Presidio Property Trust (SQFT) 10-K 28 Mar 23 2022 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2022	Mar. 27, 2023	Jun. 30, 2022
Document Information [Line Items]
Entity Central Index Key	0001080657
Entity Registrant Name	Presidio Property Trust, Inc.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	000-53673
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	33-0841255
Entity Address, Address Line One	4995 Murphy Canyon Road, Suite 300
Entity Address, City or Town	San Diego
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92123
City Area Code	760
Local Phone Number	471-8536
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 11,400,000
Entity Common Stock, Shares Outstanding		13,075,199
Auditor Firm ID	23
Auditor Name	Baker Tilly US, LLP
Auditor Location	Irvine, California
Series A Common Stock Purchase Warrants [Member]
Document Information [Line Items]
Title of 12(b) Security	Series A Common Stock Purchase Warrants to Purchase Shares of Common Stock
Trading Symbol	SQFTW
Security Exchange Name	NASDAQ
Series D Cumulative Redeembale Perpetual Preferred Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	9.375% Series D Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share
Trading Symbol	SQFTP
Security Exchange Name	NASDAQ
Common Class A [Member]
Document Information [Line Items]
Title of 12(b) Security	Series A Common Stock, $0.01 par value per share
Trading Symbol	SQFT
Security Exchange Name	NASDAQ

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Land	$ 19,189,386	$ 21,136,379
Buildings and improvements	125,979,374	119,224,375
Tenant improvements	13,861,839	12,752,518
Lease intangibles	4,110,139	4,110,139
Real estate assets and lease intangibles held for investment, cost	163,140,738	157,223,411
Accumulated depreciation and amortization	(34,644,511)	(30,589,969)
Real estate assets and lease intangibles held for investment, net	128,496,227	126,633,442
Real estate assets held for sale, net	2,016,003	11,431,494
Real estate assets, net	130,512,230	138,064,936
Other assets
Cash, cash equivalents and restricted cash	16,516,725	14,702,089
Deferred leasing costs, net	1,516,835	1,348,234
Goodwill	2,423,000	2,423,000
Other assets, net (see Note 6)	3,511,681	4,658,504
Total other assets	23,968,241	23,131,827
Investments held in Trust (see Notes 2 & 9)	136,871,183	0
TOTAL ASSETS	291,351,654	161,196,763
Liabilities:
Mortgage notes payable, net	95,899,176	87,324,319
Mortgage notes payable related to properties held for sale, net	999,523	1,535,513
Mortgage notes payable, total net	96,898,699	88,859,832
Accounts payable and accrued liabilities	4,028,564	4,569,537
Accounts payable and accrued liabilities of SPAC (see Notes 2 & 9)	5,046,725	15,499
Accrued real estate taxes	1,879,875	1,940,913
Dividends payable preferred stock	178,511	179,685
Lease liability, net	46,833	75,547
Below-market leases, net	18,240	73,130
Total liabilities	108,097,447	95,714,143
Commitments and contingencies (Note 2 & 9)
Equity:
Additional paid-in capital	182,044,157	186,492,012
Dividends and accumulated losses	(138,341,750)	(130,947,434)
Total stockholders' equity before noncontrolling interest	43,829,626	55,669,775
Noncontrolling interest	9,013,446	9,812,845
Total equity	52,843,072	65,482,620
TOTAL LIABILITIES AND EQUITY	291,351,654	161,196,763
Common Class A [Member]
Equity:
Series A Common Stock, $0.01 par value per share, shares authorized: 100,000,000; 11,655,583 shares and 11,599,720 shares were issued and outstanding at December 31, 2022 and December 31, 2021, respectively	118,079	115,997
Common Class A [Member] | SPAC, Murphy Canyon Acquisition Corp. [Member]
Liabilities:
SPAC Class A common stock subject to possible redemption; 13,225,000 shares (at $10.34 per share), net of issuance cost of approximately $6,400,000	130,411,135	0
Series D Preferred Stock [Member]
Equity:
Series D Preferred Stock, $0.01 par value per share; 1,000,000 shares authorized; 916,061 shares issued and outstanding (liquidation preference $25.00 per share) as of December 31, 2022 and December 31, 2021, respectively	$ 9,140	$ 9,200

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Preferred stock, shares authorized (in shares)	1,000,000
Common Class A [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	11,655,583	11,599,720
Common stock, shares outstanding (in shares)	11,655,583	11,599,720
Common Class A [Member] | SPAC, Murphy Canyon Acquisition Corp. [Member]
Temporary equity shares outstanding (in shares)	13,225,000
Temporary equity per share (in dollars per share)	$ 10.34
Temporary equity issuance cost	$ 6,400,000
Series D Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	916,061	916,061
Preferred stock, shares outstanding (in shares)	916,061	916,061
Preferred stock, liquidation preference (in dollars per share)	$ 25	$ 25

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenues:
Rental income	$ 17,203,310	$ 18,420,257
Fees and other income	560,971	810,852
Total revenue	17,764,281	19,231,109
Costs and expenses:
Rental operating costs	5,841,396	6,183,189
General and administrative	6,163,816	6,225,510
Depreciation and amortization	5,465,015	5,397,498
Impairment of real estate assets	0	608,000
Total costs and expenses	17,470,227	18,414,197
Other income (expense):
Gain on sale of marketable securities, net	2,018,847	39,428
Interest and other (expense), net	21,075	(42,845)
Gain on sales of real estate, net	5,079,912	2,487,528
Gain on extinguishment of government debt	0	10,000
Income tax (expense) credit	(1,215,873)	47,620
Total other income (expense), net	1,191,474	(2,280,354)
Net income (loss)	1,485,528	(1,463,442)
Less: Income attributable to noncontrolling interests	(3,612,647)	(2,162,140)
Net loss attributable to Presidio Property Trust, Inc. stockholders	(2,127,119)	(3,625,582)
Less: Preferred Stock Series D dividends	(2,152,740)	(1,173,948)
Less: Series A Warrant dividend	(2,456,512)	0
Net loss attributable to Presidio Property Trust, Inc. common stockholders	$ (6,736,371)	$ (4,799,530)
Net loss per share attributable to Presidio Property Trust, Inc. common stockholders:
Basic & Diluted (in dollars per share)	$ (0.57)	$ (0.46)
Diluted (in dollars per share)	$ (0.57)	$ (0.46)
Weighted average number of common shares outstanding - basic & diluted (in shares)	11,753,041	10,340,975
Mortgage Notes [Member]
Other income (expense):
Interest expense	$ (4,712,487)	$ (4,542,712)
Notes Payable [Member]
Other income (expense):
Interest expense	$ 0	$ (279,373)

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($)	Common Class A [Member] Preferred Stock [Member]	Common Class A [Member] Common Stock [Member]	Common Class A [Member] Additional Paid-in Capital [Member]	Common Class A [Member] Retained Earnings [Member]	Common Class A [Member] Parent [Member]	Common Class A [Member] Noncontrolling Interest [Member]	Common Class A [Member]	Series D Preferred Stock [Member] Preferred Stock [Member]	Series D Preferred Stock [Member] Common Stock [Member]	Series D Preferred Stock [Member] Additional Paid-in Capital [Member]	Series D Preferred Stock [Member] Retained Earnings [Member]	Series D Preferred Stock [Member] Parent [Member]	Series D Preferred Stock [Member] Noncontrolling Interest [Member]	Series D Preferred Stock [Member]	Preferred Stock [Member]		Common Stock [Member]		Additional Paid-in Capital [Member]		Retained Earnings [Member]		Parent [Member]		Noncontrolling Interest [Member]		Total
Balance (in shares) at Dec. 31, 2020															0		9,508,363
Balance at Dec. 31, 2020															$ 0		$ 95,038		$ 156,463,146		$ (121,674,505)		$ 34,883,679		$ 15,238,902		$ 50,122,581
Net income (loss)															$ 0		$ 0		0		(3,625,582)		(3,625,582)		2,162,140		(1,463,442)
Dividends paid to Series A Common Stockholders	$ 0	$ 0	$ 0	$ (4,473,399)	$ (4,473,399)	$ 0	$ (4,473,399)
Dividends to Series D Preferred Stockholders								$ 0	$ 0	$ 0	$ (1,173,948)	$ (1,173,948)	$ 0	$ (1,173,948)
Issuance of Common Stock (in shares)								920,000	0						0		2,000,000
Issuance of Common Stock								$ 9,200	$ 0	20,480,603	0	20,489,803	0	20,489,803	$ 0	[1]	$ 20,000	[1]	8,851,879	[1]	0	[1]	8,871,879	[1]	0	[1]	8,871,879	[1]
Distributions in excess of contributions received															$ 0		$ 0		0		0		0		(7,588,197)		(7,588,197)
Repurchase of Stock, at cost (in shares)															0		(29,721)
Repurchase of Stock, at cost															$ 0		$ (252)		(110,379)		0		(110,631)		0		(110,631)
Vesting of restricted Series A Common Stock (in shares)															0		121,078
Vesting of restricted Series A Common Stock															$ 0		$ 1,211		806,763		0		807,974		0		807,974
Balance (in shares) at Dec. 31, 2021															920,000		11,599,720
Balance at Dec. 31, 2021															$ 9,200		$ 115,997		186,492,012		(130,947,434)		55,669,775		9,812,845		65,482,620
Net income (loss)															0		0		0		(2,127,119)		(2,127,119)		3,612,647		1,485,528
Dividends paid to Series A Common Stockholders	$ 0	$ 0	0	(3,114,456)	(3,114,456)	0	(3,114,456)
Dividends to Series D Preferred Stockholders								$ 0	$ 0	0	(2,152,741)	(2,152,741)	0	(2,152,741)
Distributions in excess of contributions received															$ 0		$ 0		0		0		0		(4,412,046)		(4,412,046)
Repurchase of Stock, at cost (in shares)	0	(196,631)						(6,013)	0
Repurchase of Stock, at cost	$ 0	$ (1,966)	$ (311,423)	$ 0	$ (313,389)	$ 0	$ (313,389)	$ (60)	$ 0	$ (122,081)	$ 0	$ (122,141)	$ 0	$ (122,141)
Vesting of restricted Series A Common Stock (in shares)															0		404,804
Vesting of restricted Series A Common Stock															$ 0		$ 4,048		1,884,945		0		1,888,993		0		1,888,993
Remeasurement of SPAC common stock subject to possible redemption upon IPO, Public Warrants and Private Placement Units, net of offering costs															0		0		(4,023,113)		0		(4,023,113)		0		(4,023,113)
Remeasurement of SPAC shares to redemption value															$ 0		$ 0		(1,876,183)		0		(1,876,183)		0		(1,876,183)
Balance (in shares) at Dec. 31, 2022															913,987		11,807,893
Balance at Dec. 31, 2022															$ 9,140		$ 118,079		$ 182,044,157		$ (138,341,750)		$ 43,829,626		$ 9,013,446		$ 52,843,072
[1]See Additional Offerings & Warrants in Note 1. ORGANIZATION AND BASIS OF PRESENTATION

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income (loss)	$ 1,485,528	$ (1,463,442)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	5,465,015	5,397,498
Stock compensation	1,204,106	1,614,228
Bad debt expense	73,055	164,623
Gain on sale of real estate assets, net	(5,079,912)	(2,487,528)
Gain on extinguishment of government debt	0	(10,000)
Net change in fair value marketable securities	(42,664)	(39,429)
Net change in fair value SPAC Trust Account	(1,976,183)	0
Impairment of real estate assets	0	608,000
Amortization of financing costs	240,090	479,853
Amortization of above-market leases	0	42,064
Amortization of below-market leases	(54,890)	(60,203)
Straight-line rent adjustment	(252,759)	(231,577)
Changes in operating assets and liabilities:
Other assets	1,050,221	190,354
Accounts payable and accrued liabilities	(1,121,752)	(1,221,725)
Accrued real estate taxes	(61,038)	(607,773)
Net cash provided operating activities	928,817	2,374,943
Cash flows from investing activities:
Real estate acquisitions	(15,673,575)	(22,224,826)
Additions to buildings and tenant improvements	(2,107,505)	(1,597,186)
Investment in marketable securities	(1,762,095)	(3,819,882)
Proceeds from sale of marketable securities	2,363,063	2,380,476
Investment of SPAC IPO proceeds into Trust Account	(134,895,000)	0
Additions to deferred leasing costs	(70,889)	(117,062)
Proceeds from sales of real estate, net	25,768,334	49,583,445
Net cash (used in) provided by investing activities	(126,377,667)	24,204,965
Cash flows from financing activities:
Proceeds from mortgage notes payable, net of issuance costs	20,288,093	11,703,440
Repayment of mortgage notes payable	(11,958,568)	(43,069,312)
Repayment of note payable	0	(7,675,598)
Payment of deferred offering costs	(3,201,266)	(572,458)
Distributions to noncontrolling interests, net	(4,412,046)	(7,588,197)
Proceeds from initial public offering of SPAC	134,024,416	0
SPAC offering non-controlling interest adjustment	(1,774,416)	0
Issuance of Series A Common Stock, net of offering costs	0	8,871,879
Issuance of Series D Preferred Stock, net of offering costs	0	20,489,803
Dividends paid to Series D Preferred Stockholders	(2,152,741)	(994,263)
Dividends paid to Series A Common Stockholders	(3,114,456)	(4,473,399)
Net cash provided by (used in) financing activities	127,263,486	(23,418,736)
Net increase in cash, cash equivalents and restricted cash	1,814,636	3,161,172
Cash, cash equivalents and restricted cash - beginning of period	14,702,089	11,540,917
Cash, cash equivalents and restricted cash - end of period	16,516,725	14,702,089
Non-cash financing activities:
Unpaid deferred financing costs	0	15,449
Dividends payable - Preferred Stock Series D	178,511	179,685
Mortgage Notes [Member]
Supplemental disclosure of cash flow information:
Interest paid	4,110,288	4,320,174
Notes Payable [Member]
Supplemental disclosure of cash flow information:
Interest paid	0	103,861
Common Class A [Member]
Cash flows from financing activities:
Repurchase of Series A Common Stock, at cost	(313,389)	(110,631)
Series D Preferred Stock [Member]
Cash flows from financing activities:
Repurchase of Series D Preferred Stock, at cost	$ (122,141)	$ 0

Note 1 - Organization and Basis

Note 1 - Organization and Basis of Presentation	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. Organization . Presidio Property Trust, Inc. (“we”, “our”, “us” or the “Company”) is an internally-managed real estate investment trust (“REIT”), with holdings in office, industrial, retail and model home properties. We were incorporated in the State of California on September 28, 1999, August 2010, October 2017, commercial properties in fee interest, two The Company or one • The Company is the sole general partner and limited partner in two December 31, 2022 • The Company is the general and limited partner in five #202, #203, #204, #205, #206, The Company has determined that the limited partnerships in which it owns less than 100% Unit-based information used herein (such as references to square footage or property occupancy rates) is unaudited. We have elected to be taxed as a REIT under Sections 856 860 90% not We, together with one no Additional Offerings & Warrants 3 April 27, 2021. may one may 415 1933 July 12, 2021, 3 August 2021 five In connection with this additional offering, we agreed to issue the Placement Agent Warrants to purchase up to 80,000 shares (the “Placement Agent Warrants”) of Series A Common Stock, representing 4.0% of the Series A Common Stock and shares of Series A Common Stock issuable upon exercise of the Pre-Funded Warrants. The Placement Agent Warrants were issued in August 2021, five July 2021 11 September 14, 2021. The Company evaluated the accounting guidance in ASC 480 Distinguishing Liabilities from Equity 815 Derivatives and Hedging December 31, 2022 Preferred Stock Series D June 15, 2021, June 17, 2021, Warrant Dividend. January 2022, five January 21, 2022. January 24, 2022 January 14, 2022 January 21, 2022. five not 1/10 first Liquidity. may not may Short-term liquidity needs include paying our current operating costs, satisfying the debt service requirements of existing mortgages , completing tenant improvements, paying leasing commissions, and funding dividends to stockholders. Future principal payments due on mortgage notes payables, during the year ended December 31, 2023, , of which is related to model home properties. Management expects certain model home properties can be sold, and that the underlying mortgage notes will be paid off with sales proceeds while other mortgage notes can be refinanced, as the Company has historically been able to do in the past. Additional principal payments will be made with cash flows from ongoing operations. The mortgage note payable for 300 June 11, 2022. May 11, 2022 2. As the Company continues its operations, it may no not twelve Segments. The Company acquires and o 14. Customer Concentration. December 31, 2022 imately 8.0% of total rental income December 31, 2021 December 31, 2022, not approximately $1.1 million in a reserve account with our lender to cover future mortgage payments, if necessary, in connection with Halliburton's vacant space. This reserve amount is included in "C Our management team is working to fill the 45,535 square foot space as quickly as possible, and has leased approximately 20% January 2023.

