Medical/Professional Office Space
For Sale
$3,375,000
3213 Lakeside Vlg, Prescott, AZ 86303
Customizable medical/professional office space in Prescott, Arizona.
Property Size7,500 SF
Price / SF$450
Days on Market666
Property Features for 3213 Lakeside Vlg
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Commercial
Building Details
Year Built
2023
Listing Agency:
Arizona Commercial
Listed By:
Abigail Chartier · License #SA710066000
(928) 642-3032
Source:
Searchprescotthouses
Added: Nov 26, 2024
Changed: Sep 9
Last Checked: Sep 22 at 5:56PM
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 Arizona Commercial
Investment Insights
Based on property information with market context.
This professional and medical office park is strategically positioned just off Willow Lake Road, conveniently nestled amidst the tri-city communities of Prescott, Prescott Valley, and Chino Valley. Specifically designed for a larger medical user, this location offers approximately 7,500 square feet of space. The commerce center is flexible, accommodating building sizes ranging from 2,500 square feet to over 7,500 square feet. This building is customizable to meet specific needs, tailored to optimize patient flows. The purchase includes everything needed to provide a seamless building solution to effectively address the complexities of your business. With excellent visibility and picturesque Willow Lake views, this site is a prime location in Prescott for developing medical, retail, and office buildings.
Key Highlights
- Prime location in Prescott for medical, retail, and office buildings with excellent visibility and picturesque Willow Lake views.
- Customizable space designed for a larger medical user, approximately 7,500 SF, optimizing patient flows.
- Flexible building sizes available, ranging from 2,500 SF to over 7,500 SF.
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
$122,186
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
3.62%
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%
$2,443,720
$2.4M
Cap Rate 7%
$1,745,514
$1.7M
Cap Rate 9%
$1,357,622
$1.4M
Market Conditions
NOI Build-Up for 7,500 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
$217.8K $29.04/SF
− Vacancy
−$14.2K −$1.89/SF
EGI
$203.6K $27.15/SF
− OpEx
−$81.5K −$10.86/SF
NOI
$122.2K $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%
$2,443,720
Cap Rate 7%
$1,745,514
Cap Rate 9%
$1,357,622
Alternative Uses
Best Use
Healthcare Medical
$1.75M
$1.53M – $2.04M
NOI $122,186 @ 7.0% cap · market cap 3.62%
Second Best
Office B
$1.56M
$1.36M – $1.82M
NOI $109,081 @ 7.0% cap · market cap 3.23%
Theoretical Best
Warehouse
$2.51M
$2.20M – $2.93M
NOI $175,874 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 86303, AZ
18,201
Population
12,255
Households
1.5
Avg Household Size
61
Median Age
41%
College-Educated
96%
High-School Grad
107.2 sq mi
ZIP Area
170
Density / Sq Mi
$68,656
Median Household Income
$44,428
Median Earnings
$1,309
Median Rent
$502,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
- Granite Mountain Vet Hospital — 3073 Willow Creek Rd, Prescott, AZ 86301
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Customizable medical/professional office space in Prescott, Arizona.
Where is this medical office space located?
The property is located at 3213 Lakeside Vlg Prescott, AZ.
What is the asking price?
The asking price for this property is $3,375,000.
What are key features of this property?
This property features: Prime location in Prescott for medical, retail, and office buildings with excellent visibility and picturesque Willow Lake views.; Customizable space designed for a larger medical user, approximately 7,500 SF, optimizing patient flows.; Flexible building sizes available, ranging from 2,500 SF to over 7,500 SF.
