Property profile

920 Black Dr Prescott, AZ 86305

OFF-MARKET
Medical Office Space
Property ID
US07-0905760
3,200 SF 0.21 ac lot Built 1983
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Discover a prime Prescott, AZ commercial property at 920 Black Drive, boasting 3,200 square feet of versatile office space on a 0.22-acre lot. Currently in shell condition, this property presents a unique value-add opportunity for discerning investors or businesses seeking a customizable space. The building's Business General zoning allows for a wide range of uses, including retail, office, medical, residential, and service businesses, providing significant flexibility for future development. The property benefits from convenient access to shopping centers and a hospital, ensuring high visibility and attracting a diverse clientele. Recent improvements include a new concrete parking lot completed in 2024 and an upgraded electrical system. While the property requires the installation of an HVAC system, this presents an opportunity to tailor the climate control to specific business needs. The seller is open to financing options, potentially carrying a portion of the loan with a minimum 25% down payment. This is an exceptional chance to acquire a well-located commercial property with significant upside potential in a thriving Prescott market. The property's strategic location and flexible zoning make it an ideal investment for those seeking a high-return opportunity. Act quickly to secure this promising asset.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1983
Construction CONCRETE
Total area 3,200 SF
Lot 0.21 ac (9,148 SF)
APN 115-05-045
UPID US07-0905760

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Weight Loss Service Holistic Medicine Practitioner

Location

920 Black Dr Prescott, AZ 86305-1404
Prescott metro Census 1004 PRESCOTT VALLEY-PRESCOTT, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2025
Last sale
$460,000
6 recorded transactions
2025
$515,000
2021
$460,000
2005
Price N/A
2005
Price N/A
2003
Price N/A
1989
$155,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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