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    Property profile & analytics

    3213 Lakeside Vlg Prescott, AZ 86301

    • Medical offices
    • 7,500 SF
    • 0.24 lot acres
    For Sale
    View listing
    $3,375,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0672540
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical offices

    Property Details for 3213 Lakeside Vlg

    Year built
    2024
    Lot size
    0.24 lot acres
    Property size
    7,500 SF
    Property type
    Medical offices
    APN
    106-47-334

    Description

    This brand-new, 7,500-square-foot Class A medical and traditional office building is available for purchase at $3,375,000 ($450/SF). Located at 3213 Lakeside Village in Prescott, Arizona (86301), this single-story building sits on a 0.24-acre lot and boasts 25 parking spaces. Built in 2024, the property features a NNN lease type and is currently vacant, offering a unique opportunity for a build-to-suit tenant. The building is strategically positioned near Willow Lake Road, providing excellent visibility and picturesque views, and offers convenient access to the Tri-city communities of Prescott, Prescott Valley, and Chino Valley. The property is zoned NOB (PAD) and its APN is 106-47-334. The flexible design allows for customization to meet specific needs, optimizing patient flow for medical users or maximizing efficiency for traditional office spaces. This turnkey solution includes everything needed for a seamless transition, addressing the complexities of establishing a new business location. The building's modern construction incorporates the latest in lighting and HVAC technology.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.451984
    Latitude
    34.598625

    Comparable in this City

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      Prescott Medical Office Building

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    • $1,125,000
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      Prescott Medical Office Building

      Brand new, vacant medical office space.
      3225 Lakeside Vlg, Prescott, AZ 86301
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    • $2,137,500
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      Prescott Medical Office Building

      Brand new, vacant medical office space.
      3233 Lakeside Vlg, Prescott, AZ 86301
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    • $2,300,000
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      NextCare Urgent Care Investment

      NNN leased medical office with long-term tenant in Prescott.
      2062 Willow Creek Rd, Prescott, AZ 86301
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    • New
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      Professional Office Building Near Hospital

      Well-maintained office building suitable for healthcare providers or investment.
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    • $599,478
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      Downtown Prescott Commercial Opportunity

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    Similar Nearby for Sale

    • $1,820,000
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      Prescott Medical Office Building

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    • $1,125,000
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      Prescott Medical Office Building

      Brand new, vacant medical office space.
      3225 Lakeside Vlg, Prescott, AZ 86301
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    • $2,137,500
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      Prescott Medical Office Building

      Brand new, vacant medical office space.
      3233 Lakeside Vlg, Prescott, AZ 86301
      View Details
    • $2,300,000
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      NextCare Urgent Care Investment

      NNN leased medical office with long-term tenant in Prescott.
      2062 Willow Creek Rd, Prescott, AZ 86301
      View Details
    • New
      $475,000
      1,361 SF

      Professional Office Building Near Hospital

      Well-maintained office building suitable for healthcare providers or investment.
      143 E Merritt St, Prescott, AZ 86301
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    • $599,478
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      Downtown Prescott Commercial Opportunity

      Versatile commercial space in downtown Prescott, suitable for various businesses.
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    Similar Nearby for Lease

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    • $14 SF/Yr
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      Montezuma Plaza Office Space

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    Prescott, AZ 86301
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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