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Property profile & analytics
FOR SALE
Medical Office Space
3605 Ranch Dr Prescott, AZ 86303
Entity Owned
16-yr Hold
Free & Clear
Property ID
US07-0909734
For Sale
1 / 39
$3,000,000
3605 Ranch Dr, Prescott, AZ 86303
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Property summary
AI-generated overview
This exceptional 7,618-square-foot medical office building in Prescott, Arizona, presents a unique investment opportunity. Built in 2009 and extensively renovated in 2022, the single-tenant property boasts a spacious layout ideal for a variety of medical uses. Currently configured as a dialysis center, the adaptable design includes numerous private offices, a large treatment room, ample storage, and multiple ADA-compliant bathrooms. A welcoming waiting area, dedicated spaces for water treatment and electronics, and other essential amenities enhance functionality. The 2022 renovations encompassed a new roof, updated HVAC systems, refreshed flooring, and fresh paint, ensuring a modern and efficient environment. The 1.17-acre lot provides 40 parking spaces, including four handicap-accessible spots, and attractive landscaping. The property features a 13-foot ceiling height and is zoned BR. Taxes are $1.98 per square foot. Available February 1, 2025, this property offers convenient access to all Prescott communities, making it an excellent choice for medical providers seeking expansion or a new location. The property's APN is 103-49-005. This is a single-story building with no elevators.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2009
Total area
7,618 SF
Lot
1.17 ac (50,965 SF)
APN
103-49-005
UPID
US07-0909734
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
Current use
Occupant on record · Public records
-
Fresenius Kidney Care Prescott Valley Medical Clinic
-
VICTORIA TRUONG VO Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$719k
Blend (final)
Blend
$1.18M
Owner & transaction history
Lej Properties LLC · 16 yrs held
Lej Properties LLC
since 2010
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.9M
+10.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Prescott submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Prescott submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,710,000
Current use
RETAIL STORES
$1,885,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$154 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$15,328
Tax year 2022
Assessed value
$331,018
Assessed 2025
Previous assessed
$336,442
-1.6% YoY
Effective rate
4.63%
On assessed value
Assessed land
$59,425
Assessed improvement
$271,593
Land market value
$396,164
Improvement market value
$1,810,617
Total market value
$2,206,781
Applied tax rate
120.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Status
For Sale
Year built
2009
Heating
OTHER
Cooling
AC.PACKAGE
Stories
1
Total area
7,618 SF
Lot
1.17 ac (50,965 SF)
APN
103-49-005
UPID
US07-0909734
Jurisdiction
YAVAPAI
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.7M
RETAIL STORES
Est. value
$1.9M
MEDICAL BUILDING Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Heating
OTHER
Cooling
Yes
Stories
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
Lej Properties LLC
Entity
Free & Clear · 16 yrs held
Mailing address
11400 W OLYMPIC BLVD STE #330, LOS ANGELES, CA 90064-1523
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2010
$2,396,200
Lej Properties LLC
Mdg-fre Xiv LLC
Warranty Deed
—
Jun 26, 2009
$235,200
Mdg Fre Xiv LLC
Bullwhacker Associates
Warranty Deed
$1,689,682 · Stillwater National Bank & Trust Co
—
—
Lej Properties LLC
—
Deed Of Trust
related
$1,600,000 · Northern Tr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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