305 Willard StCottonwood, AZ 86326

  • Healthcare properties
  • 1,966 SF
For Lease
$14.40/SF/YR View listing

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
305 Willard St, Cottonwood, Arizona

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$2,583
$6,222
$67,833
$74,055
-
$34,569
$376,849
$411,418

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