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    105 S Cortez St Prescott, AZ 86303

    View on Map
    Sponsored
    For Lease
    $450 /Mo ($1.55 SF/Yr)

    COMMERCIAL - Prescott, AZ

    Type:Office
    Property size:
    224 SF
    Lot size:
    0.08 Acres
    Days on Market:
    31
    Last Refresh:
    Mar 12 at 8:06 pm

    Property Features for 105 S Cortez St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Zoning
    DBT
    Interior features
    Ceiling Fan(s), Elevator(s)
    Accessibility
    Accessible Elevator Installed
    Size
    224 SF
    Lot size
    0.08 Acres

    Utilities

    Utilities
    Electricity Available
    Heating system
    Electric (Heating)
    Cooling system
    Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1963
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Wood
    Building materials
    Frame

    We can help!

    Listing Contact
    Jessica Hualde
    Jessica Hualde

    Superlative Realty

    Listing agent Jessica Hualde (602) 738-2920

    Listing date Feb 9, 2026

    MLS# 1077455

    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.

    Learn more

    Property Insight Report

    Overview

    Downtown Prescott Office Suites Available

    Located in downtown Prescott, Arizona, across from the Yavapai County Courthouse Plaza, this property offers second-floor office suites suitable for professionals. Available suites include Suite 204, offering 185 square feet, and Suite 205, offering 224 square feet. Each suite has a private entrance from the shared hallway and a new HVAC mini-split system for individual temperature control. Rent includes utilities, with tenants responsible for phone and internet. Monthly common area cleaning, twice-yearly HVAC and fire inspections, and access to a shared kitchen and restroom are provided. Street parking and nearby Elks Theatre Parking Lot are available. Rear parking spaces are reserved for gallery employees. Lease terms require a one-year lease, with first and last month's rent plus a one-month damage deposit due upon signing. Tenants are responsible for suite trash removal and can receive mail and display their name on the public and private door. These office suites are suitable for creative professionals, consultants, therapists, or small business owners seeking a quiet space in downtown Prescott, near restaurants, shops, and the courthouse.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lamerson's Jewelry (Bike/Boat/Book/etc) Store 'Tis Art Center ... Art Gallery DeShon Laraye Pullen ... Law Firm Amy Hitt, Prescott ... Real Estate Agency FD Architect Architect

    Suggested Use

    Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Real Estate Agency Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.468317
    Latitude
    34.541556

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    FAQs

    What type of property is this?
    Serviced office - Office suites for lease in downtown Prescott, Arizona.
    Where is this serviced office located?
    The property is located at 105 S Cortez St Prescott, AZ.
    What is the lease rate?
    The lease rate is $1.55 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown Prescott location directly across from the Yavapai County Courthouse Plaza.; - Utilities included in rent (tenant pays only phone/internet).; - Private HVAC mini-split systems in each suite for individual temperature control.
    (602) 738-2920
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    105 S Cortez St Prescott, AZ 86303
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    Prescott, AZ 86303
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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.

    More about this property
    105 S Cortez St Prescott, AZ 86303
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    We can help!
    Listing Contact
    Jessica Hualde
    Jessica Hualde
    Real Estate License ID: BR654759000
    (602) 738-2920 (480) 621-6183
    Learn more
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