Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    531 Granite St Prescott, AZ 86303-4209

    • Industrial properties
    • 2,160 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1087216
    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

    • AAA Xtra Space Self Storage / Storage Facility
    • AUTO GLASS FITTERS / Auto Repair Shop / (Bike/Boat/Book/etc) Store
    • GONEWEB - by GoneWeb / Department Store

    Property Details for 531 Granite St

    Year built
    1984
    Construction
    CONCRETE
    Lot size
    0.17 lot acres
    Property size
    2,160 SF
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    109-14-031
    APU
    10914031

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.471
    Latitude
    34.533
    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
    $1,242
    $11,214
    $33,303
    $44,517
    -
    $62,302
    $185,019
    $247,321

    Comparable in this City

    • Value Estimation by Request
      831 SF

      839 Hope St

      INDUSTRIAL (GENERAL) • 831 SF
      839 Hope St, Prescott, AZ 86303-4617
      View Details
    • Value Estimation by Request
      1,830 SF

      436 Montezuma St

      INDUSTRIAL (GENERAL) • 1,830 SF
      436 Montezuma St, Prescott, AZ 86303-7001
      View Details
    • Value Estimation by Request
      692 SF

      715 White Spar Rd

      INDUSTRIAL (GENERAL) • 692 SF
      715 White Spar Rd, Prescott, AZ 86303-4631
      View Details
    • Value Estimation by Request
      482 SF

      405 Hl Ave

      STORE/OFFICE (MIXED USE) • 482 SF
      405 Hl Ave, Prescott, AZ 86303-3748
      View Details
    • Value Estimation by Request
      1,227 SF

      415 Montezuma St

      STORE/OFFICE (MIXED USE) • 1,227 SF
      415 Montezuma St, Prescott, AZ 86303-4223
      View Details
    • Value Estimation by Request
      2,819 SF

      208 Montezuma St

      STORE/OFFICE (MIXED USE) • 2,819 SF
      208 Montezuma St, Prescott, AZ 86303-4720
      View Details

    Similar Nearby for Sale

    • $4,500,000
      27,690 SF

      Downtown Prescott Investment Opportunity

      Fully occupied mixed-use property near Courthouse Square.
      141 S Mccormick St, Prescott, AZ 86303
      View Details
    • $189,900
      5.10 Acres

      Secluded Mountain Land Parcel

      5 acres bordering national forest, ready for off-grid living.
      2750 W Frst Service Rd 73, Prescott, AZ 86303
      View Details
    • $499,000
      2.66 Acres

      2.6 Acres in High Valley Ranch

      Homesite in gated community bordering Prescott National Forest.
      3185 W Warm Springs Rd, Prescott, AZ 86303
      View Details
    • $69,000
      0.37 Acres

      Residential Land in Prescott, Arizona

      Buildable lot in established neighborhood with city utilities and views.
      79 N Silverbow Cir, Prescott, AZ 86303
      View Details
    • $1,175,000

      Prescott Multifamily Investment Opportunity

      Well-maintained multifamily property near downtown Prescott and Courthouse Square.
      425 S Alarcon St, Prescott, AZ 86303
      View Details
    • $95,900
      2.00 Acres

      Land with Views in Prescott

      Two-acre lots with views, close to amenities in Prescott.
      004c E Cibola Cir, Prescott, AZ 86303
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      20,909 SF

      Versatile Flex Space in Prescott

      5,000 SF flex space ideal for various business types.
      222-1/2 S Montezuma St, Prescott, AZ 86303
      View Details
    • $18 SF/Yr
      30,492 SF

      Commercial Space Near Downtown Prescott

      Two commercial spaces for lease near downtown Prescott.
      334 S Montezuma St, Prescott, AZ 86303
      View Details
    • $21 SF/Yr
      30,492 SF

      Commercial Spaces in Prescott, Arizona

      Two commercial spaces for lease near downtown Prescott.
      334 S Montezuma St, Prescott, AZ 86303
      View Details
    • $24 SF/Yr
      30,492 SF

      Commercial Space Near Downtown Prescott

      Two commercial spaces for lease near downtown Prescott, Arizona.
      334 S Montezuma St, Prescott, AZ 86303
      View Details
    • $20 SF/Yr
      Pending

      Renovated Retail Space in Prescott

      Prime retail space available for lease in downtown Prescott.
      447 S Montezuma St, Prescott, AZ 86303
      View Details
    • New
      $18 SF/Yr
      1,548,994 SF

      Retail Space in Regional Center

      Food court spaces available in a modern shopping center.
      3250 Gtwy Blvd - Food Ct, Prescott, AZ 86303
      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.
    531 Granite St
    Prescott, AZ 86303-4209
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!