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

    1689 State Route Route, AZ

    • Automotive properties
    • 1,002 SF
    • 0.89 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2320322
    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

    • Automotive properties

    Property Details for 1689 State Route

    Year built
    1964
    Construction
    CONCRETE
    Lot size
    0.89 lot acres
    Property size
    1,002 SF
    Property type
    Automotive properties
    APN
    306-20-008A
    APU
    30620008A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Route
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.453
    Latitude
    34.7699
    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
    2015
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $85,290
    $3,359
    $88,649

    Comparable in this City

    • Value Estimation by Request
      840 SF

      7575 I 10th Eb Frontage Rd

      VEHICLE SALES, RENTALS • 840 SF
      7575 I 10th Eb Frontage Rd, Marana, AZ
      View Details
    • Value Estimation
      $230,000
      6,886 SF

      Us Highway

      VEHICLE SALES, RENTALS • 6,886 SF
      Us Highway, 60, AZ
      View Details
    • Value Estimation by Request
      0.65 Acres

      Part Of Car Lot

      VEHICLE SALES, RENTALS • 0.65 Acres
      Part Of Car Lot, Lot, AZ
      View Details
    • Value Estimation by Request
      1,568 SF

      16075 Oracle Rd

      VEHICLE SALES, RENTALS • 1,568 SF
      16075 Oracle Rd, Pima County, AZ
      View Details
    • Value Estimation by Request
      2,400 SF

      Cooley, AZ

      VEHICLE SALES, RENTALS • 2,400 SF
      Cooley, AZ
      View Details
    • Value Estimation by Request
      4,811 SF

      3596 Highway

      VEHICLE SALES, RENTALS • 4,811 SF
      3596 Highway, 60-70, AZ
      View Details

    Similar Nearby for Sale

    • $495,000
      60,000 SF

      Land with Improved Parking Lot

      Land with parking lot and utilities in Oro Valley, AZ.
      11121 N Oracle Rd, Oro Valley, AZ
      View Details
    • Contact for pricing
      15,803 SF

      TA Travel Center For Sale

      Travel center on Old Highway 66 near I-40.
      950 Old Hwy, Ash Fork, AZ
      View Details
    • $19,455,481
      9,658 SF

      TA Travel Center Investment Opportunity

      NNN leased TA Travel Center with 15+ years remaining.
      19210 S Us Hwy, White Hills, AZ
      View Details
    • Contact for pricing
      21,267 SF

      Golden Valley Commercial Property Available

      Commercial property in Golden Valley, Arizona, with I-40 frontage.
      3100 S Gatlin Dr, Golden Valley, AZ
      View Details
    • Contact for pricing
      4,717 SF

      Operating Store with Excess Land

      Operating Circle K with excess land and gateway location.
      236 N Coronado Blvd, Morenci, AZ
      View Details
    • $1,522,000
      4,216 SF

      Fully Occupied Retail Investment Property

      Fully leased retail property with long-term tenants and income growth.
      14081 W Grand Ave, Surprise, AZ
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,700 SF

      Land for Automotive/Retail Development

      Land available for ground lease or build-to-suit in Goodyear, AZ.
      Nec Perryville Rd & Indian School Rd, Goodyear, AZ
      View Details
    • Contact for pricing
      7,000 SF

      Automotive/Retail Pad Site Available

      Pad site suitable for automotive or retail use for rent.
      4169 N 187 Ln, Litchfield Park, AZ
      View Details
    • Contact for pricing
      2,796 SF

      Automotive Service Building For Rent

      Second generation automotive service building with four bays available.
      16741 E Shea Blvd, Fountain Hills, AZ
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Oro Valley

      Retail space available in affluent Oro Valley shopping center.
      7851-7967 N Oracle Rd, Oro Valley, AZ
      View Details
    • Contact for pricing
      3,250 SF

      Retail Space with Pylon Signage

      Retail space available in Mesa, anchored by national tenants.
      Nec Lindsay Rd & Main St, Mesa, AZ
      View Details
    • Contact for pricing
      32,000 SF

      Mixed-Use Development Near Loop 202

      New mixed-use development with retail, restaurant, and hotel space.
      Address Not Disclosed, Gilbert, AZ
      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.
    1689 State Route
    Route, AZ
    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.