420 Miller Valley Road, Prescott, AZ 86301
New Listing
$3,120,000
Property Type:
Commercial/Indstrial
Square Footage:
13,200
Lot Size (sq. ft.):
69,696
Status:
Active
Current Price:
$3,120,000
List Date:
12/10/2025
Last Modified:
12/10/2025
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.
More Information MLS# 1078229
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 #: 1
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
General Property Description
Aprx Acres: 1.6
Lot Size: 69696
Buildings: 3
Source of Measuremnt: Owner
Stories: 2
Floor: 2
Parking Spaces: 74
Management: Owner
Vac Rate %: 0
GRM: -
Traffic Count Per Day: 28000
CC & R Fees: 1920
Property Use: Investment Prop
Construction Status: Existing
Solar Y/N: No
Total Liveable SqFt: 13200
Year Built: 1971
NOI $: 218520
Cap %: 7
Baths - Full: 1
Tax Info
Taxes: 2437
Tax Year: 2025
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.
Office/Member Info
Listing Exclusions: No
Building Type
2-4 Units: 1
Indust - Flex Space: 1
Retail - Free Stand: 1
Construction
Frame - Steel: 1
Cooling
Central Air: 1
Evaporative Cooling: 1
Mini-Split: 1
External Amenities
Fence: 1
Handicap Access: 1
Landscaped: 1
Paved Parking: 1
Security Lights: 1
Storage Yard: 1
Flooring
Concrete: 1
Heating
Natural Gas: 1
Records Available
Other - See Remarks: 1
Road Responsibility
City: 1
Roof
Metal: 1
Bathrooms
ADA: 1
Interior: 1
Separate M and W: 1
Staff: 1
Business Location
Commercial Strip: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
Commercial Amenities
Ceiling Ht. 16+: 1
Grade Level: 1
Roll-Up Door(s): 1
Utilities Installed
220: 1
3 Phase: 1
Electricity: 1
Individual Meter: 1
Natural Gas: 1
Security System: 1
Telephone: 1
Underground: 1
Water - City: 1
WWT - City Sewer: 1
Internal Amenities
Bathroom: 1
Mezzanine: 1
Security/Alarm: 1
Sprinklers: 1
Parking
On-Site: 1
Storage: 1
Street Parking: 1
Trailer: 1
ContractAddressLegal
Original List Price: 3120000
Listing Date: 2025-12-09
Status: Active
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
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
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: December - 10 - 2025
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