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    3250 Gateway Blvd - Food Court Prescott, AZ 86303

    View on Map
    For Lease
    $18 SF/Yr

    COMMERCIAL - Prescott, AZ

    Property size:
    710 SF
    Lot size:
    35.56 Acres
    Added:
    Aug 14, 2023
    Days on Market:
    966
    Last Refresh:
    Apr 5 at 6:06 am

    Property Features for 3250 Gateway Blvd - Food Court

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    BR
    Parking
    3000
    Security features
    Security Lighting, Security
    Interior features
    Fire/Smoke Detector, Security/Alarm
    Exterior features
    Drip System, Handicap Access
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Size
    710 SF
    Lot size
    35.56 Acres

    Taxes and HOA fees

    Tax Description
    AN IRREGULAR PARCEL LYING IN THE SW4, NORTH PARCEL CORNER APPROX 145 FT SOUTH & 1316 FT EAST OF THE W4 CORNER OF SECTION

    Utilities

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

    Building Details

    Year built
    2001
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet, Tile, Laminate
    Building materials
    Block, Steel Frame, Stucco, Vanilla Shell
    Roof type
    Membrane, Asphalt

    We can help!

    Listing Contact
    Matthew Fish

    Listing agent Matthew Fish

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

    Listing date Aug 14, 2023

    MLS# 1058459

    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.

    Overview

    Retail Space in Regional Center

    Located in Prescott, Arizona, Pine Ridge Marketplace is a regional shopping center constructed in 2001. The property features both an indoor traditional mall and an open-air outdoor lifestyle center. The indoor space, under an exposed beam ceiling, contains approximately 133,000 square feet and 67 suites, including six suites that form an open food court. Available food court spaces measure 542, 611, and 710 square feet. The outdoor lifestyle center includes 29 suites occupying approximately 192,000 square feet. The property's tenants include national, regional, and independent businesses such as Dillards, Michaels, Mattress Firm, JCPenny, Famous Footwear, Chico's, Bath & Body Works, Espire Sports, and Spencer's. The property is zoned BR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.409188
    Latitude
    34.547279

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    FAQs

    What type of property is this?
    Retail space - Food court spaces available in a modern shopping center.
    Where is this retail space located?
    The property is located at 3250 Gateway Blvd - Food Court Prescott, AZ.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Food court spaces available in a modern, multifaceted regional shopping center.; High foot traffic location within Pine Ridge Marketplace, a large shopping center with both indoor and outdoor sections.; Established shopping center built in 2001 with a mix of national, regional, and independent tenants.
    (480) 309-1089
    We can help!
    Listing Contact
    Matthew Fish
    Learn More
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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
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