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    The Largest CRE Database in the US with Over 1 Million Listings

    505 E Z St Prescott, AZ 86301

    Sponsored
    For Sale
    Under Contract
    $1,340,000

    COMMERCIAL - Prescott, AZ

    Lot size:
    0.64 Acres
    Days on Market:
    17
    Last Refresh:
    Jan 23 at 5:06 am

    Property Features for 505 E Z St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    IL
    Parking
    18
    Exterior features
    Handicap Access, Storage
    Accessibility
    Accessible Approach with Ramp
    Lot size
    0.64 Acres

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Zoned, Natural Gas
    Cooling system
    Evaporative Cooling, Central Air
    Water source
    Public

    Building Details

    Year built
    1985
    Number of units
    3
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Geoffrey Hyland

    eXp Realty- Prescott (602) 809-8853

    Listing agent Geoffrey Hyland (928) 237-4425

    Listing date Jan 7, 2026

    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

    Prescott Light Industrial Opportunity Zone

    This versatile light industrial property is situated in the established 6th Street/EZ Street industrial district of central Prescott, within an Opportunity Zone. The property includes two buildings totaling approximately 8,400 square feet on a 0.64-acre lot. The asphalt-paved lot provides 18 parking spaces, including handicap access. The newer 6,400-square-foot metal building features a wide-open shop/warehouse layout, three 14-foot overhead doors, 3-phase power, and three subpanels for future improvements or multiple units. It is equipped with fire sprinklers and two restrooms with showers, making it suitable for contractors, service providers, warehouse operations, and light industrial users. The 2,000-square-foot rear building has two overhead doors, a split layout, a restroom, an office area, and storage mezzanines for added utility. The IL zoning supports a wide range of commercial and industrial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    American Warehouse, Arizona Street Mini Storage, Summit Storage, Miller Valley Mini Storage, Summit Mini Storage

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.462683
    Latitude
    34.549945

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    FAQs

    What type of property is this?
    Warehouse - Versatile industrial property in central Prescott's established industrial district.
    Where is this warehouse located?
    The property is located at 505 E Z St Prescott, AZ.
    What is the asking price?
    The asking price for this property is $1,340,000.
    What are key features of this property?
    This property features: - Located in an Opportunity Zone in Prescott's established industrial district.; - Two buildings totaling approximately 8,400 SF on 0.64 acres with paved parking.; - Newer 6,400 SF metal building with three 14-foot overhead doors, 3-phase power, and fire sprinklers.
    (928) 237-4425
    Request Owner's contact information
    505 E Z St Prescott, AZ 86301
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    Prescott, AZ 86301
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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
    505 E Z St Prescott, AZ 86301
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    We can help!
    Listing Contact
    Geoffrey Hyland
    Real Estate License ID: SA561564000
    (928) 237-4425
    Learn more
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