Two-Unit Mixed-Use
For Sale
$175,000
495 S Avenue A, San Manuel, AZ 85631
Two occupied commercial suites are leased to a hair salon and a laundromat, with existing leases to be honored by the buyer.
Property Size1,600 SF
Price / SF$109.38
Days on Market1753
Property Features for 495 S Avenue A
General Information
Standard status
Active
Size
1,600 SF
Property subtype
COMMERCIAL
Occupancy
100%
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,452
Building Details
Building Size
1,600 SF
Year Built
1980
Buildings
1
Tenancy
Multi
Listing Agency:
HomeSmart Advantage Group
Listed By:
Bonnie Bushey · License #SA023691000
(520) 237-5204
Source:
Olhoracle
Added: Jan 13, 2022
Changed: Oct 30
Last Checked: Oct 30 at 2:44PM
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 HomeSmart Advantage Group
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Investment Insights
Based on property information with market context.
This 1,600-square-foot commercial building dates to 1980 and contains two tenant spaces. One is occupied by a hair salon and the other by a laundromat; both leases are in place, and a new owner must honor their terms. Salon equipment and laundry machines are tenant-owned and are excluded from the sale.
The building forms part of parcel 307-08-386. The stated property taxes apply to the full parcel rather than solely to this building.
The building forms part of parcel 307-08-386. The stated property taxes apply to the full parcel rather than solely to this building.
Key Highlights
- 1,600‑square‑foot building constructed in 1980
- Two occupied units: a hair salon and a laundromat
- Buyer must honor existing tenant leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,708
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,160
$314.2K
Cap Rate 7%
$224,400
$224.4K
Cap Rate 9%
$174,533
$174.5K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$24.0K $15.00/SF
− Vacancy
−$1.6K −$0.98/SF
EGI
$22.4K $14.03/SF
− OpEx
−$6.7K −$4.21/SF
NOI
$15.7K $9.82/SF
Area
Pinal County, AZ
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,160
Cap Rate 7%
$224,400
Cap Rate 9%
$174,533
Alternative Uses
Best Use
Retail
$224.4K
$196.4K – $261.8K
NOI $15,708 @ 7.0% cap · market cap 8.98%
Second Best
Mixed Use
$163.5K
$143.1K – $190.7K
NOI $11,444 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$442.3K
$387.1K – $516.1K
NOI $30,964 @ 7.0% cap · market cap 17.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Explore this area
Business Placement
Demographics for 85631, AZ
3,179
Population
1,602
Households
2
Avg Household Size
46
Median Age
11%
College-Educated
88%
High-School Grad
118.6 sq mi
ZIP Area
27
Density / Sq Mi
$47,969
Median Household Income
$31,315
Median Earnings
$740
Median Rent
$112,900
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two occupied commercial suites are leased to a hair salon and a laundromat, with existing leases to be honored by the buyer.
Where is this mixed-use property located?
The property is located at 495 S Avenue A San Manuel, AZ.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1,600‑square‑foot building constructed in 1980; Two occupied units: a hair salon and a laundromat; Buyer must honor existing tenant leases
