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

    839 Hope St Prescott, AZ 86303-4617

    • Industrial properties
    • 831 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $200,000
    Show details
    Cap Rate Potential
    7.8%
    Industrial properties
    Location Intelligence
    Property ID
    US07-1106303
    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

    • Briezie Beauty Bar / Skin Care Clinic

    Property Details for 839 Hope St

    Year built
    1961
    Construction
    STEEL FRAME
    Lot size
    0.17 lot acres
    Property size
    831 SF
    Property type
    Industrial properties
    APN
    107-14-106
    APU
    10714106

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $205,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $265,000
      6.5%
      $245,000
      7%
      $230,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $139,000
      Market price range: $42.3k - $148k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $205,000
      MEDICAL BUILDING
      $185,000
      OFFICE BUILDING
      $145,000
      COMMERCIAL (GENERAL)
      $140,000
      AUTO REPAIR, GARAGE
      $140,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.477
    Latitude
    34.527
    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
    $885
    $6,664
    $31,359
    $38,023
    -
    $37,021
    $174,218
    $211,239

    Comparable in this City

    • Value Estimation
      $305,000
      2,160 SF

      531 Granite St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2,160 SF
      531 Granite St, Prescott, AZ 86303-4209
      View Details
    • Value Estimation
      $210,000
      692 SF

      715 White Spar Rd

      INDUSTRIAL (GENERAL) • 692 SF
      715 White Spar Rd, Prescott, AZ 86303-4631
      View Details
    • Value Estimation
      $270,000
      1,830 SF

      436 Montezuma St

      INDUSTRIAL (GENERAL) • 1,830 SF
      436 Montezuma St, Prescott, AZ 86303-7001
      View Details
    • Value Estimation
      $185,000
      1,936 SF

      595 Cyn E Dr

      WASTE DISPOSAL, SEWAGE • 1,936 SF
      595 Cyn E Dr, Prescott, AZ 86303
      View Details
    • Value Estimation
      $380,000
      1,282 SF

      825 Hope St

      WAREHOUSE, STORAGE • 1,282 SF
      825 Hope St, Prescott, AZ 86303-4617
      View Details
    • Value Estimation
      $305,000
      2,400 SF

      419 Montezuma St

      WAREHOUSE, STORAGE • 2,400 SF
      419 Montezuma St, Prescott, AZ 86303-4223
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.66 Acres

      Residential Land in Prescott, Arizona

      Land for building a dream home near downtown Prescott.
      345 Silver Hill Cir, Prescott, AZ 86303
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    • $1,350,000
      6,636 SF

      Prescott Office Building - 1.4 Acres

      Prime Prescott office, 6,636 sq ft, 1.4 acres.
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      25,198 SF

      Prescott Commercial Space - Gateway Blvd

      Large Retail Space in Prime Location
      3250 Gateway Blvd, Prescott, AZ 86303
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    • $33,888
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      Residential Land in Prescott Community

      Land for dream home with views, near shopping and restaurants.
      631 W Lee Blvd, Prescott, AZ 86303
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    • $430,000
      1,536 SF

      Prescott Townhouse Near Downtown

      Turn-key townhouse with updated features, close to downtown Prescott.
      1414 Haisley Ct, Prescott, AZ 86303
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    • $100,000
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      Land with Panoramic Mountain Views

      Residential land near downtown Prescott with incredible panoramic views.
      Galaxy Ln, Prescott, AZ 86303
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    Similar Nearby for Lease

    • $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
    • $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
    • $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
    • Contact for pricing
      4,500 SF

      Retail Space in Shopping Center

      Retail space available in high-visibility shopping center on Highway 69.
      256 N Lee Blvd, Prescott, AZ 86303
      View Details
    • $20 SF/Yr
      9,148 SF

      Renovated Retail Space in Prescott

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

      Retail Space in Regional Center

      Retail suite available within a modern shopping center.
      3250 Gateway Blvd, Prescott, AZ 86303
      View Details
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    839 Hope St
    Prescott, AZ 86303-4617
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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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