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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Automotive properties
1240 Iron Spgs Rd Prescott, AZ 86305-1412
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0852176
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1990
Construction
CONCRETE
Total area
4,116 SF
Lot
1.57 ac (68,389 SF)
APN
115-09-091B
UPID
US07-0852176
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$964k
Blend (final)
Blend
$700k
Owner & transaction history
Heath A Harris · 2 yrs held
Heath A Harris
since 2024
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+46.5%
Medical building
$925,000
+32.8%
Office building
$710,000
+2.1%
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
$700,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$695,000
Current use
RETAIL STORES
$1,020,000
Change: +46% · Conversion: Difficult
MEDICAL BUILDING
$925,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$710,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$700,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Jan 2 2024)
Last sale anchor
$700k
Jan 2 2024
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
$170 / 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
$10,967
Tax year 2022
Assessed value
$194,411
Assessed 2025
Previous assessed
$189,960
+2.3% YoY
Effective rate
5.64%
On assessed value
Assessed land
$108,195
Assessed improvement
$86,216
Land market value
$601,081
Improvement market value
$478,980
Total market value
$1,080,061
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1990
Construction
CONCRETE
Heating
SPACE
Stories
1
Total area
4,116 SF
Lot
1.57 ac (68,389 SF)
APN
115-09-091B
UPID
US07-0852176
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
AUTO REPAIR, GARAGE Current
Est. value
$695,000
RETAIL STORES
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$925,000
OFFICE BUILDING
Est. value
$710,000
COMMERCIAL (GENERAL)
Est. value
$700,000
AUTO REPAIR, GARAGE Current
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1990
Construction
CONCRETE
Heating
SPACE
Stories
1
Lot
1.57 ac
Current owner
From public records · entity-resolved
Heath A Harris
Individual
Mailing address
1840 W KAIBAB LN STE #200, FLAGSTAFF, AZ 86001-8748
Ownership since
2024
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
Jan 2, 2024
$700,000
Heath A Harris
Anthony M Karcic
Special Warranty Deed
$1,425,000 · The Foothills Bank
Dec 31, 2020
—
Trak Properties LLC
—
Deed
related
$577,500 · Foothills Bk
Jul 28, 2017
—
Prescott Props INC
—
Deed
related
$440,000 · Niedringhaus Family Trust (pt)
Aug 17, 2004
—
Nshe Kenton Vale LLC
Willow Creek Shoping Ctr LLC
Grant Deed
related
—
—
—
Prescott Props INC
—
Deed Of Trust
related
$440,000 · Niedringhaus Family Trust (pt)
—
—
Trak Properties LLC
—
Deed Of Trust
related
$107,949 · Private Individual
—
—
Trak Properties LLC
—
Deed Of Trust
related
$577,500 · Foothills Bk
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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