Note 2 - Significant Accounting

Note 2 - Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. Basis of Presentation. Principles of Consolidation The condensed consolidated financial statements also include the accounts of (a) Murphy Canyon Acquisition Corp. ("Murphy Canyon"), which is a SPAC, for which we serve as the financial sponsor (as described below), and which is deemed to be controlled by us as a result of our 23.5% equity ownership stake, the overlap of three and significant influence and operati 2, The Company classifies the noncontrolling interests in the NetREIT Partnerships as part of consolidated net income (loss) in 2022 2021 February 2010. not Use of Estimates may Real Estate Assets and Lease Intangibles. The Company allocates the purchase price to tangible assets of an acquired property based on the estimated fair values of those tangible assets, assuming the property was vacant. Estimates of fair value for land, building and building improvements are based on many factors, including, but not third The value allocated to acquired lease intangibles is based on management’s evaluation of the specific characteristics of each tenant’s lease. Characteristics considered by management in allocating these values include, but are not The value allocable to the above-market or below-market component of an acquired in-place lease is determined based upon the present value (using a market discount rate) of the difference between (i) the contractual rents to be paid pursuant to the lease over its remaining term, and (ii) management’s estimate of rents that would be paid using fair market rates over the remaining term of the lease. The amounts allocated to above or below-market leases are amortized on a straight-line basis as an increase or reduction of rental income over the remaining non-cancelable term of the respective leases. Amortization of above and below-market rents resulted in a net increase in rental income of approximately $55,000 and $18,000 for the years ended December 31, 2022 and 2021 , respectively. The value of in-place leases and unamortized lease origination costs are amortized to expenses over the remaining term of the respective leases, which range from less than a year to ten third December 31, 2022 and 2021 , respectively. Real Estate Held for Sale and Discontinued Operations. one not Impairments of Real Estate Assets. We regularly review for impairment on a property-by-property basis. Impairment is recognized on a property held for use when the expected undiscounted cash flows for a property are less than the carrying amount at which time the property is written-down to fair value. The calculation of both discounted and undiscounted cash flows requires management to make estimates of future cash flows including but not may During the fourth 2020, third March 31, 2021. May 2021. December 31, 2021, 300 no December 31, 2022 . Intangible Assets . Intangible assets, including goodwill and lease intangibles, are comprised of finite-lived and indefinite-lived assets. Lease intangibles represents the allocation of a portion of the purchase price of a property acquisition representing the estimated value of in-place leases, unamortized lease origination costs, tenant relationships and land purchase options. Intangible assets that are not not not December 31, 2022 and 2021 and is included in depreciation and amortization in the accompanying consolidated statements of operation. The Company is required to perform a test for impairment of goodwill and other definite and indefinite lived assets at least annually, and more frequently as circumstances warrant. Impairment is recognized only if the carrying amount of the intangible asset is considered to be unrecoverable from its undiscounted cash flows and is measured as the difference between the carrying amount and the estimated fair value of the asset. No impairment was deemed to exist at December 31, 2022 2021 Depreciation and Amortization. December 31, 2022 2021 Cash, Cash Equivalents and Restricted Cash. December 31, 2022 December 31, 2021 three may $250,000 No December 31, 2022 December 31, 2022 December 31, 2021 December 31, 2021 Accounts Receivables. due from tenants and maintains an allowance for doubtful accounts for estimated losses resulting from the inability of tenants to make required payments under lease agreements. In addition, the Company maintains an allowance for deferred rent receivable that arises from straight lining of rents. The Company exercises judgment in establishing these allowances and considers payment history and current credit status of its tenants in developing these estimates. As of December 31, 2022 and 2021 , the balance of allowance for possible uncollectable tenant receivables included in other assets, net in the accompanying consolidated balance sheets was approximately $138,000 and $70,000, respectively. Deferred Leasing Costs. Costs incurred in connection with successful property leases are capitalized as deferred leasing costs and amortized to leasing commission expense on a straight-line basis over the terms of the related leases which generally range from one five third December 31, 2022 and 2021 , the Company had net deferred leasing costs of approximately $1.5 million and $1.3 million, respectively. Total amortization expense for the years ended December 31, 2022 and 2021 was approximately $0.4 million and $0.3 million, respectively. Deferred Financing Costs. Costs incurred, including legal fees, origination fees, and administrative fees, in connection with debt financing are capitalized as deferred financing costs, are amortized using the straight line method, which approximates the effective interest method, over the contractual term of the respective loans and recorded as an offset to the carrying value of the debt. At December 31, 2022 and 2021 , unamortized deferred financing costs related to mortgage notes payable were approximately $0.9 million and $0.6 million. For the years ended December 31, 2022 and 2021 , total amortization expense related to the mortgage notes payable deferred financing costs was approximately $0.2 million and $0.9 million, respectively. Amortization of deferred financing costs are included in interest expense in the accompanying consolidated statements of operations. Deferred Offering Costs. Deferred offering costs represent legal, accounting and other direct costs related to our offerings. December 31, 2022 December 31, 2021, December 31, 2021. December 31, 2022 December 31, 2022. December 31, 2022, Income Taxes. We have elected to be taxed as a REIT under Sections 856 860 not December 31, 2022 , we have estimated approximately $18.0 million of Federal net operating loss (NOLs) carryforwards to offset potential future federal tax obligations. We may not We, together with our subsidiary, NetREIT Dubose, have elected to treat such subsidiary as taxable REIT subsidiary (a “TRS”) for federal income tax purposes. Certain activities that we undertake must be conducted by a TRS, such as non-customary services for our tenants, and holding assets that we cannot hold directly. A TRS is subject to federal and state income taxes. The Company has concluded that there are no Fair Value Measurements • Level 1: • Level 2: not • Level 3: no When available, we utilize quoted market prices from independent third 1 2 . not not Additionally, in an inactive market, a market price quoted from an independent third may third not December 31, 2022 December 31, 2021 1 December 31, 2022 December 31, 2021 . Additionally, when determining the fair value of a liability in circumstances in which a quoted price in an active market for an identical liability is not may not Sales of Real Estate Assets January 1, 2018, 610 20, 610 20” not 610 20. ASC 610 20 der ASU No. 2014 9. 610 20, not Revenue Recognition and Accounts Receivables . We recognize minimum rent, including rental abatements, lease incentives and contractual fixed increases attributable to operating leases, on a straight-line basis over the term of the related leases when collectability is reasonably assured and record amounts expected to be received in later years as deferred rent receivable. If the lease provides for tenant improvements, we determine whether the tenant improvements, for accounting purposes, are owned by the tenant or by us. When we are the owner of the tenant improvements, rental revenue begins when the tenant takes possession or has control of the physical us not not • whether the lease stipulates how a tenant improvement allowance may • whether the amount of a tenant improvement allowance is in excess of market rates; • whether the tenant or landlord retains legal title to the improvements at the end of the lease term; • whether the tenant improvements are unique to the tenant or general-purpose in nature; and • whether the tenant improvements are expected to have any residual value at the end of the lease. We record property operating expense reimbursements due from tenants for common area maintenance, real estate taxes, and other recoverable costs in the period the related expenses are incurred. We make estimates of the collectability of our tenant receivables related to base rents, including deferred rent receivable, expense reimbursements and other revenue or income. We specifically analyze accounts receivable, deferred rent receivable, historical bad debts, customer creditworthiness, current economic trends and changes in customer payment terms when evaluating the adequacy of the allowance for doubtful accounts. In addition, with respect to tenants in bankruptcy, management makes estimates of the expected recovery of pre-petition and post-petition claims in assessing the estimated collectability of the related receivable. In some cases, the ultimate resolution of these claims can exceed one not no Variable Interest Entity. first We analyze any investments in VIEs to determine if we are the primary beneficiary. In evaluating whether we are the primary beneficiary, we evaluate our direct and indirect economic interests in the entity. A reporting entity is determined to be the primary beneficiary if it holds a controlling financial interest in the VIE. Determining which reporting entity, if any, has a controlling financial interest in a VIE is primarily a qualitative approach focused on identifying which reporting entity has both: (i) the power to direct the activities of a VIE that most significantly impact such entity’s economic performance; and (ii) the obligation to absorb losses or the right to receive benefits from such entity that could potentially be significant to such entity. Performance of that analysis requires the exercise of judgment. We consider a variety of factors in identifying the entity that holds the power to direct matters that most significantly impact the VIE’s economic performance, including, but not The Company is involved in the formation of an entity considered to be a VIE. The Company evaluates the consolidation of this entity as required pursuant to ASC Topic 810 not Following the completion of the Murphy Canyon IPO, we determined that Murphy Canyon is a VIE in which we have a variable interest because we participated in its formation and design, manage the significant activities, and Murphy Canyon does not not 480 10 S99 3A. losses of the entity, as well as the power to direct a majority of the activities that significantly impact Murphy Canyon's economic performance. Since we are the primary beneficiary, Murphy Canyon is consolidated into our consolidated financial statements. See Note 9 Shares Subject to Possible Redemption . The Company accounts for common stock issued by the SPAC (which is consolidated in our condensed consolidated financial statements), that is subject to possible redemption in accordance with the guidance in ASC Topic 480 480, not All of the Public Shares of Murphy Canyon SPAC (Class A Common Shares) contain a redemption feature which allows for the redemption of such Public Shares in connection with the SPAC's liquidation, if there is a stockholder vote or tender offer in connection with the SPAC's initial business combination and in connection with certain amendments to the SPAC's amended and restated certificate of incorporation. In accordance with SEC and its guidance on redeemable equity instruments, which has been codified in ASC 480 10 S99, not December 31, 2022 , the Public Shares are presented as temporary equity, outside the shareholder's equity section of the Company's December 31, 2022 consolidated balance sheet. Given that the Public Shares were issued with other freestanding instruments (i.e., public warrants which were classified as permanent equity as described below), the proceeds and initial carrying value of Class A common stock classified as temporary equity was allocated in accordance with ASC 470 20. 480 10 S99. December 31, 2022. 9 Warrant Instruments SPAC. The Company and Murphy Canyon account for warrants in accordance with the guidance contained in ASC 480 815, 815 40 840 no not no 9 Income (Loss) per Common Share. Basic income (loss) per common share (Basic EPS) is computed by dividing net income (loss) available to common shareholders (Numerator) by the weighted average number of common shares outstanding (Denominator) during the period. Diluted loss per common share (Diluted EPS) is similar to the computation of Basic EPS except that the Denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued. In addition, in computing the dilutive effect of convertible securities, the Numerator is adjusted to add back the after-tax amount of interest recognized in the period associated with any convertible debt. The computation of Diluted EPS does not December 31, 2022 and 2021 , the basic and diluted net loss per share are equivalent at $0.57 and $0.46 per share because the Company had incurred a net loss attributable to common stockholders causing any potentially dilutive securities to be anti-dilutive. Subsequent Events. Recently Issued and Adopted Accounting Pronouncements. June 2017, No. 2016 13, Financial Instruments Credit Losses, February 2020 No. 2020 02, Financial Instruments Credit Losses (Topic 326 842 2016 13 2016 13 2016 13 December 15, 2019, 2020 02 December 15, 2022. not January 1, 2023. In August 2020, No. 2020 06, Debt Debt with Conversion and Other Options (Subtopic 470 20 s Own Equity (Subtopic 815 40 no No. 2020 06 December 15, 2021, no December 15, 2020, no In March 2020, No. 2020 04 Reference Rate Reform (Topic 848 (“ASU 2020 04” not December 31, 2022 December 2022, No. 2022 06 Reference Rate Reform (Topic 848 848 (“ASU 2022 06” 848 December 31, 2022 December 31, 2024 no 848. 2020 04 March 31, 2020 no not 2022 06

Note 3 - Recent Real Estate Tra

Note 3 - Recent Real Estate Transactions	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Real Estate Disclosure [Text Block]	3. Acquisitions during the year ended December 31, 2022: • We acquired 31 Model Home Properties and leased them back to the homebuilders under triple net leases during the year ended December 31, 2022 Acquisitions during the year ended December 31, 2021: • On August 17, 2021, 1031 1986, 15 • On December 22, 2021, • We acquired 18 Model Home Properties and leased them back to the homebuilders under triple net leases during the year ended December 31, 2021 Dispositions during the year ended December 31, 2022: We review our portfolio of investment properties for value appreciation potential on an ongoing basis, and dispose of any properties that no During year ended December 31, 2022 • World Plaza, which was sold on March 11, 2022, • 31 Dispositions during the year ended December 31, 2021: During year ended December 31, 2021 • Waterman Plaza, which was sold on January 28, 2021, • Garden Gateway, which was sold on February 19, 2021, • Highland Court, which was sold on May 20, 2021, • Executive Office Park, which was sold on May 21, 2021, • 44 model homes for approximately $20.7 million and the Company recognized a gain of approximately $3.2 million.

Note 4 - Real Estate Assets

Note 4 - Real Estate Assets	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Real Estate Assets [Text Block]	4. The Company owns a diverse portfolio of real estate assets. The primary types of properties the Company invests in are office, industrial, retail, and triple-net leased model home properties. We have five commercial properties located in Colorado, four in North Dakota, one in Southern California, one in Texas and one in Maryland. Our model home properties are located in three states. As of December 31, 2022 • Eight office buildings and one industrial building (“Office/Industrial Properties”) which total approximately rentable 756,265 square feet; • Three retail shopping centers (“Retail Properties”) which total approximately 65,242 rentable square feet; • 92 homes owned by our affiliated limited partnerships and one A summary of the properties owned by the Company as of December 31, 2022 2021 Date Real estate assets, net Property Name Acquired Location December 31, 2022 December 31, 2021 World Plaza (1) September 2007 San Bernardino, CA $ — $ 9,272,213 Genesis Plaza (2) August 2010 San Diego, CA 7,995,980 8,310,803 Dakota Center May 2011 Fargo, ND 8,569,537 8,607,360 Grand Pacific Center (6) March 2014 Bismarck, ND 5,228,006 5,457,447 Arapahoe Center December 2014 Centennial, CO 8,664,604 8,821,278 Union Town Center December 2014 Colorado Springs, CO 9,039,039 9,169,387 West Fargo Industrial August 2015 Fargo, ND 6,893,292 7,025,325 300 N.P. August 2015 Fargo, ND 2,899,694 2,929,563 Research Parkway August 2015 Colorado Springs, CO 2,319,588 2,375,943 One Park Center August 2015 Westminster, CO 7,991,809 7,992,420 Shea Center II (5) December 2015 Highlands Ranch, CO 19,501,998 20,246,645 Mandolin (3) August 2021 Houston, TX 4,783,985 4,875,696 Baltimore December 2021 Baltimore, MD 8,690,874 8,891,810 Presidio Property Trust, Inc. properties 92,578,406 103,975,890 Model Home properties (4) 2017 2022 FL, TX, WI 37,933,824 34,089,046 Total real estate assets and lease intangibles, net $ 130,512,230 $ 138,064,936 ( 1 This property was sold during the year ended December 31, 2022 ( 2 Genesis Plaza is owned by two tenants-in-common, each of which own 57% and 43%, respectively, and we beneficially own an aggregate of 76.4%, based on our ownership percentages of each tenant-in-common. ( 3 A portion of the proceeds from the sale of Highland Court were used in like-kind exchange transactions pursued under Section 1031 ( 4 Includes six December 31, 2022 ( 5 On December 31, 2022, not approximately $1.1 million in a reserve account with our lender to cover future mortgage payments, if necessary. Our management team is working to fill the 45,535 square foot space as quickly as possible, and has already leased approximately 20% January 2023. ( 6 Grand Pacific Center, Bismarck, ND, was removed from held for sale after signing a major lease with KLJ Engineering on December 7, 2022 122 November 1, 2023 March 1, 2024.

