Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    429 W Mary Patricia Dr Payson, AZ 85541

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,200,000

    Rustic elegance meets natural beauty with direct wilderness access.

    Property size:
    3,973 SF
    Lot size:
    1.63 Acres

    Property Features for 429 W Mary Patricia Dr

    General Information

    Size
    3,973 SF
    Lot size
    1.63 Acres

    Building Details

    Year built
    2005

    We can help!

    Listing Contact
    Ricardo Derabuni
    Source: Kw

    Listing Agent: Ricardo Derabuni

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Payson Home Bordering National Forest

    This residence offers secluded luxury bordering a National Forest with access to the E Verde River. The home features panoramic views of red rock formations. The interior showcases rustic stone flooring and pine vaulted ceilings. Windows frame views of the surrounding landscape. The outdoor living area includes a large fireplace. Direct access to wilderness areas provides opportunities for ATV explorations and hiking. The entry level features a large family room, two bathrooms, and two bedrooms with private entrances from the outdoor stone patio. This level also includes a second kitchen and the laundry area. The main level features a designer kitchen. The primary suite includes an ensuite bathroom. An office offers views of the surrounding area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Hotel & Motel Bed & Breakfast Breakfast Bike Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Payson
    County
    Gila
    State
    Arizona
    Longitude
    -111.3677985
    Latitude
    34.2909303

    Nearby Similar for Sale

    • $1,695,000
      6,550 SF

      Turnkey Cabin Hotel Near Forest

      Boutique short-term rental property with six cabins near Tonto Forest.
      1022 S Hunter Creek Dr, Payson, AZ 85541
      View Details
    • $2,400,000
      5.50 Acres

      Payson RV Park Investment Opportunity

      48-unit RV park with income potential in Payson, Arizona.
      57560 N Az Highway 188, Payson, AZ 85541
      View Details
    • New
      $1,200,000

      New Multifamily Construction in Payson

      New construction multifamily property in Payson, completed before August 1st.
      200 E Jura Cir, Payson, AZ 85541
      View Details
    • Contact for pricing
      5,245 SF

      Prime Payson Commercial Pad

      High-visibility commercial pad at a signalized hard corner.
      805 S Beeline Hwy, Payson, AZ 85541
      View Details
    • $570,000
      1,248 SF

      Payson Home with Resort Backyard

      Immaculate 3-bedroom home with resort-like backyard and detached garage.
      505 E Mckamey St, Payson, AZ 85541
      View Details
    • $274,900
      1,120 SF

      Remodeled Home Near Tonto Creek

      Remodeled 3-bedroom home in Gisela, near Payson and Tonto Creek.
      830 S Tonto Creek Dr, Payson, AZ 85541
      View Details
    • $525,000
      2,912 SF

      Spacious Home with Mogollon Rim Views

      Two-story home on wooded lot with mountain views.
      1204 N Camelot Dr, Payson, AZ 85541
      View Details
    • $475,000
      1,600 SF

      Payson Home with Guest House

      Charming Payson home with separate guest house and spacious yard.
      608 E Bonita St, Payson, AZ 85541
      View Details
    • $349,500
      800 SF

      New Manufactured Home with Views

      Like-new 2 bed, 2 bath home with mountain views.
      719 W Summit St, Payson, AZ 85541
      View Details
    • $149,000
      896 SF

      New Manufactured Home with Views

      Built in 2022, move-in ready home with mountain views.
      16 N Star Vale Dr, Payson, AZ 85541
      View Details
    • $369,000
      1,992 SF

      North Payson Manufactured Home

      3-bedroom home with fenced yard, garage, and RV hookups.
      405 E Jura Cir, Payson, AZ 85541
      View Details
    • $349,500
      800 SF

      New Manufactured Home with Views

      Like-new 2 bed, 2 bath home with mountain views.
      719 W Summit St, Payson, AZ 85541
      View Details

    FAQs

    What type of property is this?
    Single family property - Rustic elegance meets natural beauty with direct wilderness access.
    Where is this single family property located?
    The property is located at 429 W Mary Patricia Dr Payson, AZ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Bordered by a National Forest with E Verde River access, offering unparalleled privacy and natural beauty.; - Expansive outdoor living area with a **large fireplace**, perfect for relaxation and entertainment.; - Direct access to wilderness areas with trails for ATV explorations and hiking.
    Request Owner's contact information
    429 W Mary Patricia Dr Payson, AZ 85541
    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.
    429 W Mary Patricia Dr
    Payson, AZ 85541
    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
    429 W Mary Patricia Dr Payson, AZ 85541
    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

    We can help!
    Listing Contact
    Ricardo Derabuni
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.