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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8067 E Florentine Rd Prescott Valley, AZ 86314

    • Retail space
    • 3,002 SF
    • 0.39 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Last Sale
    Feb 12, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-3490623
    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

    • Preferred Homecare / Home Health Care Service / Medical Equipment Supplier

    Property Details for 8067 E Florentine Rd

    Year built
    1988
    Construction
    STEEL FRAME
    Lot size
    0.39 lot acres
    Property size
    3,002 SF
    Property type
    Retail space
    APN
    103-22-051A
    APU
    10322051A

    Description

    This single-story, 3,084 square foot office building in Prescott Valley, Arizona, presents a compelling investment opportunity. Located on a 0.39-acre lot in the highly desirable medical corridor, just two blocks from Dignity Health Yavapai Regional Medical Center East, this property enjoys exceptional visibility and accessibility. Currently 100% occupied by a single tenant under an Absolute NNN lease with annual rent bumps, expiring April 30, 2027 (2.4 years remaining). The building, constructed in 1988, is classified as Class B and features ample parking. The property boasts a strong Net Operating Income (NOI) of $48,992, yielding a 5.94% cap rate at an asking price of $825,000 ($267.51 per square foot). The C2 zoning allows for a variety of uses, making it suitable for medical or general office purposes. The expansive lot offers potential for future expansion or improvements. This is an absolute NNN lease with one 3-year lease option. The property's location, strong tenant, and favorable lease terms make it an attractive investment for those seeking a stable, high-return asset. The APN is 103-22-051A.

    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 Valley
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.325
    Latitude
    34.5876
    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
    $4,791
    $32,443
    $43,311
    $75,754
    -
    $180,240
    $240,618
    $420,858

    Comparable in this City

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      View Details
    • Value Estimation
      $3,065,000
      21,782 SF

      6669 1st St

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    • Value Estimation by Request
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      8540 State Rte 69

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      8540 State Rte 69, Prescott Valley, AZ 86314-8701
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    • Value Estimation
      $520,000
      2,532 SF

      6200 State Rte 69

      RETAIL STORES (PERSONAL SERVICES) • 2,532 SF
      6200 State Rte 69, Prescott Valley, AZ 86314-2918
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    • Value Estimation by Request
      2,400 SF

      8284 State Rte 69

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      8284 State Rte 69, Prescott Valley, AZ 86314-8404
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    • Value Estimation
      $12,685,000
      106,184 SF

      5500 State Rte 69

      RETAIL STORES (PERSONAL SERVICES) • 106,184 SF
      5500 State Rte 69, Prescott Valley, AZ 86314-6533
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    • $15 SF/Yr
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      Retail Space on E. Florentine

      End-cap retail space with street visibility in Prescott Valley.
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    • $14 SF/Yr
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      Versatile Commercial Space, Prescott Valley

      3084 SF space suitable for office, retail, or healthcare.
      8067 E Florentine Rd, Prescott Valley, AZ 86314
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      Flexible building suitable for retail or light industrial uses.
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      Retail Center on Highway 69

      New retail center with excellent visibility on Highway 69.
      5532 E State Route 69, Prescott Valley, AZ 86314
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    Prescott Valley, AZ 86314
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    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
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