Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    505 Whipple St Prescott, AZ 86301-1747
    Back to Search
    Property profile & analytics

    505 Whipple St, Prescott, AZ 86301-1747

    View on Map
    • Parking lots & garages
    • 0.28 lot acres
    Off-Market
    Property ID
    US07-1291763
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Decision Point Center / Medical Clinic
    • DEREK Y. KUNIMOTO / Ophthalmologist
    • Hollie Vacha / Counselor

    Property Details for 505 Whipple St

    Year built
    1972
    Lot size
    0.28 lot acres
    Property type
    Parking lots & garages
    APN
    113-05-043C
    APU
    11305043C

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 15, 2018 $1,750,000 Thomas G Hayden Michele L Harper Special Warranty Deed $910k · Redwood Capital Bank
    Jan 17, 2006 $2,650,000 Robert C Lewis David Morris Capelouto Special Warranty Deed $900k · The Stockmens Bank
    Aug 6, 1992 $65,000 Barbara Barton Unknown Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.475
    Latitude
    34.5566
    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
    $922
    $21,277
    $6,004
    $27,281
    -
    $118,204
    $33,356
    $151,560

    Comparable in this City

    • Value Estimation by Request
      1.42 Acres

      2609 Constellation Way

      PARKING GARAGE, PARKING STRUCTURE
      2609 Constellation Way, Prescott, AZ 86301
      View Details
    • Value Estimation by Request
      0.17 Acres

      144 Granite St

      PARKING GARAGE, PARKING STRUCTURE
      144 Granite St, Prescott, AZ 86301-3002
      View Details
    • Value Estimation by Request
      0.17 Acres

      131 Granite St

      PARKING GARAGE, PARKING STRUCTURE
      131 Granite St, Prescott, AZ 86301
      View Details
    • Value Estimation by Request
      0.17 Acres

      137 Grv Ave

      PARKING GARAGE, PARKING STRUCTURE
      137 Grv Ave, Prescott, AZ 86301
      View Details
    • Value Estimation by Request
      0.09 Acres

      Prescott, AZ 86301

      PARKING GARAGE, PARKING STRUCTURE
      Prescott, AZ 86301
      View Details
    • Value Estimation by Request
      0.08 Acres

      Prescott, AZ 86301

      PARKING GARAGE, PARKING STRUCTURE
      Prescott, AZ 86301
      View Details

    Similar Nearby for Sale

    • $1,650,000
      1.06 Acres

      Self-Service Car Wash with Tunnel

      Self-service bays, an automatic wash, and an express tunnel with covered detailing areas on a Neighborhood Oriented Business site.
      3112 Willow Creek Rd, Prescott, AZ 86301
      View Details
    • $1,000,000
      1,618 SF

      Prescott Retail Property: Prime Location

      High-value land, retail business included.
      325 Gurley St, Prescott, AZ 86301
      View Details
    • Contact for pricing
      4,617 SF

      Prime Prescott Location with Redevelopment Potential

      Exceptional location with income opportunity and redevelopment potential.
      1297-1299 E Gurley St, Prescott, AZ 86301
      View Details
    • Contact for pricing

      Prescott Airpark Buildable Lot

      0.88-acre lot in sought-after aviation community.
      6615 Inter Cal Way, Prescott, AZ 86301
      View Details
    • Contact for pricing

      Prescott Industrial Land For Sale

      2.66-acre industrial parcel in Prescott, Arizona, ready for development.
      6738 Generation Ln, Prescott, AZ 86301
      View Details
    • Contact for pricing
      Pending

      Commercial Land in Lakeview Plaza

      BG zoned commercial land for development in Prescott, Arizona.
      3111-3143 Lakeview Plz Ln, Prescott, AZ 86301
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo
      108,900 SF

      Fenced Lot Near Courthouse Square

      Fenced lot for storage or parking near Courthouse Square.
      430 N Mount Vernon Ave, Prescott, AZ 86301
      View Details
    • Contact for pricing
      871,200 SF

      Prescott Retail Center - Prime Location

      High-traffic retail space, multiple tenants.
      0 Sec Willow Crk Rd And Pioneer Pkwy, Prescott, AZ 86301
      View Details
    • $25 SF/Yr
      7,405 SF

      Prescott Automotive Space For Lease

      Versatile industrial space near downtown Prescott with ample parking.
      823 E Sheldon Ste B St, Prescott, AZ 86301
      View Details
    • $26 SF/Yr
      14,810 SF

      Office Suite with Storefront

      First-floor suite with a large glass storefront, move-in ready offices, and conference space near Courthouse Square.
      122 N Cortez St, Prescott, AZ 86301
      View Details
    • New
      $15 SF/Yr
      871 SF

      Industrial Office & Retail Condos

      Gated, centrally located flex space with a large warehouse roll-up door and fully built-out executive offices.
      697 6Th St, Prescott, AZ 86301
      View Details
    • Contact for pricing

      Retail Space in Willow Creek Plaza

      1,520 SF retail space in busy Prescott plaza.
      1042-1048 Willow Creek Rd, Prescott, AZ 86301
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    505 Whipple St
    Prescott, AZ 86301-1747
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    505 Whipple St, Prescott, AZ, 86301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!