Note 5 - Lease Intangibles

Note 5 - Lease Intangibles	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	5. The following table summarizes the net value of other intangible assets acquired and the accumulated amortization for each class of intangible asset: December 31, 2022 December 31, 2021 Lease Intangibles Accumulated Amortization Lease Intangibles, net Lease Intangibles Accumulated Amortization Lease Intangibles, net In-place leases $ 2,515,264 $ (2,485,234 ) $ 30,030 $ 2,515,264 $ (2,353,782 ) $ 161,482 Leasing costs 1,261,390 (1,236,591 ) 24,799 1,261,390 (1,165,701 ) 95,689 Above-market leases 333,485 (333,485 ) — 333,485 (333,485 ) — $ 4,110,139 $ (4,055,310 ) $ 54,829 $ 4,110,139 $ (3,852,968 ) $ 257,171 At December 31, 2022 2021 The net value of acquired intangible liabilities was approximately $18,240 and $73,130 relating to below-market leases at December 31, 2022 December 31, 2021, Future aggregate approximate amortization expense for the Company's lease intangible assets is as follows: 2023 $ 17,526 2024 17,526 2025 15,670 2026 4,107 2027 — Thereafter — Total $ 54,829

Note 6 - Other Assets

Note 6 - Other Assets	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Other Assets Disclosure [Text Block]	6. Other assets consist of the following: December 31, December 31, 2022 2021 Deferred rent receivable $ 1,641,831 $ 1,660,197 Prepaid expenses, deposits and other 619,621 473,554 Investment in marketable securities 797,749 1,514,483 Accounts receivable, net 67,780 401,927 Right-of-use assets, net 45,843 74,643 Other intangibles, net 22,483 82,483 Notes receivable 316,374 316,374 Deferred offering costs - 134,843 Total other assets $ 3,511,681 $ 4,658,504 Periodically, the Company may third not 815 not may no may As of December 31, 2022 three December 31, 2022 December 31, 2022 December 31, 2021 ten December 31, 2021 December 31, 2021

Note 7 - Mortgage Notes Payable

Note 7 - Mortgage Notes Payable	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Mortgage Notes Payable Disclosure [Text Block]	7. Mortgage notes payable consist of the following: Principal as of December 31, December 31, Loan Interest Mortgage note property 2022 2021 Type Rate (1) Maturity 300 N.P. (2) - 2,232,923 Fixed 4.95 % 6/11/2022 Dakota Center 9,442,976 9,677,108 Fixed 4.74 % 7/6/2024 Research Parkway 1,648,237 1,705,438 Fixed 3.94 % 1/5/2025 Arapahoe Service Center 7,602,273 7,770,887 Fixed 4.34 % 1/5/2025 Union Town Center 8,025,300 8,173,568 Fixed 4.28 % 1/5/2025 One Park Centre 6,163,177 6,276,849 Fixed 4.77 % 9/5/2025 Genesis Plaza 6,055,682 6,168,604 Fixed 4.71 % 9/6/2025 Shea Center II 17,229,573 17,494,527 Fixed 4.92 % 1/5/2026 West Fargo Industrial (6) 4,030,297 4,148,405 Fixed 3.27 % 8/5/2029 Grand Pacific Center (3) 3,496,330 3,619,695 Fixed 4.02 % 8/1/2037 Baltimore 5,670,000 — Fixed 4.67 % 4/6/2032 Mandolin 3,635,362 — Fixed 4.35 % 4/20/2029 Subtotal, Presidio Property Trust, Inc. Properties $ 72,999,207 $ 67,268,004 Model Home mortgage notes (4) (5) 24,752,448 22,154,128 Fixed 2022 2025 Mortgage Notes Payable $ 97,751,655 $ 89,422,132 Unamortized loan costs (852,956 ) (562,300 ) Mortgage Notes Payable, net $ 96,898,699 $ 88,859,832 ( 1 Interest rates as of December 31, 2022 ( 2 The mortgage note payable for 300 June 11, 2022. May 11, 2022 ( 3 Interest rate is subject to possible reset on September 1, 2023. may, not sixty 60 September 1, 2023 September 1, 2030 seven no ( 4 As of December 31, 2022, ( 5 Our model homes have stand-alone mortgage notes at interest rates ranging from 2.50% to 6.70% per annum as of December 31, 2022 ( 6 The lender may, not sixty 60 August 5, 2023 August 5, 2026, three no The Company is in compliance with all material conditions and covenants of its mortgage notes payable. Scheduled principal payments of mortgage notes payable were as follows as of December 31, 2022 Presidio Property Model Trust, Inc. Homes Total Principal Years ending December 31: Notes Payable Notes Payable Payments 2023 $ 1,470,877 $ 6,799,272 $ 8,270,149 2024 10,453,347 10,694,954 21,148,301 2025 28,851,691 7,258,222 36,109,913 2026 16,717,516 — 16,717,516 2027 364,407 — 364,407 Thereafter 15,141,369 — 15,141,369 Total $ 72,999,207 $ 24,752,448 $ 97,751,655

Note 8 - Notes Payable

Note 8 - Notes Payable	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	8. On April 22, 2020, 19 not no 2020. August 17, 2020, twelve accrues at 3.75% August 17, 2050. 19 As of December 31, 2022, six 202 204 six September 3, 2021 December 15, 2022, 12 On August 17, 2021, August 17, 2022. April 2022, third On December 20, 2021, ore property in Baltimore, Maryland, for $5.65 million with an interest rate of 4.5% per annum and a maturity date of December 20, 2022. March 2022, third

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	9. The Company is obligated under certain tenant leases to fund tenant improvements and the expansion of the underlying leased properties. Litigation. may Environmental Matters. no not not mental liability with respect to the properties that would have a material effect on the Company’s financial condition, results of operations and cash flow. Further, the Company is not Financial Markets. 19 may may not Sponsorship of Special Purpose Acquisition Company January 7, 2022, urphy Canyon”), was declared effective by the Securities and Exchange Commission (the “SEC”) on February 2, 2022 one February 3, 2022. February 7, 2022, We, through our wholly-owned subsidiary, owned approximately 23.5% of the issued and outstanding stock in the entity upon the initial public offering being declared effective and consummated (excluding the private placement units described below). Following the completion of its initial public offering, the SPAC has operated as a separately managed, publicly traded entity. The SPAC offered 132,250,000 units, with each unit consisting of one share of common stock and three-quarters of one 480 On November 8, 2022, Initially, the SPAC was required to complete its initial business combination transaction by 12 18 January 26, 2023, 12 one February 7, 2023, February 7, 2024. one one third 1% February 2023. On March 3, 2023 may

Note 10 - Stockholders' Equity

Note 10 - Stockholders' Equity	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	10. Preferred Stock. may one On June 15, 2021, June 17, 2021, Dividends: Holders of shares of the Series D Preferred Stock are entitled to receive cumulative cash dividends at a rate of 9.375% per annum of the $25.00 per share liquidation preference (equivalent to $2.34375 per annum per share). Dividends will be payable monthly on the 15th not may Voting Rights: Holders of shares of the Series D Preferred Stock will generally have no not eighteen not may two In addition, the affirmative vote of the holders of at least two may Liquidation Preference In the event of the Company’s voluntary or involuntary liquidation, dissolution or winding up, the holders of shares of Series D Preferred Stock will be entitled to be paid out of the assets the Company has legally available for distribution to its stockholders, subject to the preferential rights of the holders of any class or series of its stock the Company may $25.00 not may In the event that, upon any such voluntary or involuntary liquidation, dissolution or winding up, the Company’s available assets are insufficient to pay the amount of the liquidating distributions on all outstanding shares of Series D Preferred Stock and the corresponding amounts payable on all shares of other classes or series of the Company’s stock that it issues ranking on parity with the Series D Preferred Stock in the distribution of assets, then the holders of the Series D Preferred Stock and all other such classes or series of stock shall share ratably in any such distribution of assets in proportion to the full liquidating distributions to which they would otherwise be respectively entitled. Redemption: Commencing on or after June 15, 2026, may not June 15, 2026, may $25.00 not no not not In accordance with the terms of the Series D Preferred Stock, the Series D monthly dividend has been approved by the Board of Directors through Decemb er 2022 15th December 31, 2022 and 2021 Common Stock. The Company is authorized to issue up to 100,000,000 shares of Series A Common Stock, 1,000 shares of Series B Common Stock, and 9,000,000 shares of Series C Common Stock (collectively, the "Common Stock") each with $0.01 par value per share. Each class of Common Stock has identical rights, preferences, terms, and conditions except that the holders of Series B Common Stock are not one not not one On July 12, 2021, August 2021 five August 2021, five The Company evaluated the accounting guidance in ASC 480 815 December 31, 2022 , none Stock Repurchase Program . September 17, 2021, to $10 million of outstanding shares of our Series A Common Stock, which expired in September 2022. September 15, 2022, December 31, 2021, December 31, 2022 , the Company repurchased 196,631 shares of our Series A Common Stock at an average price of approximately $1.59 per share, including a commission of $0.035 per share, and 6,013 shares of our Series D Preferred Stock at an average price of approximately $20.31 per share, including a commission of $0.035 per share, for a total cost of $313,578 for the Series A Common Stock and $122,141 for the Series D Preferred Stock. The repurchased shares will be treated as authorized and unissued in accordance with Maryland law and shown as a reduction of stockholders' equity at cost. While we will continue to pursue value creating investments, the Board of Directors believes there is significant embedded value in our assets that is yet to be realized by the market. Therefore, returning capital to stockholders through a repurchase program is an attractive use of capital currently. Cash Dividends. For the years ended December 31, 2022 and December 31, 2021 the Company declared and paid Series A Common Stock cash dividends of approximately $3.1 million and $4.5 million, respectively. For the years ended December 31, 2022 and December 31, 2021 the Company declared and paid Series D Preferred Stock cash dividends of approximately $2.2 million and $1.2 million, respectively. The following is a summary of distributions declared per share of our Series A Common Stock and for our Series D Preferred Stock for the years ended December 31, 2022 and 2021 . The Company intends to continue to pay dividends to our common stockholders on a quarterly basis, and on a monthly basis to holders of our Series D Preferred Stock going forward, but there can be no December 31, 2022 and December 31, 2021 Series A Common Stock Quarter Ended 2022 2021 Distributions Declared Distributions Declared March 31 $ 0.105 $ 0.101 June 30 0.106 0.102 September 30 0.020 0.103 December 31 0.021 0.104 Total $ 0.252 $ 0.410 Series D Preferred Stock Month 2022 2021 Distributions Declared Distributions Declared January $ 0.19531 $ — February 0.19531 — March 0.19531 — April 0.19531 — May 0.19531 — June 0.19531 0.10417 July 0.19531 0.19531 August 0.19531 0.19531 September 0.19531 0.19531 October 0.19531 0.19531 November 0.19531 0.19531 December 31 0.19531 0.19531 Total $ 2.34372 $ 1.27603 Partnership Interests. 12 two five first five one Warrant Dividend. January 2022, January 21, 2022. January 24, 2022 January 14, 2022 January 21, 2022. one five not 1/10 Dividend Reinvestment Plan. may thirty January 23, 2012, December 7, 2018 October 6, 2020 December 31, 2022 no 2018.

Note 11 - Share-based Incentive

Note 11 - Share-based Incentive Plan	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	11. The Company maintains a restricted stock incentive plan for the purpose of attracting and retaining officers, employees, and non-employee board members. Share awards generally vest in equal annual installments over a three ten May 26, 2022, 2017 A summary of the activity for the Company’s restricted stock was as follows: Outstanding shares: Common Shares Balance at December 31, 2021 295,471 Granted 407,245 Forfeited (57,371 ) Vested (296,303 ) Balance at December 31, 2022 349,042 The non-vested restricted shares outstanding as of December 31, 2022 will vest over the next one five Share-based compensation expense for the years ended December 31, 2022 and 2021 was approximately $1.2 million and , respectively. As of December 31, 2022 and 2021 , future unrecognized stock compensation related to unvested shares totaled approximately $1.5 million and $1.6 million, respectively.

Note 12 - Segments

Note 12 - Segments	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	12. The Company’s reportable segments consist of three not no The Company evaluates the performance of its segments based upon net operating income (“NOI”), which is a non-GAAP supplemental financial measure. The Company defines NOI for its segments as operating revenues (rental income, tenant reimbursements and other operating income) less property and related expenses (property operating expenses, real estate taxes, insurance, asset management fees, impairments and provision for bad debt). NOI excludes certain items that are not The Company evaluates the performance of its segments based upon net operating income (“NOI”), which is a non-GAAP supplemental financial measure. The Company defines NOI for its segments as operating revenues (rental income, tenant reimbursements and other operating income) less property and related expenses (property operating expenses, real estate taxes, insurance, asset management fees, impairments and provision for bad debt) excluding interest expense. NOI excludes certain items that are not The following tables compare the Company’s segment activity to its results of operations and financial position as of and for the years ended December 31, 2022 2021 Year Ended December 31, 2022 2021 Office/Industrial Properties: Rental, fees and other income $ 12,702,986 $ 13,161,268 Property and related expenses (5,148,110 ) (5,769,843 ) Net operating income, as defined 7,554,876 7,391,425 Model Home Properties: Rental, fees and other income 2,909,871 3,211,149 Property and related expenses (102,660 ) (129,389 ) Net operating income, as defined 2,807,211 3,081,760 Retail Properties: Rental, fees and other income 2,224,479 3,023,316 Property and related expenses (663,681 ) (1,056,581 ) Net operating income, as defined 1,560,798 1,966,735 Reconciliation to net income (loss): Total net operating income, as defined, for reportable segments 11,922,885 12,439,920 General and administrative expenses (6,163,816 ) (6,225,510 ) Depreciation and amortization (5,465,015 ) (5,397,498 ) Interest expense (4,712,487 ) (4,822,085 ) Gain on extinguishment of government debt — 10,000 Other income (expense), net 2,039,922 (3,417 ) Income tax expense (1,215,873 ) 47,620 Gain on sale of real estate 5,079,912 2,487,528 Net income (loss) $ 1,485,528 $ (1,463,442 ) December 31, December 31, Assets by Reportable Segment: 2022 2021 Office/Industrial Properties: Land, buildings and improvements, net (1) $ 76,400,983 $ 78,240,086 Total assets (2) $ 79,057,998 $ 76,453,436 Model Home Properties: Land, buildings and improvements, net (1) $ 37,933,824 $ 34,089,046 Total assets (2) $ 35,274,545 $ 31,047,202 Retail Properties: Land, buildings and improvements, net (1) $ 16,142,613 $ 25,693,239 Total assets (2) $ 16,810,627 $ 27,579,469 Reconciliation to Total Assets: Total assets for reportable segments $ 131,143,170 $ 135,080,107 Other unallocated assets: Cash, cash equivalents and restricted cash 8,570,121 6,738,345 Other assets, net 151,638,363 19,378,311 Total Assets $ 291,351,654 $ 161,196,763 ( 1 Includes lease intangibles and the land purchase option related to property acquisitions. ( 2 Includes land, buildings and improvements, cash, cash equivalents, and restricted cash, current receivables, deferred rent receivables and deferred leasing costs and other related intangible assets, all shown on a net basis. For the Year Ended December 31, Capital Expenditures by Reportable Segment 2022 2021 Office/Industrial Properties: Acquisition of operating properties $ — $ 8,891,810 Capital expenditures and tenant improvements 1,994,371 1,513,362 Model Home Properties: Acquisition of operating properties 15,673,575 8,426,750 Retail Properties: Acquisition of operating properties — 4,906,266 Capital expenditures and tenant improvements 113,134 83,824 Totals: Acquisition of operating properties, net 15,673,575 22,224,826 Capital expenditures and tenant improvements 2,107,505 1,597,186 Total real estate investments $ 17,781,080 $ 23,822,012

Note 13 - Subsequent Events

Note 13 - Subsequent Events	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Subsequent Events [Text Block]	13. Sponsorship of Special Purpose Acquisition Company and Trust Extension Initially, the SPAC was required to complete its initial business combination transaction by 12 18 January 26, 2023, 12 one February 7, 2023, February 7, 2024. one one third 1% may not On March 3, 2023 may On March 7, 2023, March 7, 2023 $300,000

