Recently Remodeled Shopping
For Sale
Contact for pricing
4460 S White Mountain Rd, Show Low, AZ 85901
Recently remodeled shopping center zoned C2 with strong visibility from State Highway 260 in Show Low, AZ.
Property Size2,400 SF
Price / SF$250
Days on Market2545
Property Features for 4460 S White Mountain Rd
General Information
Standard status
Active
Size
2,400 SF
Property subtype
RETAIL
Zoning
C2
Additional Details
Anchor Co-Tenants
Ross, Big 5, Harbor Freight Tools, JC Penney, Dollar Tree, Boot Barn, Petsense, Sportsman’s Warehouse, Big Lots, GameStop, Aaron’s, Verizon
Building Details
Tenancy
Multi
Listing Agency:
Capital Asset Management (CAM CRE)
(602) 489-7990
Listed By:
Jennifer Gabrych · License #SA658783000
(602) 386-5692
Source:
Moodyscre
Added: Sep 27, 2019
Changed: Aug 14
Last Checked: Sep 14 at 8:55AM
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 Capital Asset Management (CAM CRE)
Investment Insights
Based on property information with market context.
Recently remodeled shopping center available for sale, with zoning designated C2, General Commercial. The property totals 2,400 SF.
Located at 4460 S White Mountain Rd in Show Low, AZ 85901, the center benefits from excellent visibility from State Highway 260, a major thoroughfare to NE Arizona and the White Mountains. Show Low serves as the regional commercial and service hub for a broader 50-mile radius.
Co-tenancy at the center includes retailers such as Ross, Big 5, Harbor Freight Tools, JC Penney, Dollar Tree, Boot Barn, Petsense, Sportsman’s Warehouse, Big Lots, and additional tenants including GameStop, Aaron’s, and Verizon.
Located at 4460 S White Mountain Rd in Show Low, AZ 85901, the center benefits from excellent visibility from State Highway 260, a major thoroughfare to NE Arizona and the White Mountains. Show Low serves as the regional commercial and service hub for a broader 50-mile radius.
Co-tenancy at the center includes retailers such as Ross, Big 5, Harbor Freight Tools, JC Penney, Dollar Tree, Boot Barn, Petsense, Sportsman’s Warehouse, Big Lots, and additional tenants including GameStop, Aaron’s, and Verizon.
Key Highlights
- Recently remodeled shopping center
- Zoned C2, General Commercial
- 2,400 SF shopping center
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
$41,604
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
6.93%
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%
$832,080
$832.1K
Cap Rate 7%
$594,343
$594.3K
Cap Rate 9%
$462,267
$462.3K
Market Conditions
NOI Build-Up for 2,400 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
$62.5K $26.04/SF
− Vacancy
−$3.1K −$1.28/SF
EGI
$59.4K $24.76/SF
− OpEx
−$17.8K −$7.43/SF
NOI
$41.6K $17.33/SF
Area
Navajo County, AZ
Vacancy
4.90%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
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%
$832,080
Cap Rate 7%
$594,343
Cap Rate 9%
$462,267
Alternative Uses
Best Use
Retail
$594.3K
$520.1K – $693.4K
NOI $41,604 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$652.2K
$570.7K – $760.9K
NOI $45,653 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
245k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 37%
Dining 28%
Shops & Services 17%
Superstores 10%
Ross Dress for Less
Apparel
28,306 visits/mo
0.2 miles
Big Lots
Superstores
25,518 visits/mo
0.3 miles
Circle K
Shops & Services
25,153 visits/mo
0.5 miles
Jack in the Box
Dining
17,687 visits/mo
0.2 miles
Dollar Tree
Shops & Services
16,995 visits/mo
0.2 miles
Demographics for 85901, AZ
18,701
Population
12,437
Households
1.5
Avg Household Size
49
Median Age
26%
College-Educated
94%
High-School Grad
263.1 sq mi
ZIP Area
71
Density / Sq Mi
$60,313
Median Household Income
$37,466
Median Earnings
$1,009
Median Rent
$256,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Recently remodeled shopping center zoned C2 with strong visibility from State Highway 260 in Show Low, AZ.
Where is this shopping center located?
The property is located at 4460 S White Mountain Rd Show Low, AZ.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Recently remodeled shopping center; Zoned C2, General Commercial; 2,400 SF shopping center
