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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    212 Montezuma St Prescott, AZ 86303-4720

    • Medical offices
    • 4,707 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-3479129
    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

    • Gringo's Taco Shop / Restaurant / Mexican Restaurant
    • SofTech Computers / Computer Repair Service
    • Pennington Law, PLLC / Attorney
    • Granite Mountain Health Clinic / Urgent Care Center

    Property Details for 212 Montezuma St

    Year built
    1981
    Construction
    STEEL FRAME
    Lot size
    0.11 lot acres
    Property size
    4,707 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    109-02-048
    APU
    10902048

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $235,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $295,000
      Market price range: $223k - $666k

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

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.471
    Latitude
    34.5395
    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
    $4,657
    $15,204
    $120,731
    $135,935
    -
    $84,467
    $670,728
    $755,195

    Comparable in this City

    • Value Estimation
      $280,000
      7,618 SF

      3605 Rnch Dr

      MEDICAL CLINIC • 7,618 SF
      3605 Rnch Dr, Prescott, AZ 86303-6729
      View Details
    • Value Estimation
      $255,000
      5,772 SF

      216 Smt Ave

      MEDICAL BUILDING • 5,772 SF
      216 Smt Ave, Prescott, AZ 86303-3730
      View Details
    • Value Estimation
      $170,000
      506 SF

      409 Goodwin St

      MEDICAL BUILDING • 506 SF
      409 Goodwin St, Prescott, AZ 86303-3751
      View Details
    • Value Estimation
      $220,000
      3,267 SF

      3733 Karicio Ln

      MEDICAL BUILDING • 3,267 SF
      3733 Karicio Ln, Prescott, AZ 86303-6829
      View Details
    • Value Estimation
      $1,235,000
      110,011 SF

      211 Bradshaw Dr

      HOMES (RETIRED, NURSING) • 110,011 SF
      211 Bradshaw Dr, Prescott, AZ 86303-4426
      View Details
    • Value Estimation
      $255,000
      3,225 SF

      400 Marina St

      HOMES (RETIRED, NURSING) • 3,225 SF
      400 Marina St, Prescott, AZ 86303-4324
      View Details

    Similar Nearby for Sale

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      1.17 Acres

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      Medical office building for sale or lease near Highway 69.
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      Prescott Executive Office Land

      Prime .43-acre lot, ideal for professional office.
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    • $4,500,000
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      Downtown Prescott Investment Opportunity

      Prime investment property near Courthouse Square with diverse tenant mix.
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    • $780,000
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      Commercial Office Building Investment Opportunity

      High-visibility office building with long-term tenant and income potential.
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    • Contact for pricing
      0.66 Acres

      Residential Land in Prescott, Arizona

      Land for building a dream home near downtown Prescott.
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    Similar Nearby for Lease

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      3,049 SF

      Turn-Key Commercial Space in Prescott

      Versatile commercial space near downtown Prescott, ready for immediate use.
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      50,965 SF

      Medical Office Building For Lease

      Medical office building for lease or sale in Prescott, AZ.
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      View Details
    • $28 SF/Yr
      Pending

      Medical Office Space For Lease

      Medical office space available in Prescott, Arizona.
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      View Details
    • $16 SF/Yr
      8,276 SF

      Commercial Office Space in Prescott

      Office space with high visibility and easy access.
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    • $18 SF/Yr
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      Retail and Office Space Prescott

      Commercial space near Courthouse Square with frontage and parking.
      330 S Montezuma St, Prescott, AZ 86303
      View Details
    • $26 SF/Yr
      4,792 SF

      Class A Office Space Prescott

      Premier downtown Prescott office space for lease.
      325 W Gurley Ste 102 St, Prescott, AZ 86303
      View Details
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    212 Montezuma St
    Prescott, AZ 86303-4720
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    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
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