Established Machine Shop on 1.97
2981 E Adams Show Low, AZ 85901
For Sale
$799,000
COMMERCIAL - Show Low, AZ
Property Size4,840 SF
Lot Size1.97 Acres
Price / SF$165.08
Days on Market429
Property Features for 2981 E Adams
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
210-23-031A
Size
4,840 SF
Lot size
1.97 Acres
Taxes and HOA fees
Tax Description
SECTION 21,T10N,R22E:BEG NE COR;TH S89DG44'W 640.1'TPOB; TH S0DG4'30 E 652.01';TH S0DG1'25 E 358.41'; TH N89DG56'55 W 210.21';TH N0DG0'37 W 1009.32'; TH N89DG44'E 209.37'TPOB LESS 2.90 AC TO 031B(PER 05-28524) OUT OF 210-23-031 FOR2007ROLL
Tax Annual Amount
1879
Utilities
Heating system
Propane (Heating)
Building Details
Year built
1993
Roof type
Metal
Listing Agency:
Advantage Realty Professionals - Lakeside
(928) 368-2040
Listed By:
Liz Engelhart · License #BR558301000
(928) 242-1048
Added: May 28, 2025
Changed: May 14
Last Checked: Jul 30 at 1:06AM
MLS# 256219
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.
Investment Insights
Based on property information with market context.
This commercial property, home to 'Bill's Machine Shop,' is available for purchase in Show Low, Northern Arizona. The offering includes the business, which has a broad customer base encompassing state, city, and county municipalities, school districts, the Fort Apache Tribe, power plants, auto dealerships, construction companies, auto repair shops, and the timber industry, along with regular customers. The service area extends from Payson, AZ, to Gallup, NM. With 40 years of operation, the machine shop has a strong reputation for quality and value, and is the largest and longest-running in the area. The property features a 4840 square foot building on 1.97 acres, with expansion potential. A HAAS CNC Machine and all inventory are included, along with the business's goodwill and customer base. The seller is open to providing training to the purchaser and may consider carrying a note. The zoning description and allowable uses are available in the document section.
Key Highlights
- Established commercial property and business ('Bill's Machine Shop') with a 40‑year history and excellent reputation.
- Broad and loyal customer base including municipalities, school districts, the Fort Apache Tribe, power plants, and more.
- Large 4840 sq ft building on 1.97 acres with room for expansion.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.6k | $13.56 |
| − Vacancy | −$2.6k | −$0.54 |
| EGI | $63.0k | $13.02 |
| − OpEx | −$18.9k | −$3.91 |
| NOI | $44.1k | $9.11 |
4,840 SF · lease $13.56/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Industrial
$630.1K
$551.3K – $735.1K
NOI $44,104 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.32M
$1.15M – $1.53M
NOI $92,068 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Manufacturing property - Commercial property with established machine shop business for sale.
Where is this manufacturing property located?
The property is located at 2981 E Adams Show Low, AZ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Established commercial property and business ('Bill's Machine Shop') with a 40‑year history and excellent reputation.; Broad and loyal customer base including municipalities, school districts, the Fort Apache Tribe, power plants, and more.; Large 4840 sq ft building on 1.97 acres with room for expansion.
