Entity Owned 
For Lease
1 / 15
$5,800/Mo
303 Summit Ave, Prescott, AZ 96301
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Property summary
AI-generated overview
The property is a commercial warehouse-and-office facility located in Prescott, Arizona, constructed in 1973. It provides approximately 5,000 square feet of warehouse and office area along with a fully fenced commercial yard, for a combined site area of approximately 9,200 square feet on a 0.75-acre lot. The building includes four drive-in bays and Phase 3 electrical power, with interior office accommodations that include a reception area, additional showroom/office space, and two restrooms. The layout and site configuration are suited for industrial and service uses such as manufacturing, contracting, distribution, or other service-based operations requiring warehouse, drive-in access, and yard storage.
Property profile
Verified
Property type
Other industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1973
Total area
5,000 SF
Lot
0.75 ac (32,670 SF)
APN
113-09-040B
UPID
US07-0938176
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Building Supply Hardware & Home Improvement
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$810k
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$646k
Blend (final)
Blend
$780k
Owner & transaction history
since 2023
Last sale
$970,000
6 recorded transactions
Zoning & alternative use
Top alternative use upside
Office building
$1.3M
+99.1%
Medical building
$1.1M
+79.0%
Retail stores
$1.1M
+74.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$780k
Value range
$702k – $858k
±10% around blend
Estimated value / SF
$156 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$702k
blend $780k
$858k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,000 SF
Lot area
0.75 ac
Year built
1973
Stories
1
APN
113-09-040B
Assessed value
$167,440
Annual tax
$6,604
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.04M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.13M
@ 6.5% CAP return
$1.04M
@ 7% CAP return
$965k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$6,604
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$646k
Range $409k – $866k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$780k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 32 sales
$125
+24%
Submarket 48 sales
$171
-9%
County 145 sales
$178
-12%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $156/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+99%
vs current-use indication
Medical Building
Retail Stores
Auto Repair, Garage
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
8.70%
Selected cap rate for this other industrial properties
Derived from the Prescott market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.70%
9.0%
NOI (est.)
$80k *
Last sale · Aug 2023
$970k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$922k
Move the market yield to see immediate price impact.
Value / SF
$184
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.20%8.70%9.20%
$72k
$880k
$829k
$784k
$80k
$978k
$922k
$872k
$88k
$1.08M
$1.01M
$959k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$6,604
Tax year 2022
Assessed value
$167,440
Assessed 2025
Previous assessed
$186,432
-10.2% YoY
Effective rate
3.94%
On assessed value
Assessed land
$41,773
Assessed improvement
$125,667
Land market value
$232,074
Improvement market value
$698,151
Total market value
$930,225
Applied tax rate
120.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
For Lease
Year built
1973
Heating
OTHER
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
5,000 SF
Lot
0.75 ac (32,670 SF)
APN
113-09-040B
UPID
US07-0938176
Jurisdiction
YAVAPAI
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Heating
OTHER
Cooling
Yes
Stories
1
Buildings
2
Lot
0.75 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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