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    Property profile

    141 S Mccormick St Prescott, AZ 86303

    FOR SALE
    Parking lots & garages
    Property ID
    US07-1316888
    0.26 ac lot
    Entity Owned 34-yr Hold Free & Clear
    141 S Mccormick St, Prescott, AZ 86303 For Sale 1 / 16
    Contact for pricing
    141 S Mccormick St, Prescott, AZ 86303
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    Property summary

    AI-generated overview

    The property is an income-focused, multi-tenant development located in Downtown Prescott, approximately two blocks from Courthouse Square and within a walkable downtown business district. It consists of 42 units across two buildings and five parcels, on a 0.86-acre lot. The site includes covered private parking with 72 grade-level parking spaces. The office portion supports multiple professional service uses, including legal, financial, medical, and development services, and the property also includes a restaurant building. The configuration is suitable for continued multi-tenant use and may allow for redevelopment, reconfiguration, or capital improvements to adjust unit mix and operating expenses.

    Property profile

    Verified
    Property type Parking lots & garages
    Use group PARKING GARAGE, PARKING STRUCTURE
    Lot 0.26 ac (11,326 SF)
    APN 109-02-031
    UPID US07-1316888

    Cap rate & NOI

    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors

    Current use

    Occupant on record · Public records
    • Alternative Medicine Practice Spa & Massage Center
    • Insurance Agency
    • Law Firm
    • Law Firm
    • Law Firm Child Welfare Organization
    5 occupants on record

    Value estimations

    Realmo proprietary · 4 methods
    AI Approach AI
    $225k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $225k

    Owner & transaction history

    since 1991
    1 recorded transaction
    1991
    $1.8M

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Value Estimation
      $210,000
      0.26 Acres
      135 Mccormick St
      PARKING GARAGE, PARKING STRUCTURE
      135 Mccormick St, Prescott, AZ 86303-4711
      View Details
    • Value Estimation
      $235,000
      0.20 Acres
      706 Montezuma St
      PARKING GARAGE, PARKING STRUCTURE
      706 Montezuma St, Prescott, AZ 86303-4230
      View Details
    • Value Estimation
      $190,000
      2.64 Acres
      1317 Stetson Rd
      PARKING GARAGE, PARKING STRUCTURE
      1317 Stetson Rd, Prescott, AZ 86303
      View Details
    • Value Estimation
      $215,000
      0.61 Acres
      3718 Karicio Ln
      PARKING GARAGE, PARKING STRUCTURE
      3718 Karicio Ln, Prescott, AZ 86303
      View Details
    • Value Estimation
      $215,000
      0.17 Acres
      131 Mccormick St
      PARKING GARAGE, PARKING STRUCTURE
      131 Mccormick St, Prescott, AZ 86303-4711
      View Details
    • Value Estimation
      $220,000
      0.15 Acres
      245 Cortez St
      PARKING GARAGE, PARKING STRUCTURE
      245 Cortez St, Prescott, AZ 86303-3938
      View Details

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    • New
      $18 SF/Yr
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    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
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