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    The Largest CRE Database in the US with Over 1 Million Listings

    2051 Evergreen Ln Show Low, AZ 85901

    Sponsored
    For Lease
    $3,500 /Mo ($19 SF/Yr)

    COMMERCIAL - Show Low, AZ

    Property size:
    2,150 SF
    Lot size:
    1.38 Acres
    Days on Market:
    24
    Last Refresh:
    Jan 28 at 4:06 pm

    Property Features for 2051 Evergreen Ln

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Window features
    Double Pane Windows
    APN
    212-03-115F
    Exterior features
    Rain Gutters
    Size
    2,150 SF
    Lot size
    1.38 Acres

    Utilities

    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2007
    Roof type
    Shingle

    We can help!

    Listing Contact
    Todd W Fernau
    Todd W Fernau

    ADVANTAGE REALTY PROFESSIONALS - LK (928) 368-2040

    Listing agent Todd W Fernau (928) 368-2040

    Listing date Jan 5, 2026

    MLS# 257356

    Copyright © 2026 White Mountain Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Turnkey Medical Office Space Available

    This established, fully built-out office suite is available for lease and is ideally suited for a wide range of medical or healthcare uses. The space is located in a highly visible and well-known building, offering convenience, accessibility, and proximity to essential services. Designed with healthcare professionals in mind, the suite features a functional layout adaptable for nearly any medical specialty. The property is centrally located just off the main highway, providing excellent connectivity and ease of access for patients and staff. It is situated steps away from the area's primary hospital, making it ideal for referrals, partnerships, and patient convenience. The location is walkable to a variety of restaurants, shopping centers, and essential services, making it a highly attractive location for both staff and clientele. The property is a well-maintained and recognized building. This 2150 square foot space is ready to support business growth. The property is located at 2051 Evergreen Lane, Show Low, AZ 85901, in Navajo County. The lot size is 1.38 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Simranjit S. ... Internist Carol Stewart Nurse Practitioner Cara Quade Nurse Practitioner Ashley Smith Nurse Practitioner Balaji Natarajan Cardiologist

    Suggested Use

    Realty agency Restaurant Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Show Low
    County
    Navajo
    State
    Arizona
    Longitude
    -110.019659
    Latitude
    34.205834

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    FAQs

    What type of property is this?
    Medical office - Move-in ready medical office near hospital and amenities.
    Where is this medical office located?
    The property is located at 2051 Evergreen Ln Show Low, AZ.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Turnkey, fully built-out medical office space (2150 sq ft) ready for immediate occupancy.; - Prime location near the area's primary hospital, facilitating referrals and patient convenience.; - Excellent connectivity and accessibility, located just off the main highway.
    (928) 521-0172
    Request Owner's contact information
    2051 Evergreen Ln Show Low, AZ 85901
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2051 Evergreen Ln Show Low, AZ 85901
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    We can help!
    Listing Contact
    Todd W Fernau
    Todd W Fernau
    Real Estate License ID: SA676056000
    (928) 521-0172
    Learn more
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