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation and Amortization	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Text Block]	Schedule III - Real Estate and Accumulated Depreciation and Amortization – as of December 31, 2022 All amounts are in thousands Initial Cost Total Cost (1 ) Property Name/ Location Encumbrances Land Cost Building & Improvements Acquisition Price Capitalized Improvements Land Cost Building & Improvements Total Cost Accumulated Depreciation & Amortization Reserve for Impairment NBV Real Estate Date Acquired Year Built/ Renovated Genesis Plaza, San Diego, CA $ 6,056 $ 1,400 $ 8,600 $ 10,000 $ 2,976 $ 1,400 $ 11,576 $ 12,976 $ 4,980 $ — $ 7,996 08/10 1989 Dakota Center, Fargo, ND 9,443 832 8,743 9,575 3,199 832 11,942 12,774 4,205 — 8,570 05/11 1982 Grand Pacific Center, Bismarck, ND 3,496 413 4,926 5,339 2,165 413 7,091 7,504 2,276 — 5,228 03/14 1976 Arapahoe Center, Centennial, CO 7,602 1,420 10,430 11,850 675 1,420 11,105 12,525 3,860 — 8,665 12/14 2000 West Fargo Industrial, Fargo, ND 4,030 1,693 6,207 7,900 462 1,693 6,669 8,362 1,469 — 6,893 08/15 1998/2005 300 N.P., Fargo, ND — 135 3,715 3,850 363 135 4,078 4,213 1,006 308.0 2,899 08/15 1922 One Park Centre, Westminster, CO 6,163 1,206 7,944 9,150 1,927 1,206 9,871 11,077 3,085 — 7,992 08/15 1983 Shea Center II, Highlands Ranch, CO 17,230 2,214 23,747 25,961 2,754 2,214 26,501 28,715 9,213 — 19,502 12/15 2000 McElderry, Baltimore, MD 5,670 215 8,677 8,892 29 215 8,705 8,920 230 8,691 12/20 2006 Total Office/ Industrial properties 59,690 9,528 82,989 92,517 14,551 9,528 97,539 107,067 30,323 308.0 76,436 Union Town Center, Colorado Springs, CO 8,025 1,750 9,462 11,212 174 1,750 9,636 11,386 2,347 — 9,039 12/14 2003 Research Parkway, Colorado Springs, CO 1,648 408 2,442 2,850 (44 ) 408 2,398 2,806 486 — 2,320 08/16 2003 Mandolin, Houston, TX 3,635 1,330 3,562 4,892 15 1,330 3,577 4,907 122 — 4,784 08/21 2021 Total Retail properties 13,309 3,488 15,466 18,954 145 3,488 15,611 19,099 2,955 — 16,143 Model Homes-DMH LP #202 178 189 918 1,107 — 189 918 1,107 113 — 994 2017 2018 2017 2018 Model Homes-DMH LP #203 1,870 564 2,490 3,055 — 564 2,490 3,055 247 — 2,808 2017 2019 2017 2019 Model Homes-DMH LP #204 1,169 542 2,799 3,340 — 542 2,799 3,340 251 — 3,089 2018 2020 2018 2020 Model Homes-DMH LP #205 3,655 1,115 4,719 5,834 — 1,115 4,719 5,834 371 — 5,463 2019 2020 2019 2020 Model Homes-DMH LP #206 1,471 289 2,002 2,292 — 289 2,002 2,292 107 — 2,184 2020 2021 2020 2021 Model Homes-NMH Inc. 16,410 3,475 20,357 23,831 — 3,475 20,357 23,831 436 — 23,396 2018 2022 2018 2022 Total Model Home properties 24,752 6,174 33,285 39,459 — 6,174 33,285 39,459 1,525 — 37,934 CONSOLIDATED TOTALS: $ 97,752 $ 19,190 $ 131,739 $ 150,930 $ 14,695 $ 19,190 $ 146,435 $ 165,625 $ 34,804 $ 308 $ 130,513 (1) Depreciation is computed on a straight-line basis using useful lives up to 39 years. Presidio Property Trust, Inc. and Subsidiaries Schedule III - Real Estate and Accumulated Depreciation and Amortization (continued) – as of December 31, 2022 For the Year Ended December 31, 2022 2021 Real estate Balance at the beginning of the year $ 171,013,693 $ 208,641,166 Acquisitions 15,673,575 22,224,826 Improvements 2,107,503 1,598,105 Impairments - (608,000 ) Dispositions of real estate (23,478,763 ) (60,842,404 ) Balance at the end of the year $ 165,316,008 $ 171,013,693 Accumulated depreciation and amortization Balance at the beginning of the year $ (32,948,757 ) $ (42,387,199 ) Depreciation and amortization expense (5,015,491 ) (5,029,579 ) Dispositions of real estate 3,160,470 14,468,021 Balance at the end of the year $ (34,803,778 ) $ (32,948,757 ) Real estate assets, net $ 130,512,230 $ 138,064,936

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The condensed consolidated financial statements also include the accounts of (a) Murphy Canyon Acquisition Corp. ("Murphy Canyon"), which is a SPAC, for which we serve as the financial sponsor (as described below), and which is deemed to be controlled by us as a result of our 23.5% equity ownership stake, the overlap of three and significant influence and operati 2, The Company classifies the noncontrolling interests in the NetREIT Partnerships as part of consolidated net income (loss) in 2022 2021 February 2010. not
Use of Estimates, Policy [Policy Text Block]	Use of Estimates may
Real Estate, Policy [Policy Text Block]	Real Estate Assets and Lease Intangibles. The Company allocates the purchase price to tangible assets of an acquired property based on the estimated fair values of those tangible assets, assuming the property was vacant. Estimates of fair value for land, building and building improvements are based on many factors, including, but not third The value allocated to acquired lease intangibles is based on management’s evaluation of the specific characteristics of each tenant’s lease. Characteristics considered by management in allocating these values include, but are not The value allocable to the above-market or below-market component of an acquired in-place lease is determined based upon the present value (using a market discount rate) of the difference between (i) the contractual rents to be paid pursuant to the lease over its remaining term, and (ii) management’s estimate of rents that would be paid using fair market rates over the remaining term of the lease. The amounts allocated to above or below-market leases are amortized on a straight-line basis as an increase or reduction of rental income over the remaining non-cancelable term of the respective leases. Amortization of above and below-market rents resulted in a net increase in rental income of approximately $55,000 and $18,000 for the years ended December 31, 2022 and 2021 , respectively. The value of in-place leases and unamortized lease origination costs are amortized to expenses over the remaining term of the respective leases, which range from less than a year to ten third December 31, 2022 and 2021 , respectively.
Real Estate Held for Development and Sale, Policy [Policy Text Block]	Real Estate Held for Sale and Discontinued Operations. one not
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairments of Real Estate Assets. We regularly review for impairment on a property-by-property basis. Impairment is recognized on a property held for use when the expected undiscounted cash flows for a property are less than the carrying amount at which time the property is written-down to fair value. The calculation of both discounted and undiscounted cash flows requires management to make estimates of future cash flows including but not may During the fourth 2020, third March 31, 2021. May 2021. December 31, 2021, 300 no December 31, 2022 .
Intangible Assets, Finite-Lived, Policy [Policy Text Block]	Intangible Assets . Intangible assets, including goodwill and lease intangibles, are comprised of finite-lived and indefinite-lived assets. Lease intangibles represents the allocation of a portion of the purchase price of a property acquisition representing the estimated value of in-place leases, unamortized lease origination costs, tenant relationships and land purchase options. Intangible assets that are not not not December 31, 2022 and 2021 and is included in depreciation and amortization in the accompanying consolidated statements of operation. The Company is required to perform a test for impairment of goodwill and other definite and indefinite lived assets at least annually, and more frequently as circumstances warrant. Impairment is recognized only if the carrying amount of the intangible asset is considered to be unrecoverable from its undiscounted cash flows and is measured as the difference between the carrying amount and the estimated fair value of the asset. No impairment was deemed to exist at December 31, 2022 2021
Depreciation, Depletion, and Amortization [Policy Text Block]	Depreciation and Amortization. December 31, 2022 2021
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Cash, Cash Equivalents and Restricted Cash. December 31, 2022 December 31, 2021 three may $250,000 No December 31, 2022 December 31, 2022 December 31, 2021 December 31, 2021
Receivable [Policy Text Block]	Accounts Receivables. due from tenants and maintains an allowance for doubtful accounts for estimated losses resulting from the inability of tenants to make required payments under lease agreements. In addition, the Company maintains an allowance for deferred rent receivable that arises from straight lining of rents. The Company exercises judgment in establishing these allowances and considers payment history and current credit status of its tenants in developing these estimates. As of December 31, 2022 and 2021 , the balance of allowance for possible uncollectable tenant receivables included in other assets, net in the accompanying consolidated balance sheets was approximately $138,000 and $70,000, respectively.
Deferred Charges, Policy [Policy Text Block]	Deferred Leasing Costs. Costs incurred in connection with successful property leases are capitalized as deferred leasing costs and amortized to leasing commission expense on a straight-line basis over the terms of the related leases which generally range from one five third December 31, 2022 and 2021 , the Company had net deferred leasing costs of approximately $1.5 million and $1.3 million, respectively. Total amortization expense for the years ended December 31, 2022 and 2021 was approximately $0.4 million and $0.3 million, respectively. Deferred Financing Costs. Costs incurred, including legal fees, origination fees, and administrative fees, in connection with debt financing are capitalized as deferred financing costs, are amortized using the straight line method, which approximates the effective interest method, over the contractual term of the respective loans and recorded as an offset to the carrying value of the debt. At December 31, 2022 and 2021 , unamortized deferred financing costs related to mortgage notes payable were approximately $0.9 million and $0.6 million. For the years ended December 31, 2022 and 2021 , total amortization expense related to the mortgage notes payable deferred financing costs was approximately $0.2 million and $0.9 million, respectively. Amortization of deferred financing costs are included in interest expense in the accompanying consolidated statements of operations. Deferred Offering Costs. Deferred offering costs represent legal, accounting and other direct costs related to our offerings. December 31, 2022 December 31, 2021, December 31, 2021. December 31, 2022 December 31, 2022. December 31, 2022,
Income Tax, Policy [Policy Text Block]	Income Taxes. We have elected to be taxed as a REIT under Sections 856 860 not December 31, 2022 , we have estimated approximately $18.0 million of Federal net operating loss (NOLs) carryforwards to offset potential future federal tax obligations. We may not We, together with our subsidiary, NetREIT Dubose, have elected to treat such subsidiary as taxable REIT subsidiary (a “TRS”) for federal income tax purposes. Certain activities that we undertake must be conducted by a TRS, such as non-customary services for our tenants, and holding assets that we cannot hold directly. A TRS is subject to federal and state income taxes. The Company has concluded that there are no
Fair Value Measurement, Policy [Policy Text Block]	Fair Value Measurements • Level 1: • Level 2: not • Level 3: no When available, we utilize quoted market prices from independent third 1 2 . not not Additionally, in an inactive market, a market price quoted from an independent third may third not December 31, 2022 December 31, 2021 1 December 31, 2022 December 31, 2021 . Additionally, when determining the fair value of a liability in circumstances in which a quoted price in an active market for an identical liability is not may not
Revenue [Policy Text Block]	Sales of Real Estate Assets January 1, 2018, 610 20, 610 20” not 610 20. ASC 610 20 der ASU No. 2014 9. 610 20, not Revenue Recognition and Accounts Receivables . We recognize minimum rent, including rental abatements, lease incentives and contractual fixed increases attributable to operating leases, on a straight-line basis over the term of the related leases when collectability is reasonably assured and record amounts expected to be received in later years as deferred rent receivable. If the lease provides for tenant improvements, we determine whether the tenant improvements, for accounting purposes, are owned by the tenant or by us. When we are the owner of the tenant improvements, rental revenue begins when the tenant takes possession or has control of the physical us not not • whether the lease stipulates how a tenant improvement allowance may • whether the amount of a tenant improvement allowance is in excess of market rates; • whether the tenant or landlord retains legal title to the improvements at the end of the lease term; • whether the tenant improvements are unique to the tenant or general-purpose in nature; and • whether the tenant improvements are expected to have any residual value at the end of the lease. We record property operating expense reimbursements due from tenants for common area maintenance, real estate taxes, and other recoverable costs in the period the related expenses are incurred. We make estimates of the collectability of our tenant receivables related to base rents, including deferred rent receivable, expense reimbursements and other revenue or income. We specifically analyze accounts receivable, deferred rent receivable, historical bad debts, customer creditworthiness, current economic trends and changes in customer payment terms when evaluating the adequacy of the allowance for doubtful accounts. In addition, with respect to tenants in bankruptcy, management makes estimates of the expected recovery of pre-petition and post-petition claims in assessing the estimated collectability of the related receivable. In some cases, the ultimate resolution of these claims can exceed one not no
Consolidation, Variable Interest Entity, Policy [Policy Text Block]	Variable Interest Entity. first We analyze any investments in VIEs to determine if we are the primary beneficiary. In evaluating whether we are the primary beneficiary, we evaluate our direct and indirect economic interests in the entity. A reporting entity is determined to be the primary beneficiary if it holds a controlling financial interest in the VIE. Determining which reporting entity, if any, has a controlling financial interest in a VIE is primarily a qualitative approach focused on identifying which reporting entity has both: (i) the power to direct the activities of a VIE that most significantly impact such entity’s economic performance; and (ii) the obligation to absorb losses or the right to receive benefits from such entity that could potentially be significant to such entity. Performance of that analysis requires the exercise of judgment. We consider a variety of factors in identifying the entity that holds the power to direct matters that most significantly impact the VIE’s economic performance, including, but not The Company is involved in the formation of an entity considered to be a VIE. The Company evaluates the consolidation of this entity as required pursuant to ASC Topic 810 not Following the completion of the Murphy Canyon IPO, we determined that Murphy Canyon is a VIE in which we have a variable interest because we participated in its formation and design, manage the significant activities, and Murphy Canyon does not not 480 10 S99 3A. losses of the entity, as well as the power to direct a majority of the activities that significantly impact Murphy Canyon's economic performance. Since we are the primary beneficiary, Murphy Canyon is consolidated into our consolidated financial statements. See Note 9
Shares Subject to Mandatory Redemption, Changes in Redemption Value, Policy [Policy Text Block]	Shares Subject to Possible Redemption . The Company accounts for common stock issued by the SPAC (which is consolidated in our condensed consolidated financial statements), that is subject to possible redemption in accordance with the guidance in ASC Topic 480 480, not All of the Public Shares of Murphy Canyon SPAC (Class A Common Shares) contain a redemption feature which allows for the redemption of such Public Shares in connection with the SPAC's liquidation, if there is a stockholder vote or tender offer in connection with the SPAC's initial business combination and in connection with certain amendments to the SPAC's amended and restated certificate of incorporation. In accordance with SEC and its guidance on redeemable equity instruments, which has been codified in ASC 480 10 S99, not December 31, 2022 , the Public Shares are presented as temporary equity, outside the shareholder's equity section of the Company's December 31, 2022 consolidated balance sheet. Given that the Public Shares were issued with other freestanding instruments (i.e., public warrants which were classified as permanent equity as described below), the proceeds and initial carrying value of Class A common stock classified as temporary equity was allocated in accordance with ASC 470 20. 480 10 S99. December 31, 2022. 9
Derivatives, Policy [Policy Text Block]	Warrant Instruments SPAC. The Company and Murphy Canyon account for warrants in accordance with the guidance contained in ASC 480 815, 815 40 840 no not no 9
Earnings Per Share, Policy [Policy Text Block]	Income (Loss) per Common Share. Basic income (loss) per common share (Basic EPS) is computed by dividing net income (loss) available to common shareholders (Numerator) by the weighted average number of common shares outstanding (Denominator) during the period. Diluted loss per common share (Diluted EPS) is similar to the computation of Basic EPS except that the Denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued. In addition, in computing the dilutive effect of convertible securities, the Numerator is adjusted to add back the after-tax amount of interest recognized in the period associated with any convertible debt. The computation of Diluted EPS does not December 31, 2022 and 2021 , the basic and diluted net loss per share are equivalent at $0.57 and $0.46 per share because the Company had incurred a net loss attributable to common stockholders causing any potentially dilutive securities to be anti-dilutive.
Subsequent Events, Policy [Policy Text Block]	Subsequent Events.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued and Adopted Accounting Pronouncements. June 2017, No. 2016 13, Financial Instruments Credit Losses, February 2020 No. 2020 02, Financial Instruments Credit Losses (Topic 326 842 2016 13 2016 13 2016 13 December 15, 2019, 2020 02 December 15, 2022. not January 1, 2023. In August 2020, No. 2020 06, Debt Debt with Conversion and Other Options (Subtopic 470 20 s Own Equity (Subtopic 815 40 no No. 2020 06 December 15, 2021, no December 15, 2020, no In March 2020, No. 2020 04 Reference Rate Reform (Topic 848 (“ASU 2020 04” not December 31, 2022 December 2022, No. 2022 06 Reference Rate Reform (Topic 848 848 (“ASU 2022 06” 848 December 31, 2022 December 31, 2024 no 848. 2020 04 March 31, 2020 no not 2022 06

Note 4 - Real Estate Assets (Ta

Note 4 - Real Estate Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Real Estate Properties [Table Text Block]	Date Real estate assets, net Property Name Acquired Location December 31, 2022 December 31, 2021 World Plaza (1) September 2007 San Bernardino, CA $ — $ 9,272,213 Genesis Plaza (2) August 2010 San Diego, CA 7,995,980 8,310,803 Dakota Center May 2011 Fargo, ND 8,569,537 8,607,360 Grand Pacific Center (6) March 2014 Bismarck, ND 5,228,006 5,457,447 Arapahoe Center December 2014 Centennial, CO 8,664,604 8,821,278 Union Town Center December 2014 Colorado Springs, CO 9,039,039 9,169,387 West Fargo Industrial August 2015 Fargo, ND 6,893,292 7,025,325 300 N.P. August 2015 Fargo, ND 2,899,694 2,929,563 Research Parkway August 2015 Colorado Springs, CO 2,319,588 2,375,943 One Park Center August 2015 Westminster, CO 7,991,809 7,992,420 Shea Center II (5) December 2015 Highlands Ranch, CO 19,501,998 20,246,645 Mandolin (3) August 2021 Houston, TX 4,783,985 4,875,696 Baltimore December 2021 Baltimore, MD 8,690,874 8,891,810 Presidio Property Trust, Inc. properties 92,578,406 103,975,890 Model Home properties (4) 2017 2022 FL, TX, WI 37,933,824 34,089,046 Total real estate assets and lease intangibles, net $ 130,512,230 $ 138,064,936

