Five-Unit Medical Office
New
For Sale
$1,750,000
711 Whipple St, Prescott, AZ 86301
Recent roof and HVAC replacements complement a multi-suite layout with on-site parking.
Property Size5,088 SF
Days on Market2
Property Features for 711 Whipple St
General Information
Standard status
Active
Size
5,088 SF
Class
B
Total Parking Spaces
26
Property subtype
Office - General Office
Additional Details
Asking Price
$1,750,000
Office Units
5
Building Details
Building Size
5,088 SF
Year Built
1986
Buildings
1
Units
5
Tenancy
Multi
Listing Agency:
Arizona Commercial Real Estate
Listed By:
Abigail Chartier · License #SA710066000
(928) 642-3032
Source:
Commercialcafe
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:41AM
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 Real Estate
Investment Insights
Based on property information with market context.
The medical office property at 711 Whipple Street in Prescott contains five individual units. Built in 1986, it received a new roof in 2025 and new HVAC in 2024. The multi-suite configuration is supported by 26 parking spaces.
The property sits along Whipple Street in Prescott’s established medical corridor, near Dignity Health and Yavapai Regional Medical Center. Medical offices, professional services, retail, restaurants, and residential neighborhoods are also part of the surrounding area.
The property sits along Whipple Street in Prescott’s established medical corridor, near Dignity Health and Yavapai Regional Medical Center. Medical offices, professional services, retail, restaurants, and residential neighborhoods are also part of the surrounding area.
Key Highlights
- Five individual medical office units
- 26 parking spaces
- New roof completed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,891
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,657,820
$1.7M
Cap Rate 7%
$1,184,157
$1.2M
Cap Rate 9%
$921,011
$921.0K
Market Conditions
NOI Build-Up for 5,088 SF
Gross rent
$147.8K $29.04/SF
− Vacancy
−$9.6K −$1.89/SF
EGI
$138.2K $27.15/SF
− OpEx
−$55.3K −$10.86/SF
NOI
$82.9K $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%
$1,657,820
Cap Rate 7%
$1,184,157
Cap Rate 9%
$921,011
Alternative Uses
Best Use
Healthcare Medical
$1.18M
$1.04M – $1.38M
NOI $82,891 @ 7.0% cap · market cap 4.74%
Second Best
Office B
$1.06M
$925.0K – $1.23M
NOI $74,001 @ 7.0% cap · market cap 4.23%
Theoretical Best
Warehouse
$1.70M
$1.49M – $1.99M
NOI $119,313 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,703
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Recent roof and HVAC replacements complement a multi-suite layout with on-site parking.
Where is this medical office space located?
The property is located at 711 Whipple St Prescott, AZ.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Five individual medical office units; 26 parking spaces; New roof completed in 2025
