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

    701 Hillside Ave Prescott, AZ 86301-1937

    • Medical Office Space
    • 3,320 SF
    • 0.73 lot acres
    OFF-MARKET
    Last Sale
    Mar 24, 2022
    $352,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0999448
    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

    • Dr. Bower / Dental Office
    • Bower Dental Care / Dental Office

    Property Details for 701 Hillside Ave

    Year built
    1981
    Construction
    CONCRETE
    Lot size
    0.73 lot acres
    Property size
    3,320 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    113-08-022
    APU
    11308022

    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
    -112.478
    Latitude
    34.5529
    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
    $5,652
    $50,390
    $105,318
    $155,708
    -
    $279,943
    $585,102
    $865,045

    Comparable in this City

    • Value Estimation
      $1,435,000
      9,584 SF

      300 Lee Blvd

      MEDICAL CLINIC • 9,584 SF
      300 Lee Blvd, Prescott, AZ 86301-5710
      View Details
    • Value Estimation
      $1,985,000
      9,071 SF

      820 Ainsworth Dr

      MEDICAL CLINIC • 9,071 SF
      820 Ainsworth Dr, Prescott, AZ 86301-1613
      View Details
    • Value Estimation
      $1,070,000
      7,396 SF

      802 Ainsworth Dr

      MEDICAL CLINIC • 7,396 SF
      802 Ainsworth Dr, Prescott, AZ 86301-1623
      View Details
    • Value Estimation
      $760,000
      4,103 SF

      5415 Distinction Way

      MEDICAL BUILDING • 4,103 SF
      5415 Distinction Way, Prescott, AZ 86301-8438
      View Details
    • Value Estimation
      $780,000
      5,421 SF

      412 Whipple St

      MEDICAL CLINIC • 5,421 SF
      412 Whipple St, Prescott, AZ 86301-1712
      View Details
    • Value Estimation
      $815,000
      4,556 SF

      108 Whipple St

      MEDICAL BUILDING • 4,556 SF
      108 Whipple St, Prescott, AZ 86301-1706
      View Details

    Similar Nearby for Sale

    • $3,375,000
      7,500 SF

      Prescott Medical Office Building

      7,500 SF Medical/Office, Vacant, $450/SF
      3213 Lakeside Vlg, Prescott, AZ 86301
      View Details
    • $2,137,500
      4,750 SF

      Prescott Medical Office Building

      Brand new, vacant medical office space.
      3233 Lakeside Vlg, Prescott, AZ 86301
      View Details
    • $1,125,000
      2,500 SF

      Prescott Medical Office Building

      Brand new, vacant medical office space.
      3225 Lakeside Vlg, Prescott, AZ 86301
      View Details
    • $1,820,000
      4,922 SF

      Prescott Medical Office Building

      Net-leased medical office, high cap rate.
      999 Division St, Prescott, AZ 86301
      View Details
    • Contact for pricing
      4,019 SF

      NextCare Urgent Care Investment

      NNN leased medical office with long-term tenant in Prescott.
      2062 Willow Creek Rd, Prescott, AZ 86301
      View Details
    • $849,900
      2,858 SF

      Medical Office Building For Sale

      2,858 sqft medical office near hospital and high school.
      1011 Ruth St, Prescott, AZ 86301
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      44,431 SF

      Prescott Medical/Office Space Available

      Versatile 1,800 SF medical/office space in Prescott, Arizona.
      1000 Willow Creek Rd, Prescott, AZ 86301
      View Details
    • $18 SF/Yr
      11,622 SF

      Carson Medical Office Building

      Prime Medical/Office Space Available
      804 Ainsworth Dr, Prescott, AZ 86301
      View Details
    • New
      $19 SF/Yr
      Pending

      Medical Office Building For Lease

      Prime medical office building near hospital, ready for immediate occupancy.
      1202 Willow Creek Rd, Prescott, AZ 86301
      View Details
    • $20 SF/Yr
      48,787 SF

      Professional Office Building For Lease

      Medical or professional office building for lease in Prescott, AZ.
      1620 Willow Creek Rd, Prescott, AZ 86301
      View Details
    • $22 SF/Yr
      5,227 SF

      Medical Office Space Available

      Medical office space for rent in Prescott Lakes Commerce Center.
      1951 Commerce Center Cir, Prescott, AZ 86301
      View Details
    • New
      $26 SF/Yr
      4,792 SF

      Downtown Prescott Office Suite

      Professional office suite for lease in downtown Prescott, Arizona.
      325 W Gurley St, 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.
    701 Hillside Ave
    Prescott, AZ 86301-1937
    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!