Note 5 - Lease Intangibles (Tab

Note 5 - Lease Intangibles (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	December 31, 2022 December 31, 2021 Lease Intangibles Accumulated Amortization Lease Intangibles, net Lease Intangibles Accumulated Amortization Lease Intangibles, net In-place leases $ 2,515,264 $ (2,485,234 ) $ 30,030 $ 2,515,264 $ (2,353,782 ) $ 161,482 Leasing costs 1,261,390 (1,236,591 ) 24,799 1,261,390 (1,165,701 ) 95,689 Above-market leases 333,485 (333,485 ) — 333,485 (333,485 ) — $ 4,110,139 $ (4,055,310 ) $ 54,829 $ 4,110,139 $ (3,852,968 ) $ 257,171
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	2023 $ 17,526 2024 17,526 2025 15,670 2026 4,107 2027 — Thereafter — Total $ 54,829

Note 6 - Other Assets (Tables)

Note 6 - Other Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Other Assets [Table Text Block]	December 31, December 31, 2022 2021 Deferred rent receivable $ 1,641,831 $ 1,660,197 Prepaid expenses, deposits and other 619,621 473,554 Investment in marketable securities 797,749 1,514,483 Accounts receivable, net 67,780 401,927 Right-of-use assets, net 45,843 74,643 Other intangibles, net 22,483 82,483 Notes receivable 316,374 316,374 Deferred offering costs - 134,843 Total other assets $ 3,511,681 $ 4,658,504

Note 7 - Mortgage Notes Payab_2

Note 7 - Mortgage Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Debt [Table Text Block]	Principal as of December 31, December 31, Loan Interest Mortgage note property 2022 2021 Type Rate (1) Maturity 300 N.P. (2) - 2,232,923 Fixed 4.95 % 6/11/2022 Dakota Center 9,442,976 9,677,108 Fixed 4.74 % 7/6/2024 Research Parkway 1,648,237 1,705,438 Fixed 3.94 % 1/5/2025 Arapahoe Service Center 7,602,273 7,770,887 Fixed 4.34 % 1/5/2025 Union Town Center 8,025,300 8,173,568 Fixed 4.28 % 1/5/2025 One Park Centre 6,163,177 6,276,849 Fixed 4.77 % 9/5/2025 Genesis Plaza 6,055,682 6,168,604 Fixed 4.71 % 9/6/2025 Shea Center II 17,229,573 17,494,527 Fixed 4.92 % 1/5/2026 West Fargo Industrial (6) 4,030,297 4,148,405 Fixed 3.27 % 8/5/2029 Grand Pacific Center (3) 3,496,330 3,619,695 Fixed 4.02 % 8/1/2037 Baltimore 5,670,000 — Fixed 4.67 % 4/6/2032 Mandolin 3,635,362 — Fixed 4.35 % 4/20/2029 Subtotal, Presidio Property Trust, Inc. Properties $ 72,999,207 $ 67,268,004 Model Home mortgage notes (4) (5) 24,752,448 22,154,128 Fixed 2022 2025 Mortgage Notes Payable $ 97,751,655 $ 89,422,132 Unamortized loan costs (852,956 ) (562,300 ) Mortgage Notes Payable, net $ 96,898,699 $ 88,859,832
Contractual Obligation, Fiscal Year Maturity [Table Text Block]	Presidio Property Model Trust, Inc. Homes Total Principal Years ending December 31: Notes Payable Notes Payable Payments 2023 $ 1,470,877 $ 6,799,272 $ 8,270,149 2024 10,453,347 10,694,954 21,148,301 2025 28,851,691 7,258,222 36,109,913 2026 16,717,516 — 16,717,516 2027 364,407 — 364,407 Thereafter 15,141,369 — 15,141,369 Total $ 72,999,207 $ 24,752,448 $ 97,751,655

Note 10 - Stockholders' Equity

Note 10 - Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2022
Common Class A [Member]
Notes Tables
Dividends Declared [Table Text Block]	Quarter Ended 2022 2021 Distributions Declared Distributions Declared March 31 $ 0.105 $ 0.101 June 30 0.106 0.102 September 30 0.020 0.103 December 31 0.021 0.104 Total $ 0.252 $ 0.410 Month 2022 2021 Distributions Declared Distributions Declared January $ 0.19531 $ — February 0.19531 — March 0.19531 — April 0.19531 — May 0.19531 — June 0.19531 0.10417 July 0.19531 0.19531 August 0.19531 0.19531 September 0.19531 0.19531 October 0.19531 0.19531 November 0.19531 0.19531 December 31 0.19531 0.19531 Total $ 2.34372 $ 1.27603

Note 11 - Share-based Incenti_2

Note 11 - Share-based Incentive Plan (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	Outstanding shares: Common Shares Balance at December 31, 2021 295,471 Granted 407,245 Forfeited (57,371 ) Vested (296,303 ) Balance at December 31, 2022 349,042

Note 12 - Segments (Tables)

Note 12 - Segments (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Year Ended December 31, 2022 2021 Office/Industrial Properties: Rental, fees and other income $ 12,702,986 $ 13,161,268 Property and related expenses (5,148,110 ) (5,769,843 ) Net operating income, as defined 7,554,876 7,391,425 Model Home Properties: Rental, fees and other income 2,909,871 3,211,149 Property and related expenses (102,660 ) (129,389 ) Net operating income, as defined 2,807,211 3,081,760 Retail Properties: Rental, fees and other income 2,224,479 3,023,316 Property and related expenses (663,681 ) (1,056,581 ) Net operating income, as defined 1,560,798 1,966,735 Reconciliation to net income (loss): Total net operating income, as defined, for reportable segments 11,922,885 12,439,920 General and administrative expenses (6,163,816 ) (6,225,510 ) Depreciation and amortization (5,465,015 ) (5,397,498 ) Interest expense (4,712,487 ) (4,822,085 ) Gain on extinguishment of government debt — 10,000 Other income (expense), net 2,039,922 (3,417 ) Income tax expense (1,215,873 ) 47,620 Gain on sale of real estate 5,079,912 2,487,528 Net income (loss) $ 1,485,528 $ (1,463,442 )
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	December 31, December 31, Assets by Reportable Segment: 2022 2021 Office/Industrial Properties: Land, buildings and improvements, net (1) $ 76,400,983 $ 78,240,086 Total assets (2) $ 79,057,998 $ 76,453,436 Model Home Properties: Land, buildings and improvements, net (1) $ 37,933,824 $ 34,089,046 Total assets (2) $ 35,274,545 $ 31,047,202 Retail Properties: Land, buildings and improvements, net (1) $ 16,142,613 $ 25,693,239 Total assets (2) $ 16,810,627 $ 27,579,469 Reconciliation to Total Assets: Total assets for reportable segments $ 131,143,170 $ 135,080,107 Other unallocated assets: Cash, cash equivalents and restricted cash 8,570,121 6,738,345 Other assets, net 151,638,363 19,378,311 Total Assets $ 291,351,654 $ 161,196,763
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block]	For the Year Ended December 31, Capital Expenditures by Reportable Segment 2022 2021 Office/Industrial Properties: Acquisition of operating properties $ — $ 8,891,810 Capital expenditures and tenant improvements 1,994,371 1,513,362 Model Home Properties: Acquisition of operating properties 15,673,575 8,426,750 Retail Properties: Acquisition of operating properties — 4,906,266 Capital expenditures and tenant improvements 113,134 83,824 Totals: Acquisition of operating properties, net 15,673,575 22,224,826 Capital expenditures and tenant improvements 2,107,505 1,597,186 Total real estate investments $ 17,781,080 $ 23,822,012

Schedule III - Real Estate an_2

Schedule III - Real Estate and Accumulated Depreciation and Amortization (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, by Property [Table Text Block]	All amounts are in thousands Initial Cost Total Cost (1 ) Property Name/ Location Encumbrances Land Cost Building & Improvements Acquisition Price Capitalized Improvements Land Cost Building & Improvements Total Cost Accumulated Depreciation & Amortization Reserve for Impairment NBV Real Estate Date Acquired Year Built/ Renovated Genesis Plaza, San Diego, CA $ 6,056 $ 1,400 $ 8,600 $ 10,000 $ 2,976 $ 1,400 $ 11,576 $ 12,976 $ 4,980 $ — $ 7,996 08/10 1989 Dakota Center, Fargo, ND 9,443 832 8,743 9,575 3,199 832 11,942 12,774 4,205 — 8,570 05/11 1982 Grand Pacific Center, Bismarck, ND 3,496 413 4,926 5,339 2,165 413 7,091 7,504 2,276 — 5,228 03/14 1976 Arapahoe Center, Centennial, CO 7,602 1,420 10,430 11,850 675 1,420 11,105 12,525 3,860 — 8,665 12/14 2000 West Fargo Industrial, Fargo, ND 4,030 1,693 6,207 7,900 462 1,693 6,669 8,362 1,469 — 6,893 08/15 1998/2005 300 N.P., Fargo, ND — 135 3,715 3,850 363 135 4,078 4,213 1,006 308.0 2,899 08/15 1922 One Park Centre, Westminster, CO 6,163 1,206 7,944 9,150 1,927 1,206 9,871 11,077 3,085 — 7,992 08/15 1983 Shea Center II, Highlands Ranch, CO 17,230 2,214 23,747 25,961 2,754 2,214 26,501 28,715 9,213 — 19,502 12/15 2000 McElderry, Baltimore, MD 5,670 215 8,677 8,892 29 215 8,705 8,920 230 8,691 12/20 2006 Total Office/ Industrial properties 59,690 9,528 82,989 92,517 14,551 9,528 97,539 107,067 30,323 308.0 76,436 Union Town Center, Colorado Springs, CO 8,025 1,750 9,462 11,212 174 1,750 9,636 11,386 2,347 — 9,039 12/14 2003 Research Parkway, Colorado Springs, CO 1,648 408 2,442 2,850 (44 ) 408 2,398 2,806 486 — 2,320 08/16 2003 Mandolin, Houston, TX 3,635 1,330 3,562 4,892 15 1,330 3,577 4,907 122 — 4,784 08/21 2021 Total Retail properties 13,309 3,488 15,466 18,954 145 3,488 15,611 19,099 2,955 — 16,143 Model Homes-DMH LP #202 178 189 918 1,107 — 189 918 1,107 113 — 994 2017 2018 2017 2018 Model Homes-DMH LP #203 1,870 564 2,490 3,055 — 564 2,490 3,055 247 — 2,808 2017 2019 2017 2019 Model Homes-DMH LP #204 1,169 542 2,799 3,340 — 542 2,799 3,340 251 — 3,089 2018 2020 2018 2020 Model Homes-DMH LP #205 3,655 1,115 4,719 5,834 — 1,115 4,719 5,834 371 — 5,463 2019 2020 2019 2020 Model Homes-DMH LP #206 1,471 289 2,002 2,292 — 289 2,002 2,292 107 — 2,184 2020 2021 2020 2021 Model Homes-NMH Inc. 16,410 3,475 20,357 23,831 — 3,475 20,357 23,831 436 — 23,396 2018 2022 2018 2022 Total Model Home properties 24,752 6,174 33,285 39,459 — 6,174 33,285 39,459 1,525 — 37,934 CONSOLIDATED TOTALS: $ 97,752 $ 19,190 $ 131,739 $ 150,930 $ 14,695 $ 19,190 $ 146,435 $ 165,625 $ 34,804 $ 308 $ 130,513 (1) Depreciation is computed on a straight-line basis using useful lives up to 39 years.
Schedule of Investment in Real Estate and Accumulated Depreciation [Table Text Block]	For the Year Ended December 31, 2022 2021 Real estate Balance at the beginning of the year $ 171,013,693 $ 208,641,166 Acquisitions 15,673,575 22,224,826 Improvements 2,107,503 1,598,105 Impairments - (608,000 ) Dispositions of real estate (23,478,763 ) (60,842,404 ) Balance at the end of the year $ 165,316,008 $ 171,013,693 Accumulated depreciation and amortization Balance at the beginning of the year $ (32,948,757 ) $ (42,387,199 ) Depreciation and amortization expense (5,015,491 ) (5,029,579 ) Dispositions of real estate 3,160,470 14,468,021 Balance at the end of the year $ (34,803,778 ) $ (32,948,757 ) Real estate assets, net $ 130,512,230 $ 138,064,936

Note 1 - Organization and Bas_2

Note 1 - Organization and Basis of Presentation (Details Textual)

12 Months Ended

Jul. 12, 2021 $ / shares shares

Jun. 17, 2021 USD ($) shares

Jun. 17, 2021 USD ($) shares

Jun. 15, 2021 USD ($) $ / shares shares

Dec. 31, 2022 USD ($) a $ / shares shares

Dec. 31, 2021 USD ($)

Sep. 30, 2022 USD ($)

Jan. 24, 2022 $ / shares shares

Jan. 21, 2022 $ / shares shares

Aug. 31, 2021 $ / shares shares

Apr. 27, 2021 USD ($)

Jan. 23, 2012 $ / shares

Number of Limited Liability Companies

2

Number of Limited Partnerships in which Company is Sole General Partner

5

Equity Offering, Maximum Gross Proceeds | $

$ 200,000,000

Shares Issued, Price Per Share (in dollars per share) | $ / shares

$ 19

Proceeds from Issuance of Preferred Stock and Preference Stock | $

$ 0

$ 20,489,803

Long-Term Debt, Maturity, Year One | $

$ 8,270,149

Number of Reportable Segments

3

Restricted Cash, Total | $

$ 4,400,000

$ 4,700,000

Customer Concentration Risk [Member] | Rental Income [Member]

Number of Tenants

1

Customer Concentration Risk [Member] | Rental Income [Member] | One Tenant [Member]

Concentration Risk, Percentage

8.57%

8%

Mortgage Notes [Member]

Long-Term Debt, Maturity, Year One | $

$ 8,300,000

Class A Common Stock and Accompanying Common Stock Warrants [Member]

Shares Issued, Price Per Share (in dollars per share) | $ / shares

$ 5

Class A Common Stock and Accompanying Pre-funded Warrants [Member]

Shares Issued, Price Per Share (in dollars per share) | $ / shares

$ 4.99

Common Stock Warrants [Member]

Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | shares

2,000,000

Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares

$ 5.50

$ 5.50

Warrants and Rights Outstanding, Term (Year)

5 years

5 years

Pre-funded Warrants [Member]

Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | shares

1,000,000

Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares

$ 0.01

$ 0.01

Placement Agent Warrants [Member]

Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | shares

80,000

Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares

$ 6.25

Warrants and Rights Outstanding, Term (Year)

5 years

Class of Warrant or Right, Securities Called By Warrants or Rights, Percentage of Class of Stock

4%

Common Stock Warrants and Placement Agent Warrants [Member]

Class of Warrant or Right, Exercised During Period (in shares) | shares

0

Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares) | shares

0.10

Series A Warrants [Member]

Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares

$ 7

$ 0.17

$ 7

Warrants and Rights Outstanding, Term (Year)

5 years

Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares) | shares

1

Class of Warrant or Right, Outstanding (in shares) | shares

14,450,069

Common Class A [Member]

Stock Issued During Period, Shares, New Issues (in shares) | shares

1,000,000

Series D Preferred Stock [Member]

Stock Issued During Period, Shares, New Issues (in shares) | shares

920,000

920,000

800,000

Shares Issued, Price Per Share (in dollars per share) | $ / shares

$ 25

Preferred Stock, Dividend Rate, Percentage

9.375%

9.375%

Proceeds from Issuance of Preferred Stock and Preference Stock | $

$ 20,500,000

$ 20,500,000

$ 18,100,000

Series D Preferred Stock [Member] | Over-Allotment Option [Member]

Stock Issued During Period, Shares, New Issues (in shares) | shares

120,000

Proceeds from Issuance of Preferred Stock and Preference Stock | $

$ 2,700,000

Option to Purchase Additional Shares, Period (Day)

45 days

Model Home Properties [Member]

Number of Limited Partnerships in which Company is Sole General Partner

5

Commercial Property [Member]

Number of Real Estate Properties, Fee Simple

12

Commercial Property [Member] | Partially Owned Properties [Member]

Number of Real Estate Properties, Fee Simple

2

Mortgage Notes [Member] | Mortgage Notes [Member]

