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Property profile & analytics
OFF-MARKET
Estimated value
$1,460,000
Investment properties
117 Cortez St, Prescott, AZ 86301-3015
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-0512029
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1963
Construction
CONCRETE
Total area
7,448 SF
Lot
0.17 ac (7,405 SF)
APN
113-16-059
UPID
US07-0512029
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
-
Vintage Inspirations Home Decor Store Department Store
-
The Marketplace Home Decor Store (Bike/Boat/Book/etc) Store
-
Ponderosa Gypsy Clothing & Fashion Store
-
Harvest Art Group Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.43M
CAP Approach
CAP
$1.55M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.46M
Owner & transaction history
Penningtons LLC · 2 yrs held
Penningtons LLC
since 2023
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.9M
+99.1%
Medical building
$1.7M
+79.0%
Retail stores
$1.6M
+74.8%
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
$1,425,000
ML approach
$1,430,000
CAP Approach
CAP Return
Estimation
6%
$1,675,000
6.5%
$1,545,000
7%
$1,435,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$935,000
Current use
OFFICE BUILDING
$1,860,000
Change: +99% · Conversion: Easy
MEDICAL BUILDING
$1,670,000
Change: +79% · Conversion: Easy
RETAIL STORES
$1,630,000
Change: +75% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,260,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$1.46M
Range $1.31M – $1.61M · ±10% · vs last sale $1.78M (Aug 11 2023)
Last sale anchor
$1.78M
Aug 11 2023
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
$196 / 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
$4,617
Tax year 2022
Assessed value
$209,726
Assessed 2025
Previous assessed
$213,382
-1.7% YoY
Effective rate
2.20%
On assessed value
Assessed land
$15,865
Assessed improvement
$193,861
Land market value
$88,137
Improvement market value
$1,077,007
Total market value
$1,165,144
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
1
Total area
7,448 SF
Lot
0.17 ac (7,405 SF)
APN
113-16-059
UPID
US07-0512029
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
$935,000
OFFICE BUILDING
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1
Buildings
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Penningtons LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 307, PRESCOTT, AZ 86302-0307
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2023
—
Penningtons LLC
117 Cortez LLC
Warranty Deed
—
Dec 2, 2015
$1,350,000
117 Cortez LLC
Robert & Victorias Props INC
Grant Deed
$1,150,000 · Robert & Victoria's Props INC
Sep 26, 2005
—
Robert & Victorias Props INC
Small,robert W & Victoria L
Quit Claim Deed
related
—
Feb 6, 2001
—
Robert W Small
Small,robert W
Quit Claim Deed
related
—
May 5, 1995
—
Small Enterprises INC
Small,robert W
Quit Claim Deed
related
—
Mar 23, 1994
$200,000
Robert W Small
Unknown
Grant Deed
—
—
—
Robert W Small
—
Deed Of Trust
related
$30,000 · County 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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