Medical Office Building with
For Sale
$649,000
625 Ruth St, Prescott, AZ 86301
Medical/professional office building with a lab, 12 private offices, multiple entrances, and 30 on-site parking spaces.
Property Size2,820 SF
Lot Size0.55 Acres
Price / SF$230.14
Days on Market184
Property Features for 625 Ruth St
General Information
Standard status
Active
Size
2,820 SF
Total Parking Spaces
30
Lot size
0.55 Acres
Property subtype
Commercial
Zoning
BR
Additional Details
Office Units
12
Building Details
Year Built
2000
Listing Agency:
Better Homes and Gardens Real Estate Bloomtree Realty
Listed By:
Raymond G. Zogob · License #SA553424000
(619) 997-3329
Source:
Searchprescotthouses
Added: Apr 14
Changed: Oct 1
Last Checked: Oct 12 at 8:33PM
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 Better Homes and Gardens Real Estate Bloomtree Realty
Investment Insights
Based on property information with market context.
This well-maintained medical and professional office building is available for purchase after a tenant relocation. The property consists of three interconnected modular buildings totaling approximately 12,820 square feet, designed with an efficient layout for medical or office use. Interior features include 12 private offices, a large waiting room, a separate reception area, a kitchen/break room, a medical lab, and two ADA-compliant restrooms. There are five separate building entrances, including ADA access on the east side.
The site is located on Business Regional (BR) zoned land and provides 30 on-site parking spaces, with additional street parking available. An outdoor area immediately south of the building is set among natural granite boulders and mature native landscaping. The property is positioned at the southeast corner of W. Hillside Avenue and Ruth Street, with street frontage, visibility, and monument signage in a well-established mixed-use neighborhood.
For context, the building is less than 1/2 mile south of Dignity Health Hospital’s West Campus and about 1 mile north of Prescott’s downtown Courthouse Square, with proximity to neighborhood shopping centers anchored by major retailers.
The site is located on Business Regional (BR) zoned land and provides 30 on-site parking spaces, with additional street parking available. An outdoor area immediately south of the building is set among natural granite boulders and mature native landscaping. The property is positioned at the southeast corner of W. Hillside Avenue and Ruth Street, with street frontage, visibility, and monument signage in a well-established mixed-use neighborhood.
For context, the building is less than 1/2 mile south of Dignity Health Hospital’s West Campus and about 1 mile north of Prescott’s downtown Courthouse Square, with proximity to neighborhood shopping centers anchored by major retailers.
Key Highlights
- 2000‑built medical/professional office building with 12 private offices, medical lab, large waiting room, and reception area
- Approximately 3 interconnected modular buildings totaling 12,820 SF on 0.55 acres of BR‑zoned land
- ADA‑compliant features include 2 ADA restrooms and ADA access on the east side of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,942
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$918,840
$918.8K
Cap Rate 7%
$656,314
$656.3K
Cap Rate 9%
$510,467
$510.5K
Market Conditions
NOI Build-Up for 2,820 SF
Gross rent
$81.9K $29.04/SF
− Vacancy
−$5.3K −$1.89/SF
EGI
$76.6K $27.15/SF
− OpEx
−$30.6K −$10.86/SF
NOI
$45.9K $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%
$918,840
Cap Rate 7%
$656,314
Cap Rate 9%
$510,467
Alternative Uses
Best Use
Healthcare Medical
$656.3K
$574.3K – $765.7K
NOI $45,942 @ 7.0% cap · market cap 7.08%
Second Best
Office B
$585.9K
$512.7K – $683.6K
NOI $41,015 @ 7.0% cap · market cap 6.32%
Theoretical Best
Warehouse
$944.7K
$826.6K – $1.10M
NOI $66,128 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
12
Office units
Location Intelligence
Trade Area within ½ mile
1,966
Businesses Nearby
Under-served
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
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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 - Medical/professional office building with a lab, 12 private offices, multiple entrances, and 30 on-site parking spaces.
Where is this medical office space located?
The property is located at 625 Ruth St Prescott, AZ.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 2000‑built medical/professional office building with 12 private offices, medical lab, large waiting room, and reception area; Approximately 3 interconnected modular buildings totaling 12,820 SF on 0.55 acres of BR‑zoned land; ADA‑compliant features include 2 ADA restrooms and ADA access on the east side of the building
