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    999 Division St Prescott, AZ 86301

    For Sale
    $1,820,000

    Net-leased medical office, high cap rate.

    Property size:
    4,922 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a single-tenant, net-leased medical office building in Prescott, Arizona. Priced at $1,820,000, this property boasts a compelling 6.5% cap rate with annual CPI increases. The 4,922-square-foot building, constructed in 1988 and recently renovated, is situated adjacent to Dignity Health hospital's west campus, ensuring high visibility and convenient access. Currently leased to Arizona Neurosurgery & Spine, the lease commenced January 1, 2022, and expires December 31, 2026. The main level (approximately 4,000 square feet) comprises five exam rooms with sinks, three provider offices (convertible to exam rooms), a large surgical room, three surgical prep rooms, a separate surgical lobby and entrance, two nursing stations, a manager's office, a spacious waiting room with reception, a laundry room, two storage rooms, two restrooms, and a private patio. The second floor (approximately 920 square feet) offers additional office space in an open bullpen layout, a kitchen/breakroom, and a restroom. The property includes 24 on-site parking spaces. The tenant currently occupies only the first floor; the second floor is available for lease or owner use. This property offers a strong return on investment with potential for future growth. The APN is 116-19-003B & 003D. Located at 999 Division St, Prescott, AZ 86301.

    Property Features for 999 Division St

    General Information

    Property type
    Medical offices
    Square Feet
    4,922 SF

    Building Details

    Year Built
    1988
    Stories
    2

    HighLights

    • $1,820,000 asking price.
    • Net‑leased medical office building.
    • 6.5% cap rate with annual CPI increases.
    • 4,922 square feet.
    • Located in Prescott, AZ, adjacent to Dignity Health hospital's west campus.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Prescott Family Practice Medical Clinic AZ Neurosurgery and Spine ... Neurosurgeon GF Medical Medical Clinic Thresiamma Anthony Nurse Practitioner

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.4787761
    Latitude
    34.5595809

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    FAQs

    What type of property is this?
    Medical office - Net-leased medical office, high cap rate.
    Where is this medical office located?
    The property is located at 999 Division St Prescott, AZ.
    What is the asking price?
    The asking price for this property is $1,820,000.
    What are key features of this property?
    This property features: $1,820,000 asking price.; Net-leased medical office building.; 6.5% cap rate with annual CPI increases.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    999 Division St Prescott, AZ 86301
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