Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Private Office in Prescott, AZ Title is generated by Realmo AI

    637 W Hillside C3 Avenue, Prescott, AZ 86301

    View on Map
    Claim this Listing
    For Lease
    $500 /Mo

    COMMERCIAL - Prescott, AZ

    Type:Office
    Lot size:
    0.29 Acres
    Added:
    May 15, 2026
    Days on Market:
    8
    Last Refresh:
    May 22 at 6:06 am

    Property Features for 637 W Hillside C3 Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    BR
    Parking
    15
    Parking features
    On Street
    Security features
    Security Lighting
    Exterior features
    Handicap Access
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    DAMERON TR BLK #12 AN IRREG PCL PTN BLK #12 NW COR APPROX 135'W F ROM NE COR BLK #12 SEC 33-14-2W 3781/910
    Tax Annual Amount
    3804

    Utilities

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

    Building Details

    Year built
    1981
    Floors in Building
    1
    Number of units
    15
    Flooring type
    Tile, Vinyl
    Building materials
    Block, Frame, Stucco
    Roof type
    Metal, Rolled Hot Mop

    We can help!

    Listing Contact
    Sharon Mortensen

    Listing agent Sharon Mortensen License #BR656001000

    Listing office Mile High Real Estate 669 S Rancho Vista Dr, Phoenix, AZ

    Listing date May 15, 2026

    MLS# 1082042

    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.

    Overview

    Located in Prescott, Arizona, this commercial space, designated as C3, is a private office situated just off the lobby. A sliding window provides convenient access to the lobby area. The rental rate of $500 per month includes utilities and WiFi, with an additional 2.95% rental tax, totaling $515 per month. Shared restroom facilities are available. The property is zoned BR and is located on a lot of 0.29 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.477413
    Latitude
    34.55292

    Nearby Similar for Lease

    • $21 SF/Yr
      1,647 SF

      Prescott Medical/Professional Office Space

      Premium office space in The Crossings commercial subdivision.
      3625 Crossings Dr. Suite B, Prescott, AZ 86305
      View Details
    • $27 SF/Yr
      600 SF

      Prescott Office Space For Lease

      Professional/Medical office space available in Prescott, full service lease.
      1575 Plaza West Dr., Suite B, Prescott, AZ 86303
      View Details
    • $20 SF/Yr
      1,144 SF

      Professional Medical/Office Space For Lease

      Commercial suite available for lease near Dignity Health YRMC.
      1670 Willow Creek Road, Suite A, Prescott, AZ 86301
      View Details
    • $26 SF/Yr
      2,300 SF

      Downtown Prescott Office Suite

      Professional office suite in downtown Prescott available for lease.
      325 W Gurley St., Ste. 105, Prescott, AZ 86301
      View Details
    • $20 SF/Yr
      324 SF

      Private Office Suite Near Downtown

      Office space near downtown Prescott with shared amenities.
      201 N Alarcon Street, Prescott, AZ 86301
      View Details
    • $15 SF/Yr
      4,421 SF

      Downtown Prescott Commercial Suite

      Exceptional commercial suite in the heart of Downtown Prescott.
      127 N Cortez Street, Prescott, AZ 86301
      View Details
    • $18 SF/Yr
      1,200 SF

      Retail Suite on Gurley Street

      Renovated retail space with high visibility and ample parking.
      512 W Gurley Street, Prescott, AZ 86301
      View Details
    • $15 SF/Yr
      4,800 SF

      Versatile Commercial Space in Prescott

      Adaptable commercial space suitable for office, retail, or fitness.
      301 Whipple Street, Prescott, AZ 86301
      View Details
    • $12 SF/Yr
      3,662 SF

      Flex Space with Warehouse and Office

      Flex space featuring warehouse and office areas for lease.
      6724 Corsair Avenue, Prescott, AZ 86301
      View Details
    • $20 SF/Yr
      2,070 SF

      Professional Office Building For Lease

      Medical or professional office building for lease in Prescott, AZ.
      1620 Willow Creek Road, Prescott, AZ 86301
      View Details
    • $20 SF/Yr
      1,647 SF

      Prescott Medical/Professional Office Space

      Premium office suites for lease in Prescott's 'The Crossings'.
      3625 Crossings Dr. Suites B & C, Prescott, AZ 86305
      View Details
    • $15 SF/Yr
      2,750 SF

      Office Space in Prescott Airpark

      Professional office space in Prescott Airpark business corridor.
      6752 Inter Cal Way Suite 202, Prescott, AZ 86301
      View Details

    FAQs

    What type of property is this?
    Office units - Private office space available for rent in Prescott, Arizona.
    Where is this office units located?
    The property is located at 637 W Hillside C3 Avenue Prescott, AZ.
    What is the lease rate?
    The lease rate is $500 /Mo.
    (928) 642-7984
    We can help!
    Listing Contact
    Sharon Mortensen
    Real Estate License ID: BR656001000
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    637 W Hillside C3 Avenue, Prescott, AZ 86301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!