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    Established Machine Shop on 1.97 Acres Title is generated by Realmo AI

    2981 E Adams, Show Low, AZ 85901

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    Claim this Listing
    For Sale
    $799,000

    COMMERCIAL - Show Low, AZ

    Property size:
    4,840 SF
    Lot size:
    1.97 Acres
    Price / SF:
    $165/SF
    Added:
    May 28, 2025
    Days on Market:
    375
    Last Refresh:
    Jun 6 at 8:06 am

    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

    We can help!

    Listing Contact
    Liz Engelhart
    Liz Engelhart

    Listing agent Liz Engelhart License #BR558301000

    Listing office Advantage Realty Professionals - Lakeside 1555 W White Mountain Blvd Suite 2, Lakeside, AZ

    Listing date May 28, 2025

    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.

    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.
    • Includes HAAS CNC Machine and all inventory.
    • Seller willing to train purchaser and may carry a note.
    • Located in the growing area of Show Low, Northern Arizona, with a broad service area.

    Overview

    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.

    Local 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 (±1% cap)
    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 (±1% cap)
    NOI $92,068 @ 7.0% cap · market cap 11.52%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bill's Machine Shop Industrial Manufacturer

    Suggested Use

    Restaurant Real Estate Agency Law Firm Hair Salon Big Box & Wholesale Store Building Supply Pharmacy Gym & Fitness Center Hotel & Motel Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Show Low
    County
    Navajo
    State
    Arizona
    Longitude
    -110.010192
    Latitude
    34.256714

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    FAQs

    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.
    (928) 242-1048
    We can help!
    Listing Contact
    Liz Engelhart
    Liz Engelhart
    Real Estate License ID: BR558301000
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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
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