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 Market130
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
(602) 290-3643
Listed By:
Melody Bramer · License #AZ SA526989000
Source:
Crexi
Added: Apr 23
Changed: Aug 29
Last Checked: Aug 29 at 6:49PM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,965
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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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
