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    Downtown Prescott Commercial Space Available Title is generated by Realmo AI

    530 S Montezuma C Street, Prescott, AZ 86303

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    Claim this Listing
    For Lease
    $1,500 /Mo

    COMMERCIAL - Prescott, AZ

    Type:Retail
    Lot size:
    0.41 Acres
    Added:
    Jul 25, 2025
    Days on Market:
    289
    Last Refresh:
    May 9 at 5:06 am

    Property Features for 530 S Montezuma C Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Zoning
    BR
    Parking
    15
    Security features
    Security Lighting
    Standard status
    Active
    Lot size
    0.41 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    PRESCOTT ORIGINAL TOWNSITE PER MAP 4/22, A SMALL SLIVER PORTION O F LOT 13 LYING IN THE SE CORNER THEREOF; LOT 15 EXCEPT A SMALL SL IVER PORTION LYING IN THE NW CORNER THEREOF ALONG N LOT LINE, LOT 17, AND APPROX N 16 FEET OF LOT 19 ALL IN BLOCK 37 CONTAIN 0.41 ACRES
    Tax Annual Amount
    3665

    Utilities

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

    Building Details

    Year built
    1972
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Vinyl, Carpet
    Building materials
    Block, Frame
    Roof type
    Rolled Hot Mop

    We can help!

    Listing Contact
    Ben Scott Armstrong
    Ben Scott Armstrong

    Listing agent Ben Scott Armstrong License #SA028924000

    Listing office Berkshire Hathaway HomeService AZ Properties 172 E. Sheldon, AZ

    Listing date Jul 25, 2025

    MLS# 1075179

    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

    • Premier Downtown Prescott Location: Steps from Whiskey Row and Montezuma Street.
    • Rare Amenity: Includes 15 Designated Parking Spaces.
    • Versatile 1,000 sq ft Commercial Space: Suitable for retail, office, studio, or hospitality.
    • Existing Bar Setup: Features a spacious great room with a bar.
    • Functional Layout: Includes two unisex restrooms, a separate office, and exterior storage.
    • Desirable Commercial Area: A must‑see space in a prime location.

    Overview

    This commercial space, located in downtown Prescott, offers approximately 1,000 sq ft of space near historic Montezuma Street. Previously used as a social club, the versatile space features a spacious great room with a bar setup, two unisex restrooms, a separate office, and an exterior storage area. The property includes 15 paved, designated parking spaces. The location is suitable for a variety of uses including retail, office, studio, or hospitality. The owner prefers a minimum 3-year lease. The lot size is 0.41 acres. The zoning is BR.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.4711
    Latitude
    34.530637

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    FAQs

    What type of property is this?
    Retail space - Prime commercial space near historic Montezuma Street with parking.
    Where is this retail space located?
    The property is located at 530 S Montezuma C Street Prescott, AZ.
    What is the lease rate?
    The lease rate is $1,500 /Mo.
    What are key features of this property?
    This property features: Premier Downtown Prescott Location: Steps from Whiskey Row and Montezuma Street.; Rare Amenity: Includes 15 Designated Parking Spaces.; Versatile 1,000 sq ft Commercial Space: Suitable for retail, office, studio, or hospitality.
    (602) 400-6220
    We can help!
    Listing Contact
    Ben Scott Armstrong
    Ben Scott Armstrong
    Real Estate License ID: SA028924000
    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.

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