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    Commercial Property with Expansion Potential Title is generated by Realmo AI

    113 W Cedar Ln, Payson, AZ 85541

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    New
    Picture of Self storage facilities at 113 W Cedar Ln, Payson, AZ
    For Sale
    $1,850,000

    Commercial Building - Payson, AZ

    Property size:
    2,490 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $742/SF
    Added:
    May 29, 2026
    Days on Market:
    2
    Last Refresh:
    May 30 at 10:06 am

    Property Features for 113 W Cedar Ln

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    000000-000.000-0000-000.000
    Size
    2,490 SF
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Propane (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1975
    Year renovated
    1975
    Roof type
    Tile
    Architectural style
    Other

    We can help!

    Listing Contact
    Robert Clarfield
    Robert Clarfield

    Listing agent Robert Clarfield

    Listing office AM/PM REALTY GROUP LLC 21640 N 19TH AVENUE, PHOENIX, AZ

    Listing date May 29, 2026

    MLS# 11797570 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic location on 1.43 acres at the intersection of 104 W Phoenix St and 113 W Cedar Ln.
    • Established storage facility with strong occupancy rate and potential for growth.
    • Over 40 climate‑controlled units with infrastructure primed for expansion.
    • Includes a garage building with an existing lease providing an extra 30 units.
    • Two separate apartments included, offering additional rental income or living accommodations.
    • Zoned C2 and C3, providing versatile opportunities for commercial expansion.

    Overview

    Located at the intersection of 104 W Phoenix St and 113 W Cedar Ln, this commercial property known as ''City Storage'' occupies 1.43 acres. The storage facility has a high occupancy rate, indicating market demand and potential for growth. The property includes over 40 climate-controlled units across two buildings, with infrastructure designed for expansion. The property at 113 W Cedar Ln offers opportunities for development or space for 20 RV parking spots, while the property at 104 W Phoenix St has 36 spaces and is 66% occupied. The property also features a garage building with an 18-month remaining lease, providing an additional 30 units. Each building includes an apartment, offering rental income or living accommodations. The parcels are zoned C2 (104 W Phoenix St, 0.93 Ac.) and C3 (113 W Cedar, 0.50 Ac.), allowing for commercial expansion and investment. The building size is 2490 square feet. The lot size is 0.5 acres. The property is located in Payson, AZ.
    Property Profile Location Intelligence

    Current Use by Public Records

    City Storage Storage Facility Payson Plumbing Solutions Plumbing Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Payson
    County
    Gila
    State
    Arizona
    Longitude
    -111.330444
    Latitude
    34.227318

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    FAQs

    What type of property is this?
    Self storage facility - Thriving storage business on 1.43 acres with expansion opportunities.
    Where is this self storage facility located?
    The property is located at 113 W Cedar Ln Payson, AZ.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: High‑traffic location on 1.43 acres at the intersection of 104 W Phoenix St and 113 W Cedar Ln.; Established storage facility with strong occupancy rate and potential for growth.; Over 40 climate‑controlled units with infrastructure primed for expansion.
    (480) 239-7793
    We can help!
    Listing Contact
    Robert Clarfield
    Robert Clarfield
    Request Owner's contact information
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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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