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    143 N Mccormick St Prescott, AZ 86301

    For Sale
    $1,800,000

    SINGLE_FAMILY - Prescott, AZ

    Type:Office
    Lot size:
    0.22 Acres
    Days on Market:
    61
    Last Refresh:
    Dec 7 at 8:06 pm

    Property Features for 143 N Mccormick St

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    Security features
    Security Lighting
    Zoning
    DTB
    Rooms
    Kitchen
    Parking
    24
    Parking features
    On Street
    Interior features
    Ceiling Fan(s), Fire/Smoke Detector
    Exterior features
    Handicap Access
    Accessibility
    Accessible Approach with Ramp
    Lot size
    0.22 Acres

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Natural Gas, Electric (Heating), Zoned
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1986
    Floors in Building
    2
    Number of units
    9
    Flooring type
    Tile, Concrete, Carpet
    Building materials
    Block/Brick
    Roof type
    Asphalt

    Arizona Commercial LLC

    Listing agent Matthew Fish (480) 309-1089

    Listing date Oct 8, 2025

    Copyright © 2025 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.

    Overview

    Prescott Office Condo Opportunity

    Located just off Downtown Prescott, this property features a 9-unit office condo building situated near Granite Creek. The mature landscaping provides shade and an inviting atmosphere. The property benefits from a walkable location and currently houses a mix of professional and medical tenants. This property presents multiple investment opportunities. The nine individually metered condo units can be renovated and resold as owner-user units. Alternatively, rents can be adjusted to market rates, and the entire property can be sold based on its capitalization rate. Re-letting the spaces at an estimated $20 per square foot annually, net of expenses, could yield a net operating income of $198,620.00. At a 7.0% capitalization rate, this equates to an income approach value of $2,837,428.57. Renovating the individual condos and selling them at a gross sales price of $300 per square foot would result in a gross sales price of $2.98 million for the entire complex. The property requires repair, renovation, and updating.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tracy Schrunk Counselor A Lynn Heitzman PhD Psychologist Permar Physical Therapy Physical Therapist Soulstice Bowenwork Health Consultant Awake For Life, LLC Counselor

    Suggested Use

    Restaurant Law Firm Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.472376
    Latitude
    34.543395

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    FAQs

    What type of property is this?
    Office building - Nine-unit office condo near downtown Prescott with investment potential.
    Where is this office building located?
    The property is located at 143 N Mccormick St Prescott, AZ.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - High Income Potential: Re-letting at $20 PSF NNN could yield a $198,620 net operating income.; - Investment Flexibility: Option to fix and resell as individual units or improve rents and sell based on cap rate.; - Prime Location: Just off Downtown Prescott, offering a highly walkable location.
    (480) 309-1089
    Request Owner's contact information
    143 N Mccormick St Prescott, AZ 86301
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    Realmo Value Estimation

    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.

    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.

    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
    143 N Mccormick St Prescott, AZ 86301
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