Medical Office Building with
For Sale
$649,000
625 Ruth Street, 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 Market53
Property Features for 625 Ruth Street
General Information
Standard status
Active
Size
2,820 SF
Total Parking Spaces
30
Lot size
0.55 Acres
Property subtype
Office
Zoning
BR
Additional Details
Office Units
12
Building Details
Building Size
2,820 SF
Year Built
2000
Listing Agency:
Better Homes And Gardens Real Estate Bloomtree Realty
(619) 997-3329
Listed By:
Raymond G. Zogob · License #SA553424000
Source:
Adobegr
Added: Jul 7
Changed: Aug 24
Last Checked: Aug 26 at 1:56PM
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 = 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
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
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 - 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 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: 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
