305 Willard StCottonwood, AZ 86326
- Healthcare properties
- 1,966 SF
Property Details for 305 Willard St
- Year built
- 1996
- Construction
- STEEL FRAME
- Lot size
- 0.13 AC
- Property size (Sq ft)
- 1,966 SF
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 406-42-109E
- APU
- 40642109E
Description
This single-tenant medical office building, totaling 2,000 square feet, is ideally situated across from Verde Valley Medical Center and near Historic Old Town Cottonwood. Built in 1996 on a 0.13-acre lot, this one-story building is part of a medical office park, sharing common parking, trash, power, and landscaping with four other buildings. The property features seven exam rooms, three bathrooms, a spacious patient waiting area, built-in administrative desks, and ample storage. Accessibility is ensured with ramps at both the front and rear. Utilities are the tenant's responsibility (electricity, natural gas, water, internet), while sewer, water, and trash are included in the CAM charge of $0.25 per square foot. A 5-year lease is required, with a 3% annual rent increase. Transaction privilege taxes (3.5% of rent and NNN) are due per City of Sedona requirements. The security deposit equals one month's rent. Rent and NNN charges begin on the lease start date; tenant improvement negotiations are possible. There is no assigned parking. The property is zoned C3 and has APN 406-42-109E. Power is electric.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $315,176
- 6.5%
- $290,932
- 7%
- $270,151
-
Comparable approach
- Method
- Valuation
- Relative Method
- $303,059
- Geo Method
- $303,059
-
Alternative Use
- Use
- Valuation
- Residential
- $360,755
- Hospitality
- $330,450
- Educational
- $274,931
- Medical
- $284,386
- Retail
- $427,670
Location Insight
- City
- Cottonwood
- County
- Yavapai
- State
- Arizona
- Latitude
- 34.7342
- Longitude
- -112.027
- CBSA code
- 39150
- CBSA name
- PRESCOTT VALLEY-PRESCOTT, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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