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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Investment properties
105 Cortez St Prescott, AZ 86303-4703
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US07-2409254
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1963
Construction
CONCRETE
Total area
5,297 SF
Lot
0.08 ac (3,485 SF)
APN
109-01-021A
UPID
US07-2409254
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
-
Lamerson's Jewelry (Bike/Boat/Book/etc) Store
-
'Tis Art Center and Gallery Art Gallery
-
DeShon Laraye Pullen PLC Law Firm Child Welfare Organization
-
Amy Hitt, Prescott Real Estate Agent Real Estate Agency
-
FD Architect Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.19M
Owner & transaction history
It Is INC · 15 yrs held
It Is INC
since 2010
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+94.2%
Retail stores
$1.3M
+45.2%
Medical building
$1.2M
+31.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,190,000
6.5%
$1,100,000
7%
$1,020,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$905,000
Current use
RESTAURANT
$1,755,000
Change: +94% · Conversion: Difficult
RETAIL STORES
$1,310,000
Change: +45% · Conversion: Easy
MEDICAL BUILDING
$1,190,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$915,000
Change: +1% · Conversion: Easy
AUTO REPAIR, GARAGE
$895,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±10%
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
$224 / 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
$5,848
Tax year 2022
Assessed value
$295,499
Assessed 2025
Previous assessed
$324,087
-8.8% YoY
Effective rate
1.98%
On assessed value
Assessed land
$21,869
Assessed improvement
$273,630
Land market value
$121,494
Improvement market value
$1,520,166
Total market value
$1,641,660
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1963
Construction
CONCRETE
Heating
OTHER
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Total area
5,297 SF
Lot
0.08 ac (3,485 SF)
APN
109-01-021A
UPID
US07-2409254
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
COMMERCIAL (GENERAL) Current
Est. value
$905,000
RESTAURANT
Est. value
$1.8M
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$915,000
AUTO REPAIR, GARAGE
Est. value
$895,000
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1963
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
2
Buildings
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
It Is INC
Entity
Mailing address
105 S CORTEZ ST, PRESCOTT, AZ 86303-4703
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2010
—
It Is INC
Tis Holding Co LLC
Grant Deed
related
—
Sep 6, 2007
$2,050,000
Tis Holding Co LLC
Goldstone Dev LLC
Grant Deed
related
—
Jul 11, 2007
—
—
—
Deed Of Trust
related
$980,000 · Consolidated Mortgage LLC
Mar 19, 2007
—
Goldstone Development LLC
Elise Michele Townsend
Special Warranty Deed
$1,188,750 · First Fidelity Bank Of Arizona
Mar 19, 2007
$1,300,000
Goldstone Dev LLC
Townsend,elise M
Grant Deed
related
—
Apr 12, 2006
$1,500,000
Townsend Construction INC
Adams,robert
Grant Deed
$980,000 · Ashton Merton E Trust
Oct 31, 2001
$575,000
Robert Adams
Steward,willis O & Betty J
Grant Deed
related
$425,000 · Willis O & Betty J Steward
Mar 29, 1995
—
Steward Trust
Steward,willis O & Elizabeth J
Quit Claim Deed
related
—
Apr 4, 1991
$205,000
Willis O Steward
Unknown
Grant Deed
related
—
—
—
Steward Trust
—
Deed Of Trust
related
$30,000 · County Bank
—
—
Robert Adams
—
Deed Of Trust
related
$50,000 · Snelson Trust
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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