Long-Term Debt, Maturity, Year One | $

$ 6,800,000

Mortgage Note, Due June 11, 2022 [Member] | The 300 N.P [Member]

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | $

$ 2,200,000

Shea Center II [Member]

Restricted Cash, Total | $

$ 1,100,000

Area of Real Estate Property (Acre) | a

45,535

Note 2 - Significant Accounti_2

Note 2 - Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Amortization of above and below Market Leases			$ 55,000	$ 18,000
Real Estate Investment Property and Lease Intangibles, Net	$ 138,064,936		130,512,230	138,064,936
Impairment of Real Estate			0	608,000
Goodwill and Intangible Asset Impairment, Total			0
Depreciation, Depletion and Amortization, Nonproduction, Total			5,465,015	5,397,498
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance	14,702,089		16,516,725	14,702,089
Cash, Uninsured Amount	7,300,000		8,800,000	7,300,000
Restricted Cash, Total	4,700,000		4,400,000	4,700,000
Accounts Receivable, Allowance for Credit Loss, Ending Balance	70,000		138,000	70,000
Deferred Costs, Total	1,300,000		1,500,000	1,300,000
Operating Lease, Initial Direct Cost Expense, over Term			400,000	300,000
Amortization of Debt Issuance Costs			240,090	479,853
Unamortized Deferred Stock Costs	135,000		117,000	135,000
Deferred Offering Costs			$ 0
Percentage of Distributed Taxable Income to Qualify as REIT			90%
Marketable Securities, Total	1,514,483		$ 797,749	1,514,483
Marketable Securities, Cost Basis	1,600,000		900,000	1,600,000
Liabilities, Fair Value Disclosure, Total	0		$ 0	$ 0
Earnings Per Share, Basic, Total (in dollars per share)			$ (0.57)	$ (0.46)
Fair Value, Inputs, Level 1 [Member]
Marketable Securities, Total	1,500,000		$ 800,000	$ 1,500,000
Domestic Tax Authority [Member]
Operating Loss Carryforwards, Total			18,000,000
Polar Multi-Strategy Master Fund [Member] | Notes Payable to Banks [Member]
Debt Issuance Costs, Net, Total	600,000		900,000	600,000
Amortization of Debt Issuance Costs			$ 200,000	900,000
Building and Building Improvements [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)			39 years
Highland Court [Member]
Real Estate Investment Property and Lease Intangibles, Net					$ 10,500,000
Impairment of Real Estate		$ 300,000
Highland Court [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Disposal Group, Including Discontinued Operation, Consideration					$ 10,200,000
The 300 N.P [Member]
Real Estate Investment Property and Lease Intangibles, Net	2,929,563		$ 2,899,694	2,929,563
Impairment of Real Estate	$ 300,000
Lease Intangibles [Member]
Amortization of Intangible Assets			200,000	300,000
Finite-lived Intangibles, Other Than Lease Intangibles [Member]
Amortization of Intangible Assets			$ 100,000	$ 200,000
Maximum [Member]
Amortization of Value In Place Leases (Year)				10 years
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)			5 years
Maximum [Member] | Leasehold Improvements [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)			10 years
Maximum [Member] | Furniture and Fixtures [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)			5 years
Minimum [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)			1 year
Minimum [Member] | Leasehold Improvements [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)			1 year
Minimum [Member] | Furniture and Fixtures [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)			4 years
SPAC, Murphy Canyon Acquisition Corp. [Member]
Equity Method Investment, Ownership Percentage			23.50%

Note 3 - Recent Real Estate T_2

Note 3 - Recent Real Estate Transactions (Details Textual) $ in Millions							12 Months Ended
	Dec. 22, 2021 USD ($) a	Aug. 17, 2021 USD ($) a	May 21, 2021 USD ($)	May 20, 2021 USD ($)	Feb. 19, 2021 USD ($)	Jan. 28, 2021 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Discontinued Operations, Disposed of by Sale [Member]
Number of Real Estate Properties								44
Proceeds from Sale of Real Estate							$ 17.5	$ 20.7
Gain (Loss) on Sale of Properties							$ 5.4	$ 3.2
NetREIT Palm Self Storage, LP and NetREIT Highland LLC [Member]
Noncontrolling Interest, Ownership Percentage by Parent		61.30%
Model Home [Member]
Number of Real Estate Properties							31	18
Real Estate Property, Consideration Transferred, Total							$ 15.6	$ 2.7
Payments to Acquire Residential Real Estate							4.8	8.4
Notes Payable, Total								$ 5.7
Model Home [Member] | Mortgage Notes [Member]
Notes Payable, Total							10.8
Mandolin [Member]
Area of Real Estate Property (Acre) | a		10,500
Payments to Acquire Buildings		$ 4.9
Property Under Triple Net Lease, Percent Occupied		100%
Baltimore [Member]
Area of Real Estate Property (Acre) | a	31,752
Payments to Acquire Buildings	$ 8.9
Property Under Triple Net Lease, Percent Occupied	100%
Property under Triple Net Lease, Term (Year)	5 years
Waterman Plaza [Member] | Discontinued Operations [Member]
Proceeds from Sale of Real Estate							10
Gain (Loss) on Sale of Properties							$ (0.3)
Waterman Plaza [Member] | Discontinued Operations, Disposed of by Sale [Member]
Proceeds from Sale of Real Estate						$ 3.5
Gain (Loss) on Sale of Properties						$ (0.2)
Garden Gateway [Member] | Discontinued Operations, Disposed of by Sale [Member]
Proceeds from Sale of Real Estate					$ 11.2
Gain (Loss) on Sale of Properties					$ (1.4)
Highland Court [Member] | Discontinued Operations, Disposed of by Sale [Member]
Proceeds from Sale of Real Estate				$ 10.2
Gain (Loss) on Sale of Properties				$ (1.6)
Executive Office Park [Member] | Discontinued Operations, Disposed of by Sale [Member]
Proceeds from Sale of Real Estate			$ 8.1
Gain (Loss) on Sale of Properties			$ 2.5

Note 4 - Real Estate Assets (De

Note 4 - Real Estate Assets (Details Textual)		12 Months Ended
	Dec. 07, 2022 USD ($) a	Dec. 31, 2022 USD ($) a	Dec. 31, 2021 USD ($)
Number of States Real Estate Property is Located		3
Number of Limited Partnerships in which Company is Sole General Partner		5
Number of Limited Liability Companies		2
Restricted Cash, Total | $		$ 4,400,000	$ 4,700,000
One Tenant [Member] | Customer Concentration Risk [Member] | Rental Income [Member]
Concentration Risk, Percentage		8.57%	8%
NetREIT Palm Self-Storage LP [Member]
Noncontrolling Interest, Ownership Percentage by Parent		61.30%
Retail Properties [Member]
Area of Real Estate Property (Acre)		65,242
Model Home [Member]
Number of Real Estate Properties		92
Number of Limited Partnerships in which Company is Sole General Partner		5
Number of Limited Liability Companies		1
Industrial Buildings [Member] | Office/Industrial Properties [Member]
Number of Real Estate Properties		1
Office/Industrial Properties [Member]
Area of Real Estate Property (Acre)		756,265
Genesis Plaza [Member]
Real Estate Property, Number of Tenants-in-common Owning the Property		2
Percentage Beneficial Ownership in Property		76.40%
Genesis Plaza [Member] | Tenant-in-common One [Member]
Percentage Ownership in Property		57%
Genesis Plaza [Member] | Tenant-in-common Two [Member]
Percentage Ownership in Property		43%
Shea Center II [Member]
Area of Real Estate Property (Acre)		45,535
Restricted Cash, Total | $		$ 1,100,000
Grand Pacific Center [Member]
Area of Real Estate Property (Acre)	33,296
Sale Leaseback Transaction, Annual Rental Payments | $	$ 532,736
COLOMBIA
Number of Real Estate Properties		5
NORTH DAKOTA
Number of Real Estate Properties		4
SOUTH DAKOTA
Number of Real Estate Properties		1
TEXAS
Number of Real Estate Properties		1
MARYLAND
Number of Real Estate Properties		1

Note 4 - Real Estate Assets - S

Note 4 - Real Estate Assets - Summary of Properties Owned (Details) - USD ($)		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Real estate assets owned		$ 130,512,230	$ 138,064,936
World Plaza [Member]
Geographic location		San Bernardino, CA
Real estate assets owned	[1]	$ 0	9,272,213
Genesis Plaza [Member]
Geographic location		San Diego, CA
Real estate assets owned	[2]	$ 7,995,980	8,310,803
Dakota Center [Member]
Geographic location		Fargo, ND
Real estate assets owned		$ 8,569,537	8,607,360
Grand Pacific Center [Member]
Geographic location		Bismarck, ND
Real estate assets owned	[3]	$ 5,228,006	5,457,447
Arapahoe Center [Member]
Geographic location		Centennial, CO
Real estate assets owned		$ 8,664,604	8,821,278
Union Town Center [Member]
Geographic location		Colorado Springs, CO
Real estate assets owned		$ 9,039,039	9,169,387
West Fargo Industrial [Member]
Geographic location		Fargo, ND
Real estate assets owned		$ 6,893,292	7,025,325
The 300 N.P [Member]
Geographic location		Fargo, ND
Real estate assets owned		$ 2,899,694	2,929,563
Research Parkway [Member]
Geographic location		Colorado Springs, CO
Real estate assets owned		$ 2,319,588	2,375,943
One Park Centre [Member]
Geographic location		Westminster, CO
Real estate assets owned		$ 7,991,809	7,992,420
Shea Center II [Member]
Geographic location		Highlands Ranch, CO
Real estate assets owned	[4]	$ 19,501,998	20,246,645
Mandolin [Member]
Geographic location		Houston, TX
Real estate assets owned	[5]	$ 4,783,985	4,875,696
Baltimore [Member]
Geographic location		Baltimore, MD
Real estate assets owned		$ 8,690,874	8,891,810
Presidio Property Trust, Inc. Properties [Member]
Real estate assets owned		$ 92,578,406	103,975,890
Model Home Properties [Member]
Geographic location		FL, TX, WI
Real estate assets owned	[6]	$ 37,933,824	$ 34,089,046
[1]This property was sold during the year ended December 31, 2022.[2]Genesis Plaza is owned by two tenants-in-common, each of which own 57% and 43%, respectively, and we beneficially own an aggregate of 76.4%, based on our ownership percentages of each tenant-in-common.[3]Grand Pacific Center, Bismarck, ND, was removed from held for sale after signing a major lease with KLJ Engineering on December 7, 2022 for approximately 33,296 usable square feet, a term of 122 months, starting annualized rent of $532,736, and a commencement date estimated to be between November 1, 2023 and March 1, 2024.[4]On December 31, 2022, the lease for our largest tenant, Halliburton Energy Services, Inc., expired. Halliburton Energy Services, Inc. was located in our Shea Center II property in Colorado, and made up approximately 8.57% of our annual base rent. The tenant did not renew the lease and we placed approximately $1.1 million in a reserve account with our lender to cover future mortgage payments, if necessary. Our management team is working to fill the 45,535 square foot space as quickly as possible, and has already leased approximately 20% of the space to a tenant during January 2023.[5]A portion of the proceeds from the sale of Highland Court were used in like-kind exchange transactions pursued under Section 1031 of the Code for the acquisition of our Mandolin property. Mandolin is owned by NetREIT Palm Self-Storage LP, through its wholly owned subsidiary NetREIT Highland LLC, and the Company is the sole general partner and owns 61.3% of NetREIT Palm Self-Storage LP.[6]Includes six Model Homes listed as held for sale as of December 31, 2022.

Note 5 - Lease Intangibles (Det

Note 5 - Lease Intangibles (Details Textual) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets, Gross, Total	$ 4,110,139	$ 4,110,139
Below Market Lease, Net, Ending Balance	18,240	73,130
Real Estate Assets Held for Sale [Member]
Finite-Lived Intangible Assets, Gross, Total	$ 0	$ 0

Note 5 - Lease Intangibles - Ne

Note 5 - Lease Intangibles - Net Value of Other Intangibles (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Lease intangibles, gross	$ 4,110,139	$ 4,110,139
Accumulated Amortization	(4,055,310)	(3,852,968)
Lease Intangibles, net	54,829	257,171
Leases, Acquired-in-Place [Member]
Lease intangibles, gross	2,515,264	2,515,264
Accumulated Amortization	(2,485,234)	(2,353,782)
Lease Intangibles, net	30,030	161,482
Leasing Costs [Member]
Lease intangibles, gross	1,261,390	1,261,390
Accumulated Amortization	(1,236,591)	(1,165,701)
Lease Intangibles, net	24,799	95,689
Above Market Lease [Member]
Lease intangibles, gross	333,485	333,485
Accumulated Amortization	(333,485)	(333,485)
Lease Intangibles, net	$ 0	$ 0

Note 5 - Lease Intangibles - Am

Note 5 - Lease Intangibles - Amortization Expense (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
2023	$ 17,526
2024	17,526
2025	15,670
2026	4,107
2027	0
Thereafter	0
Total	$ 54,829	$ 257,171

Note 6 - Other Assets (Details

Note 6 - Other Assets (Details Textual)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Number of Publicly Traded REITs in which Common Shares are Owned	18	19
Number of Publicly Traded REITs in which Options are Owned	3	10
Investments, Fair Value Disclosure, Total	$ 798,206	$ 1,529,185
Marketable Securities, Total	797,749	1,514,483
Marketable Securities, Real Estate Investment Trust [Member] | Covered Call Option Contract [Member]
Derivative, Fair Value, Net, Total	$ 457	$ 14,702

Note 6 - Other Assets - Other A

Note 6 - Other Assets - Other Assets (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Investment in marketable securities	$ 797,749	$ 1,514,483
Deferred offering costs	0
Total other assets	23,968,241	23,131,827
Other Assets [Member]
Deferred rent receivable	1,641,831	1,660,197
Prepaid expenses, deposits and other	619,621	473,554
Investment in marketable securities	797,749	1,514,483
Accounts receivable, net	67,780	401,927
Right-of-use assets, net	45,843	74,643
Other intangibles, net	22,483	82,483
Notes receivable	316,374	316,374
Deferred offering costs	0	134,843
Total other assets	$ 3,511,681	$ 4,658,504

Note 7 - Mortgage Notes Payab_3

Note 7 - Mortgage Notes Payable (Details Textual) $ in Millions	Dec. 31, 2022 USD ($)
The 300 N.P [Member] | Mortgage Note, Due June 11, 2022 [Member]
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid	$ 2.2
Model Home [Member]
Number of Real Estate Properties Held for Sale	6
Model Home [Member] | Mortgage Notes [Member] | Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage	2.50%
Model Home [Member] | Mortgage Notes [Member] | Maximum [Member]
Debt Instrument, Interest Rate, Stated Percentage	6.70%

Note 7 - Mortgage Notes Payab_4

Note 7 - Mortgage Notes Payable - Mortgage Notes Payable (Details) - USD ($)		Dec. 31, 2022	Dec. 31, 2021
Mortgage Notes Payable, net		$ 96,898,699	$ 88,859,832
Mortgage Notes [Member]
Mortgage Notes Payable		97,751,655	89,422,132
Unamortized loan costs		(852,956)	(562,300)
Mortgage Notes [Member] | The 300 N.P [Member]
Mortgage Notes Payable	[1]	$ 0	2,232,923
Interest rate	[1],[2]	4.95%
Mortgage Notes [Member] | Dakota Center [Member]
Mortgage Notes Payable		$ 9,442,976	9,677,108
Interest rate	[2]	4.74%
Mortgage Notes [Member] | Research Parkway [Member]
Mortgage Notes Payable		$ 1,648,237	1,705,438
Interest rate	[2]	3.94%
Mortgage Notes [Member] | Arapahoe Center [Member]
Mortgage Notes Payable		$ 7,602,273	7,770,887
Interest rate	[2]	4.34%
Mortgage Notes [Member] | Union Town Center [Member]
Mortgage Notes Payable		$ 8,025,300	8,173,568
Interest rate	[2]	4.28%
Mortgage Notes [Member] | One Park Centre [Member]
Mortgage Notes Payable		$ 6,163,177	6,276,849
Interest rate	[2]	4.77%
Mortgage Notes [Member] | Genesis Plaza [Member]
Mortgage Notes Payable		$ 6,055,682	6,168,604
Interest rate	[2]	4.71%
Mortgage Notes [Member] | Shea Center II [Member]
Mortgage Notes Payable		$ 17,229,573	17,494,527
Interest rate	[2]	4.92%
Mortgage Notes [Member] | West Fargo Industrial [Member]
Mortgage Notes Payable	[3]	$ 4,030,297	4,148,405
Interest rate	[2],[3]	3.27%
Mortgage Notes [Member] | Grand Pacific Center [Member]
Mortgage Notes Payable	[4],[5]	$ 3,496,330	3,619,695
Interest rate	[2],[4],[5]	4.02%
Mortgage Notes [Member] | Baltimore [Member]
Mortgage Notes Payable		$ 5,670,000	0
Interest rate	[2]	4.67%
Mortgage Notes [Member] | Mandolin [Member]
Mortgage Notes Payable		$ 3,635,362	0
Interest rate	[2]	4.35%
Mortgage Notes [Member] | Subtotal, Presidio Property Trust, Inc. Properties [Member]
Mortgage Notes Payable		$ 72,999,207	67,268,004
Mortgage Notes [Member] | Model Home [Member]
Mortgage Notes Payable	[5],[6]	$ 24,752,448	$ 22,154,128
[1]The mortgage note payable for 300 N.P. is an amortizing loan with a balloon payment of $2.2 million due at maturity, on June 11, 2022. The Company paid this note in full on May 11, 2022 with available cash on hand.[2]Interest rates as of September 30, 2022.[3]Interest rate is subject to possible reset on August 5, 2023.[4]Interest rate is subject to possible reset on September 1, 2023.[5]Property held for sale as of September 30, 2022. There were three model homes included as real estate assets held for sale.[6]Our model homes have stand-alone mortgage notes at interest rates ranging from 2.50% to 5.34% per annum as of September 30, 2022.

