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

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

More Information

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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