711 Whipple ST, Prescott, AZ 86301
711 Whipple ST, Prescott, AZ 86301
711 Whipple ST, Prescott, AZ 86301
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Desert Dream Realty

Desert Dream Realty

+1(480) 252-8300
Listed by Arizona Commercial
$1,750,000
Est. payment /mo
0.62 Acres Lot
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Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Subdivision Dameron Park Add

MLS Listing ID 1085356

Year Built 1986

Annual Tax Amount $6,866

Tax Year 2025

Lot Size 0.620 Acres

Acres 0.62

Property Sub-Type Office

Source paar

Property Description

711 Whipple Street presents a compelling multi-tenant investment opportunity or owner user property in Prescott, offered at $1,750,000. The property features five individual units, providing flexibility for investors, owner-users, or future repositioning. Recent capital improvements include a new roof completed in 2025 and new HVAC in 2024, reducing near-term capital needs. Four of the five existing leases expire at the end of the year, creating an opportunity for a buyer to renew tenants, adjust lease terms and rental rates, reposition the tenant mix, or occupy a portion of the property. Pro forma financials project an NOI of $127,200 at $25.00 per square foot NNN, representing a 7.26% capitalization rate at the asking price. Ideally located along the established Whipple Street commercial corridor with convenient access to neighboring Dignity Health and surrounding businesses, medical offices, and residential neighborhoods.

Location

State AZ

County Yavapai

Interior

Heating Natural Gas

Cooling Central Air

Flooring Carpet, Laminate

Exterior

Exterior Feature Handicap Access

Utilities Available Electricity Available, Phone Available, WWT - City Sewer, Underground Utilities, Natural Gas Available, Master Meters

Roof Type Asphalt

Total Parking Spaces 26

Building

Story 2

Structure Type Other

Others

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

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Prescott Area Association of Realtors (PAAR MLS)

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Desert Dream Realty

Desert Dream Realty

+1(480) 252-8300

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