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Investment Highlights

  • Central Location
  • Easily Accessible and Visible

Executive Summary

This quality commercial office building is located along the high traffic corridor of White Spar Rd with excellent visibility. Suite A, ±2413 sf, has a long term tenant who recently signed a new ten year NNN lease with increases. Two lower suites are available for a total of ±1188 sf, perfect for an owner user or income. Based on 2026 proforma rents this investment will return a 7.08% cap rate fully leased. Property recently had exterior paint as well as paint and flooring of Suites B & C. Property has 11 onsite spaces which were recently restriped. Nice investment opportunity near downtown Prescott!

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
3,061 SF
Building Class
C
Year Built
1992
Price
$780,000
Price Per SF
$254.82
Cap Rate
7.08%
NOI
$55,224
Percent Leased
68%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,531 SF

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 988 SF
  • Office
  • Full Build-Out
  • Now

This quality commercial office building is located along the high traffic corridor of White Spar Rd with excellent visibility. Suite B has easy access on the lower level with parking. Great location for any office user! Reception/waiting area, reception office plus 2 offices and conference room or third office. Easy to find for your clients. Close to downtown.

Space Size Space Use Condition Available
1st Floor 988 SF Office Full Build-Out Now

1st Floor

Size
988 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Floor

Size 988 SF
Space Use Office
Condition Full Build-Out
Available Now

This quality commercial office building is located along the high traffic corridor of White Spar Rd with excellent visibility. Suite B has easy access on the lower level with parking. Great location for any office user! Reception/waiting area, reception office plus 2 offices and conference room or third office. Easy to find for your clients. Close to downtown.

Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
109-15-011C
Land Assessment
$82,644
Improvements Assessment
$732,558
Total Assessment
$815,202
  • Listing ID: 39586563

  • Date on Market: 2/26/2026

  • Last Updated:

  • Address: 223 White Spar Rd, Prescott, AZ 86303

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