420 Miller Valley Road, Prescott, AZ 86301

$3,200,000

Property Type: Commercial/Indstrial Square Footage: 13,200 Lot Size (sq. ft.): 69,696 Status: Closed

Current Price: $3,200,000 List Date: 12/10/2025 Last Modified: 1/30/2026

Overview

Description

Compelling investment opportunity featuring a long-standing tenant with a lease in place through March 2029 plus an option period. The ±13,200 SF building sits on ±1.6 acres along Miller Valley Road with convenient access to downtown Prescott. Current NOI is $201,000 with heavy escalators through the remaining initial term, increasing to a projected NOI of $218,520 beginning March 2026. As it sits at a 6.44 CAP rate which will increase to 7.00 CAP in March of 2026. Tenant pays Landlords taxes and insurance while maintaining this efficient operation and property.

Listing Details MLS# 1078229

ContractAddressLegal

Original List Price: 3120000
Listing Price: 3120000
Street #: 420
Street Name: Miller Valley
St Suffix: Road
City/Township: Prescott
State: AZ
Zip Code: 86301
County: Yavapai
Tax Parcel: 113-10-001a

General Property Description

Aprx Acres: 1.6
Buildings: 3
Total Liveable SqFt: 13200
Source of Measuremnt: Owner
Stories: 2
Floor: 2
Parking Spaces: 74
Year Built: 1971
Management: Owner
NOI $: 218520
Cap %: 7
Baths - Full: Yes
GRM: -
Traffic Count Per Day: 28000
Property Use: Investment Prop
Construction Status: Existing
Solar Y/N: No
CC & R Fees: 1920
Vac Rate %: 0

Tax Info

Taxes: 2437
Tax Year: 2025

Status Change Info

Under Contract Date: 2025-12-17
Sold Date: 2026-01-29
Sold Price/SqFt: 242
Financing: Cash

Contract/Address/Legal

List Price/SqFt: 236
Neighborhood: N/A
Comm Type: Industrial
REO/Short Sale: Not Applicable
Zoning: IL / MF-H
Zoning Description: Industrial Light/MF
Assessor's Book #: 113
Assessor's Map #: 10
Assessor's Parcel #: Yes
Assessor Parcel Ltr: a
Legal: MURPHY'S FIFTH SUB BLOCK 6 REPLAT LOTS 1-6 & PORTION OF LOT 7 PER MAP 2022-0017967. LOT 1R

Remarks & Misc

Directions: Located along Miller Valley Road with convenient near to downtown Prescott, this location offers a nearby light industrial and automotive uses, surrounded by retail user along the developing Miller Valley corridor.
Remarks: Compelling investment opportunity featuring a long-standing tenant with a lease in place through March 2029 plus an option period. The ±13,200 SF building sits on ±1.6 acres along Miller Valley Road with convenient access to downtown Prescott. Current NOI is $201,000 with heavy escalators through the remaining initial term, increasing to a projected NOI of $218,520 beginning March 2026. As it sits at a 6.44 CAP rate which will increase to 7.00 CAP in March of 2026. Tenant pays Landlords taxes and insurance while maintaining this efficient operation and property.

More Information

Office/Member Info

Listing Exclusions: No

Building Type

2-4 Units: Yes
Indust - Flex Space: Yes
Retail - Free Stand: Yes

Construction

Frame - Steel: Yes

Cooling

Central Air: Yes
Evaporative Cooling: Yes
Mini-Split: Yes

External Amenities

Fence: Yes
Handicap Access: Yes
Landscaped: Yes
Paved Parking: Yes
Security Lights: Yes
Storage Yard: Yes

Flooring

Concrete: Yes

Heating

Natural Gas: Yes

Possession

At Recordation: Yes

Records Available

Other - See Remarks: Yes

Road Responsibility

City: Yes

Roof

Metal: Yes

Bathrooms

ADA: Yes
Interior: Yes
Separate M and W: Yes
Staff: Yes

Business Location

Commercial Strip: Yes

Terms & Conditions

1031 Exchange: Yes
Conventional: Yes

Commercial Amenities

Ceiling Ht. 16+: Yes
Grade Level: Yes
Roll-Up Door(s): Yes

Utilities Installed

220: Yes
3 Phase: Yes
Electricity: Yes
Individual Meter: Yes
Natural Gas: Yes
Security System: Yes
Telephone: Yes
Underground: Yes
Water - City: Yes
WWT - City Sewer: Yes

Internal Amenities

Bathroom: Yes
Mezzanine: Yes
Security/Alarm: Yes
Sprinklers: Yes

Parking

On-Site: Yes
Storage: Yes
Street Parking: Yes
Trailer: Yes

Property Features

Bathrooms: ADA; Interior; Separate M and W; Staff Building Type: 2-4 Units; Indust - Flex Space; Retail - Free Stand Business Location: Commercial Strip Commercial Amenities: Grade Level; Roll-Up Door(s); Ceiling Ht. 16+ Construction: Frame - Steel Cooling: Central Air; Evaporative Cooling; Mini-Split External Amenities: Fence; Handicap Access; Landscaped; Paved Parking; Security Lights; Storage Yard Flooring: Concrete Heating: Natural Gas; Natural Gas Internal Amenities: Bathroom; Mezzanine; Security/Alarm; Sprinklers Parking: On-Site; Storage; Street Parking; Trailer Possession: At Recordation Records Available: Other - See Remarks Roof: Metal Utilities Installed: 220; 3 Phase; Electricity; Individual Meter; Natural Gas; Security System; Telephone; Underground; Water - City; WWT - City Sewer

Documents

420 Miller Valley - OM ›

Listing Office: Arizona Commercial

Last Updated: January - 30 - 2026

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