Storefront Property With Log
For Sale
$449,900
182 W White Mountain Blvd, Lakeside, AZ 85929
Two distinct commercial buildings combine adaptable space with a historic mountain character and direct main-corridor exposure.
Property Size1,706 SF
Price / SF$263.72
Days on Market198
Property Features for 182 W White Mountain Blvd
General Information
Standard status
Active
Size
1,706 SF
Property subtype
Commercial
Zoning
C1
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1946
Buildings
2
Listing Agency:
Advantage Realty Professionals
(928) 242-3192
Listed By:
Shawn Wirtz · License #SA660758000
Source:
Findallphoenixhomelistings
Added: Feb 13
Changed: Aug 29
Last Checked: Aug 25 at 6:18AM
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 Advantage Realty Professionals
Investment Insights
Based on property information with market context.
This C1-zoned storefront property includes 1,706 square feet across two separate buildings at 182 W White Mountain Boulevard. The 840-square-foot building, constructed in 1999, has updated heating and cooling, a recently repaired metal roof, and a clean layout suited to retail, office, studio, or service operations. A separate 866-square-foot log cabin, built in 1946, retains its original log construction and chinking, along with a Malapai stone fireplace, attached bathroom, and new shingle roof.
The property sits directly on the main corridor in Lakeside and is adjacent to the Safeway and Goodwill shopping centers. Mature Ponderosa pines surround the buildings, adding a distinctive setting to the commercial improvements. The combination of a functional contemporary structure and a historic cabin provides two different physical environments within one storefront property.
The property sits directly on the main corridor in Lakeside and is adjacent to the Safeway and Goodwill shopping centers. Mature Ponderosa pines surround the buildings, adding a distinctive setting to the commercial improvements. The combination of a functional contemporary structure and a historic cabin provides two different physical environments within one storefront property.
Key Highlights
- 1,706 SF across two commercial buildings
- C1 zoning with direct main‑corridor exposure
- 840 SF building constructed in 1999 with updated heating and cooling
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
$29,573
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
6.57%
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%
$591,460
$591.5K
Cap Rate 7%
$422,471
$422.5K
Cap Rate 9%
$328,589
$328.6K
Market Conditions
NOI Build-Up for 1,706 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
$44.4K $26.04/SF
− Vacancy
−$2.2K −$1.28/SF
EGI
$42.2K $24.76/SF
− OpEx
−$12.7K −$7.43/SF
NOI
$29.6K $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%
$591,460
Cap Rate 7%
$422,471
Cap Rate 9%
$328,589
Alternative Uses
Best Use
Retail
$422.5K
$369.7K – $492.9K
NOI $29,573 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$463.6K
$405.7K – $540.9K
NOI $32,452 @ 7.0% cap · market cap 7.21%
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
241
Businesses Nearby
19k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 66%
Shops & Services 34%
Goodwill
Apparel
12,272 visits/mo
0.3 miles
Chase Bank
Shops & Services
6,261 visits/mo
0.4 miles
Demographics for 85929, AZ
8,040
Population
5,089
Households
1.6
Avg Household Size
51
Median Age
23%
College-Educated
88%
High-School Grad
34.1 sq mi
ZIP Area
236
Density / Sq Mi
$56,837
Median Household Income
$36,535
Median Earnings
$1,117
Median Rent
$250,100
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?
Storefront property - Two distinct commercial buildings combine adaptable space with a historic mountain character and direct main-corridor exposure.
Where is this storefront property located?
The property is located at 182 W White Mountain Blvd Lakeside, AZ.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 1,706 SF across two commercial buildings; C1 zoning with direct main‑corridor exposure; 840 SF building constructed in 1999 with updated heating and cooling
