Mixed-Use Property with
New
For Sale
$950,000
686 N Tegner Street, Wickenburg, AZ 85390
Includes a leased restaurant, tenant-occupied apartment, and three separate office or storage spaces.
Property Size2,178 SF
Lot Size1.50 Acres
Price / SF$436.18
Days on Market2
Property Features for 686 N Tegner Street
General Information
Standard status
Active
Size
2,178 SF
Lot size
1.50 Acres
Property subtype
Comm/industry Sale
Listing Agency:
My Home Group Real Estate
(928) 231-7567
Listed By:
Sammie Hone · License #SA665852000
(928) 231-7657
Source:
Realtorbevb
Added: Sep 19
Last Checked: Sep 19 at 5:57AM
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 My Home Group Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property spans 1.5 acres and includes 2,178 square feet of building area. The improvements feature an operating BBQ restaurant that is currently leased, along with a separate one-bedroom apartment occupied by a tenant. Three additional office or storage spaces provide dedicated areas for administrative use, supplies, or storage.
The site includes a large on-site parking lot and is positioned on a corner in downtown Wickenburg. The property is near a major roping arena, shopping, and the town park, with the surrounding area serving local and out-of-town visitors. Its combination of restaurant, residential, office, and storage components creates a varied commercial configuration.
The site includes a large on-site parking lot and is positioned on a corner in downtown Wickenburg. The property is near a major roping arena, shopping, and the town park, with the surrounding area serving local and out-of-town visitors. Its combination of restaurant, residential, office, and storage components creates a varied commercial configuration.
Key Highlights
- 1.5‑acre mixed‑use property in downtown Wickenburg
- 2,178 square feet of total building space
- Operating BBQ restaurant currently leased
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
$36,656
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
3.86%
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%
$733,120
$733.1K
Cap Rate 7%
$523,657
$523.7K
Cap Rate 9%
$407,289
$407.3K
Market Conditions
NOI Build-Up for 2,178 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
$52.3K $24.00/SF
− Vacancy
−$3.4K −$1.56/SF
EGI
$48.9K $22.44/SF
− OpEx
−$12.2K −$5.61/SF
NOI
$36.7K $16.83/SF
Area
Maricopa County, AZ
Vacancy
6.50%
Lease Rate
$24.00 /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%
$733,120
Cap Rate 7%
$523,657
Cap Rate 9%
$407,289
Alternative Uses
Best Use
Specialty Retail
$523.7K
$458.2K – $610.9K
NOI $36,656 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$351.2K
$307.3K – $409.7K
NOI $24,581 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$673.7K
$589.5K – $786.0K
NOI $47,160 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
Explore this area
Business Placement
Demographics for 85390, AZ
9,102
Population
5,702
Households
1.6
Avg Household Size
62
Median Age
35%
College-Educated
96%
High-School Grad
475.6 sq mi
ZIP Area
19
Density / Sq Mi
$65,985
Median Household Income
$43,070
Median Earnings
$1,234
Median Rent
$465,800
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?
Mixed-use property - Includes a leased restaurant, tenant-occupied apartment, and three separate office or storage spaces.
Where is this mixed-use property located?
The property is located at 686 N Tegner Street Wickenburg, AZ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1.5‑acre mixed‑use property in downtown Wickenburg; 2,178 square feet of total building space; Operating BBQ restaurant currently leased
