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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Office buildings
1616 Iron Spgs Rd Prescott, AZ 86305-1388
Entity Owned
~
Est. High Equity
Property ID
US07-1195870
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
CONCRETE
Total area
3,827 SF
Lot
1.55 ac (67,518 SF)
APN
115-06-112K
UPID
US07-1195870
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
$800k
CAP Approach
CAP
$915k
Comparable Approach
Comparable
$899k
Blend (final)
Blend
$915k
Owner & transaction history
1616 W Iron Springs Road LLC
1616 W Iron Springs Road LLC
since 2026
Last sale
$975,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$945,000
+43.5%
Medical building
$860,000
+30.0%
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
$735,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
$990,000
6.5%
$915,000
7%
$850,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$660,000
Current use
RETAIL STORES
$945,000
Change: +43% · Conversion: Moderate
MEDICAL BUILDING
$860,000
Change: +30% · Conversion: Easy
COMMERCIAL (GENERAL)
$655,000
Change: -1% · Conversion: Easy
AUTO REPAIR, GARAGE
$645,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±10% · vs last sale $975k (Aug 3 2022)
Last sale anchor
$975k
Aug 3 2022
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
$239 / 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
$7,018
Tax year 2022
Assessed value
$230,982
Assessed 2025
Previous assessed
$229,409
+0.7% YoY
Effective rate
3.04%
On assessed value
Assessed land
$82,286
Assessed improvement
$148,696
Land market value
$457,147
Improvement market value
$826,088
Total market value
$1,283,235
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
OTHER
Cooling
AC.PACKAGE
Stories
2
Total area
3,827 SF
Lot
1.55 ac (67,518 SF)
APN
115-06-112K
UPID
US07-1195870
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
OFFICE BUILDING Current
Est. value
$660,000
RETAIL STORES
Est. value
$945,000
MEDICAL BUILDING
Est. value
$860,000
COMMERCIAL (GENERAL)
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$645,000
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2002
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
2
Lot
1.55 ac
Current owner
From public records · entity-resolved
1616 W Iron Springs Road LLC
Entity
Mailing address
8370 E WINDMILL ACRES RD, PRESCOTT VALLEY, AZ 86315-3109
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2026
—
1616 W Iron Springs Road LLC
Toby Ebarb
Warranty Deed
$787,500 · Adams Bank And Trust
Aug 3, 2022
$975,000
Toby Ebarb
Jkw Properties LLC
Special Warranty Deed
$600,000 · Joe And Deborah Rietz Family Trust
Mar 28, 2000
$132,000
James C Warrick
Leray Trust
Grant Deed
$25,000 · Seller
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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