Building Details

Year built 1954

Roof type Metal

Listing Agency: RE/MAX Fine Properties · RE/MAX International g***@fineprop.com

Listed By: Weston T Foster Show Phone

Added: Jun 4 Changed: Oct 2 Last Checked: Oct 20 at 5:06AM

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MLS# 204777

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Investment Insights

Based on property information with market context.

Cowper Garage occupies a 744-square-foot commercial building at 268 W Lewis Avenue in Ash Fork, Arizona. Built in 1954, the property is suited to automotive or mechanical use and includes a metal roof, fencing, and natural gas availability. The site is zoned PS and encompasses 0.33 acres.

The property is positioned along Arizona Route 66 and previously operated as a community gas station. Its current garage use, established commercial improvements, and lot area provide a straightforward setting for continued automotive operations or another permitted commercial application. The property is located in Yavapai County, with a 86320 ZIP code.

Key Highlights

• 744‑square‑foot commercial building
• 0.33‑acre fenced lot
• Built in 1954

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,368

Cap Rate

4.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$287,360 $287.4K

Cap Rate 7%

$205,257 $205.3K

Cap Rate 9%

$159,644 $159.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 744 SF

Gross rent

$21.6K $29.04/SF

− Vacancy

−$1.1K −$1.45/SF

EGI

$20.5K $27.59/SF

− OpEx

−$6.2K −$8.28/SF

NOI

$14.4K $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 Rate 5%

$287,360

Cap Rate 7%

$205,257

Cap Rate 9%

$159,644

Alternative Uses

Best Use

Industrial

$205.3K

$179.6K – $239.5K (±1% cap)

NOI $14,368 @ 7.0% cap · market cap 4.11%

Second Best

Retail

$184.2K

$161.2K – $215.0K (±1% cap)

NOI $12,897 @ 7.0% cap · market cap 3.68%

Theoretical Best

Warehouse

$249.2K

$218.1K – $290.8K (±1% cap)

NOI $17,447 @ 7.0% cap · market cap 4.98%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Auto shops

Location Intelligence

Trade Area within ½ mile

105

Businesses Nearby

9k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Shell Shops & Services

5,091 visits/mo 0.2 miles

Family Dollar Shops & Services

3,472 visits/mo 0.2 miles

Demographics for 86320, AZ

2,111

Population

1,349

Households

1.6

Avg Household Size

55

Median Age

13%

College-Educated

82%

High-School Grad

806.8 sq mi

ZIP Area

3

Density / Sq Mi

$43,553

Median Household Income

$41,131

Median Earnings

$1,063

Median Rent

$186,600

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Similar Off Market Nearby

• Murphys Truck Repair — 46467 N Murphy Ave, Ash Fork, AZ 86320
• Cowper Garage — 268 Lewis Ave, Ash Fork, AZ 86320

Frequently Asked Questions

What type of property is this?

Auto shop - Fenced commercial property with a metal roof and natural gas available.

Where is this auto shop located?

The property is located at 268 W Lewis Avenue Ash Fork, AZ.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: 744‑square‑foot commercial building; 0.33‑acre fenced lot; Built in 1954