Mixed-Use Property with
For Sale
Contact for pricing
1216 W Third St, Winslow, AZ 86047
Industrial and commercial zoning supports a live-work configuration with a separate food-service building and outdoor patio.
Property Size3,090 SF
Price / SF$161.81
Days on Market176
Property Features for 1216 W Third St
General Information
Standard status
Active
Size
3,090 SF
Property subtype
Industrial, Mixed Use, Retail
Zoning
Industrial and Commercial
Investment Type
Owner/User
Additional Details
Road Access
Yes
Patio
Yes
Building Details
Year Built
1978
Year Renovated
2020
Stories
2
Units
2
Listing Agency:
KW Commercial Integrity First Realty -- Mesa/Gilbert
Listed By:
Melody Bramer · License #AZ SA526989000
(602) 290-3643
Source:
Crexi
Added: Apr 23
Changed: Oct 3
Last Checked: Oct 14 at 11:21PM
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 KW Commercial Integrity First Realty -- Mesa/Gilbert
Investment Insights
Based on property information with market context.
This mixed-use property combines a live-work arrangement with a separate building currently configured for food service. The secondary structure includes an outdoor patio, while the overall site provides a combination of enclosed and open areas for commercial use. Industrial and Commercial zoning is in place, and the property fronts W Third St in Winslow, Arizona.
The 4.97 lot offers substantial exterior space alongside the existing improvements. The property has been identified for possibilities including a small restaurant or bar, vehicle-related operations, outside storage, and continued live-work use. Built in 1978, the site provides a flexible commercial setting with both street exposure and dedicated food-service space.
The 4.97 lot offers substantial exterior space alongside the existing improvements. The property has been identified for possibilities including a small restaurant or bar, vehicle-related operations, outside storage, and continued live-work use. Built in 1978, the site provides a flexible commercial setting with both street exposure and dedicated food-service space.
Key Highlights
- Industrial and Commercial zoning
- 4.97 lot with W Third St frontage
- Current live‑work use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,965
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$839,300
$839.3K
Cap Rate 7%
$599,500
$599.5K
Cap Rate 9%
$466,278
$466.3K
Market Conditions
NOI Build-Up for 3,090 SF
Gross rent
$77.5K $25.08/SF
− Vacancy
−$21.5K −$6.97/SF
EGI
$56.0K $18.11/SF
− OpEx
−$14.0K −$4.53/SF
NOI
$42.0K $13.58/SF
Area
Navajo County, AZ
Vacancy
27.80%
Lease Rate
$25.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$839,300
Cap Rate 7%
$599,500
Cap Rate 9%
$466,278
Alternative Uses
Best Use
Specialty Retail
$839.7K
$734.7K – $979.7K
NOI $58,779 @ 7.0% cap · market cap 11.76%
Second Best
Mixed Use
$683.2K
$597.8K – $797.1K
NOI $47,826 @ 7.0% cap · market cap 9.57%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Explore this area
Business Placement
Demographics for 86047, AZ
14,168
Population
4,932
Households
2.9
Avg Household Size
36
Median Age
8%
College-Educated
81%
High-School Grad
1,676.3 sq mi
ZIP Area
8
Density / Sq Mi
$50,062
Median Household Income
$29,846
Median Earnings
$875
Median Rent
$113,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Industrial and commercial zoning supports a live-work configuration with a separate food-service building and outdoor patio.
Where is this mixed-use property located?
The property is located at 1216 W Third St Winslow, AZ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Industrial and Commercial zoning; 4.97 lot with W Third St frontage; Current live‑work use
