420 Miller Valley Road, Prescott, AZ 86301 - Photo 1

1/1

$3,200,000

Sold
Closed
Industrial

1/1

Property Description

Compelling investment opportunity featuring a long-standing tenant with a lease in place through March 2029 plus an option period. The +/-13,200 SF building sits on +/-1.6 acres along Miller Valley Road with convenient access to downtown Prescott. Current NOI is $201,000 with heavy escalators through the remaining initial term, increasing to a projected NOI of $218,520 beginning March 2026. As it sits at a 6.44 CAP rate which will increase to 7.00 CAP in March of 2026. Tenant pays Landlords taxes and insurance while maintaining this efficient operation and property.

Full Property Details

Full Property Details for 420 Miller Valley Rd

General

Sold For: $3,200,000
Taxes: $2,437 (2025)
Status: Closed
Type: Industrial
Source: PAAR_Prescott_MLS
MLS ID: 1078229
Added to Site: 74 day(s) ago

Interior

Interior Features: Mezzanine, Security/Alarm
Flooring: Concrete

Additional Information

Security/Safety: Security Lights, Security System

Exterior

Exterior Features: Fence, Handicap Access, Storage

Parking

Parking Features: Paved, On Site, Storage, On Street, Trailer

Location

County: Yavapai
Driving Directions: Located along Miller Valley Road with convenient near to downtown Prescott, this location offers a nearby light industrial and automotive uses, surrounded by retail user along the developing Miller Valley corridor.

Community

Management Type: Owner

Heating & Cooling

Cooling Type: Central Air Conditioning, Evaporative Cooling, Ductless Mini-Split
Heating Type: Natural Gas

Utilities

Water: Public
Onsite: ThreePhase, Electricity Available, Individual Meter, Natural Gas Available, Phone Available, Underground Utilities, WWT - City Sewer

Structural Information

# Buildings: 3
Construction: Steel Frame
Roof: Metal
Stories/Levels: 2
Building Size: 13200
Square Feet: 13,200
Current Bldg. Use: Investment
Year Built: 1971

Lot Features

Lot Size (Acres): 1.6
Lot Size (Sq. Ft.): 69,696
Lot Size Source: Owner
Access Info: City
Lot Features: Landscaped, Sprinklers In Front
Zoning: IL / MF-H

Financial Considerations

Tax Amount: $2,437
Tax Year: 2025
Terms: 1031 Exchange, Cash, Conventional

Disclosures and Reports

Multiple Parcels: Yes
Legal Description: MURPHY'S FIFTH SUB BLOCK 6 REPLAT LOTS 1-6 & PORTION OF LOT 7 PER MAP 2022-0017967. LOT 1R
APN: 113-10-001a

Listed by Arizona Commercial
Sold by Arizona Commercial

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— 420 Miller Valley Rd —

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Schools

Schools serving 420 Miller Valley Rd

School District:Prescott Unified District

Name	Grades	Distance
Lincoln Elementary School, Prescott, AZ 201 Park Avenue, Prescott, AZ 86303	K-4	0.5 mi
Granite Mountain Middle School 1800 North Williamson Valley Road, Prescott, AZ 86305	5-6	3 mi
Prescott Mile High Middle School 300 South Granite Street, Prescott, AZ 86303	7-8	0.8 mi
Prescott High School 1050 Ruth Street, Prescott, AZ 86301	9-12	1 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 420 Miller Valley Rd

Date

Details

Price

Change

Source

1/29/2026

Sold

$3,200,000

2.56%

MLS

12/09/2025

Listed

$3,120,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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420 Miller Valley Road, Prescott, AZ 86301 (MLS# 1078229) is a Industrial property that was sold at $3,200,000 on January 29, 2026. Want to learn more about 420 Miller Valley Road? Do you have questions about finding other Industrial real estate for sale in Prescott? You can browse all Prescott real estate or contact a Coldwell Banker agent to request more information.

420 Miller Valley Rd Prescott, AZ 86301