Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1445 Masonry Way Prescott, AZ 86301-6555

    • Industrial properties
    • 840 SF
    • 3.12 lot acres
    OFF-MARKET
    Value Estimations
    $175,000
    Show details
    Cap Rate Potential
    5.6%
    Industrial properties
    Location Intelligence
    Property ID
    US07-0942457
    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.

    Current Use by Public Records

    • Industrial properties

    Property Details for 1445 Masonry Way

    Year built
    1974
    Lot size
    3.12 lot acres
    Property size
    840 SF
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    105-07-002A
    APU
    10507002A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $200,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $190,000
      6.5%
      $175,000
      7%
      $160,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $145,000
      Market price range: $68.7k - $145k
      AI Estimate
      $155,000
      Market price range: $38.7k - $155k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $210,000
      MEDICAL BUILDING
      $190,000
      RETAIL STORES
      $185,000
      AUTO REPAIR, GARAGE
      $140,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.439
    Latitude
    34.5654
    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
    $8,312
    $69,517
    $145,907
    $215,424
    -
    $386,203
    $810,597
    $1,196,800

    Comparable in this City

    • Value Estimation
      $250,000
      480 SF

      625 5th St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 480 SF
      625 5th St, Prescott, AZ 86301-2046
      View Details
    • Value Estimation
      $800,000
      5,001 SF

      2989 Centerpointe E Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 5,001 SF
      2989 Centerpointe E Dr, Prescott, AZ 86301-8402
      View Details
    • Value Estimation
      $275,000
      5,956 SF

      603 Bird St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 5,956 SF
      603 Bird St, Prescott, AZ 86301-2453
      View Details
    • Value Estimation
      $310,000
      12,596 SF

      6724 Corsair Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 12,596 SF
      6724 Corsair Ave, Prescott, AZ 86301-9106
      View Details
    • Value Estimation
      $275,000
      11,180 SF

      6750 Inter Cal Way

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 11,180 SF
      6750 Inter Cal Way, Prescott, AZ 86301-6196
      View Details
    • Value Estimation
      $530,000
      21,374 SF

      3100 State Rte 89

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 21,374 SF
      3100 State Rte 89, Prescott, AZ 86301-4915
      View Details

    Similar Nearby for Sale

    • $524,827
      4.33 Acres

      Prescott Airpark Lot 40

      4.33-acre industrial lot, prime location
      2237 Cirrus Dr, Prescott, AZ 86301
      View Details
    • $473,000
      3.88 Acres

      Prescott Airpark Lot 53

      3.88-acre lot, ideal location
      6405 Lear Ln, Prescott, AZ 86301
      View Details
    • $1,072,500
      6.07 Acres

      Prescott Industrial Land - $1M+

      6.07-acre industrial lot, prime Prescott location.
      2100 Gulfstream, Prescott, AZ 86301
      View Details
    • $3,200,000
      1.77 Acres

      Modern Prescott Office/Industrial Facility

      Modern office/industrial building with exceptional access and functionality in Prescott, Arizona.
      2220 Taxi Way, Prescott, AZ 86301
      View Details
    • $1,415,000
      17,000 SF

      6705 Generation Ln, Prescott, AZ 86301

      Industrial properties • 17,000 SF
      6705 Generation Ln, Prescott, AZ 86301
      View Details
    • $475,000
      0.41 Acres

      Iconic Dells Mixed-Use Property

      Unique mixed-use property with upgrades and high-income rental potential.
      3396 N State Route 89, Prescott, AZ 86301
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      261,360 SF

      Industrial Space in Prescott Available

      81,600 SF industrial space for lease in Prescott, Arizona.
      2222 Cirrus Unit 102 Dr, Prescott, AZ 86301
      View Details
    • $12 SF/Yr
      261,360 SF

      Industrial Space in Prescott Available

      81,600 SF industrial space for lease in Prescott, Arizona.
      2222 Cirrus Unit 103 Dr, Prescott, AZ 86301
      View Details
    • $12 SF/Yr
      58,806 SF

      Prescott Warehouse Space For Rent

      1,473 sq ft warehouse space on Willow Creek Road.
      1050 Willow Creek Rd, Prescott, AZ 86301
      View Details
    • $15 SF/Yr
      165,092 SF

      Prescott Flex Space For Lease

      Customizable flex space ideal for warehousing, distribution, and manufacturing.
      2620 Deep Wl Rnch Rd, Prescott, AZ 86301
      View Details
    • $13 SF/Yr
      58,806 SF

      Industrial Warehouse Space on Willow Creek

      Functional industrial warehouse space with office in high-traffic Prescott location.
      1050 Willow Creek Rd, Prescott, AZ 86301
      View Details
    • $15 SF/Yr
      43,996 SF

      Updated Industrial Space, Prescott, AZ

      Highly visible industrial space with modern updates and practical access.
      600 E Moeller St, Prescott, AZ 86301
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1445 Masonry Way
    Prescott, AZ 86301-6555
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.