Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    3144 Gateway Blvd Prescott, AZ 86303

    • Land
    • 2.91 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3144 Gateway Blvd

    Lot size
    2.91 lot acres
    Property type
    Land

    Description

    This exceptional 2.91-acre parcel in Prescott, Arizona, presents a prime opportunity for residential development. Located at 3144 & 3188 Gateway Boulevard, Prescott, AZ 86303 (zip code 86303), this fully zoned and entitled land is ready for immediate construction of a 25-unit single-family housing project. All necessary approvals are in place, eliminating lengthy permitting processes and allowing developers to begin construction without delay. The property's convenient location offers unparalleled access to the Prescott Gateway Mall, providing a unique "live and work" lifestyle opportunity for future residents. Enjoy breathtaking western views from this desirable location. The site's 2.91 acres provide ample space for the planned 25-unit development, ensuring comfortable lot sizes and potentially maximizing return on investment. This is an exceptional investment opportunity for developers or investors seeking a turnkey project with immediate construction potential. The property's strategic location and fully approved status make it an attractive proposition for those seeking a quick path to market. Don't miss this chance to capitalize on the thriving Prescott real estate market. Contact us today to learn more about this exceptional development opportunity.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.411
    Latitude
    34.5496

    Comparable in this City

    • Value Estimation by Request
      0.76 Acres

      723 Lee Blvd

      Land • 0.76 Acres
      723 Lee Blvd, Prescott, AZ 86303
      View Details
    • Value Estimation by Request
      5.29 Acres

      1300 White Spar Rd

      Land • 5.29 Acres
      1300 White Spar Rd, Prescott, AZ 86303
      View Details
    • Value Estimation by Request
      221.11 Acres

      Senator Hwy

      Land • 221.11 Acres
      0 Senator Hwy, Prescott, AZ 86303
      View Details
    • Value Estimation by Request
      1.76 Acres

      3156 Gateway Blvd

      Land • 1.76 Acres
      3156 Gateway Blvd, Prescott, AZ 86303
      View Details
    • Value Estimation by Request
      6,736.00 Acres

      Ranch Dr

      Farms • 6,736.00 Acres
      0 Ranch Dr, Prescott, AZ 86303
      View Details
    • Value Estimation by Request
      3.31 Acres

      402 Overland Rd

      MOBILE HOME PARK, TRAILER PARK • 3.31 Acres
      402 Overland Rd, Prescott, AZ 86303-5822
      View Details

    Similar Nearby for Sale

    • $85,000
      0.76 Acres

      Prescott Land: Mountain Views & Privacy

      Secluded 0.76-acre lot, stunning views.
      723 Lee Blvd, Prescott, AZ 86303
      View Details
    • $229,000
      0.41 Acres

      Golf Course Lot with Views

      Premier lot in Hassayampa Village with golf course and mountain views.
      523 Lodge Trail Cir, Prescott, AZ 86303
      View Details
    • $125,000
      2.00 Acres

      Land with Mountain Views

      Two-acre lot with privacy and views backing national forest.
      720x E Cayuga Dr, Prescott, AZ 86303
      View Details
    • $219,000
      11.50 Acres

      Prescott Land with Forest Border

      11.5 acres near Prescott National Forest with financing available.
      E Bald Mountain Rd, Prescott, AZ 86303
      View Details
    • $379,000
      0.17 Acres

      Prescott Land Near Historic District

      High-density multifamily land near Whiskey Row and Courthouse Plaza.
      346 S Marina St, Prescott, AZ 86303
      View Details
    • $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

    Similar Nearby for Lease

    • $2,600 /Mo

      Luxury Condominium in Gated Community

      Luxury condominium with lease-to-own option in a gated community.
      1716 Alpine Meadows Ln, Prescott, AZ 86303
      View Details
    • $12 SF/Yr
      1,548,993 SF

      Prescott Retail Center Investment

      Prime AZ Shopping Center, 25 Suites
      3250 Gateway Blvd, Prescott, AZ 86303
      View Details
    • $24 SF/Yr
      30,492 SF

      Commercial Space Near Downtown Prescott

      Two commercial spaces for lease near downtown Prescott, Arizona.
      334 S Montezuma St, Prescott, AZ 86303
      View Details
    • $12 SF/Yr
      1,548,994 SF

      Regional Shopping Center Suite

      Modern shopping center suite available for lease.
      3250 Gateway Blvd, Prescott, AZ 86303
      View Details
    • $21 SF/Yr
      30,492 SF

      Commercial Spaces in Prescott, Arizona

      Two commercial spaces for lease near downtown Prescott.
      334 S Montezuma St, Prescott, AZ 86303
      View Details
    • $3,000 /Mo
      3,049 SF

      Turn-Key Commercial Space in Prescott

      Versatile commercial space near downtown Prescott, ready for immediate use.
      115 S Alto St, Prescott, AZ 86303
      View Details
    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.
    3144 Gateway Blvd
    Prescott, AZ 86303
    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.