Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3144 Gateway Blvd Prescott, AZ 86303
    Back to Search
    Property profile & analytics

    3144 Gateway Blvd, Prescott, AZ 86303

    View on Map
    • 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

    based on Realmo’s proprietary methodology

    • AI approach

    • 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
      221.11 Acres

      Senator Hwy

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

      723 Lee Blvd

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

      1300 White Spar Rd

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

      3156 Gateway Blvd

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

      Ranch Dr

      Farms
      0 Ranch Dr, Prescott, AZ 86303
      View Details
    • Value Estimation by Request
      7,736 SF

      525 Gurley St

      Multifamily properties
      525 Gurley St, Prescott, AZ 86303
      View Details

    Similar Nearby for Sale

    • $279,000
      2.18 Acres

      Land with Utilities in Prescott

      2.18 acre lot with water and electricity ready for building.
      7359 S Preserve Way, Prescott, AZ 86303
      View Details
    • $33,888

      Land For Sale Prescott, AZ

      Land available for purchase in Prescott, Arizona.
      631 W Lee Blvd, Prescott, AZ 86303
      View Details
    • $89,900
      9,148 SF

      Land For Sale Prescott, AZ

      Land available for sale in Prescott, Arizona.
      205 Newport Dr, Prescott, AZ 86303
      View Details
    • $65,000
      4.61 Acres

      Secluded Land Parcel in Prescott

      4.61-acre parcel for a private retreat bordering National Forest.
      3045n W Frst Service Rd 73, Prescott, AZ 86303
      View Details
    • $158,700

      Land Available in Prescott, Arizona

      Land for sale in Yavapai County, Prescott, Arizona.
      1895 Greyhawk Point Dr, Prescott, AZ 86303
      View Details
    • $39,400

      Land For Sale, Prescott, AZ

      Land available in Yavapai County, Prescott, Arizona.
      881 Alpha Ln, Prescott, AZ 86303
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Regional Center

      Retail space available within a multifaceted regional shopping center.
      3250 Gateway Blvd, Prescott, AZ 86303
      View Details
    • Contact for pricing

      Retail Space in Regional Center

      940 SF retail space in modern shopping center.
      3250 Gateway Blvd, Prescott, AZ 86303
      View Details
    • $18 SF/Yr
      Pending

      Retail and Office Space Prescott

      Commercial space near Courthouse Square with frontage and parking.
      330 S Montezuma St, Prescott, AZ 86303
      View Details
    • $16 SF/Yr
      8,276 SF

      Commercial Office Space in Prescott

      Office space with high visibility and easy access.
      223 White Spar Rd, Prescott, AZ 86303
      View Details
    • Contact for pricing
      7,405 SF

      Customizable Commercial Space Downtown Prescott

      Flexible leasing opportunity in a prime downtown location.
      212 W Goodwin St, Prescott, AZ 86303
      View Details
    • Contact for pricing
      1,379 SF

      Retail Space in Shopping Center

      Retail space with excellent visibility on Highway 69.
      252-254 N Lee Blvd, 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.

    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
    3144 Gateway Blvd, Prescott, AZ, 86303
    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!