Retail Space with Covered
For Sale
$430,000
5486 Bear Run Road, Lakeside, AZ 85929
Commercial Sale, Lakeside, AZ
Property Size1,464 SF
Lot Size0.14 Acres
Price / SF$293.72
Days on Market56
Property Features for 5486 Bear Run Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-R
Window features
Double Pane Windows
Patio and Porch features
Porch, Patio
Subdivision
Scotts Pine Med
Lot features
Wooded, Tall Pines On Lot
Directions
White Mountain Blvd towards Lakeside to Left on Bear Run to property on left. Right Behind Sherwin Williams.
Standard status
Active
APN
212-09-116C
Size
1,464 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
Section 9, T9n, R22e: Scotts Pine Meadows #1:Por Tract C S 100' Of E 60' Tract C Out Of 212-09-116A For2006roll
Tax Annual Amount
2549
Legal Description
Section 9, T9n, R22e: Scotts Pine Meadows #1:Por Tract C S 100' Of E 60' Tract C Out Of 212-09-116A For2006roll
Utilities
Heating system
Pellet Stove, Natural Gas
Amenities
pellet stove
suspended commercial heater
restroom constructed of concrete block
hanging cabinets
workbenches
large service counter
display case
two Liberty safes
covered patio with stacked stone accents and decorative pillars
Building Details
Year built
2007
Roof type
Shingle
Listing Agency:
Realty Executives Arizona Territory - Show Low
(928) 537-1145
Listed By:
Crystal White · License #BR520465000
(928) 242-4134
Added: Jul 30
Changed: Sep 13
Last Checked: Sep 23 at 12:06AM
MLS# 262525
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.
This 1,464-square-foot site-built retail building was constructed in 2007 on a level 0.14-acre lot in Lakeside, Arizona. The interior is arranged as a one-bay commercial space and includes a pellet stove, suspended commercial heater, concrete-block restroom, hanging cabinets, workbenches, a large service counter, display case, and two Liberty safes. The layout may be reconfigured into two bays.
A covered patio includes stacked stone accents and decorative pillars. The property has city utilities, a shingle roof, and heating from a pellet stove and natural gas. Located at 5486 Bear Run Road, the building is zoned CR (Commercial/Residential) and has been used as a gun and safe store.
A covered patio includes stacked stone accents and decorative pillars. The property has city utilities, a shingle roof, and heating from a pellet stove and natural gas. Located at 5486 Bear Run Road, the building is zoned CR (Commercial/Residential) and has been used as a gun and safe store.
Key Highlights
- 1,464‑square‑foot retail building on a 0.14‑acre lot
- CR (Commercial/Residential) zoning
- Constructed in 2007 with a site‑built structure
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
$25,378
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
5.90%
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%
$507,560
$507.6K
Cap Rate 7%
$362,543
$362.5K
Cap Rate 9%
$281,978
$282.0K
Market Conditions
NOI Build-Up for 1,464 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
$38.1K $26.04/SF
− Vacancy
−$1.9K −$1.28/SF
EGI
$36.3K $24.76/SF
− OpEx
−$10.9K −$7.43/SF
NOI
$25.4K $17.33/SF
Area
Navajo 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%
$507,560
Cap Rate 7%
$362,543
Cap Rate 9%
$281,978
Alternative Uses
Best Use
Retail
$362.5K
$317.2K – $423.0K
NOI $25,378 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$397.8K
$348.1K – $464.2K
NOI $27,849 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Retail space - CR zoning, city utilities, and a covered patio add practical features for a retail operation.
Where is this retail space located?
The property is located at 5486 Bear Run Road Lakeside, AZ.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: 1,464‑square‑foot retail building on a 0.14‑acre lot; CR (Commercial/Residential) zoning; Constructed in 2007 with a site‑built structure
