420 Miller Valley Road, Prescott, AZ 86301
$3,120,000
Property Type:
Commercial/Indstrial
Square Footage:
13,200
Lot Size (sq. ft.):
69,696
Status:
Pending
Current Price:
$3,120,000
List Date:
12/10/2025
Last Modified:
12/18/2025
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
ContractAddressLegal
Original List Price: 3120000
Listing Date: 2025-12-09
Status: Pending
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
Lot Size: 69696
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: 1
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
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 - 18 - 2025
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