$1,750,000
Prescott, AZ 86301
MLS# 1085356
5088 sqft
1 / 20
Property Description
711 Whipple Street presents a compelling multi-tenant investment opportunity or owner user property in Prescott, offered at $1,750,000. The property features five individual units, providing flexibility for investors, owner-users, or future repositioning. Recent capital improvements include a new roof completed in 2025 and new HVAC in 2024, reducing near-term capital needs. Four of the five existing leases expire at the end of the year, creating an opportunity for a buyer to renew tenants, adjust lease terms and rental rates, reposition the tenant mix, or occupy a portion of the property. Pro forma financials project an NOI of $127,200 at $25.00 per square foot NNN, representing a 7.26% capitalization rate at the asking price. Ideally located along the established Whipple Street commercial corridor with convenient access to neighboring Dignity Health and surrounding businesses, medical offices, and residential neighborhoods.
Details
Maps
Documents
Contract/Address/Legal
List Price/SqFt: 344
Comm Type: Office
REO/Short Sale: Not Applicable
Zoning: MF-H
Assessor's Book #: 113
Assessor's Map #: 5
Assessor's Parcel #: 1
Assessor Parcel Ltr: a
Legal: DAMERON PARK ADDN IRREG PCL LYING ALONG SLY R/W WHIPPLE ST BETWN ELY R/W DIVISION ST & WLY R/W BIRD ST 2198/369
General Property Description
Aprx Acres: 0.62
Lot Size: 27,007
Buildings: 1
Aprx SqFt - Building: 5088
Source of Measuremnt: County Assessor
Stories: 2
Parking Spaces: 26
Vac Rate %: 0
GRM: --
CC & R Fees: 5088
Solar Y/N: No
Year Built: 1986
NOI $: 127200
Cap %: 7.27
Baths - Full: 5
Tax Info
Taxes: 6866
Tax Year: 2025
Remarks & Misc
Remarks: 711 Whipple Street presents a compelling multi-tenant investment opportunity or owner user property in Prescott, offered at $1,750,000. The property features five individual units, providing flexibility for investors, owner-users, or future repositioning. Recent capital improvements include a new roof completed in 2025 and new HVAC in 2024, reducing near-term capital needs. Four of the five existing leases expire at the end of the year, creating an opportunity for a buyer to renew tenants, adjust lease terms and rental rates, reposition the tenant mix, or occupy a portion of the property. Pro forma financials project an NOI of $127,200 at $25.00 per square foot NNN, representing a 7.26% capitalization rate at the asking price. Ideally located along the established Whipple Street commercial corridor with convenient access to neighboring Dignity Health and surrounding businesses, medical offices, and residential neighborhoods.
Building Type
Office - Building: 1
Construction
Other - See Remarks: 1
Cooling
Central Air: 1
External Amenities
Handicap Access: 1
Landscaped: 1
Paved Parking: 1
Flooring
Carpet: 1
Laminate: 1
Heating
Natural Gas: 1
Records Available
Other - See Remarks: 1
Road Responsibility
City Maintained Road: 1
Paved: 1
Roof
Asphalt Shingle: 1
Bathrooms
ADA: 1
Interior: 1
Separate M and W: 1
Business Location
Commercial Strip: 1
Corner Location: 1
Freestanding Bldg: 1
Traffic Signal: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
Commercial Amenities
None: 1
Utilities Installed
Electricity: 1
Master Meter: 1
Natural Gas: 1
Telephone: 1
Underground: 1
Water - City: 1
WWT - City Sewer: 1
Internal Amenities
Bathroom: 1
Parking
On-Site: 1
Street Parking: 1
ContractAddressLegal
Original List Price: 1750000
Listing Date: 2026-09-28
Status: Active
Listing Price: 1750000
Street #: 711
Street Name: Whipple
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: Dameron Park Add
County: Yavapai
Tax Parcel: 113-05-001a
Property Features
Bathrooms: ADA; Interior; Separate M and W
Building Type: Office - Building
Business Location: Commercial Strip; Corner Location; Freestanding Bldg; Traffic Signal
Commercial Amenities: None
Construction: Other - See Remarks
Cooling: Central Air
External Amenities: Handicap Access; Landscaped; Paved Parking
Flooring: Carpet; Laminate
Heating: Natural Gas; Natural Gas
Internal Amenities: Bathroom
Parking: On-Site; Street Parking
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road; Paved
Roof: Asphalt Shingle
Utilities Installed: Electricity; Master Meter; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer
OM 
Listing Office: Arizona Commercial
Last Updated: September - 28 - 2026
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