Mixed-Use Property with
For Sale
$950,000
686 N Tegner Street, Wickenburg, AZ 85390
Corner parcel combines an operating restaurant, apartment, and office/storage spaces.
Property Size2,178 SF
Lot Size1.50 Acres
Price / SF$436.18
Days on Market248
Property Features for 686 N Tegner Street
General Information
Standard status
Active
Size
2,178 SF
Lot size
1.50 Acres
Property subtype
Commercial
Zoning
C-3, R-12, L-1
Taxes and HOA fees
Annual Taxes
$3,256
Building Details
Building Size
2,178 SF
Year Built
1951
Buildings
2
Listing Agency:
My Home Group Real Estate
(928) 231-7657
Listed By:
Sammie Hone · License #SA665852000
(928) 231-7657
Source:
Aznewhorizonrealty
Added: Dec 6, 2025
Changed: Aug 11
Last Checked: Aug 11 at 1:43PM
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.
Located at 686 N Tegner Street in Wickenburg, this mixed-use property includes 1.5 acres with 2,178 square feet of building area. The improvements feature an operating BBQ restaurant, a separate tenant-occupied one-bedroom apartment, and three office/storage areas. A large on-site parking lot supports the existing uses and event-related activity.
The property sits in Wickenburg’s historic downtown area near a roping arena, shopping, and the town park. Mature shade trees and the corner-lot configuration add to the site’s physical character. Built in 1951, the property carries C-3, R-12, and L-1 zoning designations. Its combination of restaurant, residential, office, and storage components provides multiple existing-use elements within one commercial parcel.
The property sits in Wickenburg’s historic downtown area near a roping arena, shopping, and the town park. Mature shade trees and the corner-lot configuration add to the site’s physical character. Built in 1951, the property carries C-3, R-12, and L-1 zoning designations. Its combination of restaurant, residential, office, and storage components provides multiple existing-use elements within one commercial parcel.
Key Highlights
- 1.5‑acre mixed‑use property at 686 N Tegner Street in Wickenburg, AZ
- 2,178 sq ft of total building space, constructed in 1951
- Operating BBQ restaurant currently leased and occupied
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
$37,789
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
3.98%
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%
$755,780
$755.8K
Cap Rate 7%
$539,843
$539.8K
Cap Rate 9%
$419,878
$419.9K
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
$66.6K $30.60/SF
− Vacancy
−$16.3K −$7.47/SF
EGI
$50.4K $23.13/SF
− OpEx
−$12.6K −$5.78/SF
NOI
$37.8K $17.35/SF
Area
Maricopa County, AZ
Vacancy
24.40%
Lease Rate
$30.60 /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%
$755,780
Cap Rate 7%
$539,843
Cap Rate 9%
$419,878
Alternative Uses
Best Use
Office B
$539.8K
$472.4K – $629.8K
NOI $37,789 @ 7.0% cap · market cap 3.98%
Second Best
Specialty Retail
$523.7K
$458.2K – $610.9K
NOI $36,656 @ 7.0% cap · market cap 3.86%
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
63
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner parcel combines an operating restaurant, apartment, and office/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 at 686 N Tegner Street in Wickenburg, AZ; 2,178 sq ft of total building space, constructed in 1951; Operating BBQ restaurant currently leased and occupied
