Medical/Professional Office Space
For Sale
Contact for pricing
3213 Lakeside Village, Prescott, AZ 86301
Customizable medical/professional office space in Prescott, Arizona.
Property Size7,500 SF
Price / SF$450
Days on Market800
Property Features for 3213 Lakeside Village
General Information
Standard status
Active
Size
7,500 SF
Class
A
Total Parking Spaces
25
Property subtype
Office
Zoning
NOB (PAD)
Lease Type
NNN
Building Details
Year Built
2024
Buildings
1
Stories
1
Listing Agency:
Arizona Commercial Real Estate
(928) 642-3032
Listed By:
Abigail Chartier · License #SA710066000
Source:
Crexi
Added: May 31, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:12AM
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.
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
Under-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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Bioveteria — 3607 Crossings Dr, Prescott, AZ 86305, United States
- Granite Mountain Vet Hospital — 3073 Willow Creek Rd, Prescott, AZ 86301
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 Village 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.
