Medical Office Building with Private
For Sale
$649,000
625 Ruth Street, Prescott, AZ 86301
Commercial Sale, Prescott, AZ
Property Size2,820 SF
Lot Size0.55 Acres
Price / SF$230.14
Days on Market48
Property Features for 625 Ruth Street
General Information
Property type
Residential
Property subtype
Office
Zoning
BR
Zoning description
Business Regional
Parking
30
Parking features
On Street
Security features
Security System, Security
Interior features
Fire/Smoke Detector, Security/Alarm
Exterior features
Handicap Access
Accessibility
Accessible Approach with Ramp
Lot features
Landscaped
Directions
From Miller Valley Road, head east on W. Hillside Ave for approx. 2 blocks and then turn right onto Ruth St. The building will be on your right and is located on the southeast corner of W. Hillside Ave and Ruth St.
Standard status
Active
Lot size
0.55 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DAMERON TR REPLAT LOTS #1 #2 & #12 M&P 40/70 LOTS #1 & #2 LESS N 5' & ALL OF LOT #12 SEC 33-14-2W 3781/911
Legal Description
DAMERON TR REPLAT LOTS #1 #2 & #12 M&P 40/70 LOTS #1 & #2 LESS N 5' & ALL OF LOT #12 SEC 33-14-2W 3781/911
Utilities
Utilities
Phone Available
Heating system
Natural Gas
Cooling system
Gas (Cooling)
Water source
Public
Amenities
outdoor area
monument signage
Building Details
Year built
2000
Floors in Building
1
Number of units
1
Flooring type
Carpet, Vinyl
Roof type
Rolled Hot Mop
Listing Agency:
Better Homes And Gardens Real Estate Bloomtree Realty
(928) 443-8800
Listed By:
Raymond G. Zogob · License #SA553424000
(619) 997-3329
Added: Jul 7
Changed: Aug 22
Last Checked: Aug 23 at 11:06AM
MLS# 1083486
Copyright © 2026 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This medical office property comprises three connected modular buildings on approximately 0.55 acres of Business Regional (BR) land. The layout includes 12 private offices, a generous waiting area, a distinct reception space, kitchen and break-room area, medical lab, and two ADA-compliant restrooms. Five separate entrances support access throughout the property, including an east-side accessible entry. Vinyl and carpet flooring, natural gas heating, cooling, fire and smoke detection, and security/alarm systems are included.
Located at the southeast corner of W. Hillside Avenue and Ruth Street in Prescott, the site offers street frontage, monument signage, and 30 on-site parking spaces, along with additional street parking. The surrounding mixed-use area combines commercial and residential development. An outdoor area south of the building features native landscaping and natural granite boulders. The property was built in 2000 and has public water service, phone availability, a rolled hot-mop roof, and an accessible approach with ramp.
Located at the southeast corner of W. Hillside Avenue and Ruth Street in Prescott, the site offers street frontage, monument signage, and 30 on-site parking spaces, along with additional street parking. The surrounding mixed-use area combines commercial and residential development. An outdoor area south of the building features native landscaping and natural granite boulders. The property was built in 2000 and has public water service, phone availability, a rolled hot-mop roof, and an accessible approach with ramp.
Key Highlights
- Three interconnected modular buildings on approximately 0.55 acres of BR‑zoned land
- 12 private offices, waiting room, reception area, kitchen/break room, and medical lab
- Two ADA‑compliant restrooms and five separate building entrances
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
$45,942
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
7.08%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Business Regional-zoned office property with medical infrastructure, multiple entrances, accessible features, and on-site parking.
Where is this medical office space located?
The property is located at 625 Ruth Street 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: Three interconnected modular buildings on approximately 0.55 acres of BR‑zoned land; 12 private offices, waiting room, reception area, kitchen/break room, and medical lab; Two ADA‑compliant restrooms and five separate building entrances
