Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    711 Whipple St Prescott, AZ 86301-1717
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    711 Whipple St Prescott, AZ 86301-1717

    View on Map
    • Office buildings
    • 5,088 SF
    • 0.62 lot acres
    Off-Market
    Last Sale Oct 13, 2020
    Property ID
    US07-0893462
    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
    $795,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Hamp Law Offices, LLC / Law Firm
    • Jensen Phelan Law Firm, P.C. / Law Firm
    • Hall Benefit Group / Business Management Consultant
    • Christine Jensen Counseling, LLC / Counselor
    • Guaranteed Rate of Prescott / Loan Service / Bank

    Property Details for 711 Whipple St

    Year built
    1986
    Construction
    STEEL FRAME
    Lot size
    0.62 lot acres
    Property size
    5,088 SF
    Property type
    Office buildings
    APN
    113-05-001A
    APU
    11305001A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $536,000
      Market price range: $282k - $933k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,270,000
      Current use
      MEDICAL BUILDING
      $1,140,000
      Change: -10% Conversion: Easy
      RETAIL STORES
      $1,115,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.479
    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
    $6,990
    $48,668
    $156,129
    $204,797
    -
    $270,378
    $867,385
    $1,137,763

    Comparable in this City

    • Value Estimation
      $1,625,000
      7,868 SF

      1211 Gurley St

      OFFICE BUILDING • 7,868 SF
      1211 Gurley St, Prescott, AZ 86301-3312
      View Details
    • Value Estimation
      $1,860,000
      9,110 SF

      600 Gurley St

      OFFICE BUILDING • 9,110 SF
      600 Gurley St, Prescott, AZ 86301-3246
      View Details
    • Value Estimation by Request
      2,980 SF

      2200 Hillsdale Rd

      OFFICE BUILDING • 2,980 SF
      2200 Hillsdale Rd, Prescott, AZ 86301-4941
      View Details
    • Value Estimation
      $845,000
      3,968 SF

      710 Montezuma St

      OFFICE BUILDING • 3,968 SF
      710 Montezuma St, Prescott, AZ 86301-2002
      View Details
    • Value Estimation by Request
      2,664 SF

      2957 State Rte 89

      OFFICE BUILDING • 2,664 SF
      2957 State Rte 89, Prescott, AZ 86301-4963
      View Details
    • Value Estimation
      $545,000
      4,200 SF

      225 Grv Ave

      OFFICE BUILDING • 4,200 SF
      225 Grv Ave, Prescott, AZ 86301-2908
      View Details

    Similar Nearby for Sale

    • Sponsored
      $849,500
      2,863 SF

      Health and Healing Center

      Rare Opportunity for Exceptional Location Zoned For Commercial and/or Residential
      1237 N Rhinestone Dr, Prescott, AZ 86301
      View Details
    • $650,000
      1,944 SF

      Medical/Office Building For Sale

      Professional medical/office building near hospital, ideal for various uses.
      1670 Willow Creek Rd, Prescott, AZ 86301
      View Details
    • Contact for pricing
      10,112 SF

      Modern Office/Industrial Facility For Sale

      Modern office/industrial building with exceptional access and functionality in Prescott.
      2220 Taxi Way, Prescott, AZ 86301
      View Details
    • Contact for pricing
      4,922 SF

      Medical Office Building Investment

      Single-tenant medical office building near Dignity Health hospital.
      999 Division St, Prescott, AZ 86301
      View Details
    • $3,375,000
      7,500 SF

      Medical/Professional Office Space Available

      Customizable medical/professional office space in Prescott, Arizona.
      3213 Lakeside Vlg, Prescott, AZ 86301
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      118,483 SF

      Montezuma Plaza Office Space

      Medical and commercial office space for lease in Prescott, AZ.
      730 N Montezuma St, Prescott, AZ 86301
      View Details
    • $19 SF/Yr
      Pending

      Medical/Professional Office Space Available

      Prime office space near hospital, suitable for medical or professional use.
      1202 Willow Creek Rd, Prescott, AZ 86301
      View Details
    • $13 SF/Yr
      29,185 SF

      Versatile Commercial Space Near Downtown

      Adaptable commercial space suitable for retail, office, or service businesses.
      540 6Th St, Prescott, AZ 86301
      View Details
    • New
      $14 SF/Yr
      871 SF

      Medical Office Near Dignity Hospital

      Commercial space near hospital, suitable for medical or office use.
      1003 Division #5A St, Prescott, AZ 86301
      View Details
    • $24 SF/Yr
      14,810 SF

      Modern Office Space For Lease

      2,419 sq ft office space near Courthouse Square.
      122 N Cortez St, Prescott, AZ 86301
      View Details
    • $18 SF/Yr
      11,326 SF

      Professional Office Space For Lease

      Well-located commercial office space available in Prescott, Arizona.
      120 N Marina 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.
    711 Whipple St
    Prescott, AZ 86301-1717
    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!