Prescott, AZ
Commercial Real Estate Market Trends & Data

$344 Avg asking sale price
$640 Avg asking lease rate
57,565 SF Avg unit lease size
17,363 SF Avg building size for sale
6.19% Average cap rate

Prescott's Demographic Profile

Prescott has 25,847 households and a median income of $62,621, providing context for rent absorption and tenant demand across retail and multifamily assets. A +12% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 54,382
# Households 25,847
Median age 58
Median household income $62,621
Avg household size 2.0
Renter-occupied housing units 8,059
5-year population change +12%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Prescott, AZ

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Prescott $417 4,480 SF
Prescott Valley $379 4,633 SF
Ash Fork $292 2,387 SF
Clarkdale $535 3,979 SF
Cottonwood $410 4,537 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Prescott $350 4,588 SF 7.08%
Camp Verde $224 4,900 SF 6.02%
Wickenburg $250 2,500 SF 6.57%

Commercial Properties For Sale in Prescott

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Commercial Lots in the Boulders

Prescott, AZ 86305

  • 2.71 AC Lot
  • 1 Commercial Lot
  • $2,200,000
For Sale

12065 E State Route 69 - Dewey, AZ

Dewey, AZ 86327

  • 3.21 AC Lot
  • 1 Commercial Lot
  • $800,000
For Sale

Polara Health Medical Office

Prescott, AZ 86301

  • 2,820 SF Office Building
  • $649,000
For Sale

Commercial Office Portfolio

Prescott, AZ 86301

  • 22,395 SF Office Building
  • 6.00% Cap Rate
  • $5,437,519
For Sale

Eastridge Dr.- Easy Build with all utilites

Prescott Valley, AZ 86314

  • 3.07 AC Lot
  • 1 Commercial Lot
  • $1,350,000
For Sale

Commercial Retail Office Building For Sale

Chino Valley, AZ 86323

  • 720 SF Retail Building
  • $249,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Prescott pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Prescott $344 17,363 SF
Kirkland $310 2,682 SF
Chino Valley $212 18,571 SF
Prescott Valley $313 21,121 SF
Seligman $106 8,439 SF

Multifamily Properties For Sale in Prescott

For Sale

1490 W Gurley St

Prescott, AZ 86305

  • 1,902 SF Multifamily
  • 6.81% Cap Rate
  • $759,000

Regional Demographic Comparison

This comparison places Prescott alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Prescott or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Prescott 54,382 25,847 58 $62,621 2 8,059 12%
Chino Valley 13,068 5,303 48 $49,292 2 1,045 8%
Prescott Valley 48,993 20,534 48 $63,384 2 6,146 9%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Prescott, AZ and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Prescott

View All Commercial Real Estate For Sale in Prescott
Is Prescott a good market for a first-time commercial real estate investor?

Prescott offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Prescott?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Prescott. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Prescott?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Prescott. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Prescott compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Prescott. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Prescott acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Prescott, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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