www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27397677
33623832

223 White Spar Road, Prescott, AZ 86303

SS
AZ BR102761000
Invest Southwest Commercial Real Estate
MK
AZ SA566847000
Invest Southwest Commercial Real Estate
Listed by Invest Southwest Commercial Real Estate
$875,000
267 days on market
Updated 10 days ago

223 White Spar Road

Details
APN 109-15-011C
Property Type Office
Sub Type Traditional Office, Office - Building
Square Footage 3,601
Net Rentable (SqFt) 3,601
Units 11
Cap Rate 6.47%
NOI $56,625
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $243
Class B
Year Built 1992
Buildings 1
Acreage 0.190
Zoning BG
Investment Type Stabilized

100% Leased

Marketing description

Situated less than a mile south of Prescott’s downtown Courthouse Square, the property fronts State Route 89, a main state highway entering Prescott from the south. The 2-story building consists of 3 suites. Current tenants include a travel agency in year 2 of a 10 year lease as anchor tenant, an esthetician studio with a new 5 year lease and a home improvement company with a new 2 year lease. Generous rent escalations allow for investment growth. The property recently had exterior paint as well as new interior paint and flooring in 2 of the suites. There are 11 on-site parking spaces which were recently re-striped as well as street parking. Collectively, these attributes position the property as a solid addition to an investment portfolio near the thriving downtown Prescott core.

Investment highlights

  • 100% Occupied Net Lease Investment
  • Within a mile of Downtown Prescott
  • Anchor Tenant | 10% Rent Escalations
  • High Traffic corridor
  • 11 on-site parking spaces
  • Priced Below Replacement Cost
Icon
Powered by Prescott Area Association Of Realtors
Learn More

Listing Contacts

SS
AZ BR102761000
Invest Southwest Commercial Real Estate
MK
AZ SA566847000
Invest Southwest Commercial Real Estate
Listed by Invest Southwest Commercial Real Estate

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$56,625.00
$4,718.75/mo

Valuation Metrics

0
DSCR
6.47%
Cap Rate
6.47%
ROI

Map

Zoning

Intelligence Badge
BG CommercialGeneral CommercialBusiness General
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 194 uses
View all 194 uses
Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591