$3,120,000
Prescott, AZ 86301
MLS# 1078229
Status: Pending
13200 sqft
1 / 28
Property Description
Compelling investment opportunity featuring a long-standing tenant with a lease in place through March 2029 plus an option period. The ±13,200 SF building sits on ±1.6 acres along Miller Valley Road with convenient access to downtown Prescott. Current NOI is $201,000 with heavy escalators through the remaining initial term, increasing to a projected NOI of $218,520 beginning March 2026. As it sits at a 6.44 CAP rate which will increase to 7.00 CAP in March of 2026. Tenant pays Landlords taxes and insurance while maintaining this efficient operation and property.
Details
Maps
Documents
Contract/Address/Legal
List Price/SqFt: 236
Neighborhood: N/A
Comm Type: Industrial
REO/Short Sale: Not Applicable
Zoning: IL / MF-H
Zoning Description: Industrial Light/MF
Assessor's Book #: 113
Assessor's Map #: 10
Assessor's Parcel #: 1
Assessor Parcel Ltr: a
Legal: MURPHY'S FIFTH SUB BLOCK 6 REPLAT LOTS 1-6 & PORTION OF LOT 7 PER MAP 2022-0017967. LOT 1R
General Property Description
Aprx Acres: 1.6
Lot Size: 69696
Buildings: 3
Source of Measuremnt: Owner
Stories: 2
Floor: 2
Parking Spaces: 74
Management: Owner
Vac Rate %: 0
GRM: -
Traffic Count Per Day: 28000
CC & R Fees: 1920
Property Use: Investment Prop
Construction Status: Existing
Solar Y/N: No
Total Liveable SqFt: 13200
Year Built: 1971
NOI $: 218520
Cap %: 7
Baths - Full: 1
Tax Info
Taxes: 2437
Tax Year: 2025
Remarks & Misc
Directions: Located along Miller Valley Road with convenient near to downtown Prescott, this location offers a nearby light industrial and automotive uses, surrounded by retail user along the developing Miller Valley corridor.
Remarks: Compelling investment opportunity featuring a long-standing tenant with a lease in place through March 2029 plus an option period. The ±13,200 SF building sits on ±1.6 acres along Miller Valley Road with convenient access to downtown Prescott. Current NOI is $201,000 with heavy escalators through the remaining initial term, increasing to a projected NOI of $218,520 beginning March 2026. As it sits at a 6.44 CAP rate which will increase to 7.00 CAP in March of 2026. Tenant pays Landlords taxes and insurance while maintaining this efficient operation and property.
Office/Member Info
Listing Exclusions: No
Building Type
2-4 Units: 1
Indust - Flex Space: 1
Retail - Free Stand: 1
Construction
Frame - Steel: 1
Cooling
Central Air: 1
Evaporative Cooling: 1
Mini-Split: 1
External Amenities
Fence: 1
Handicap Access: 1
Landscaped: 1
Paved Parking: 1
Security Lights: 1
Storage Yard: 1
Flooring
Concrete: 1
Heating
Natural Gas: 1
Records Available
Other - See Remarks: 1
Road Responsibility
City: 1
Roof
Metal: 1
Bathrooms
ADA: 1
Interior: 1
Separate M and W: 1
Staff: 1
Business Location
Commercial Strip: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
Commercial Amenities
Ceiling Ht. 16+: 1
Grade Level: 1
Roll-Up Door(s): 1
Utilities Installed
220: 1
3 Phase: 1
Electricity: 1
Individual Meter: 1
Natural Gas: 1
Security System: 1
Telephone: 1
Underground: 1
Water - City: 1
WWT - City Sewer: 1
Internal Amenities
Bathroom: 1
Mezzanine: 1
Security/Alarm: 1
Sprinklers: 1
Parking
On-Site: 1
Storage: 1
Street Parking: 1
Trailer: 1
ContractAddressLegal
Original List Price: 3120000
Listing Date: 2025-12-09
Status: Pending
Listing Price: 3120000
Street #: 420
Street Name: Miller Valley
St Suffix: Road
City/Township: Prescott
State: AZ
Zip Code: 86301
County: Yavapai
Tax Parcel: 113-10-001a
Status Change Info
Under Contract Date: 2025-12-17
Property Features
Bathrooms: ADA; Interior; Separate M and W; Staff
Building Type: 2-4 Units; Indust - Flex Space; Retail - Free Stand
Business Location: Commercial Strip
Commercial Amenities: Grade Level; Roll-Up Door(s); Ceiling Ht. 16+
Construction: Frame - Steel
Cooling: Central Air; Evaporative Cooling; Mini-Split
External Amenities: Fence; Handicap Access; Landscaped; Paved Parking; Security Lights; Storage Yard
Flooring: Concrete
Heating: Natural Gas; Natural Gas
Internal Amenities: Bathroom; Mezzanine; Security/Alarm; Sprinklers
Parking: On-Site; Storage; Street Parking; Trailer
Records Available: Other - See Remarks
Roof: Metal
Utilities Installed: 220; 3 Phase; Electricity; Individual Meter; Natural Gas; Security System; Telephone; Underground; Water - City; WWT - City Sewer
420 Miller Valley - OM 
Listing Office: Arizona Commercial
Last Updated: December - 18 - 2025
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Prescott Area Association of REALTORS. Information provided is thought to be reliable but is not guaranteed to be accurate. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Real estate listings held by brokerage firms other than the website owner, are indicated by detailed information about them such as the name of the listing firms. Copyright© 2020 Prescott Area Association of REALTORS. All rights reserved.