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Property profile & analytics
FOR LEASE
Office buildings
1951 Commerce Center Cir Prescott, AZ 86301
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-3266016
For Lease
1 / 24
$22 SF/Yr
1951 Commerce Center Cir, Prescott, AZ 86301
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
STEEL FRAME
Total area
4,275 SF
Lot
0.12 ac (5,227 SF)
APN
106-18-340D
UPID
US07-3266016
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
Current use
Occupant on record · Public records
-
TLC Group Insurance Agency
-
Kunow Insurance Insurance Agency
-
Mark Priola, FNP-C - Priola Primary and Palliative Care Medical Clinic
-
Commerce Center Business Service Center Corporate Office
-
Dr. Patricia Watson Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$649k
Blend (final)
Blend
$550k
Owner & transaction history
Blackstone Capital Investments LLC · 2 yrs held
Blackstone Capital Investments LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$550k
Range $495k – $605k · ±10%
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
$129 / 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
$4,618
Tax year 2022
Assessed value
$113,256
Assessed 2025
Previous assessed
$128,467
-11.8% YoY
Effective rate
4.08%
On assessed value
Assessed land
$11,340
Assessed improvement
$101,916
Land market value
$63,000
Improvement market value
$566,201
Total market value
$629,201
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
For Lease
Year built
2005
Construction
STEEL FRAME
Heating
OTHER
Cooling
AC.PACKAGE
Stories
1
Total area
4,275 SF
Lot
0.12 ac (5,227 SF)
APN
106-18-340D
UPID
US07-3266016
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
Building & site characteristics
From public records
Year built
2005
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Blackstone Capital Investments LLC
Entity
Mailing address
1951 E COMMERCE CTR CIR STE B, PRESCOTT, AZ 86301-7418
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2024
$1,300,000
Blackstone Capital Investments LLC
Marilu Yoder Salceda
Warranty Deed
$950,000 · Pinnacle Bank
Mar 8, 2024
—
Priola Primary Palliative & Hospice
—
Deed
related
$70,000 · Allen G Nel
Oct 23, 2023
—
Priola Primary Palliative & Hospice
—
Deed
related
$300,000 · A & A Funding Corp
Jul 28, 2023
—
Marilu Yoder
Priola Primary Palliative & Hospice
Warranty Deed
—
Jan 23, 2023
—
Priola Primary Palliative & Hospice
Marilu Yoder
Warranty Deed
$300,000 · A & A Funding Corp
Sep 8, 2022
—
Priola Primary Palliative & Hospice
—
Deed
related
$750,000 · A & A Funding Corp
Jun 14, 2021
—
Mark Priola
Mark Priola
Intrafamily Transfer
related
—
May 7, 2021
—
Mark Priola
Mark Priola
Intrafamily Transfer
related
—
Feb 4, 2021
$565,000
Priola Primary Palliative & Hospice
Anthony Know
Warranty Deed
$526,000 · America First FCU
Dec 1, 2014
$360,871
Anthony Kunow
Shimazu,steven T & Gayle K
Grant Deed
$363,173 · Steven T & Gayle K Shimazu
Oct 9, 2014
—
Steven T Shimazu
Shimazu,steven T & Gayle K
Quit Claim Deed
related
—
Jun 30, 2014
—
Steven T Shimazu
Childers,stephen M
Deed In Lieu Of Foreclosure
related
—
Jun 7, 2013
$400,000
Stephen M Childers
Shimazu,steven T
Warranty Deed
$399,900 · Steven T & Gayle K Shimazu
May 3, 2005
—
Steven T Shimazu
—
Trustees Deed
related
$170,000 · Stockmen's Bank
Aug 26, 2004
$187,530
Steven T Shimazu
Pl & Norton 27 LLC
Grant Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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