223 White Spar Road, Prescott, AZ 86303

$780,000
Property Type: Commercial/Indstrial Baths: 3 Square Footage: 3,601 Lot Size (sq. ft.): 8,276 Status: Active
Current Price: $780,000 List Date: 10/07/2025 Last Modified: 10/07/2025

Overview

Description

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.

Listing Details MLS# 1077021

ContractAddressLegal

Original List Price
780000
Listing Price
780000
Street #
223
Street Name
White Spar
St Suffix
Road
City/Township
Prescott
State
AZ
Zip Code
86303
Subdivision
None
County
Yavapai
Tax Parcel
109-15-011c

General Property Description

Aprx Acres
0.19
Buildings
Yes
Total Liveable SqFt
3601
Source of Measuremnt
County Assessor
Stories
2
Parking Spaces
11
Year Built
1992
Management
Owner
Vac Rate %
33
NOI $
55250
Cap %
7.08
CAM $
5.87
Baths - Full
3
Property Use
Investment Prop
Construction Status
Existing
Max Contgs/Bldg Sz
1188
Space Available
Yes
Date Available
2025-10-03
Total Bathrooms
3
Suite #
A,B,C
CC & R
No
GRM
No
CC & R Fees
0

Tax Info

Taxes
4853
Tax Year
2025

Contract/Address/Legal

List Price/SqFt
217
Neighborhood
N/A
Comm Type
Office
REO/Short Sale
Not Applicable
Zoning
BG
Zoning Description
Business General
Assessor's Book #
109
Assessor's Map #
15
Assessor's Parcel #
11
Assessor Parcel Ltr
c
Legal
TRAPPMAN ADDN ERLY PTN OF LOTS 22 & 23 & W2 OF ABANDONED ALLEY LY ING ALONG E SIDE OF LOTS 22 & 23 BLK 1

Remarks & Misc

Directions
South on Montezuma to White Spar Rd to building on south side of road.
Remarks
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.

Office/Member Info

Listing Exclusions
No

More Information

Building Type

2-4 Units
Yes
Office - Building
Yes

Construction

Frame - Wood
Yes
Stucco
Yes

Cooling

Central Air
Yes
Heat Pump
Yes

External Amenities

Landscaped
Yes
Paved Parking
Yes

Flooring

Carpet
Yes
Tile
Yes
Wood
Yes

Heating

Electric
Yes
Heat Pump
Yes

Records Available

Other - See Remarks
Yes

Road Responsibility

City
Yes
City Maintained Road
Yes
Paved
Yes

Roof

Asphalt Shingle
Yes

Bathrooms

ADA
Yes
Exterior
Yes
Interior
Yes

Business Location

Freestanding Bldg
Yes
Office/Professional
Yes

Terms & Conditions

1031 Exchange
Yes
Conventional
Yes

Commercial Amenities

Ceiling Ht. Under 12
Yes

Utilities Installed

220
Yes
Electricity
Yes
Master Meter
Yes
Security System
Yes
Telephone
Yes
Underground
Yes
Water - City
Yes
WWT - City Sewer
Yes

Internal Amenities

Bathroom
Yes
Fire/Smoke Detector
Yes
Security/Alarm
Yes

Parking

On-Site
Yes
Street Parking
Yes

Property Features

Bathrooms: ADA; Exterior; Interior Building Type: 2-4 Units; Office - Building Business Location: Freestanding Bldg; Office/Professional Commercial Amenities: Ceiling Ht. Under 12 Construction: Frame - Wood; Stucco Cooling: Central Air; Heat Pump External Amenities: Landscaped; Paved Parking Flooring: Carpet; Tile; Wood Heating: Electric; Heat Pump Internal Amenities: Bathroom; Fire/Smoke Detector; Security/Alarm Parking: On-Site; Street Parking Records Available: Other - See Remarks Road Responsibility: City Maintained Road; Paved Roof: Asphalt Shingle Utilities Installed: 220; Electricity; Master Meter; Security System; Telephone; Underground; Water - City; WWT - City Sewer
Listing Office: Invest Southwest
Last Updated: October - 07 - 2025
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