Historic Downtown Mixed-Use
For Sale
$939,000
346 S Montezuma St, Prescott, AZ 86303
Commercially zoned historic asset with modern updates and flexible BR zoning in walkable Downtown Prescott.
Property Size3,482 SF
Price / SF$269.67
Days on Market85
Property Features for 346 S Montezuma St
General Information
Standard status
Active
Size
3,482 SF
Property subtype
Multi-Family
Building Details
Year Built
1917
Listing Agency:
Prescott Luxury Realty & Investments
Listed By:
Chadwick W DeVries
Source:
Legacyren
Added: Jul 24
Changed: Oct 2
Last Checked: Oct 15 at 1:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prescott Luxury Realty & Investments
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Wilder House is a historic mixed-use property constructed in 1917 and updated with modern improvements. Its commercially zoned setting and flexible BR zoning support consideration for hospitality, professional office, mixed-use, or flagship business applications as described for the property.
Located in Downtown Prescott at 346 S Montezuma St, the property is positioned within a walkable downtown environment. The asset combines an established historic identity with contemporary updates and a range of potential commercial applications.
Located in Downtown Prescott at 346 S Montezuma St, the property is positioned within a walkable downtown environment. The asset combines an established historic identity with contemporary updates and a range of potential commercial applications.
Key Highlights
- Historic property constructed in 1917
- Commercially zoned mixed‑use asset
- Flexible BR zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,007
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$940,140
$940.1K
Cap Rate 7%
$671,529
$671.5K
Cap Rate 9%
$522,300
$522.3K
Market Conditions
NOI Build-Up for 3,482 SF
Gross rent
$83.6K $24.00/SF
− Vacancy
−$8.4K −$2.40/SF
EGI
$75.2K $21.60/SF
− OpEx
−$28.2K −$8.10/SF
NOI
$47.0K $13.50/SF
Area
Yavapai County, AZ
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$940,140
Cap Rate 7%
$671,529
Cap Rate 9%
$522,300
Alternative Uses
Best Use
Mixed Use
$671.5K
$587.6K – $783.5K
NOI $47,007 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.17M
$1.02M – $1.36M
NOI $81,652 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,215
Businesses Nearby
Explore this area
Business Placement
Demographics for 86303, AZ
18,201
Population
12,255
Households
1.5
Avg Household Size
61
Median Age
41%
College-Educated
96%
High-School Grad
107.2 sq mi
ZIP Area
170
Density / Sq Mi
$68,656
Median Household Income
$44,428
Median Earnings
$1,309
Median Rent
$502,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned historic asset with modern updates and flexible BR zoning in walkable Downtown Prescott.
Where is this mixed-use property located?
The property is located at 346 S Montezuma St Prescott, AZ.
What is the asking price?
The asking price for this property is $939,000.
What are key features of this property?
This property features: Historic property constructed in 1917; Commercially zoned mixed‑use asset; Flexible BR zoning
