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Office buildings
AZ
Prescott
86303
223 White Spar Rd

Property profile

223 White Spar Rd Prescott, AZ 86303

FOR SALE

Office buildings

Property ID

US07-1125900

3,601 SF 0.19 ac lot Built 1992

Entity Owned 6-yr Hold ~ Est. High Equity

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$875,000 3,601 SF

223 White Spar Rd, Prescott, AZ 86303
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This exceptional 3,601 square foot office building in Prescott, Arizona, presents a compelling investment opportunity. Situated on a 0.18-acre lot at 223 White Spar Road, the property boasts a strong tenant base with a recently renewed 10-year, triple-net (NNN) lease for the main 2,413 square foot unit. This long-term lease provides immediate and stable cash flow. Two additional units, totaling 1,188 square feet (988 sq ft and 200 sq ft), offer flexibility for lease to additional tenants or owner occupancy. Recent improvements enhance the property's appeal, including fresh interior and exterior paint in the lower-level unit (Unit B), new carpeting, and restriped parking. The building is equipped with ADA-compliant access and restrooms on both levels, ensuring accessibility and convenience. With a projected 7.0% capitalization rate (based on all three units), this property offers a strong return on investment. The prime location on White Spar Road provides excellent visibility and accessibility. This is an ideal opportunity for investors seeking a stable, high-yield commercial property in a desirable Prescott location.

Property type Office buildings

Use group OFFICE BUILDING

Year built 1992

Construction STEEL FRAME

Total area 3,601 SF

Lot 0.19 ac (8,276 SF)

APN 109-15-011C

UPID US07-1125900

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Property Management Company
Travel Agency
Association / Organization
Spa & Massage Center Skin Care Clinic
Real Estate Agency

223 White Spar Rd Prescott, AZ 86303

Prescott metro Census 804 PRESCOTT VALLEY-PRESCOTT, AZ METROPOLITAN STATISTICAL AREA

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Blend (final) Blend

$240k

since 2019

6 recorded transactions

2019

$64,500

2013

$350,000

2005

$333,000

2004

Price N/A

2003

Price N/A

1969

Price N/A

Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

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Value Estimation by Request
1,079 SF

405 White Spar Rd

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405 White Spar Rd, Prescott, AZ 86303-4625

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Value Estimation
$245,000

0.01 Acres

Prescott, AZ 86303

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Value Estimation
$665,000

3,070 SF

239 Cortez St

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239 Cortez St, Prescott, AZ 86303-3938

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