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    Property profile & analytics

    Morristown, AZ 85342

    • Research & development properties
    • 936 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 27, 2024
    $25,000
    Location Intelligence
    Property ID
    US07-1985516
    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

    • Research & development properties

    Property Details

    Year built
    1929
    Construction
    STEEL FRAME
    Lot size
    0.33 lot acres
    Property size
    936 SF
    Property type
    Research & development properties
    APN
    204-02-018
    APU
    20402018

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.351
    Latitude
    34.0195
    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
    $104
    $1,592
    $916
    $2,508
    -
    $8,844
    $5,088
    $13,932

    Comparable in this City

    • Value Estimation by Request
      1,083 SF

      37750 Cow Crk Rd

      WASTE DISPOSAL, SEWAGE • 1,083 SF
      37750 Cow Crk Rd, Morristown, AZ 85342
      View Details
    • Value Estimation by Request
      1,083 SF

      37700 Cow Crk Rd

      WASTE DISPOSAL, SEWAGE • 1,083 SF
      37700 Cow Crk Rd, Morristown, AZ 85342
      View Details
    • Value Estimation by Request
      1,200 SF

      380 Debs Cir

      WAREHOUSE, STORAGE • 1,200 SF
      380 Debs Cir, Morristown, AZ 85342
      View Details
    • Value Estimation by Request
      2,500 SF

      42400 Castle Hot Spgs Rd

      STORAGE YARD, OPEN STORAGE • 2,500 SF
      42400 Castle Hot Spgs Rd, Morristown, AZ 85342-9104
      View Details
    • Value Estimation by Request
      5,000 SF

      47515 Us Hwy 60

      WAREHOUSE, STORAGE • 5,000 SF
      47515 Us Hwy 60, Morristown, AZ 85342-4501
      View Details
    • Value Estimation by Request
      1,386 SF

      42750 Grand Ave

      STORAGE YARD, OPEN STORAGE • 1,386 SF
      42750 Grand Ave, Morristown, AZ 85342
      View Details

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      Five acre property suitable for a new home.
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      Morristown Land with Mountain Views

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    Realmo Value Estimation

    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.

    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.

    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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