305 Willard StCottonwood, AZ 86326

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

Medical offices

Property subtype

Medical centers

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.

• 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

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