Leased Storefront
New
For Sale
$335,000
4235 N MONTEZUMA Avenue, Rimrock, AZ 86335
Currently leased building with potential for office or retail use near the former golf course.
Property Size1,297 SF
Price / SF$258.49
Days on Market4
Property Features for 4235 N MONTEZUMA Avenue
General Information
Standard status
Active
Size
1,297 SF
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$1,138
Building Details
Building Size
1,297 SF
Year Built
1985
Buildings
1
Listing Agency:
Chambers Realty Group
(928) 301-1650
Listed By:
Hunter Rauch · License #SA646042000
(928) 301-1650
Source:
Adobegr
Added: Aug 19
Changed: Aug 21
Last Checked: Aug 21 at 4:06AM
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 Chambers Realty Group
Investment Insights
Based on property information with market context.
This 1,296-square-foot storefront property in Rimrock was constructed in 1985 and is currently leased to an operating business. The existing business is not to be disturbed, and it may be available for separate purchase from the real estate. The building could support office or retail use, subject to applicable requirements.
The property is located at 4235 N Montezuma Avenue, across from the former golf course. Additional land may also be purchased from the same seller, providing an option to expand the site or pursue a separate buildout.
The property is located at 4235 N Montezuma Avenue, across from the former golf course. Additional land may also be purchased from the same seller, providing an option to expand the site or pursue a separate buildout.
Key Highlights
- 1,296‑square‑foot storefront building
- Currently leased to an operating business
- Constructed in 1985
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
$22,466
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
6.71%
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%
$449,320
$449.3K
Cap Rate 7%
$320,943
$320.9K
Cap Rate 9%
$249,622
$249.6K
Market Conditions
NOI Build-Up for 1,296 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
$33.7K $26.04/SF
− Vacancy
−$1.7K −$1.28/SF
EGI
$32.1K $24.76/SF
− OpEx
−$9.6K −$7.43/SF
NOI
$22.5K $17.33/SF
Area
Yavapai County, AZ
Vacancy
4.90%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
30.00%
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%
$449,320
Cap Rate 7%
$320,943
Cap Rate 9%
$249,622
Alternative Uses
Best Use
Retail
$320.9K
$280.8K – $374.4K
NOI $22,466 @ 7.0% cap · market cap 6.71%
Second Best
Office B
$269.3K
$235.6K – $314.2K
NOI $18,849 @ 7.0% cap · market cap 5.63%
Theoretical Best
Warehouse
$434.2K
$379.9K – $506.5K
NOI $30,391 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 86335, AZ
5,229
Population
2,767
Households
1.9
Avg Household Size
49
Median Age
19%
College-Educated
95%
High-School Grad
274.3 sq mi
ZIP Area
19
Density / Sq Mi
$54,540
Median Household Income
$29,230
Median Earnings
$1,475
Median Rent
$291,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Currently leased building with potential for office or retail use near the former golf course.
Where is this storefront property located?
The property is located at 4235 N MONTEZUMA Avenue Rimrock, AZ.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 1,296‑square‑foot storefront building; Currently leased to an operating business; Constructed in 1985
