131 Navajo DrPrescott, AZ 86301

Property Details for 131 Navajo Dr

Year built

1996

Construction

STEEL FRAME

Lot size

0.17 AC

Property size (Sq ft)

1,512 SF

Property type

Office buildings

APN

113-03-021L

APU

11303021L

Description

This exceptional Prescott commercial property at 131 W Navajo Drive offers 3,024 square feet of versatile space on a 0.17-acre lot. Currently configured as three suites, the building originally comprised four. The upper level occupies the entire floor, offering a single, well-maintained suite ideal for a variety of businesses. This expansive suite features a welcoming tile foyer leading to a main office area with luxury vinyl plank flooring. The layout includes a spacious reception area, two three-quarter bathrooms, five private offices, a dedicated conference room, and a convenient storage closet. Two HVAC systems on the main level provide excellent climate control and adaptability for different tenant needs. The lower level houses two additional suites, each approximately 750 square feet. One suite is currently leased to a general contractor, and the other to a hair salon, providing immediate income potential. This low-maintenance building presents a fantastic opportunity for an owner-occupier or investor seeking a strong return on investment in the thriving Prescott market. The asking price is $575,000.

• CAP approach

  CAP return

  Valuation

  6%

  $242,394

  6.5%

  $223,748

  7%

  $207,766

• Comparable approach

  Method

  Valuation

  Relative Method

  $233,075

  Geo Method

  $233,075

• Alternative Use

  Use

  Valuation

  Residential

  $277,448

  Hospitality

  $254,141

  Educational

  $211,442

  Medical

  $218,714

  Retail

  $328,910

Location Insight

City

Prescott

County

Yavapai

State

Arizona

Latitude

34.5524

Longitude

-112.47

CBSA code

39150

CBSA name

PRESCOTT VALLEY-PRESCOTT, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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