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Property profile & analytics
FOR SALE
Medical Office Space
1005 Division St Prescott, AZ 86301
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-0512016
For Sale
1 / 35
Contact for pricing
1005 Division St, Prescott, AZ 86301
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Construction
STEEL FRAME
Total area
4,210 SF
Lot
0.42 ac (18,295 SF)
APN
116-19-001D
UPID
US07-0512016
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr Feingold’s Physician
-
Women's Medical Care, PC Physician
-
Dr. Adam Feingold Physician
-
Dr. Luis Fernandez Physician
-
Cydney Siggins Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$890k
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.07M
Owner & transaction history
Park Avenue Real Estate LLC · 5 yrs held
Park Avenue Real Estate LLC
since 2021
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+11.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Prescott submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Prescott submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$865,000
ML approach
$890,000
CAP Approach
CAP Return
Estimation
6%
$1,145,000
6.5%
$1,055,000
7%
$980,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$945,000
Current use
OFFICE BUILDING
$1,050,000
Change: +11% · Conversion: Easy
RETAIL STORES
$925,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10% · vs last sale $1.30M (May 21 2021)
Last sale anchor
$1.30M
May 21 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$254 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$6,677
Tax year 2022
Assessed value
$184,121
Assessed 2025
Previous assessed
$203,184
-9.4% YoY
Effective rate
3.63%
On assessed value
Assessed land
$31,236
Assessed improvement
$152,885
Land market value
$173,536
Improvement market value
$849,361
Total market value
$1,022,897
Applied tax rate
120.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
2000
Construction
STEEL FRAME
Heating
OTHER
Cooling
AC.PACKAGE
Stories
1
Total area
4,210 SF
Lot
0.42 ac (18,295 SF)
APN
116-19-001D
UPID
US07-0512016
Jurisdiction
YAVAPAI
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$945,000
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$925,000
MEDICAL BUILDING Current
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Park Avenue Real Estate LLC
Entity
Mailing address
721 CROSSCREEK DR, PRESCOTT, AZ 86303-5030
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2021
$1,284,000
Park Avenue Real Estate LLC
Keviar Family Limited Parnership
Warranty Deed
$812,500 · Pinncacle Bank
Aug 29, 2003
—
Lerner LLC
—
Deed Of Trust
related
$1,405,000 · M & I Marshall & Isley Bank
Jan 3, 2000
$125,000
Feingold Medical Properties Ll
Weber,john B
Grant Deed
related
—
—
—
Kevlar Family LP
—
Deed Of Trust
related
$552,000 · Alliance Bank Of Arizona
—
—
Feincold Medical Properties Lc
—
Deed Of Trust
related
$499,000 · Founders Bank Of Arizona
—
—
Kevlar Family LP
—
Deed Of Trust
related
$575,000 · Summit Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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