Freestanding Restaurant with
For Sale
$1,499,000
1481 W State Route 89a, Clarkdale, AZ 86324
Vacant restaurant property with an upgraded kitchen, storage, patio seating, and on-site parking.
Property Size5,083 SF
Price / SF$294.90
Days on Market192
Property Features for 1481 W State Route 89a
General Information
Standard status
Active
Size
5,083 SF
Property subtype
Commercial
Zoning
C
Restaurant
Patio
Yes
Equipment Included
Yes
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$11,951
Amenities
water fountains
Building Details
Building Size
5,083 SF
Year Built
2006
Buildings
2
Stories
1
Listing Agency:
Linton Real Estate, LLC
(928) 600-3974
Listed By:
Michelle Linton
(928) 600-3974
Source:
Aznewhorizonrealty
Added: Jan 28
Changed: Aug 6
Last Checked: Aug 8 at 12:41PM
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 Linton Real Estate, LLC
Investment Insights
Based on property information with market context.
This vacant restaurant property contains 5,083 SF with a 4,000 SF kitchen and dining area, storage space, patio seating, and water fountains. The kitchen has been upgraded, while the exterior paint has been refreshed. Built in 2006, the building is situated on a 1.75-acre commercially zoned lot and includes abundant parking.
Located at 1481 W State Route 89A in Clarkdale, the property offers visibility along Hwy 89A. The sale also includes an adjacent lot that may be split or retained separately. There are no existing leases or operating income, providing a vacant owner-user or redevelopment setting. The zoning designation is C.
Located at 1481 W State Route 89A in Clarkdale, the property offers visibility along Hwy 89A. The sale also includes an adjacent lot that may be split or retained separately. There are no existing leases or operating income, providing a vacant owner-user or redevelopment setting. The zoning designation is C.
Key Highlights
- 5,083 SF vacant restaurant building on 1.75 acres
- Upgraded 4,000 SF kitchen and dining area
- Patio seating, storage, and water fountains
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
$67,582
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
4.51%
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%
$1,351,640
$1.4M
Cap Rate 7%
$965,457
$965.5K
Cap Rate 9%
$750,911
$750.9K
Market Conditions
NOI Build-Up for 5,083 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
$96.4K $18.96/SF
− Vacancy
−$6.3K −$1.23/SF
EGI
$90.1K $17.73/SF
− OpEx
−$22.5K −$4.43/SF
NOI
$67.6K $13.30/SF
Area
Yavapai County, AZ
Vacancy
6.50%
Lease Rate
$18.96 /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%
$1,351,640
Cap Rate 7%
$965,457
Cap Rate 9%
$750,911
Alternative Uses
Best Use
Specialty Retail
$965.5K
$844.8K – $1.13M
NOI $67,582 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.70M
$1.49M – $1.99M
NOI $119,195 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway 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 property with an upgraded kitchen, storage, patio seating, and on-site parking.
Where is this conventional restaurant located?
The property is located at 1481 W State Route 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: 5,083 SF vacant restaurant building on 1.75 acres; Upgraded 4,000 SF kitchen and dining area; Patio seating, storage, and water fountains
