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    Charming Office Near Downtown Prescott Title is generated by Realmo AI

    100 E Sheldon Suite 106 Street, Prescott, AZ 86301

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    For Lease
    $20 SF/Yr $683/Mo (calc)

    COMMERCIAL - Prescott, AZ

    Type:Office
    Property size:
    410 SF
    Lot size:
    3.06 Acres
    Added:
    Apr 9, 2026
    Days on Market:
    54
    Last Refresh:
    Jun 1 at 2:06 pm

    Property Features for 100 E Sheldon Suite 106 Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    DTB
    Parking
    12
    Interior features
    Ceiling Fan(s)
    Standard status
    Active
    Size
    410 SF
    Lot size
    3.06 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PRESCOTT DEPOT MARKETPLACE LOT 6
    Tax Annual Amount
    32270

    Utilities

    Utilities
    Electricity Available
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1966
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Frame, Stucco
    Roof type
    Tile

    We can help!

    Listing Contact
    Denise Raney
    Denise Raney

    Listing agent Denise Raney License #SA567345000

    Listing office Arizona Commercial 122 N. Cortez St. Suite #300, Phoenix, AZ

    Listing date Apr 9, 2026

    MLS# 1081037

    Copyright © 2026 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Location: Steps from historic downtown Prescott with easy access to dining, shops, and city amenities.
    • Unique Character: Converted historic train station with character details.
    • Functional Layout: Includes one private office and one conference room.
    • Ample Parking: Plenty of on‑site and nearby parking for staff and visitors.
    • Ideal for Professionals: Suitable for small professional services, legal, consulting, startups, or satellite office.
    • Move‑In Ready: Internet ready with private entry and secure locks.

    Overview

    This charming 410 sq ft office space is located near historic downtown Prescott in Depot Marketplace. The space features one private office and one conference room. Situated steps from downtown Prescott, it offers convenient access to dining, shops, and city amenities. The property is a converted historic train station with character details. On-site and nearby parking is available for staff and visitors. It is ideal for small professional services, legal firms, consulting businesses, startups, or satellite offices. The space is internet ready and includes a private entry and secure locks, with accessible restrooms located nearby. The property is located on a 3.06-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.468756
    Latitude
    34.545325

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    FAQs

    What type of property is this?
    Office units - 410 sq ft office space near historic downtown Prescott.
    Where is this office units located?
    The property is located at 100 E Sheldon Suite 106 Street Prescott, AZ.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Prime Location: Steps from historic downtown Prescott with easy access to dining, shops, and city amenities.; Unique Character: Converted historic train station with character details.; Functional Layout: Includes one private office and one conference room.
    (928) 710-2094
    We can help!
    Listing Contact
    Denise Raney
    Denise Raney
    Real Estate License ID: SA567345000
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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