Medical Office
790 Gail Gardner Way, Prescott, AZ 86305
For Sale
New
$3,313,000
The property is located in Prescott, Arizona, at 790 Gail Gardner Way.
Property Size9,728 SF
Price / SF$340.56
Days on Market4
Property Features for 790 Gail Gardner Way
General Information
Standard status
Size
Property subtype
Lease Type
Additional Details
Property Use
Medical Specialty
Amenities
10-Plus Years Remaining on Lease with Annual Rental Increases
SimonMed Imaging is the Largest Outpatient Physician Radiology Group in the United States with Over 170 Locations
±50,990 Residents within a Five-Mile Radius
Nearby W Iron Springs Rd (20,855 Vehicles Per Day), Providing Direct Access to State Route 89, a Major Thoroughfare Through Prescott
Average Household Income Exceeds $97,000 Within a Five-Mile Radius
Dense Retail Corridor Location Surrounded by National Tenants: Walmart Supercenter, Fry's, True Value Hardware, C-A-L Ranch Stores, and More
Building Details
Building Size
Listing Agency:
Marcus & Millichap - Phoenix
Listed By:
Mark Ruble · License #License(s): AZ: SA550593000, NV: S.0192964
(602) 687-6766
Source:
Marcusmillichap
Added: Nov 4
Last Checked: Nov 6 at 5:04AM
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 Marcus & Millichap - Phoenix
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Investment Insights
Based on property information with market context.
This medical office property contains 9,728 square feet at 790 Gail Gardner Way in Prescott, Arizona. SimonMed Imaging, described in the property information as an outpatient radiology group, is identified in the listing title.
Key Highlights
- 9,728‑square‑foot medical office property
- Located at 790 Gail Gardner Way in Prescott, Arizona
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,483
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,169,660
$3.2M
Cap Rate 7%
$2,264,043
$2.3M
Cap Rate 9%
$1,760,922
$1.8M
Market Conditions
NOI Build-Up for 9,728 SF
Gross rent
$282.5K $29.04/SF
− Vacancy
−$18.4K −$1.89/SF
EGI
$264.1K $27.15/SF
− OpEx
−$105.7K −$10.86/SF
NOI
$158.5K $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%
$3,169,660
Cap Rate 7%
$2,264,043
Cap Rate 9%
$1,760,922
Alternative Uses
Best Use
Healthcare Medical
$2.26M
$1.98M – $2.64M
NOI $158,483 @ 7.0% cap · market cap 4.78%
Second Best
Office B
$2.02M
$1.77M – $2.36M
NOI $141,486 @ 7.0% cap · market cap 4.27%
Theoretical Best
Warehouse
$3.26M
$2.85M – $3.80M
NOI $228,120 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,479
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 86305, AZ
19,555
Population
10,920
Households
1.8
Avg Household Size
62
Median Age
47%
College-Educated
97%
High-School Grad
588.5 sq mi
ZIP Area
33
Density / Sq Mi
$78,802
Median Household Income
$37,630
Median Earnings
$1,132
Median Rent
$627,100
Median Home Value
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Market
Properties on Market for Medical Office Space in Prescott
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- High Desert House Calls / Pet Hospital — 1526 Idylwild Rd # A, Prescott, AZ 86305
- Dr. Jesse Baxter — 1526 Idylwild Rd # A, Prescott, AZ 86305
- Harmony Veterinary Care — 826 Sunset Ave, Prescott, AZ 86305
- Killian Raenell DVM — 1318 W Iron Springs Rd, Prescott, AZ 86305
- Pauletto Tammy J DVM — 1318 W Iron Springs Rd, Prescott, AZ 86305, United States
Frequently Asked Questions
What type of property is this?
Medical Office Space - The property is located in Prescott, Arizona, at 790 Gail Gardner Way.
Where is this medical office space located?
The property is located at 790 Gail Gardner Way Prescott, AZ.
What is the asking price?
The asking price for this property is $3,313,000.
What are key features of this property?
This property features: 9,728‑square‑foot medical office property; Located at 790 Gail Gardner Way in Prescott, Arizona
