Building Details

Roof type Tile

Listing Agency: Linton Real Estate s***@mac.com Show Phone

Listed By: Michelle M Linton Show Phone

Added: Aug 12, 2025 Changed: Sep 2 Last Checked: Sep 11 at 12:06PM

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MLS# 201874

Copyright © 2026 Northern Arizona Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This vacant conventional restaurant property includes an upgraded kitchen and dining area, commercial equipment, storage space, patio seating, and decorative water fountains. Recent exterior paint complements the tile roof, while heat pump and central air systems provide building climate control. Natural gas heating is also present.

The property occupies a 1.75-acre commercially zoned lot along Hwy 89A in Clarkdale. On-site parking and phone availability are included. An adjacent lot is part of the sale and may be split, retained, or considered for future expansion, as permitted. The existing configuration and equipment package are suited to continued restaurant use, with the property also identified for event space or other commercial use.

Key Highlights

• Commercially zoned 1.75‑acre lot along Hwy 89A
• Vacant restaurant property with upgraded kitchen and dining area
• Sale includes kitchen equipment, storage space, and patio seating

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$78,366

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

5.23%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,567,320 $1.6M

Cap Rate 7%

$1,119,514 $1.1M

Cap Rate 9%

$870,733 $870.7K

Market Conditions

NOI Build-Up for 4,058 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$117.8K $29.04/SF

− Vacancy

−$5.9K −$1.45/SF

EGI

$112.0K $27.59/SF

− OpEx

−$33.6K −$8.28/SF

NOI

$78.4K $19.31/SF

Area

Yavapai County, AZ

Vacancy

5.00%

Lease Rate

$29.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,567,320

Cap Rate 7%

$1,119,514

Cap Rate 9%

$870,733

Alternative Uses

Best Use

Industrial

$1.12M

$979.6K – $1.31M (±1% cap)

NOI $78,366 @ 7.0% cap · market cap 5.23%

Second Best

Specialty Retail

$770.8K

$674.4K – $899.2K (±1% cap)

NOI $53,954 @ 7.0% cap · market cap 3.60%

Theoretical Best

Warehouse

$1.36M

$1.19M – $1.59M (±1% cap)

NOI $95,159 @ 7.0% cap · market cap 6.35%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Conventional restaurants

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

74

Businesses Nearby

5k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

5,268 visits/mo 0.3 miles

Demographics for 86324, AZ

4,544

Population

2,593

Households

1.8

Avg Household Size

54

Median Age

24%

College-Educated

97%

High-School Grad

259.8 sq mi

ZIP Area

17

Density / Sq Mi

$32,637

Median Household Income

$28,026

Median Earnings

$897

Median Rent

$345,000

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Includes upgraded kitchen equipment, storage, patio seating, and on-site parking.

Where is this conventional restaurant located?

The property is located at 1481 Az-89a Clarkdale, AZ.

What is the asking price?

The asking price for this property is $1,499,000.

What are key features of this property?

This property features: Commercially zoned 1.75‑acre lot along Hwy 89A; Vacant restaurant property with upgraded kitchen and dining area; Sale includes kitchen equipment, storage space, and patio seating