Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Restaurant Building on Large Lot Title is generated by Realmo AI

    1111 S Beeline Hwy, Payson, AZ 85541

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Restaurant building for sale on a 0.75 acre lot.

    Type:Land, Office, Retail
    Property size:
    3,000 SF
    Lot size:
    0.75 Acres
    Price / SF:
    $500/SF
    Added:
    Mar 9, 2026
    Days on Market:
    64
    Last Refresh:
    Mar 19 at 10:11 pm

    Property Features for 1111 S Beeline Hwy

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Lot size
    0.75 Acres
    Property subtype
    Land, Office, Retail

    We can help!

    Listing Contact
    Chantel Gutierrez-Davis
    Chantel Gutierrez-Davis

    Listing agent Chantel Gutierrez-Davis License #BR684490000

    Listing office Rise 24 Real Estate LLC

    Listing date Mar 9, 2026

    Source Crexi

    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 Rise 24 Real Estate LLC

    HighLights

    • Restaurant building with 3,000 under roof SF.
    • 7 water credits with the town of Payson.
    • Zoned C‑2.
    • .75 acre lot.
    • Building rebuilt in 1993 with recent updates.
    • Billboard currently on property with long‑term lease in place.

    Overview

    A 3,000 square foot restaurant building is available for sale. The property is situated on a 0.75 acre lot and is zoned C-2. The building was rebuilt in 1993 and has been recently updated. The property includes 7 water credits with the town of Payson. A billboard is currently located on the property and has a long-term lease in place.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Payson
    County
    Gila
    State
    Arizona
    Longitude
    -111.3306126
    Latitude
    34.2259595

    Nearby Similar for Sale

    • $595,000
      3,650 SF

      Payson Multifamily Income Opportunity

      Three detached homes on a large lot near dining.
      205 S Ponderosa Street, Payson, AZ 85541
      View Details
    • $89,000

      Payson Homesite Bordering National Forest

      Premier 0.54-acre homesite in The Rim Golf Club.
      3010 E Arrow Point, Payson, AZ 85541
      View Details
    • $99,000

      Residential Land in Rim Golf

      Homesite in prestigious Rim Golf Club, Payson, Arizona.
      3008 E Arrow Point, Payson, AZ 85541
      View Details
    • $845,000
      5,575 SF

      Remodeled Medical Office Building

      Two-level, 5575 sq ft medical office building for sale.
      404 W Main Street, Payson, AZ 85541
      View Details
    • $359,000

      Payson Land with Mountain Views

      1.34 acre lot with panoramic views and majestic boulder.
      704 S Prestwick --, Payson, AZ 85541
      View Details
    • $339,500
      1,141 SF

      Christopher Creek Commercial Property For Sale

      Versatile commercial property in Christopher Creek with residential conversion potential.
      1389 E Christopher Creek Loop, Payson, AZ 85541
      View Details
    • $109,900

      Payson Land with Panoramic Views

      Exceptional lot in Pine Ridge neighborhood with city and mountain views.
      208 E RIDGE Lane, Payson, AZ 85541
      View Details
    • $110,000

      Residential Land with Rim Views

      Sloped 0.18-acre lot with Mogollon Rim views in Payson.
      1911 E STARLIGHT Pass, Payson, AZ 85541
      View Details
    • $64,900

      Land Backing National Forest

      Homesite in The Rim Golf Club backing national forest.
      3109 E Game Trail, Payson, AZ 85541
      View Details
    • $1,695,000
      6,550 SF

      Turnkey Cabin Hotel Near Forest

      Boutique short-term rental property with six cabins near Tonto Forest.
      1022 S Hunter Creek Drive, Payson, AZ 85541
      View Details
    • $139,000

      Payson Land with Hunter Cabins

      1.11 acres of land with two hunter cabins.
      16xx W Munsee Drive, Payson, AZ 85541
      View Details
    • $29,900

      Land Parcel in Chaparral Pines

      Homesite in gated golf community, ideal for custom home.
      2319 E Scarlet Bugler Circle, Payson, AZ 85541
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant building for sale on a 0.75 acre lot.
    Where is this restaurant located?
    The property is located at 1111 S Beeline Hwy Payson, AZ.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Restaurant building with **3,000 under roof SF.**; **7 water credits** with the town of Payson.; Zoned C‑2.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chantel Gutierrez-Davis
    Chantel Gutierrez-Davis
    Real Estate License ID: BR684490000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1111 S Beeline Hwy, Payson, AZ 85541
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!