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

    225 Grv Ave Prescott, AZ 86301-2908

    • Office buildings
    • 4,200 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0995769
    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

    • Let's Get Healthy 4 You! At The Heart Shop / Weight Loss Service / Cardiologist
    • The Heart Shop / Health Spa
    • Vincent Ruzzo / Counselor
    • Healthy Skin 4 You! / Medical Spa

    Property Details for 225 Grv Ave

    Year built
    1973
    Construction
    CONCRETE
    Lot size
    0.17 lot acres
    Property size
    4,200 SF
    Property type
    Office buildings
    APN
    113-12-018
    APU
    11312018

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $292,000
      Market price range: $233k - $770k

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

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.476
    Latitude
    34.5451
    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
    $4,100
    $12,896
    $98,611
    $111,507
    -
    $71,647
    $547,840
    $619,487

    Comparable in this City

    • Value Estimation
      $295,000
      1,873 SF

      136 Grv Ave

      OFFICE BUILDING • 1,873 SF
      136 Grv Ave, Prescott, AZ 86301-2910
      View Details
    • Value Estimation
      $260,000
      1,307 SF

      148 Smt Ave

      OFFICE BUILDING • 1,307 SF
      148 Smt Ave, Prescott, AZ 86301-2712
      View Details
    • Value Estimation
      $625,000
      1,179 SF

      233 Alarcon St

      OFFICE BUILDING • 1,179 SF
      233 Alarcon St, Prescott, AZ 86301-3101
      View Details
    • Value Estimation
      $765,000
      6,185 SF

      201 Alarcon St

      OFFICE BUILDING • 6,185 SF
      201 Alarcon St, Prescott, AZ 86301-3100
      View Details
    • Value Estimation
      $780,000
      6,330 SF

      1947 Commerce Ctr Cir

      OFFICE BUILDING • 6,330 SF
      1947 Commerce Ctr Cir, Prescott, AZ 86301-4500
      View Details
    • Value Estimation
      $260,000
      4,275 SF

      1951 Commerce Ctr Cir

      OFFICE BUILDING • 4,275 SF
      1951 Commerce Ctr Cir, Prescott, AZ 86301-7418
      View Details

    Similar Nearby for Sale

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      Prescott Office Condo Opportunity

      Nine-unit office condo near downtown Prescott with investment potential.
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      Medical Office Building For Sale

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    • $999,900
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      Prescott Medical Office Building

      High-traffic location, 7 exam rooms, ample parking.
      1011 Ruth St, Prescott, AZ 86301
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    • $599,478
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      Downtown Prescott Commercial Opportunity

      Versatile commercial space in downtown Prescott, suitable for various businesses.
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      NextCare Urgent Care Investment

      NNN leased medical office with long-term tenant in Prescott.
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    Similar Nearby for Lease

    • $18 SF/Yr
      11,622 SF

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      Prime Medical/Office Space Available
      804 Ainsworth Dr, Prescott, AZ 86301
      View Details
    • $13 SF/Yr
      Pending

      Move-in Ready Medical Suite

      6,633 SF medical suite in professional medical corridor.
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      View Details
    • $19 SF/Yr
      11,761 SF

      Medical Office Building For Lease

      Prime medical office building near hospital, ready for immediate occupancy.
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      View Details
    • New
      $20 SF/Yr
      7,405 SF

      Professional Office Suite Near Downtown

      Well-maintained 705 SF office suite minutes from downtown Prescott.
      300 E Willis St, Prescott, AZ 86301
      View Details
    • New
      $16 SF/Yr
      4,356 SF

      Move-In Ready Professional Office Space

      Professional office space with reception, offices, conference room, and amenities.
      1965 Commerce Center Cir, Prescott, AZ 86301
      View Details
    • New
      $11 SF/Yr
      43,996 SF

      Versatile Prescott Commercial Space Available

      Suites with warehouse and office space in central Prescott.
      430 N Mount Vernon Ave, Prescott, AZ 86301
      View Details
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    225 Grv Ave
    Prescott, AZ 86301-2908
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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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