Listing Agency: Russ Lyon Sotheby's International Realty

Listed By: Shena Lee Korn · License #SA550964000 Show Phone

Source: Phoenixmetrohomefinder

Added: May 27, 2025 Changed: Oct 1 Last Checked: Oct 14 at 11:14PM

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$8,465

Cap Rate

5.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$169,300 $169.3K

Cap Rate 7%

$120,929 $120.9K

Cap Rate 9%

$94,056 $94.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,000 SF

Gross rent

$16.2K $16.20/SF

− Vacancy

−$810 −$0.81/SF

EGI

$15.4K $15.39/SF

− OpEx

−$6.9K −$6.93/SF

NOI

$8.5K $8.46/SF

Area

Coconino County, AZ

Vacancy

5.00%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$169,300

Cap Rate 7%

$120,929

Cap Rate 9%

$94,056

Alternative Uses

Best Use

Apartment 5plus

$120.9K

$105.8K – $141.1K (±1% cap)

NOI $8,465 @ 7.0% cap · market cap 5.64%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$276.5K

$241.9K – $322.5K (±1% cap)

NOI $19,352 @ 7.0% cap · market cap 12.90%

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

Property Analytics

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Current Use

Residential land & home ...

Suggested Use

Top Pick Garden Center Pet Grooming Service Bed & Breakfast Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

9

Businesses Nearby

Explore this area Business Placement

Demographics for 86046, AZ

6,310

Population

3,572

Households

1.8

Avg Household Size

48

Median Age

21%

College-Educated

90%

High-School Grad

917.4 sq mi

ZIP Area

7

Density / Sq Mi

$74,583

Median Household Income

$38,616

Median Earnings

$1,186

Median Rent

$367,800

Median Home Value

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Frequently Asked Questions

Where is this residential income property located?

The property is located at 3569 E Venice Dr Williams, AZ.

What is the asking price?

The asking price for this property is $150,000.