Note 7 - Mortgage Notes Payab_5

Note 7 - Mortgage Notes Payable - Scheduled Principal Payments of Mortgage Notes Payable (Details)	Dec. 31, 2022 USD ($)
2023	$ 8,270,149
2024	21,148,301
2025	36,109,913
2026	16,717,516
2027	364,407
Thereafter	15,141,369
Total	97,751,655
Presidio Property Trust, Inc Notes Payable [Member]
2023	1,470,877
2024	10,453,347
2025	28,851,691
2026	16,717,516
2027	364,407
Thereafter	15,141,369
Total	72,999,207
Model Home Properies Notes Payable [Member]
2023	6,799,272
2024	10,694,954
2025	7,258,222
2026	0
2027	0
Thereafter	0
Total	$ 24,752,448

Note 8 - Notes Payable (Details

Note 8 - Notes Payable (Details Textual) - USD ($)			1 Months Ended
	Aug. 17, 2020	Apr. 22, 2020	Apr. 30, 2022	Mar. 31, 2022	Dec. 31, 2022	Dec. 20, 2021	Sep. 03, 2021	Aug. 17, 2021
Refinanced NetREIT Promissory Notes [Member]
Proceeds from Short-Term Debt, Total			$ 3,700,000
Refinanced PPT Baltimore Promissory Note [Member]
Proceeds from Short-Term Debt, Total				$ 5,670,000
Majority Owned Subsidiary NetREIT Highland [Member] | Promissory Note for the Acquisition of the Mandolin Property in Houston, Texas [Member]
Debt Instrument, Face Amount								$ 1,560,000
Debt Instrument, Interest Rate, Stated Percentage								4%
Repayments of Short-Term Debt, Total			$ 1,560,000
Majority Owned Subsidiary, PPT Baltimore [Member] | Promissory Note Issued for Acquisition of Baltimore Property in Baltimore, MD [Member]
Debt Instrument, Face Amount						$ 5,650,000
Debt Instrument, Interest Rate, Stated Percentage						4.50%
Repayments of Short-Term Debt, Total				$ 5,650,000
Promissory Notes for the Refinancing of Four Model Home Properties in Texas and Wisconsin [Member] | Majority Owned Subsidiary Dubose Model Home Investors 202 LP and 204 LP [Member]
Debt Instrument, Face Amount					$ 1,360,000
Promissory Notes for the Refinancing of Four Model Home Properties in Texas and Wisconsin [Member] | Majority Owned Subsidiary Dubose Model Home Investors 202 LP and 204 LP [Member] | Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage							3%
Promissory Notes for the Refinancing of Four Model Home Properties in Texas and Wisconsin [Member] | Majority Owned Subsidiary Dubose Model Home Investors 202 LP and 204 LP [Member] | Maximum [Member]
Debt Instrument, Interest Rate, Stated Percentage							5.76%
Economic Injury Disaster Loan [Member]
Proceeds from Issuance of Unsecured Debt	$ 150,000	$ 10,000

Note 9 - Commitments and Cont_2

Note 9 - Commitments and Contingencies (Details Textual)					12 Months Ended
	Jan. 26, 2023 shares	Nov. 08, 2022 shares	Feb. 07, 2022 USD ($) $ / shares shares	Jan. 07, 2022 shares	Dec. 31, 2022 USD ($) $ / shares	Dec. 31, 2021 USD ($) $ / shares	Mar. 03, 2023 USD ($)	Mar. 01, 2023 shares	Feb. 02, 2022 $ / shares shares
Proceeds from Issuance of Common Stock | $					$ 0	$ 8,871,879
Subsequent Event [Member]
Stock Redeemed or Called During Period, Shares (in shares)	11,037,272
Subsequent Event [Member] | Murphy Canyon Acquisition Sponsor, LLC [Member]
Notes Receivable, Related Parties, Current | $							$ 300,000
Subsequent Event [Member] | Murphy Canyon Acquisition Sponsor, LLC [Member] | Maximum [Member]
Notes Receivable, Related Parties, Current | $							$ 1,500,000
Common Class A [Member]
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares					$ 0.01	$ 0.01
Common Class A [Member] | Subsequent Event [Member]
Stock Subject to Possible Redemption, Shares (in shares)								2,187,728
The “Merger Consideration” [Member] | Subsequent Event [Member]
Stock Redeemed or Called During Period, Shares (in shares)	11,037,272
The “Merger Consideration” [Member] | Common Class A [Member]
Stock Issued During Period, Shares, Acquisitions (in shares)		65,000,000
SPAC, Initial Public Offering [Member] | Murphy Canyon Acquisition Sponsor, LLC [Member]
SPAC Units, Composition, Number of Shares Per Unit (in shares)				1
Proceeds from Issuance of Common Stock | $			$ 132,250,000
SPAC, Placement Units, Number of Units Purchased (in shares)			754,000
SPAC, Placement Units, Price Per Share (in dollars per share) | $ / shares			$ 10
SPAC, Purchase Units, Payments for the Purchase of Equity | $			$ 7,540,000
Stock Issuance Costs | $			7,738,161
Underwriting Discounts and Commission | $			2,645,000
Deferred Underwriting Fees | $			4,628,750
Other Equity Offering Costs | $			$ 464,411
Noncontrolling Interest, Ownership Percentage by Parent				23.50%
Units Issued During Period, Units, New Issues (in shares)				132,250,000
SPAC Units, Composition, Number of Redeemable Warrants (in shares)				3
SPAC, Initial Public Offering [Member] | Murphy Canyon Acquisition Sponsor, LLC [Member] | Director [Member]
SPAC Placement Units, Number of Units to be Transferred, Total (in shares)			45,000
SPAC Placement Units, Number of Units to be Transferred			15,000
SPAC, Initial Public Offering [Member] | Murphy Canyon Acquisition Sponsor, LLC [Member] | SPAC, Murphy Canyon Acquisition Corp. [Member]
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares									$ 0.0001
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares)									1
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares									$ 11.50

Note 10 - Stockholders' Equit_2

Note 10 - Stockholders' Equity (Details Textual)						4 Months Ended	12 Months Ended		131 Months Ended
	Jul. 12, 2021 $ / shares shares	Jun. 17, 2021 USD ($) shares	Jun. 17, 2021 USD ($) shares	Jun. 15, 2021 USD ($) $ / shares shares	Jan. 23, 2012 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Sep. 15, 2022 USD ($)	Jan. 24, 2022 $ / shares	Jan. 21, 2022 $ / shares	Sep. 17, 2021 USD ($)	Aug. 31, 2021 $ / shares shares
Preferred Stock, Shares Authorized (in shares) | shares							1,000,000		1,000,000
Shares Issued, Price Per Share (in dollars per share) | $ / shares					$ 19
Proceeds from Issuance of Preferred Stock and Preference Stock | $							$ 0	$ 20,489,803
Maximum Individual Common Stock Ownership, Percentage							9.80%		9.80%
Number of Limited Partnerships in which Company is Sole General Partner							5
Registered Shares of Common Stock Pursuant to Dividend Reinvestment Plan (in shares) | shares					3,000,000
Common Stock, Percentage of Purchase Price Per Share					95%
Payment of Sales, Commission or Dealer Manager Fee | $					$ 0
Notice Period for Amendments to Dividend Reinvestment Plan (Day)					30 days
Stock Issued During Period, Value, Dividend Reinvestment Plan | $									$ 17,400,000
Stock Issued During Period, Shares, Dividend Reinvestment Plan (in shares) | shares									917,074
Commercial Property [Member] | Partially Owned Properties [Member]
Number of Real Estate Properties							2		2
Class A Common Stock and Accompanying Common Stock Warrants [Member]
Shares Issued, Price Per Share (in dollars per share) | $ / shares	$ 5
Class A Common Stock and Accompanying Pre-funded Warrants [Member]
Shares Issued, Price Per Share (in dollars per share) | $ / shares	$ 4.99
Common Stock Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | shares	2,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares	$ 5.50													$ 5.50
Warrants and Rights Outstanding, Term (Year)	5 years													5 years
Pre-funded Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | shares	1,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares	$ 0.01													$ 0.01
Placement Agent Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | shares														80,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares														$ 6.25
Warrants and Rights Outstanding, Term (Year)														5 years
Class of Warrant or Right, Securities Called By Warrants or Rights, Percentage of Class of Stock														4%
Common Stock Warrants and Placement Agent Warrants [Member]
Class of Warrant or Right, Exercised During Period (in shares) | shares							0
Series A Warrants [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares							$ 7		$ 7		$ 0.17	$ 7
Warrants and Rights Outstanding, Term (Year)												5 years
Series D Preferred Stock [Member]
Preferred Stock, Shares Authorized (in shares) | shares						1,000,000	1,000,000	1,000,000	1,000,000
Stock Issued During Period, Shares, New Issues (in shares) | shares		920,000	920,000	800,000
Shares Issued, Price Per Share (in dollars per share) | $ / shares				$ 25
Proceeds from Issuance of Preferred Stock and Preference Stock | $		$ 20,500,000	$ 20,500,000	$ 18,100,000
Preferred Stock, Dividend Rate, Percentage				9.375%			9.375%
Preferred Stock, Liquidation Preference Per Share (in dollars per share) | $ / shares						$ 25	$ 25	$ 25	$ 25
Preferred Stock, Dividend Rate, Per-Dollar-Amount (in dollars per share) | $ / shares							$ 2.34375
Preferred Stock, Number of Board of Directors Entitled to Vote if Dividends not Paid for 18 Monthly Dividend Periods							2		2
Preferred Stock, Percentage of Outstanding Shares Required to Authorize Senior Ranking Stock							66.67%		66.67%
Preferred Stock, Redemption Price Per Share (in dollars per share) | $ / shares							$ 25		$ 25
Preferred Stock, Dividends Per Share, Declared (in dollars per share) | $ / shares							$ 2.34372	$ 1.27603
Payments of Dividends, Total | $							$ 2,200,000	$ 1,200,000
Stock Repurchase Program, Authorized Amount | $										$ 4,000,000
Stock Repurchased During Period, Shares (in shares) | shares							6,013
Stock Repurchased, Average Cost Per Share (in dollars per share) | $ / shares							$ 20.31
Stock Repurchased, Commission Per Share (in dollars per share) | $ / shares							$ 0.035
Stock Repurchased During Period, Value | $							$ 122,141
Series D Preferred Stock [Member] | Monthly Dividends [Member]
Preferred Stock, Dividends Per Share, Declared (in dollars per share) | $ / shares							$ 0.19531
Series D Preferred Stock [Member] | Over-Allotment Option [Member]
Stock Issued During Period, Shares, New Issues (in shares) | shares		120,000
Proceeds from Issuance of Preferred Stock and Preference Stock | $		$ 2,700,000
Option to Purchase Additional Shares, Period (Day)				45 days
Common Class A [Member]
Stock Issued During Period, Shares, New Issues (in shares) | shares	1,000,000
Payments of Dividends, Total | $							$ 3,100,000	$ 4,500,000
Common Stock, Shares Authorized (in shares) | shares						100,000,000	100,000,000	100,000,000	100,000,000
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares						$ 0.01	$ 0.01	$ 0.01	$ 0.01
Common Stock, Shares, Issued, Total (in shares) | shares						11,599,720	11,655,583	11,599,720	11,655,583
Stock Repurchase Program, Authorized Amount | $										$ 6,000,000			$ 10,000,000
Stock Repurchased During Period, Shares (in shares) | shares							196,631	29,721
Stock Repurchased, Average Cost Per Share (in dollars per share) | $ / shares							$ 1.59	$ 3.7223
Stock Repurchased, Commission Per Share (in dollars per share) | $ / shares							$ 0.035	$ 0.035
Stock Repurchased During Period, Value | $						$ 110,631	$ 313,578
Common Class B [Member]
Common Stock, Shares Authorized (in shares) | shares							1,000		1,000
Common Class C [Member]
Common Stock, Shares Authorized (in shares) | shares							9,000,000		9,000,000
Common Stock, Shares, Issued, Total (in shares) | shares							0		0
Common Stock, Number of Entitled Votes							1		1

Note 10 - Stockholders' Equit_3

Note 10 - Stockholders' Equity - Dividends Declared (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Common Class A [Member]
Cash Dividend Declared (in dollars per share)	$ 0.252	$ 0.410
Common Class A [Member] | Dividends Declared, March 31 [Member]
Cash Dividend Declared (in dollars per share)	0.105	0.101
Common Class A [Member] | Dividends Declared, June 30 [Member]
Cash Dividend Declared (in dollars per share)	0.106	0.102
Common Class A [Member] | Dividends Declared, September 30 [Member]
Cash Dividend Declared (in dollars per share)	0.020	0.103
Common Class A [Member] | Dividends Declared, December31 [Member]
Cash Dividend Declared (in dollars per share)	0.021	0.104
Series D Preferred Stock [Member]
Distributions Declared (in dollars per share)	2.34372	1.27603
Series D Preferred Stock [Member] | Dividends Declared, January [Member]
Distributions Declared (in dollars per share)	0.19531	0
Series D Preferred Stock [Member] | Dividends Declared, February [Member]
Distributions Declared (in dollars per share)	0.19531	0
Series D Preferred Stock [Member] | Dividends Declared, March [Member]
Distributions Declared (in dollars per share)	0.19531	0
Series D Preferred Stock [Member] | Dividends Declared, April [Member]
Distributions Declared (in dollars per share)	0.19531	0
Series D Preferred Stock [Member] | Dividends Declared, May [Member]
Distributions Declared (in dollars per share)	0.19531	0
Series D Preferred Stock [Member] | Dividends Declared, June [Member]
Distributions Declared (in dollars per share)	0.19531	0.10417
Series D Preferred Stock [Member] | Dividends Declared, July [Member]
Distributions Declared (in dollars per share)	0.19531	0.19531
Series D Preferred Stock [Member] | Dividends Declared, August [Member]
Distributions Declared (in dollars per share)	0.19531	0.19531
Series D Preferred Stock [Member] | Dividends Declared, September [Member]
Distributions Declared (in dollars per share)	0.19531	0.19531
Series D Preferred Stock [Member] | Dividends Declared, October [Member]
Distributions Declared (in dollars per share)	0.19531	0.19531
Series D Preferred Stock [Member] | Dividends Declared, November [Member]
Distributions Declared (in dollars per share)	0.19531	0.19531
Series D Preferred Stock [Member] | Dividends Declared, December [Member]
Distributions Declared (in dollars per share)	$ 0.19531	$ 0.19531

Note 11 - Share-based Incenti_3

Note 11 - Share-based Incentive Plan (Details Textual) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	May 26, 2022	Dec. 31, 2017	Jan. 23, 2012	Dec. 31, 2006
Shares Issued, Price Per Share (in dollars per share)					$ 19
The 2017 Incentive Award Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)			2.5	1.1
Restricted Stock [Member]
Shares Issued, Price Per Share (in dollars per share)						$ 20
Share-Based Payment Arrangement, Expense	$ 1.2	$ 1.6
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 1.5	$ 1.6
Minimum [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	3 years
Minimum [Member] | Nonvested Resctricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	1 year
Maximum [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	10 years
Maximum [Member] | Nonvested Resctricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	5 years

Note 11 - Share-based Incenti_4

Note 11 - Share-based Incentive Plan - Summary of Activity for Restricted Stock (Details) - Restricted Stock [Member]	12 Months Ended
	Dec. 31, 2022 shares
Balance (in shares)	295,471
Granted (in shares)	407,245
Forfeited (in shares)	(57,371)
Vested (in shares)	(296,303)
Balance (in shares)	349,042

