Restaurant with Upgraded
For Sale
$1,499,000
1481 Az-89a, Clarkdale, AZ 86324
COMMERCIAL - Clarkdale, AZ
Property Size4,058 SF
Lot Size1.75 Acres
Price / SF$369.39
Days on Market375
Property Features for 1481 Az-89a
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
North State Route AZ 89A, Lincoln Drive roundabout, back to AZ 89A. Take a right on Paloma.
Subdivision
70 - Cottonwood/Clarkdale
Standard status
Active
APN
40626344a
Size
4,058 SF
Lot size
1.75 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
11843
Utilities
Utilities
Phone Available
Heating system
Heat Pump (Heating), Natural Gas
Cooling system
Central Air, Heat Pump
Amenities
water fountains
Building Details
Roof type
Tile
Listing Agency:
Linton Real Estate
(928) 779-4411
Listed By:
Michelle M Linton
(928) 600-3974
Added: Aug 12, 2025
Changed: Aug 17
Last Checked: Aug 21 at 7:06PM
MLS# 201874
Copyright © 2026 Northern Arizona Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This vacant conventional restaurant includes an upgraded 4,000-square-foot kitchen and dining area, storage, patio seating, and water fountains. The sale includes a fully equipped kitchen package, while recent exterior paint, tile roofing, central air, and heat-pump systems are also in place. The property is positioned on a 1.75-acre commercially zoned lot with abundant parking and frontage along Hwy 89A.
An adjacent lot is included in the sale and may be split, retained, or used for future expansion. Natural gas and phone service are available, supporting the existing restaurant improvements and additional commercial planning flexibility.
An adjacent lot is included in the sale and may be split, retained, or used for future expansion. Natural gas and phone service are available, supporting the existing restaurant improvements and additional commercial planning flexibility.
Key Highlights
- Upgraded 4,000 SF kitchen and dining area
- Vacant restaurant with fully equipped kitchen package
- 1.75‑acre commercially zoned lot
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
$78,366
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
5.23%
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%
$1,567,320
$1.6M
Cap Rate 7%
$1,119,514
$1.1M
Cap Rate 9%
$870,733
$870.7K
Market Conditions
NOI Build-Up for 4,058 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
$117.8K $29.04/SF
− Vacancy
−$5.9K −$1.45/SF
EGI
$112.0K $27.59/SF
− OpEx
−$33.6K −$8.28/SF
NOI
$78.4K $19.31/SF
Area
Yavapai County, AZ
Vacancy
5.00%
Lease Rate
$29.04 /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%
$1,567,320
Cap Rate 7%
$1,119,514
Cap Rate 9%
$870,733
Alternative Uses
Best Use
Industrial
$1.12M
$979.6K – $1.31M
NOI $78,366 @ 7.0% cap · market cap 5.23%
Second Best
Specialty Retail
$770.8K
$674.4K – $899.2K
NOI $53,954 @ 7.0% cap · market cap 3.60%
Theoretical Best
Warehouse
$1.36M
$1.19M – $1.59M
NOI $95,159 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
5k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,268 visits/mo
0.3 miles
Demographics for 86324, AZ
4,544
Population
2,593
Households
1.8
Avg Household Size
54
Median Age
24%
College-Educated
97%
High-School Grad
259.8 sq mi
ZIP Area
17
Density / Sq Mi
$32,637
Median Household Income
$28,026
Median Earnings
$897
Median Rent
$345,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Vacant restaurant with extensive kitchen and dining improvements, patio seating, storage, and on-site parking.
Where is this conventional restaurant located?
The property is located at 1481 Az-89a Clarkdale, AZ.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Upgraded 4,000 SF kitchen and dining area; Vacant restaurant with fully equipped kitchen package; 1.75‑acre commercially zoned lot
