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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Office buildings
340 Mt Vernon Ave Prescott, AZ 86301-2620
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0897344
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1954
Construction
STEEL FRAME
Total area
1,451 SF
Lot
0.17 ac (7,405 SF)
APN
114-02-011
UPID
US07-0897344
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
-
Susan Nesbit Physician
-
Jennifer B. Sterzbach, SLP Physician
-
Jan Alexander, MS Physician
-
A Way Through Family Counselor
-
Browne & Katon Family Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$521k
Blend (final)
Blend
$600k
Owner & transaction history
Hope St Holdings LLC · 2 yrs held
Hope St Holdings LLC
since 2024
Last sale
$599,000
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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$360,000
Current use
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $599k (Apr 16 2024)
Last sale anchor
$599k
Apr 16 2024
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
$414 / 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
$2,887
Tax year 2022
Assessed value
$124,033
Assessed 2025
Previous assessed
$124,033
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$16,111
Assessed improvement
$107,922
Land market value
$89,506
Improvement market value
$599,569
Total market value
$689,075
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
Off-Market
Year built
1954
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
1,451 SF
Lot
0.17 ac (7,405 SF)
APN
114-02-011
UPID
US07-0897344
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 Current
Est. value
$360,000
OFFICE BUILDING Current
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
1954
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
0.17 ac
Current owner
From public records · entity-resolved
Hope St Holdings LLC
Entity
Mailing address
4628 S DEER TRL, PRESCOTT, AZ 86303-6184
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2024
$599,000
Hope St Holdings LLC
Merrill Management Company LLC
Special Warranty Deed
$300,000 · The Foothills Bank
Sep 9, 2005
—
Merrill Management Co LLC
Merrill,david & Christine
Quit Claim Deed
—
Apr 27, 1995
$167,500
David A Merrill
Whittingham,peggy L
Grant Deed
$107,500 · Seller
Jan 23, 1992
$88,500
Peggy Lee Whittingham
Unknown
Grant Deed
—
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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