Note 12 - Segments (Details Tex

Note 12 - Segments (Details Textual)	12 Months Ended
	Dec. 31, 2022
Number of Reportable Segments	3

Note 12 - Segments - Operating

Note 12 - Segments - Operating Income by Segment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Rental, fees and other income	$ 17,764,281	$ 19,231,109
Property and related expenses	(5,841,396)	(6,183,189)
General and administrative expenses	(6,163,816)	(6,225,510)
Depreciation and amortization	(5,465,015)	(5,397,498)
Interest expense	(4,712,487)	(4,822,085)
Gain on extinguishment of government debt	0	10,000
Other income (expense), net	2,039,922	(3,417)
Income tax expense	(1,215,873)	47,620
Gain on sale of real estate	5,079,912	2,487,528
Net income (loss)	1,485,528	(1,463,442)
Operating Segments [Member]
Net operating income, as defined	11,922,885	12,439,920
Office/Industrial Properties [Member] | Operating Segments [Member]
Rental, fees and other income	12,702,986	13,161,268
Property and related expenses	(5,148,110)	(5,769,843)
Net operating income, as defined	7,554,876	7,391,425
Model Home Properties [Member] | Operating Segments [Member]
Rental, fees and other income	2,909,871	3,211,149
Property and related expenses	(102,660)	(129,389)
Net operating income, as defined	2,807,211	3,081,760
Retail Properties [Member] | Operating Segments [Member]
Rental, fees and other income	2,224,479	3,023,316
Property and related expenses	(663,681)	(1,056,581)
Net operating income, as defined	$ 1,560,798	$ 1,966,735

Note 12 - Segments - Assets by

Note 12 - Segments - Assets by Reportable Segment (Details) - USD ($)		Dec. 31, 2022	Dec. 31, 2021
Land, buildings and improvements, net		$ 130,512,230	$ 138,064,936
Total assets		291,351,654	161,196,763
Cash, cash equivalents and restricted cash		16,516,725	14,702,089
Other assets, net		23,968,241	23,131,827
Operating Segments [Member]
Total assets		131,143,170	135,080,107
Segment Reconciling Items [Member]
Total assets		291,351,654	161,196,763
Cash, cash equivalents and restricted cash		8,570,121	6,738,345
Other assets, net		151,638,363	19,378,311
Office/Industrial Properties [Member] | Operating Segments [Member]
Land, buildings and improvements, net	[1]	76,400,983	78,240,086
Total assets	[2]	79,057,998	76,453,436
Model Home Properties [Member] | Operating Segments [Member]
Land, buildings and improvements, net	[1]	37,933,824	34,089,046
Total assets	[2]	35,274,545	31,047,202
Retail Properties [Member] | Operating Segments [Member]
Land, buildings and improvements, net	[1]	16,142,613	25,693,239
Total assets	[2]	$ 16,810,627	$ 27,579,469
[1]Includes lease intangibles and the land purchase option related to property acquisitions.[2]Includes land, buildings and improvements, cash, cash equivalents, and restricted cash, current receivables, deferred rent receivables and deferred leasing costs and other related intangible assets, all shown on a net basis.

Note 12 - Segments - Capital Ex

Note 12 - Segments - Capital Expenditures by Reportable Segment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Acquisition of operating properties	$ 15,673,575	$ 22,224,826
Capital expenditures and tenant improvements	2,107,505	1,597,186
Total real estate investments	17,781,080	23,822,012
Office/Industrial Properties [Member]
Acquisition of operating properties	0	8,891,810
Capital expenditures and tenant improvements	1,994,371	1,513,362
Model Home [Member]
Acquisition of operating properties	15,673,575	8,426,750
Retail Properties [Member]
Acquisition of operating properties	0	4,906,266
Capital expenditures and tenant improvements	$ 113,134	$ 83,824

Note 13 - Subsequent Events (De

Note 13 - Subsequent Events (Details Textual) - USD ($)	Jan. 26, 2023	Mar. 07, 2023	Mar. 03, 2023	Dec. 31, 2022	Dec. 31, 2021
Common Class A [Member]
Common Stock, Shares, Outstanding, Ending Balance (in shares)				11,655,583	11,599,720
Subsequent Event [Member]
Stock Redeemed or Called During Period, Shares (in shares)	11,037,272
Common Stock, Redemption Price Per Share (in dollars per share)	$ 10.33
Subsequent Event [Member] | Murphy Canyon Acquisition Sponsor, LLC [Member]
Debt Instrument, Face Amount		$ 1,500,000
Subsequent Event [Member] | Murphy Canyon Acquisition Sponsor, LLC [Member]
Notes Receivable, Related Parties, Current			$ 300,000
Subsequent Event [Member] | Murphy Canyon Acquisition Sponsor, LLC [Member] | Maximum [Member]
Notes Receivable, Related Parties, Current			$ 1,500,000
Subsequent Event [Member] | Common Class A [Member]
Common Stock, Shares, Outstanding, Ending Balance (in shares)	2,187,728

Schedule III - Real Estate an_3

Schedule III - Real Estate and Accumulated Depreciation and Amortization - Properties (Details) - USD ($)		Dec. 31, 2022		Dec. 31, 2021	Dec. 31, 2020
Encumbrances		$ 97,752,000
Land, Initial Cost		19,190,000
Building and Improvements, Initial Cost		131,739,000
Acquisition Price		150,930,000
Capitalized Improvements		14,695,000
Land Cost, Total Cost		19,190,000
Building & Improvements, Total Cost		146,435,000
Total cost		165,625,000
Accumulated Depreciation & Depreciation		34,803,778	[1]	$ 32,948,757	$ 42,387,199
Reserve for Impairment		308,000
NBV Real Estate		130,513,000
Industrial Office Properties [Member]
Encumbrances		59,690,000
Land, Initial Cost		9,528,000
Building and Improvements, Initial Cost		82,989,000
Acquisition Price		92,517,000
Capitalized Improvements		14,551,000
Land Cost, Total Cost		9,528,000
Building & Improvements, Total Cost		97,539,000
Total cost		107,067,000
Accumulated Depreciation & Depreciation	[1]	30,323,000
Reserve for Impairment		308,000
NBV Real Estate		76,436,000
Industrial Office Properties [Member] | Genesis Plaza [Member]
Encumbrances		6,056,000
Land, Initial Cost		1,400,000
Building and Improvements, Initial Cost		8,600,000
Acquisition Price		10,000,000
Capitalized Improvements		2,976,000
Land Cost, Total Cost		1,400,000
Building & Improvements, Total Cost		11,576,000
Total cost		12,976,000
Accumulated Depreciation & Depreciation	[1]	4,980,000
Reserve for Impairment		0
NBV Real Estate		7,996,000
Industrial Office Properties [Member] | Dakota Center [Member]
Encumbrances		9,443,000
Land, Initial Cost		832,000
Building and Improvements, Initial Cost		8,743,000
Acquisition Price		9,575,000
Capitalized Improvements		3,199,000
Land Cost, Total Cost		832,000
Building & Improvements, Total Cost		11,942,000
Total cost		12,774,000
Accumulated Depreciation & Depreciation	[1]	4,205,000
Reserve for Impairment		0
NBV Real Estate		8,570,000
Industrial Office Properties [Member] | Grand Pacific Center [Member]
Encumbrances		3,496,000
Land, Initial Cost		413,000
Building and Improvements, Initial Cost		4,926,000
Acquisition Price		5,339,000
Capitalized Improvements		2,165,000
Land Cost, Total Cost		413,000
Building & Improvements, Total Cost		7,091,000
Total cost		7,504,000
Accumulated Depreciation & Depreciation	[1]	2,276,000
Reserve for Impairment		0
NBV Real Estate		5,228,000
Industrial Office Properties [Member] | Arapahoe Center [Member]
Encumbrances		7,602,000
Land, Initial Cost		1,420,000
Building and Improvements, Initial Cost		10,430,000
Acquisition Price		11,850,000
Capitalized Improvements		675,000
Land Cost, Total Cost		1,420,000
Building & Improvements, Total Cost		11,105,000
Total cost		12,525,000
Accumulated Depreciation & Depreciation	[1]	3,860,000
Reserve for Impairment		0
NBV Real Estate		8,665,000
Industrial Office Properties [Member] | West Fargo Industrial [Member]
Encumbrances		4,030,000
Land, Initial Cost		1,693,000
Building and Improvements, Initial Cost		6,207,000
Acquisition Price		7,900,000
Capitalized Improvements		462,000
Land Cost, Total Cost		1,693,000
Building & Improvements, Total Cost		6,669,000
Total cost		8,362,000
Accumulated Depreciation & Depreciation	[1]	1,469,000
Reserve for Impairment		0
NBV Real Estate		6,893,000
Industrial Office Properties [Member] | The 300 N.P [Member]
Encumbrances		0
Land, Initial Cost		135,000
Building and Improvements, Initial Cost		3,715,000
Acquisition Price		3,850,000
Capitalized Improvements		363,000
Land Cost, Total Cost		135,000
Building & Improvements, Total Cost		4,078,000
Total cost		4,213,000
Accumulated Depreciation & Depreciation	[1]	1,006,000
Reserve for Impairment		308,000
NBV Real Estate		2,899,000
Industrial Office Properties [Member] | One Park Centre [Member]
Encumbrances		6,163,000
Land, Initial Cost		1,206,000
Building and Improvements, Initial Cost		7,944,000
Acquisition Price		9,150,000
Capitalized Improvements		1,927,000
Land Cost, Total Cost		1,206,000
Building & Improvements, Total Cost		9,871,000
Total cost		11,077,000
Accumulated Depreciation & Depreciation	[1]	3,085,000
Reserve for Impairment		0
NBV Real Estate		7,992,000
Industrial Office Properties [Member] | Shea Center II [Member]
Encumbrances		17,230,000
Land, Initial Cost		2,214,000
Building and Improvements, Initial Cost		23,747,000
Acquisition Price		25,961,000
Capitalized Improvements		2,754,000
Land Cost, Total Cost		2,214,000
Building & Improvements, Total Cost		26,501,000
Total cost		28,715,000
Accumulated Depreciation & Depreciation	[1]	9,213,000
Reserve for Impairment		0
NBV Real Estate		19,502,000
Industrial Office Properties [Member] | McElderry [Member]
Encumbrances		5,670,000
Land, Initial Cost		215,000
Building and Improvements, Initial Cost		8,677,000
Acquisition Price		8,892,000
Capitalized Improvements		29,000
Land Cost, Total Cost		215,000
Building & Improvements, Total Cost		8,705,000
Total cost		8,920,000
Accumulated Depreciation & Depreciation		230,000
Reserve for Impairment
NBV Real Estate		8,691,000
Industrial Office Properties [Member] | Mandolin [Member]
Total cost		4,907,000
Retail Properties [Member]
Encumbrances		13,309,000
Land, Initial Cost		3,488,000
Building and Improvements, Initial Cost		15,466,000
Acquisition Price		18,954,000
Capitalized Improvements		145,000
Land Cost, Total Cost		3,488,000
Building & Improvements, Total Cost		15,611,000
Total cost		19,099,000
Accumulated Depreciation & Depreciation	[1]	2,955,000
Reserve for Impairment		0
NBV Real Estate		16,143,000
Retail Properties [Member] | Union Town Center [Member]
Encumbrances		8,025,000
Land, Initial Cost		1,750,000
Building and Improvements, Initial Cost		9,462,000
Acquisition Price		11,212,000
Capitalized Improvements		174,000
Land Cost, Total Cost		1,750,000
Building & Improvements, Total Cost		9,636,000
Total cost		11,386,000
Accumulated Depreciation & Depreciation	[1]	2,347,000
Reserve for Impairment		0
NBV Real Estate		9,039,000
Retail Properties [Member] | Research Parkway [Member]
Encumbrances		1,648,000
Land, Initial Cost		408,000
Building and Improvements, Initial Cost		2,442,000
Acquisition Price		2,850,000
Capitalized Improvements		(44,000)
Land Cost, Total Cost		408,000
Building & Improvements, Total Cost		2,398,000
Total cost		2,806,000
Accumulated Depreciation & Depreciation	[1]	486,000
Reserve for Impairment		0
NBV Real Estate		2,320,000
Retail Properties [Member] | Mandolin [Member]
Encumbrances		3,635,000
Land, Initial Cost		1,330,000
Building and Improvements, Initial Cost		3,562,000
Acquisition Price		4,892,000
Capitalized Improvements		15,000
Land Cost, Total Cost		1,330,000
Building & Improvements, Total Cost		3,577,000
Accumulated Depreciation & Depreciation		122,000
Reserve for Impairment		0
NBV Real Estate		4,784,000
Model Home [Member]
Encumbrances		24,752,000
Land, Initial Cost		6,174,000
Building and Improvements, Initial Cost		33,285,000
Acquisition Price		39,459,000
Land Cost, Total Cost		6,174,000
Building & Improvements, Total Cost		33,285,000
Total cost		39,459,000
Accumulated Depreciation & Depreciation	[1]	1,525,000
NBV Real Estate		37,934,000
Model Home [Member] | Model Homes-DMH LP #202 [Member]
Encumbrances		178,000
Land, Initial Cost		189,000
Building and Improvements, Initial Cost		918,000
Acquisition Price		1,107,000
Land Cost, Total Cost		189,000
Building & Improvements, Total Cost		918,000
Total cost		1,107,000
Accumulated Depreciation & Depreciation	[1]	113,000
NBV Real Estate		994,000
Model Home [Member] | Model Homes-DMH LP #203 [Member]
Encumbrances		1,870,000
Land, Initial Cost		564,000
Building and Improvements, Initial Cost		2,490,000
Acquisition Price		3,055,000
Land Cost, Total Cost		564,000
Building & Improvements, Total Cost		2,490,000
Total cost		3,055,000
Accumulated Depreciation & Depreciation	[1]	247,000
NBV Real Estate		2,808,000
Model Home [Member] | Model Homes-DMH LP #204 [Member]
Encumbrances		1,169,000
Land, Initial Cost		542,000
Building and Improvements, Initial Cost		2,799,000
Acquisition Price		3,340,000
Land Cost, Total Cost		542,000
Building & Improvements, Total Cost		2,799,000
Total cost		3,340,000
Accumulated Depreciation & Depreciation	[1]	251,000
NBV Real Estate		3,089,000
Model Home [Member] | Model Homes-DMH LP #205 [Member]
Encumbrances		3,655,000
Land, Initial Cost		1,115,000
Building and Improvements, Initial Cost		4,719,000
Acquisition Price		5,834,000
Land Cost, Total Cost		1,115,000
Building & Improvements, Total Cost		4,719,000
Total cost		5,834,000
Accumulated Depreciation & Depreciation	[1]	371,000
NBV Real Estate		5,463,000
Model Home [Member] | Model Homes-DMH LP #206 [Member]
Encumbrances		1,471,000
Land, Initial Cost		289,000
Building and Improvements, Initial Cost		2,002,000
Acquisition Price		2,292,000
Land Cost, Total Cost		289,000
Building & Improvements, Total Cost		2,002,000
Total cost		2,292,000
Accumulated Depreciation & Depreciation	[1]	107,000
NBV Real Estate		2,184,000
Model Home [Member] | Model Homes-NMH Inc. [Member]
Encumbrances		16,410,000
Land, Initial Cost		3,475,000
Building and Improvements, Initial Cost		20,357,000
Acquisition Price		23,831,000
Land Cost, Total Cost		3,475,000
Building & Improvements, Total Cost		20,357,000
Total cost		23,831,000
Accumulated Depreciation & Depreciation	[1]	436,000
NBV Real Estate		$ 23,396,000
[1]Depreciation is computed on a straight-line basis using useful lives up to 39 years.

Schedule III - Real Estate an_4

Schedule III - Real Estate and Accumulated Depreciation and Amortization - Balances (Details)	12 Months Ended
	Dec. 31, 2022 USD ($)		Dec. 31, 2021 USD ($)
Balance at the beginning of the year	$ 171,013,693		$ 208,641,166
Acquisitions	15,673,575		22,224,826
Improvements	2,107,503		1,598,105
Impairments	0		(608,000)
Dispositions of real estate	(23,478,763)		(60,842,404)
Balance at the end of the year	165,316,008		171,013,693
Balance at the beginning of the year	(32,948,757)		(42,387,199)
Depreciation and amortization expense	(5,015,491)		(5,029,579)
Dispositions of real estate	3,160,470		14,468,021
Balance at the end of the year	(34,803,778)	[1]	(32,948,757)
Real estate assets, net	$ 130,512,230		$ 138,064,936
[1]Depreciation is computed on a straight-line basis using useful lives up to 39 years.