Multi-Building Storefront
New
For Sale
$879,000
721 Miller Valley Rd, Prescott, AZ 86301
Three separate buildings include established occupancy and space available for a new tenant or owner-user.
Property Size4,370 SF
Price / SF$201.14
Days on Market4
Property Features for 721 Miller Valley Rd
General Information
Standard status
Active
Size
4,370 SF
Property subtype
Commercial
Occupancy
50%
Additional Details
Traffic Count
20,000 vehicles/day
Tenant in Place
Yes
Building Details
Year Built
1965
Buildings
3
Listing Agency:
Southwest Property Sales Leasing
Listed By:
Cooper Anderson · License #BR676457000
(928) 775-4227
Source:
Searchprescotthouses
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 25 at 2:48AM
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 Southwest Property Sales Leasing
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Investment Insights
Based on property information with market context.
This storefront property comprises three buildings totaling 4,370 square feet, built in 1965. One building is occupied by a long-term tenant, while another is available for a tenant or owner-user. The property is currently 50% occupied.
Two of the buildings face Miller Valley Road, where daily traffic is approximately 20,000 vehicles. The property is located at 721 Miller Valley Rd in Prescott, Arizona.
Two of the buildings face Miller Valley Road, where daily traffic is approximately 20,000 vehicles. The property is located at 721 Miller Valley Rd in Prescott, Arizona.
Key Highlights
- Three buildings totaling 4,370 square feet
- Two buildings front Miller Valley Road
- 50% occupancy, with one building available to lease or occupy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,753
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,515,060
$1.5M
Cap Rate 7%
$1,082,186
$1.1M
Cap Rate 9%
$841,700
$841.7K
Market Conditions
NOI Build-Up for 4,370 SF
Gross rent
$113.8K $26.04/SF
− Vacancy
−$5.6K −$1.28/SF
EGI
$108.2K $24.76/SF
− OpEx
−$32.5K −$7.43/SF
NOI
$75.8K $17.33/SF
Area
Yavapai County, AZ
Vacancy
4.90%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,515,060
Cap Rate 7%
$1,082,186
Cap Rate 9%
$841,700
Alternative Uses
Best Use
Retail
$1.08M
$946.9K – $1.26M
NOI $75,753 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.46M
$1.28M – $1.71M
NOI $102,476 @ 7.0% cap · market cap 11.66%
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
20,000 VPD
Traffic count
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,681
Businesses Nearby
Balanced
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 Retail in West region
Similar Off Market Nearby
- my wedding flowers — 531 Madison Ave, Prescott, AZ 86301
- Kroger Floral — 950 Fair St, Prescott, AZ 86305
- AAA Natural Touch Prescott — 721 Miller Valley Rd, Prescott, AZ 86301
Frequently Asked Questions
What type of property is this?
Storefront property - Three separate buildings include established occupancy and space available for a new tenant or owner-user.
Where is this storefront property located?
The property is located at 721 Miller Valley Rd Prescott, AZ.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Three buildings totaling 4,370 square feet; Two buildings front Miller Valley Road; 50% occupancy, with one building available to lease or occupy
