Freestanding Restaurant with
New
For Sale
$699,900
277 W Duval Rd, Green Valley, AZ 85614
Established restaurant property with a commercial kitchen, dining area, storage, and on-site parking.
Property Size2,847 SF
Price / SF$245.84
Days on Market7
Property Features for 277 W Duval Rd
General Information
Standard status
Active
Size
2,847 SF
Additional Details
Furnished
Yes
Business Included
Yes
Equipment Included
Yes
Building Details
Year Built
1990
Listing Agency:
Keller Williams Southern Arizona
(520) 534-2707
Listed By:
Anthony Boatner
Source:
Wowrealestate
Added: Aug 24
Changed: Aug 29
Last Checked: Aug 29 at 9:10AM
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 Keller Williams Southern Arizona
Investment Insights
Based on property information with market context.
This freestanding restaurant property includes the real estate, operating business, furniture, fixtures, and equipment. The 2,847-square-foot building was constructed in 1990 and includes a fully equipped commercial kitchen, dining area, bar, storage, and back-of-house space. On-site parking supports customer access and daily operations.
The property is located on W. Duval Road in Green Valley, near residential neighborhoods, retail, and medical facilities. The existing configuration supports continued restaurant use or adaptation to a new dining concept, with the business assets and FF&E included in the sale.
The property is located on W. Duval Road in Green Valley, near residential neighborhoods, retail, and medical facilities. The existing configuration supports continued restaurant use or adaptation to a new dining concept, with the business assets and FF&E included in the sale.
Key Highlights
- 2,847‑square‑foot freestanding restaurant property
- Business, furniture, fixtures, and equipment included
- Fully equipped commercial kitchen
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
$41,892
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
5.99%
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%
$837,840
$837.8K
Cap Rate 7%
$598,457
$598.5K
Cap Rate 9%
$465,467
$465.5K
Market Conditions
NOI Build-Up for 2,847 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
$57.1K $20.04/SF
− Vacancy
−$1.2K −$0.42/SF
EGI
$55.9K $19.62/SF
− OpEx
−$14.0K −$4.90/SF
NOI
$41.9K $14.71/SF
Area
Pima County, AZ
Vacancy
2.10%
Lease Rate
$20.04 /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%
$837,840
Cap Rate 7%
$598,457
Cap Rate 9%
$465,467
Alternative Uses
Best Use
Specialty Retail
$598.5K
$523.7K – $698.2K
NOI $41,892 @ 7.0% cap · market cap 5.99%
Second Best
Industrial
$257.7K
$225.5K – $300.7K
NOI $18,041 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$875.6K
$766.1K – $1.02M
NOI $61,290 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
67k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 53%
Shops & Services 32%
Dining 12%
Home Improvements & Furnishings 1%
Safeway
Groceries
35,762 visits/mo
0.2 miles
Circle K
Shops & Services
11,759 visits/mo
0.0 miles
Chevron
Shops & Services
4,646 visits/mo
0.5 miles
Arby's
Dining
3,400 visits/mo
0.5 miles
Napa Auto Parts
Shops & Services
3,395 visits/mo
0.3 miles
Demographics for 85614, AZ
25,789
Population
16,985
Households
1.5
Avg Household Size
71
Median Age
42%
College-Educated
95%
High-School Grad
131.9 sq mi
ZIP Area
196
Density / Sq Mi
$62,599
Median Household Income
$28,780
Median Earnings
$1,198
Median Rent
$272,900
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 - Established restaurant property with a commercial kitchen, dining area, storage, and on-site parking.
Where is this conventional restaurant located?
The property is located at 277 W Duval Rd Green Valley, AZ.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 2,847‑square‑foot freestanding restaurant property; Business, furniture, fixtures, and equipment included; Fully equipped commercial kitchen
