Standard status
Active
Size
30,312 SF
Class
C
Property subtype
Office
Additional Details
Tenant in Place
Yes
Property Use
Medical Office
Medical Specialty
urgent care, primary care, integrative medicine, dermatology
Amenities
monument signage
building signage
Building Details
Building Size
30,312 SF
Year Built
2002
Tenancy
Multi
Listing Agency:
Levrose Commercial Real Estate
Listed By:
Matt Leonard · License #BR544219000
(602) 369-7127
Source:
Tcnworldwide
Added: Oct 28
Last Checked: Nov 1 at 3:43AM
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 Levrose Commercial Real Estate
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Investment Insights
Based on property information with market context.
Built in 2002, this medical office property has two suites available. One suite includes electrical infrastructure that can accommodate imaging use, alongside a mix of medical practices at the property, including urgent care, primary care, integrative medicine, and dermatology.
Verde Valley Medical Center Regional Hospital is across the street. The property is served by SR 89A and SR 260, with monument and building signage available. Covered, reserved parking is provided for tenants and visitors.
Verde Valley Medical Center Regional Hospital is across the street. The property is served by SR 89A and SR 260, with monument and building signage available. Covered, reserved parking is provided for tenants and visitors.
Key Highlights
- Across the street from Verde Valley Medical Center Regional Hospital
- Two suites available
- Electrical infrastructure for imaging use in one suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$493,826
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,876,520
$9.9M
Cap Rate 7%
$7,054,657
$7.1M
Cap Rate 9%
$5,486,956
$5.5M
Market Conditions
NOI Build-Up for 30,312 SF
Gross rent
$880.3K $29.04/SF
− Vacancy
−$57.2K −$1.89/SF
EGI
$823.0K $27.15/SF
− OpEx
−$329.2K −$10.86/SF
NOI
$493.8K $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%
$9,876,520
Cap Rate 7%
$7,054,657
Cap Rate 9%
$5,486,956
Alternative Uses
Best Use
Healthcare Medical
$7.05M
$6.17M – $8.23M
NOI $493,826 @ 7.0% cap · market cap 5.80%
Second Best
Office B
$6.30M
$5.51M – $7.35M
NOI $440,863 @ 7.0% cap · market cap 5.17%
Theoretical Best
Warehouse
$10.15M
$8.89M – $11.85M
NOI $710,810 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
989
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 86326, AZ
24,465
Population
12,243
Households
2
Avg Household Size
49
Median Age
25%
College-Educated
91%
High-School Grad
45.5 sq mi
ZIP Area
538
Density / Sq Mi
$58,250
Median Household Income
$36,479
Median Earnings
$1,102
Median Rent
$312,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Medical Office Space - One of the available suites has electrical infrastructure for imaging use.
Where is this medical office space located?
The property is located at 450 S Willard St Cottonwood, AZ.
What is the asking price?
The asking price for this property is $8,521,360.
What are key features of this property?
This property features: Across the street from Verde Valley Medical Center Regional Hospital; Two suites available; Electrical infrastructure for imaging use in one suite
