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Property profile & analytics
FOR LEASE
Medical Office Space

305 N Willard St Cottonwood, AZ 86326

1,966 SF 0.13 ac lot Built 1996
Trust Owned 19-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US07-0792991
Property summary
AI-generated overview

This single-tenant medical office building, totaling 2,000 square feet, is ideally situated across from Verde Valley Medical Center and near Historic Old Town Cottonwood. Built in 1996 on a 0.13-acre lot, this one-story building is part of a medical office park, sharing common parking, trash, power, and landscaping with four other buildings. The property features seven exam rooms, three bathrooms, a spacious patient waiting area, built-in administrative desks, and ample storage. Accessibility is ensured with ramps at both the front and rear. Utilities are the tenant's responsibility (electricity, natural gas, water, internet), while sewer, water, and trash are included in the CAM charge of $0.25 per square foot. A 5-year lease is required, with a 3% annual rent increase. Transaction privilege taxes (3.5% of rent and NNN) are due per City of Sedona requirements. The security deposit equals one month's rent. Rent and NNN charges begin on the lease start date; tenant improvement negotiations are possible. There is no assigned parking. The property is zoned C3 and has APN 406-42-109E. Power is electric.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1996
Construction STEEL FRAME
Total area 1,966 SF
Lot 0.13 ac (5,663 SF)
APN 406-42-109E
UPID US07-0792991
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Edwin Eng Family Trust · 19 yrs held
Edwin Eng Family Trust
since 2007
2 recorded transactions
2007
$1.8M
2002
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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