1297 Gurley St Prescott, AZ 86301-3311
Property profile & analytics
1297 Gurley St Prescott, AZ 86301-3311
- Drive through restaurants
- 2,241 SF
- 1.38 lot acres
Property ID
US07-1340826
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Koko Grill / Restaurant
Property Details for 1297 Gurley St
- Year built
- 1979
- Construction
- STEEL FRAME
- Lot size
- 1.38 lot acres
- Property size
- 2,241 SF
- Property type
- Drive through restaurants
- APN
- 114-06-001
- APU
- 11406001
Description
This exceptional 1.38-acre Prescott, Arizona commercial property, located at the high-traffic intersection of State Route 89 and State Route 69, presents a compelling redevelopment opportunity. The property includes two existing buildings totaling 5,392 square feet, situated on a corner lot at 1297 E Gurley St, Prescott, AZ 86303. One building is currently leased to Koko Grill under a Net Net lease, expiring August 28, 2025, with two five-year renewal options and a 3% annual rent increase. The lease generates a current NOI of $39,338, representing a 1.99% cap rate on the $1,979,000 asking price. The second building, previously occupied by Enterprise Rental Car (1,385 square feet), is currently vacant. Both buildings are single-story structures built in 1979. The property is zoned BG (Business General), allowing for a wide range of commercial and/or residential uses. This prime location at the entrance to Prescott offers significant potential for investors seeking to capitalize on high daily traffic volume and the flexibility afforded by the large lot size and existing infrastructure. The property's APN is 114-06=001. The current occupancy rate is 50%.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Prescott
- County
- Yavapai
- State
- Arizona
- Longitude
- -112.452
- Latitude
- 34.5447
- CBSA code
- 39150
- CBSA name
- PRESCOTT VALLEY-PRESCOTT, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$12,452
$176,637
$120,688
$297,325
-
$981,315
$670,488
$1,651,803
