1237 N Rhinestone Dr 2,863 SF 100% Leased Office Building Prescott, AZ 86301 $849,500 ($296.72/SF) 7% Cap Rate

1237 North Rhinestone Drive offers a rare opportunity to acquire a high-quality, stand-alone building in the highly visible Highway 69 corridor between Prescott and Prescott Valley, within the established commercial area of Diamond Valley.
Originally constructed in 2004 by a high-end builder as a model home, the property features superior construction quality, flexible layout, and enticing curb appeal, making it ideal for professional services, medical / wellness, office, live-work, or residential-services use under RS-12 zoning.
Situated on approximately 0.91 acres, the property includes 11 freshly sealed, striped, and paved on-site parking spaces, full landscaping, and a handicap-accessible entrance compliant with OSHA/ADA standards, allowing immediate occupancy for many uses without costly retrofits.
The building’s location provides excellent access and visibility just off Highway 69, serving the growing Prescott–Prescott Valley market. The site offers ample outdoor space, attractive setbacks, and a professional presence rarely found in properties of this size and zoning category.
Highlights:
RS-12 zoning (Residential & Services – flexible use potential)
Approx. 0.91-acre fully improved site
High-quality construction; originally built as a model home
Ideal uses: medical/dental/spa, therapy, professional office, live-work
OSHA / ADA-compliant handicap access
11 on-site paved and marked parking spaces
Excellent Hwy 69 proximity and access
Ideal for owner-user or investor seeking mixed-use potential
For Sale by Owner
This is a turn-key opportunity for users seeking a professional environment with parking, accessibility, and long-term flexibility in one of Prescott’s most active growth corridors.