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

    990 N State Route 89 Chino Valley, AZ 86323

    Sponsored
    For Lease
    $12 SF/Yr

    COMMERCIAL - Chino Valley, AZ

    Type:Retail
    Lot size:
    0.92 Acres
    Days on Market:
    148
    Last Refresh:
    Feb 2 at 2:06 pm

    Property Features for 990 N State Route 89

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Security features
    Security
    Zoning
    CH
    Parking
    40
    Interior features
    Security/Alarm
    Exterior features
    Handicap Access
    Accessibility
    Accessible Approach with Ramp
    Lot size
    0.92 Acres

    Utilities

    Utilities
    Phone Available
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1994
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Frame, Stucco
    Roof type
    Rolled Hot Mop

    We can help!

    Listing Contact
    Raymond Zogob
    Raymond Zogob

    Better Homes And Gardens Real Estate Bloomtree Realty (928) 848-3400

    Listing agent Raymond G. Zogob (619) 997-3329

    Listing date Sep 8, 2025

    MLS# 1076251

    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.

    Learn more

    Property Insight Report

    Overview

    Chino Valley Retail Flex Space

    Located in the heart of the Chino Valley business district, this retail or commercial flex space is available for lease. The space, currently operating as additional overflow space, is approximately 1,500 square feet and offered as a sublease. It features two roll-up doors providing drive-through access on the north and south sides, along with one restroom and shower. Over 40 on-site parking spaces are available. Situated on 0.92 acres of commercially zoned land, the 10,476 square foot building benefits from street and highway frontage, monument signage, and highway visibility at the southwest signalized corner. The property is served by city water and sewer. Located at the same intersection as a Safeway grocery store, Walgreens drug store, Napa Auto, Dollar General, Sonic, Kentucky Fried Chicken, Taco Bell, OneAZ Credit Union, Burger King, and Sherwin-Williams Paint Store, this suite is suitable for high-traffic retail, restaurant, automotive, or businesses needing flex space. Current co-tenants include The Skillet Cafe, Hold Fast Tattoo, and Vapenado Smoke Shop.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Chino Valley
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.454549
    Latitude
    34.759882

    Nearby Similar for Lease

    • $6,000 /Mo
      45,738 SF

      Chino Valley Commercial Space Available

      Functional warehouse and office space in growing Chino Valley corridor.
      343 Commercial Way, Chino Valley, AZ 86323
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space in Growing Area

      Retail space available in a growing Prescott, Arizona trade-area.
      380 Butterfield Rd, Chino Valley, AZ 86323
      View Details
    • Contact for pricing

      Fully Leased Retail Center

      Retail center in Chino Valley, Arizona, currently 100% leased.
      1950 Sr 89, Chino Valley, AZ
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail or commercial flex space in Chino Valley business district.
    Where is this retail space located?
    The property is located at 990 N State Route 89 Chino Valley, AZ.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Prime location at a signalized corner of SR 89 & Road 2 North with high visibility and highway frontage.; - Located in the heart of the Chino Valley business district with proximity to major retailers.; - Flexible space suitable for retail, restaurant, automotive, or other businesses.
    (619) 997-3329
    Request Owner's contact information
    990 N State Route 89 Chino Valley, AZ 86323
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    Chino Valley, AZ 86323
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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
    990 N State Route 89 Chino Valley, AZ 86323
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    We can help!
    Listing Contact
    Raymond Zogob
    Raymond Zogob
    Real Estate License ID: SA553424000
    (619) 997-3329
    Learn more
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