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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Residential income homes
1998 Prescott Lks Pkwy Prescott, AZ 86301-7825
Entity Owned
7-yr Hold
Free & Clear
Property ID
US07-3266018
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
2000
Construction
STEEL FRAME
Total area
3,132 SF
Lot
10.37 ac (451,717 SF)
APN
106-18-067B
UPID
US07-3266018
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
$490k
CAP Approach
CAP
$515k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$500k
Owner & transaction history
Nnc Legacy At Prescott LLC · 7 yrs held
Nnc Legacy At Prescott LLC
since 2018
4 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
$490,000
CAP Approach
CAP Return
Estimation
6%
$555,000
6.5%
$515,000
7%
$475,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$360,000
Change: 0% · Conversion: Moderate
COMMERCIAL (GENERAL)
$335,000
Change: 0% · Conversion: Moderate
RETAIL STORES
$325,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$310,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$160 / 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
$61,258
Tax year 2022
Assessed value
$2,249,548
Assessed 2025
Previous assessed
$2,208,937
+1.8% YoY
Effective rate
2.72%
On assessed value
Assessed land
$55,162
Assessed improvement
$2,194,386
Land market value
$551,620
Improvement market value
$21,943,857
Total market value
$22,495,477
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
OTHER
Cooling
AC.PACKAGE
Buildings
5
Stories
1
Total area
3,132 SF
Lot
10.37 ac (451,717 SF)
APN
106-18-067B
UPID
US07-3266018
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
Est. value
$360,000
COMMERCIAL (GENERAL)
Est. value
$335,000
RETAIL STORES
Est. value
$325,000
AUTO REPAIR, GARAGE
Est. value
$310,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
2000
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Buildings
5
Lot
10.37 ac
Current owner
From public records · entity-resolved
Nnc Legacy At Prescott LLC
Entity
Free & Clear · 7 yrs held
Mailing address
4425 ATLANTIC AVE #820, LONG BEACH, CA 90807-2238
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2018
$30,250,000
Nnc Legacy At Prescott LLC
Clear Sky Cap Prescott Lks L
Grant Deed
—
Sep 18, 2018
—
Clear Sky Cap Prescott Lks LLC
Clear Sky Cap Prescott Lks LP
Quit Claim Deed
related
—
Apr 24, 2014
$15,500,000
Clear Sky Capital Prescott Lak
Prescott Lakes I LLC
Grant Deed
related
$11,250,000 · Barclays Bk/plc
Jan 4, 2006
$13,026,198
Prescott Lakes I LLC
Prescott Lakes Apartments LP
Special Warranty Deed
$10,000,000 · Wachovia Bank NA
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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