Mixed-Use Property with Four
For Sale
$920,000
54140 W Main Street, Seligman, AZ 86337
Includes grocery, laundromat, residence, and coffee shop uses with C2-1 zoning and town water.
Property Size5,465 SF
Lot Size0.60 Acres
Price / SF$168.34
Days on Market244
Property Features for 54140 W Main Street
General Information
Standard status
Active
Size
5,465 SF
Lot size
0.60 Acres
Property subtype
Commercial
Zoning
C2-1
Site & Location
Corner Location
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,402
Building Details
Building Size
5,465 SF
Year Built
1953
Buildings
5
Listing Agency:
United Country-Arizona Country
(623) 777-9082
Listed By:
Doreen Letson · License #BR646242000
(623) 777-9082
Source:
Aznewhorizonrealty
Added: Dec 20, 2025
Changed: Aug 18
Last Checked: Aug 21 at 2:50PM
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 United Country-Arizona Country
Investment Insights
Based on property information with market context.
This mixed-use property includes four buildings on 0.6 acres. The primary 3,358 sf structure operates as a grocery store and laundromat. A 1,331 sf rear building is leased as a three-bedroom, one-bath residence. Additional improvements include a 776 sf historic Sheriff’s House and a 384 sf coffee shop with frontage on Schoney. The property was built in 1953 and is zoned C2-1.
Located 1/2 block north of Historic Route 66 in Seligman, the site occupies a corner position with visibility from Route 66 and a direct sightline to the tourist bus stop. On-street parking is available in the surrounding area. Town water, natural gas, and two septic systems serve the property. The grocery store and laundromat business may be purchased separately.
Located 1/2 block north of Historic Route 66 in Seligman, the site occupies a corner position with visibility from Route 66 and a direct sightline to the tourist bus stop. On-street parking is available in the surrounding area. Town water, natural gas, and two septic systems serve the property. The grocery store and laundromat business may be purchased separately.
Key Highlights
- Four buildings on 0.6 acres
- 3,358 sf grocery store and laundromat building
- 1,331 sf leased residence with 3 bedrooms and 1 bath
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
$73,778
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
8.02%
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%
$1,475,560
$1.5M
Cap Rate 7%
$1,053,971
$1.1M
Cap Rate 9%
$819,756
$819.8K
Market Conditions
NOI Build-Up for 5,465 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
$131.2K $24.00/SF
− Vacancy
−$13.1K −$2.40/SF
EGI
$118.0K $21.60/SF
− OpEx
−$44.3K −$8.10/SF
NOI
$73.8K $13.50/SF
Area
Yavapai County, AZ
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,475,560
Cap Rate 7%
$1,053,971
Cap Rate 9%
$819,756
Alternative Uses
Best Use
Retail
$1.35M
$1.18M – $1.58M
NOI $94,735 @ 7.0% cap · market cap 10.30%
Second Best
Mixed Use
$1.05M
$922.2K – $1.23M
NOI $73,778 @ 7.0% cap · market cap 8.02%
Theoretical Best
Warehouse
$1.83M
$1.60M – $2.14M
NOI $128,153 @ 7.0% cap · market cap 13.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 86337, AZ
1,312
Population
1,245
Households
1.1
Avg Household Size
58
Median Age
14%
College-Educated
86%
High-School Grad
1,708.4 sq mi
ZIP Area
1
Density / Sq Mi
$48,534
Median Household Income
$28,250
Median Earnings
$654
Median Rent
$133,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes grocery, laundromat, residence, and coffee shop uses with C2-1 zoning and town water.
Where is this mixed-use property located?
The property is located at 54140 W Main Street Seligman, AZ.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: Four buildings on 0.6 acres; 3,358 sf grocery store and laundromat building; 1,331 sf leased residence with 3 bedrooms and 1 bath
