Property profile

720 Elrod Rd Prescott, AZ 86305

OFF-MARKET
Industrial properties
Property ID
US07-0997324
14,849 SF 2.25 ac lot Built 1980
Individually Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 15,349-square-foot industrial property, situated on a spacious 2.25-acre lot in Prescott, Arizona, presents a unique investment opportunity. Located in the heart of Prescott, this versatile building seamlessly blends warehouse, office, and showroom space, currently utilized for manufacturing, distribution, and retail operations. The expansive interior features large open areas ideal for various uses, complemented by elevated loading docks for efficient logistics. The high ceilings, ranging from 16 to 24 feet, provide ample vertical space and flexibility for diverse operational needs. The property's strategic location within a thriving retail hub and in close proximity to Prescott College offers significant advantages. The substantial lot size ensures ample parking and the possibility of developing a secure yard. The building is equipped with solar power, reducing energy costs and promoting sustainability. This property benefits from its position in the largest metropolitan statistical area north of Phoenix, serving a substantial trade area with a population exceeding 255,000, a significant portion residing within a 15-mile radius of downtown Prescott. The Industrial Light zoning allows for a wide range of uses, making this a truly adaptable and valuable asset. This is a rare opportunity to acquire a substantial, well-located industrial property with significant potential for growth and diverse applications. The asking price is $3,375,000.

Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1980
Construction CONCRETE
Total area 14,849 SF
Lot 2.25 ac (98,010 SF)
APN 113-10-036F
UPID US07-0997324

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Metal Fabrication Plant Factory

Location

720 Elrod Rd Prescott, AZ 86305-2922
Prescott metro Census 1002 PRESCOTT VALLEY-PRESCOTT, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.49M
Blend (final) Blend
$380k

Owner & transaction history

since 2015
7 recorded transactions
2025
Price N/A
2015
$50,000
2008
Price N/A
2008
$800,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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