Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    307 S Beeline HWY Payson, AZ 85541

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $10 SF/Yr $6,281/Mo (calc)

    Retail space for lease in renovated Payson Plaza.

    Type:retail.neighborhood_center
    Property size:
    7,538 SF
    Added:
    Mar 7, 2026
    Days on Market:
    46
    Last Refresh:
    Mar 7 at 7:03 pm

    Property Features for 307 S Beeline HWY

    General Information

    Standard status
    Active
    Size
    7,538 SF
    Property subtype
    retail.neighborhood_center

    Building Details

    Year Built
    1972

    We can help!

    Listing Contact
    Matt Schrauth
    Matt Schrauth

    Listing agent Matt Schrauth License #SA033269000

    Listing office Avison Young | Phoenix

    Listing date Mar 7, 2026

    Source Avisonyoung

    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 Avison Young | Phoenix

    Overview

    Payson Plaza Retail Space

    Located at 307 S Beeline HWY, Payson, AZ 85541, Payson Plaza offers retail space for lease. The center was renovated in 2019. The property benefits from high traffic counts on SR-87 in front of the property. A new monument sign and sign towers provide visibility. The property is located in the heart of the town. The available restaurant space includes equipment such as two walk-in coolers, one walk-in freezer, a hood and Ansul system, and a triple compartment sink. The property size is 7538 square feet.
    Location Intelligence

    Current Use by Public Records

    Democratic Club Northern ... Advocacy Group Vanquish MMA & Jiu ... Training Center Smoke on the rim (Bike/Boat/Book/etc) Store Arizona Fitness Club Gym & Fitness Center Payson Barber Shop Barber Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Sawmill Crossing — 201 W Main St, Payson, AZ 85541

    Location Insight

    • Map
    • Local Demand
    City
    Payson
    County
    Gila
    State
    Arizona
    Longitude
    -111.3228979
    Latitude
    34.237205

    Nearby Similar for Lease

    • Contact for pricing

      Freestanding Building on Beeline Highway

      High-visibility retail space in Payson's main thoroughfare.
      312 S Beeline Hwy, Payson, AZ 85541
      View Details
    • Contact for pricing

      Payson Retail Center Spaces Available

      Retail spaces available in dominant neighborhood center, Payson, Arizona.
      142 AZ-260, Payson, AZ 85541
      View Details
    • Contact for pricing

      Payson Retail Center For Rent

      Retail center in Payson with highway access and high visibility.
      400 AZ-260, Payson, AZ
      View Details
    • Contact for pricing

      Retail Space in Payson Center

      Retail spaces available in a primary Payson shopping center.
      128-254 Arizona 260, Payson, AZ
      View Details
    • Contact for pricing

      Rim Country Mall Retail Space

      Retail spaces available at Rim Country Mall.
      AZ 87 (Beeline Hwy) & AZ 260, Payson, AZ 85541
      View Details
    • Contact for pricing

      Retail Space in Busy Center

      Retail space available in Safeway-anchored shopping center on Highway 260.
      203-321 E Hwy 260 , Payson, AZ
      View Details
    • $10/mo

      Retail Space For Lease

      Retail space available for lease.
      307 S Beeline Hwy, Payson, AZ 85541
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space for lease in renovated Payson Plaza.
    Where is this shopping center located?
    The property is located at 307 S Beeline HWY Payson, AZ.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: High traffic location on SR‑87; Newly renovated center (2019); Excellent visibility with new monument sign/sign towers
    (602) 684-6209
    We can help!
    Listing Contact
    Matt Schrauth
    Matt Schrauth
    Real Estate License ID: SA033269000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!