Freestanding Storefront
For Sale
$249,000
Pending
437 W Butterfield Road, Chino Valley, AZ 86323
Commercial Sale, Chino Valley, AZ
Property Size720 SF
Lot Size0.51 Acres
Days on Market35
Property Features for 437 W Butterfield Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
CL
Zoning description
l
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
12
Interior features
Ceiling Fan(s)
Exterior features
Fence, Handicap Access, Storage
Fencing
Fenced
Accessibility
Accessible Approach with Ramp
Directions
From Downtown Chino Valley (Safeway Center), Head north on State Route 89 for approximately 0.75 miles. Turn left (west) onto W. Butterfield Road. The property will be on your left in about 0.15 miles, immediately adjacent to Casa Grande Mexican Restaurant and just before Horizon Way.
Standard status
Pending
Lot size
0.51 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LUNA ESTATES SUBD (AMENDED) E2 OF LOT 4
Tax Annual Amount
1264
Legal Description
LUNA ESTATES SUBD (AMENDED) E2 OF LOT 4
Utilities
Utilities
Propane
Heating system
Propane (Heating)
Cooling system
Gas (Cooling), Ceiling Fan(s)
Water source
Private, Well
Building Details
Year built
1991
Floors in Building
1
Number of units
1
Flooring type
Carpet, Vinyl
Building materials
Frame, Stucco
Roof type
Asphalt
Additional Structures
Storage
Listing Agency:
Better Homes And Gardens Real Estate Bloomtree Realty
(928) 443-8800
Listed By:
Raymond G. Zogob · License #SA553424000
(619) 997-3329
Added: Aug 2
Changed: Sep 5
Last Checked: Sep 5 at 2:06AM
MLS# 1084108
Copyright © 2026 Prescott Area 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 freestanding storefront property includes a reception and waiting area, two private offices, a dedicated workstation, and one restroom. The building has frame and stucco construction, carpet and vinyl flooring, an accessible ramp, storage, fencing, propane service, and a private well. It was built in 1991 and includes ceiling fans and gas cooling.
The property sits on a 0.51-acre lot zoned Commercial Light (CL) in Chino Valley, Arizona, near State Route 89. On-site parking is accessible from each side of the building, while the fenced perimeter provides defined outdoor space. The configuration supports retail, office, and other commercial uses identified for the zoning designation.
The property sits on a 0.51-acre lot zoned Commercial Light (CL) in Chino Valley, Arizona, near State Route 89. On-site parking is accessible from each side of the building, while the fenced perimeter provides defined outdoor space. The configuration supports retail, office, and other commercial uses identified for the zoning designation.
Key Highlights
- 0.51‑acre lot zoned Commercial Light (CL)
- Approximately 720 sf building with reception area, two offices, workstation, and restroom
- Freestanding storefront near State Route 89
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
$12,481
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
5.01%
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%
$249,620
$249.6K
Cap Rate 7%
$178,300
$178.3K
Cap Rate 9%
$138,678
$138.7K
Market Conditions
NOI Build-Up for 720 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
$18.7K $26.04/SF
− Vacancy
−$919 −$1.28/SF
EGI
$17.8K $24.76/SF
− OpEx
−$5.3K −$7.43/SF
NOI
$12.5K $17.33/SF
Area
Yavapai County, AZ
Vacancy
4.90%
Lease Rate
$26.04 /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%
$249,620
Cap Rate 7%
$178,300
Cap Rate 9%
$138,678
Alternative Uses
Best Use
Retail
$178.3K
$156.0K – $208.0K
NOI $12,481 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$241.2K
$211.1K – $281.4K
NOI $16,884 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
59k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 39%
McDonald's
Dining
19,780 visits/mo
0.3 miles
Circle K
Shops & Services
17,432 visits/mo
0.2 miles
Chase Bank
Shops & Services
7,060 visits/mo
0.2 miles
Family Dollar
Shops & Services
5,922 visits/mo
0.2 miles
Pizza Hut
Dining
2,541 visits/mo
0.2 miles
Demographics for 86323, AZ
18,422
Population
8,541
Households
2.2
Avg Household Size
51
Median Age
19%
College-Educated
90%
High-School Grad
114.7 sq mi
ZIP Area
161
Density / Sq Mi
$62,815
Median Household Income
$37,385
Median Earnings
$1,167
Median Rent
$349,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Old Soul Floral — 1174 az-89 unit 1, chino valley, az 86323
- The Watering Can flower shoppe — 323 W Butterfield Rd, Chino Valley, AZ 86323
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial building with office areas, customer reception space, fencing, and on-site parking.
Where is this storefront property located?
The property is located at 437 W Butterfield Road Chino Valley, AZ.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 0.51‑acre lot zoned Commercial Light (CL); Approximately 720 sf building with reception area, two offices, workstation, and restroom; Freestanding storefront near State Route 89
