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

    658 W Gurley St Prescott, AZ 86305

    Sponsored
    For Sale
    $849,000

    MULTI_FAMILY - Prescott, AZ

    Lot size:
    0.18 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 5 at 3:06 am

    Property Features for 658 W Gurley St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    BG
    Rooms
    Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 3, Bathroom 4, Bathroom 1, Bathroom 5, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 1
    Bedrooms
    6
    APN
    11
    Exterior features
    Balcony
    Lot size
    0.18 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Wall Furnace, Natural Gas
    Cooling system
    Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1914
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Concrete, Vinyl, Wood, Laminate
    Building materials
    Block, Frame
    Roof type
    Rolled Hot Mop, Asphalt

    We can help!

    Listing Contact
    Teresa Lohmeier PLLC

    Above The Best Realty LLC

    Listing agent Teresa Lohmeier PLLC (512) 417-9095

    Listing date Feb 5, 2026

    MLS# 1079302

    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

    Income-Producing Multifamily Property

    This income-producing multi-family property features stable in-place rents and future value-add potential in a central location. The property is zoned Business General and designated historic, potentially offering property tax advantages. It is located 0.6 miles from downtown, providing convenient access to shopping, dining, and services. The main residence, Unit 1, is a 5-bedroom, 3-bath home currently rented at $3,200 per month, utilities included. It features updated windows, original wood flooring, formal living and dining rooms, a dedicated laundry room, and a walk-out basement for storage. Three bedrooms offer private exterior access, allowing flexibility for rental, office, or live/work use. A separate two-story building contains two 1-bedroom, 1-bath apartment units. Unit 3 is rented at $1,400 per month, and Unit 4 is rented at $1,300 per month, both with utilities included. Each unit includes its own living space, kitchen, and private patio, suitable for long-term tenancy. Recent improvements include a newer water heater in Units 3 and 4, a newer wall heater in Unit 4, and recently serviced A/C in the main house. An additional unfinished area of over 1,000 square feet offers potential for future income or expansion. The property is situated on a lot of approximately 0.18 acres. Prior inspections, including general inspection, radon, air quality, and sewer scope, have been completed, and reports are available for buyer review. The property is offered in its current condition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    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
    -112.479023
    Latitude
    34.543127

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    FAQs

    What type of property is this?
    Specialty property - Multifamily property with in-place rents and value-add potential.
    Where is this specialty property located?
    The property is located at 658 W Gurley St Prescott, AZ.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: - Income-producing multi-family property with stable in-place rents.; - Prime central location, just 0.6 miles from downtown with easy access to amenities.; - Zoned Business General and designated historic, potentially offering property tax advantages.
    (512) 417-9095
    Request Owner's contact information
    658 W Gurley St Prescott, AZ 86305
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    Prescott, AZ 86305
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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
    658 W Gurley St Prescott, AZ 86305
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    We can help!
    Listing Contact
    Teresa Lohmeier PLLC
    (512) 417-9095
    Learn more
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