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    Heber, Arizona Commercial Building Title is generated by Realmo AI

    3407 Parkview, Heber, AZ 85928

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    For Sale
    $975,000

    Commercial building with business opportunity in Heber, Arizona.

    Property size:
    4,911 SF
    Price / SF:
    $198/SF
    Added:
    Sep 9, 2024
    Days on Market:
    643
    Last Refresh:
    May 13 at 8:51 pm

    Property Features for 3407 Parkview

    General Information

    Standard status
    Active
    Size
    4,911 SF
    Property subtype
    Other

    Building Details

    Year Built
    1990

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    Listing Contact
    Terri Kay

    Listing agent Terri Kay

    Listing office Realty Executives AZ Territory

    Listing date Sep 9, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Realty Executives AZ Territory

    HighLights

    • Established business opportunity in a superb location with high traffic.
    • Building suitable for an antique store, ice cream shop, or divided suites.
    • Fresh exterior paint (2 years old) and a relatively new roof (10 years old).
    • Ample parking and easy access.
    • Fenced outdoor storage area and large street sign.
    • Corner lot location on a paved country road.

    Overview

    This commercial building in Heber, Arizona, presents an opportunity to own a business. Currently configured as a large antique store and ice cream shop, the 4911-square-foot building can be divided into suites with the addition of walls. The exterior was painted two years ago, and the modified bitumen rubber roof is 10 years old. The property features parking, easy access, a fenced outdoor storage area, and a large street sign. The sellers are open to ideas regarding the acquisition of the business and/or building. The property benefits from an established local clientele and shoppers traveling through the Heber area.

    Local Financial Insights For Specialty Retail

    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 $103.1k $21.00
    − Vacancy −$6.7k −$1.37
    EGI $96.4k $19.64
    − OpEx −$24.1k −$4.91
    NOI $72.3k $14.73
    4,911 SF · lease $21.00/SF/yr · vacancy 6.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.03M
    $904.0K – $1.21M (±1% cap)
    NOI $72,321 @ 7.0% cap · market cap 7.42%
    Second Best
    Retail
    $848.6K
    $742.5K – $990.0K (±1% cap)
    NOI $59,399 @ 7.0% cap · market cap 6.09%
    Theoretical Best
    Office A
    $1.36M
    $1.19M – $1.58M (±1% cap)
    NOI $95,039 @ 7.0% cap · market cap 9.75%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Heber
    County
    Coconino
    State
    Arizona
    Longitude
    -110.632
    Latitude
    34.4386

    FAQs

    What type of property is this?
    Storefront property - Commercial building with business opportunity in Heber, Arizona.
    Where is this storefront property located?
    The property is located at 3407 Parkview Heber, AZ.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: Established business opportunity in a superb location with high traffic.; Building suitable for an antique store, ice cream shop, or divided suites.; Fresh exterior paint (2 years old) and a relatively new roof (10 years old).
    More about this property
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