Sports Bar and
For Sale
$649,900
4207 W White Mountain Boulevard, Lakeside, AZ 85929
Commercial Sale, Lakeside, AZ
Property Size2,150 SF
Lot Size0.22 Acres
Price / SF$302.28
Days on Market97
Property Features for 4207 W White Mountain Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-R
Security features
Security System
Patio and Porch features
Patio
Exterior features
Smart Camera(s)/Recording
Subdivision
Lakeside Unsub
Directions
From Show Low or Pinetop look for Moose Henri's on the south side of White Mountain Blvd between Uhaul and Maverick.
Standard status
Active
APN
212-17-019A
Size
2,150 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Description
SECTION 15,T9N,R22E: BEG SW COR SECTION 15; TH E ALG SEC LINE 1978.4';TH N 16.5' TPOB; TH N 70.03' TO SLY R/W HWY 260;TH NWLY ALGR/W 75.48'; TH S39DG20'26 W 21.77';TH S 100.02';TH E 73'TPOB.
Tax Annual Amount
1788
Legal Description
SECTION 15,T9N,R22E: BEG SW COR SECTION 15; TH E ALG SEC LINE 1978.4';TH N 16.5' TPOB; TH N 70.03' TO SLY R/W HWY 260;TH NWLY ALGR/W 75.48'; TH S39DG20'26 W 21.77';TH S 100.02';TH E 73'TPOB.
Utilities
Heating system
Natural Gas
Cooling system
Evaporative Cooling
Building Details
Year built
1987
Roof type
Metal
Listing Agency:
Realty Executives Arizona Territory - Show Low
(928) 537-1145
Listed By:
Sean K Geary · License #BR515797000
(480) 220-0127
Added: Jun 19
Changed: Sep 13
Last Checked: Sep 23 at 1:06AM
MLS# 261803
Copyright © 2026 White Mountain Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property includes an operating bar and restaurant, the underlying commercial real estate, furniture, fixtures, equipment, inventory, and a Series 7 liquor license. The 2,150 square foot building was constructed in 1987 on 0.22 acres and includes a dining area, full-service bar, commercial kitchen, storage, front patio, and covered rear patio seating. Multiple televisions are installed for sports viewing, while smart cameras and recording support the premises. Natural gas heating, evaporative cooling, and a metal roof are also in place.
Located at 4207 W White Mountain Boulevard in Lakeside, the property has highway frontage and access along the corridor. The business has operated for over 17 years. Additional storage space may be suitable for commercial or residential conversion, subject to applicable approvals and regulations.
Located at 4207 W White Mountain Boulevard in Lakeside, the property has highway frontage and access along the corridor. The business has operated for over 17 years. Additional storage space may be suitable for commercial or residential conversion, subject to applicable approvals and regulations.
Key Highlights
- 2,150 square foot building on 0.22 acres
- Business, commercial real estate, furniture, fixtures, equipment, and inventory included
- Series 7 liquor license included
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
$40,898
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
6.29%
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%
$817,960
$818.0K
Cap Rate 7%
$584,257
$584.3K
Cap Rate 9%
$454,422
$454.4K
Market Conditions
NOI Build-Up for 2,150 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
$56.0K $26.04/SF
− Vacancy
−$1.5K −$0.68/SF
EGI
$54.5K $25.36/SF
− OpEx
−$13.6K −$6.34/SF
NOI
$40.9K $19.02/SF
Area
Navajo County, AZ
Vacancy
2.60%
Lease Rate
$26.04 /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%
$817,960
Cap Rate 7%
$584,257
Cap Rate 9%
$454,422
Alternative Uses
Best Use
Specialty Retail
$584.3K
$511.2K – $681.6K
NOI $40,898 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Moose Henris Grille Cork and Taps — 4207 W White Mountain Blvd, Pinetop-Lakeside, AZ 85929
Frequently Asked Questions
What type of property is this?
Bar & Pub - Operating bar and restaurant with a liquor license, commercial kitchen, dining area, and outdoor seating.
Where is this bar & pub located?
The property is located at 4207 W White Mountain Boulevard Lakeside, AZ.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 2,150 square foot building on 0.22 acres; Business, commercial real estate, furniture, fixtures, equipment, and inventory included; Series 7 liquor license included
