Mixed-Use Property with Detached
For Sale
$315,000
8358 Silver Creek Drive, Show Low, AZ 85901
Commercial Sale, Show Low, AZ
Property Size864 SF
Lot Size0.75 Acres
Price / SF$364.58
Days on Market47
Property Features for 8358 Silver Creek Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C-R
Zoning description
Comm & Resid
Parking
10
Security features
Security Lighting
Exterior features
Fence, Storage
Fencing
Fenced
Directions
Hwy 77 north of Show Low, right on White Mountain Lake Rd, Continue onto Silver Creek Dr. Property will be at corner of Silver Creek and Bourdon on your left
Standard status
Active
Lot size
0.75 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Parcel 304-19-582 White Mountain Lake Estates:Lot 13, Block 27 // 1982 Chief/Bonnev Ille 24 X36 Vin# Shbu12362733&4 //
Tax Annual Amount
451
Legal Description
Parcel 304-19-582 White Mountain Lake Estates:Lot 13, Block 27 // 1982 Chief/Bonnev Ille 24 X36 Vin# Shbu12362733&4 //
Utilities
Utilities
Electricity Available
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Private
Amenities
washer and dryer hookups
Building Details
Year built
1982
Number of units
1
Flooring type
Carpet
Building materials
Frame
Additional Structures
Storage
Listing Agency:
United Country Real Estate/ AZ Country Real Estate
(623) 777-9082
Listed By:
Doreen R Letson · License #BR646242000
(623) 777-9082
Added: Jul 9
Changed: Aug 20
Last Checked: Aug 24 at 5:06PM
MLS# 1083570
Copyright © 2026 Prescott Area 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 C-R-zoned mixed-use property includes a primary frame building measuring 864 square feet, configured with three bedrooms or office spaces, one bathroom, a kitchen area, washer and dryer hookups, and a sizable living or reception area. The building was constructed in 1982 and includes carpet flooring, electric heat, central air, and two access points. A graveled driveway, fencing, and storage features are also present.
A detached garage of approximately 860 square feet adds concrete floors and roll-up doors for vehicle, equipment, storage, or workshop functions. The 0.75-acre property has electricity available, a private water source, and an existing septic system. Ownership also includes privileges at White Mountain Lake. The property is located in Show Low, within Arizona’s White Mountains and near lakes, hiking, camping, golf, and skiing at Sunrise Park Resort.
A detached garage of approximately 860 square feet adds concrete floors and roll-up doors for vehicle, equipment, storage, or workshop functions. The 0.75-acre property has electricity available, a private water source, and an existing septic system. Ownership also includes privileges at White Mountain Lake. The property is located in Show Low, within Arizona’s White Mountains and near lakes, hiking, camping, golf, and skiing at Sunrise Park Resort.
Key Highlights
- C‑R zoning allows commercial or residential use
- 864‑square‑foot primary building with three bedrooms or office spaces
- Approximately 860‑square‑foot detached garage with concrete floors and roll‑up doors
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
$13,373
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
4.25%
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%
$267,460
$267.5K
Cap Rate 7%
$191,043
$191.0K
Cap Rate 9%
$148,589
$148.6K
Market Conditions
NOI Build-Up for 864 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
$22.5K $26.04/SF
− Vacancy
−$1.1K −$1.28/SF
EGI
$21.4K $24.76/SF
− OpEx
−$8.0K −$9.29/SF
NOI
$13.4K $15.48/SF
Area
Navajo County, AZ
Vacancy
4.90%
Lease Rate
$26.04 /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%
$267,460
Cap Rate 7%
$191,043
Cap Rate 9%
$148,589
Alternative Uses
Best Use
Mixed Use
$191.0K
$167.2K – $222.9K
NOI $13,373 @ 7.0% cap · market cap 4.25%
Second Best
Office B
$167.6K
$146.7K – $195.6K
NOI $11,734 @ 7.0% cap · market cap 3.73%
Theoretical Best
Specialty Retail
$234.8K
$205.4K – $273.9K
NOI $16,435 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 85901, AZ
18,701
Population
12,437
Households
1.5
Avg Household Size
49
Median Age
26%
College-Educated
94%
High-School Grad
263.1 sq mi
ZIP Area
71
Density / Sq Mi
$60,313
Median Household Income
$37,466
Median Earnings
$1,009
Median Rent
$256,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-R zoning supports commercial or residential use with a separate garage and existing utility infrastructure.
Where is this mixed-use property located?
The property is located at 8358 Silver Creek Drive Show Low, AZ.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: C‑R zoning allows commercial or residential use; 864‑square‑foot primary building with three bedrooms or office spaces; Approximately 860‑square‑foot detached garage with concrete floors and roll‑up doors
