Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2899 Venture Dr Prescott, AZ 86301

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $159,000

    Prescott RV Condo - Move-in Ready

    Property Features for 2899 Venture Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    871 SF

    Building Details

    Year Built
    2020

    We can help!

    Listing Contact
    Jami Grant

    Listing Agency: PRO-formance Realty Concepts Listing Agent: Jami Grant

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional end unit RV condominium is located within the prestigious Luxtor 5-Star Luxury RV Condominiums in Prescott, Arizona. Priced at $159,000, this meticulously maintained unit offers a wealth of desirable features. The property boasts an impressive array of upgrades, including durable epoxy flooring throughout, ensuring easy maintenance and a clean aesthetic. Convenience is paramount with the inclusion of a powered, remote-controlled roll-up door, simplifying access to your RV. Safety is a top priority, as evidenced by the installation of fire suppression sprinklers throughout the unit, providing peace of mind for owners and their valuable possessions. Situated on a 0.02-acre lot, this unit offers a manageable and low-maintenance lifestyle. The unit's end location provides added privacy and potentially enhanced views, depending on the specific orientation. This is a truly turnkey opportunity to own a luxurious and well-appointed RV condominium in a highly sought-after community. The location offers easy access to Prescott's amenities and attractions, making it an ideal choice for both full-time residents and those seeking a convenient vacation getaway. Don't miss this chance to own a piece of luxury in the heart of Prescott.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    LUXTOR 5-Star Luxury ... Auto Repair Shop

    Suggested Use

    Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Department Store Accounting Firm Garden Center Storage Facility Cafe & Coffee Shop Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.4123
    Latitude
    34.63036

    Nearby Similar for Sale

    • $650,000
      Pending

      High-Traffic Prescott Commercial Building

      Versatile commercial building on a high-traffic corridor in Prescott.
      625 Miller Valley Rd, Prescott, AZ 86301
      View Details
    • $475,000
      1,361 SF

      Professional Office Building Near Hospital

      Well-maintained office building suitable for healthcare providers or investment.
      143 E Merritt St, Prescott, AZ 86301
      View Details
    • New
      $3,200,000
      1.77 Acres

      Modern Prescott Office/Industrial Facility

      Modern office/industrial building with exceptional access and functionality in Prescott, Arizona.
      2220 Taxi Way, Prescott, AZ 86301
      View Details
    • $849,900
      2,858 SF

      Medical Office Building For Sale

      2,858 sqft medical office near hospital and high school.
      1011 Ruth St, Prescott, AZ 86301
      View Details
    • $599,478
      0.20 Acres

      Downtown Prescott Commercial Opportunity

      Versatile commercial space in downtown Prescott, suitable for various businesses.
      112 N Summit Ave, Prescott, AZ 86301
      View Details
    • Sponsored
      $849,500
      2,863 SF

      Health and Healing Center

      Rare Opportunity for Exceptional Location Zoned For Commercial and/or Residential
      1237 N Rhinestone Dr, Prescott, AZ 86301
      View Details
    • $2,500,000

      Medical Office Building For Sale

      Medical office building near hospital with exam rooms and parking.
      1100 Gail Gardner Way, Prescott, AZ 86305
      View Details
    • New
      $439,990
      0.07 Acres

      Downtown Prescott Duplex For Sale

      Charming duplex near Courthouse Plaza and Whiskey Row.
      116 E Leroux St, Prescott, AZ 86303
      View Details
    • $339,000
      0.17 Acres

      Prescott Multifamily Investment Opportunity

      Two residences on one parcel near Downtown Prescott.
      815 Dameron Dr, Prescott, AZ 86301
      View Details
    • New
      $365,000
      2.67 Acres

      Equestrian Lot in American Ranch

      2.67-acre lot in a premier equestrian resort.
      8905 N Callahan Rd, Prescott, AZ 86305
      View Details
    • $850,000
      Pending

      Prescott Multifamily Investment Opportunity

      Multifamily property near downtown Prescott's shopping and dining.
      331 N Mount Vernon Ave, Prescott, AZ 86301
      View Details
    • $295,000
      0.21 Acres

      Renovated Retail Space in Prescott

      Prime retail space in downtown Prescott, currently operating as The Edison Market.
      447 S Montezuma St, Prescott, AZ 86303
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prescott RV Condo - Move-in Ready
    Where is this commercial real estate located?
    The property is located at 2899 Venture Dr Prescott, AZ.
    What is the asking price?
    The asking price for this property is $159,000.
    (602) 938-8668
    Request Owner's contact information
    2899 Venture Dr Prescott, AZ 86301
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2899 Venture Dr
    Prescott, AZ 86301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2899 Venture Dr Prescott, AZ 86301
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jami Grant
    (602) 938-8668 (623) 537-1502
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!