NOT LISTED FOR SALE

Prescott, AZ 86301

Estimated Value: $1,218,341

-- Bed
-- Bath
11,012 Sq Ft
$111/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $1,200,000 $109 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $7,078/month

22 Days on Market

Highlights

  • Central Air
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Lincoln Elementary School Rated A-

About This Home

As of March 2022

On the Market for the first time in 49 years! This 7-unit multi-tenant shopping center is a perfect addition to your portfolio. The property is 100% occupied by 6 separate tenants, new roof in February of 2022, 33 parking spaces, zoned business general, and offers great exposure along Miller Valley Road. There are a lot of upsides in increasing under market base rents, adding NNN's to the gross leases, and renegotiating month to month leases. Current financials and pro-forma available with a signed NDA.

Last Agent to Sell the Property

Matthew Fish

Prescott Commercial Real Estat Listed on: 03/09/2022

Last Buyer's Agent

Matthew Fish

Prescott Commercial Real Estat Listed on: 03/09/2022

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $9,025

Year Built

  • Built in 1982

Lot Details

  • Property is zoned BG

Home Design

  • 11,012 Sq Ft Home
  • Brick Exterior Construction
  • Wood Frame Construction
  • Block Exterior

Flooring

  • Carpet
  • Concrete

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • 220 Volts
  • Septic Tank

Community Details

  • Commercial Only Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 11307012

Property Details

Property Type

Other

Est. Annual Taxes

$9,025

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Comm/Industry Sale
  • Zoning: BG
  • Year Built: 1982
  • Tax Year: 2021
  • Subdivision Name: Commercial Only
  • Construction Brick: Yes
  • Electric 220: Yes
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Concrete
  • Living Area: 11012.0

Exterior Features

  • Construction Type: Wood Frame, Block, Brick
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes

Utilities

  • Electric: 220 Volts, Individual Meter
  • Cooling: Central Air
  • Heating: Natural Gas
  • Green Building Features: Physcl Chlgd (SRmks)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Natural Gas: Yes
  • Sewer Septic Tank: Yes

Lot Info

  • Parcel #: 11307012

Tax Info

  • Tax Annual Amount: 9025.0
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2022
Closed on
Mar 29, 2022
Sold by
Orville F Heuer Family Trust
Bought by
Rjh Property Llc
Seller's Agent
Matthew Fish
Prescott Commercial Real Estat
Buyer's Agent
Matthew Fish
Prescott Commercial Real Estat
List Price
$1,400,000
Sold Price
$1,200,000
Premium/Discount to List
-$200,000
-14.29%
Current Estimated Value
$1,218,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,341
Avg. Annual Appreciation
0.79%
Original Mortgage
$900,000
Outstanding Balance
$846,886
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$387,506
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rjh Property Llc $1,200,000 Yavapai Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rjh Property Llc $900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2022 03/31/22 Sold $1,200,000 -14.3% $109 / Sq Ft
03/31/2022 03/31/22 Pending -- -- --
03/09/2022 03/09/22 For Sale $1,400,000 -- $127 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $8,265 -- -- --
2024 $8,342 -- -- --
2023 $8,342 $197,751 $39,954 $157,797
2022 $8,416 $181,130 $60,816 $120,314
2021 $9,025 $182,921 $60,816 $122,105
2020 $9,041 $0 $0 $0
2019 $8,926 $0 $0 $0
2018 $8,610 $0 $0 $0
2017 $8,212 $0 $0 $0
2016 $8,265 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Matthew Fish

    Prescott Commercial Real Estat

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 529198

Arizona Regional Multiple Listing Service (ARMLS)

APN: 113-07-012

Arizona Yavapai County Prescott

86301

This home since 09 March 2022 and is currently estimated at $1,218,341, approximately $110 per square foot. This property was built in 1982. This home is a home located in Yavapai County with nearby schools including Lincoln Elementary School, Granite Mountain Middle School, and Prescott Mile High Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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