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    Retail Opportunity on Main Street Title is generated by Realmo AI

    89 N Main Street, Eagar, AZ 85925

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    For Sale
    $390,000

    COMMERCIAL - Eagar, AZ

    Property size:
    4,730 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $82/SF
    Added:
    Jul 2, 2024
    Days on Market:
    689
    Last Refresh:
    May 21 at 9:06 am

    Property Features for 89 N Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    104-12-028
    Size
    4,730 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Description
    SUBDIVISION EAGAR TOWNSITE BLOCK 32 LOT 1 LOT 1 AND N 13' LOT 2 BLK 32 159-213
    Tax Annual Amount
    1804

    Utilities

    Utilities
    Propane
    Heating system
    Wall Furnace

    Building Details

    Year built
    1994
    Roof type
    Metal

    We can help!

    Listing Contact
    Richard Ayres

    Listing agent Richard Ayres

    Listing office White Mountain Ponderosa Realty 474 S Mountain Ave, Springerville, AZ

    Listing date Jul 2, 2024

    MLS# 251890

    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.

    HighLights

    • Central Main Street Frontage: Prime location ideal for high‑visibility retail business
    • Paved Side Parking with Roll‑Up Door: Facilitates easy deliveries and inventory management
    • Versatile Interior Layout: Adaptable space for retail showroom, storage, and service areas
    • Established Retail History: Previously used as a carpet and stove shop, demonstrating retail viability
    • Year Built 1994: Relatively modern construction
    • Wall Furnace Heating: Provides dedicated heating

    Overview

    This commercial property is located in a central location on Main Street in Eagar, Arizona. The property, previously used as a carpet store and stove shop, is suitable for any retail business. The building has a total size of 4730 square feet and is situated on a lot of 0.19 acres. It features paved side parking with a roll-up door for deliveries. The front area is set up as a retail showroom, with a separate room that can be used for storage or additional retail space. The rear of the building could serve as a service area or storage. This property presents a great opportunity for opening a retail business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eagar
    County
    Apache
    State
    Arizona
    Longitude
    -109.291276
    Latitude
    34.11243

    FAQs

    What type of property is this?
    Retail space - Retail space in central Eagar with main street frontage.
    Where is this retail space located?
    The property is located at 89 N Main Street Eagar, AZ.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: Central Main Street Frontage: Prime location ideal for high‑visibility retail business; Paved Side Parking with Roll‑Up Door: Facilitates easy deliveries and inventory management; Versatile Interior Layout: Adaptable space for retail showroom, storage, and service areas
    (928) 245-3579
    We can help!
    Listing Contact
    Richard Ayres
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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