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    22643 State Rte Yarnell, AZ 85362

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    22643 State Rte Yarnell, AZ 85362

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    • Commercial real estate
    • 0.26 lot acres
    For Sale
    $150,000
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    Yarnell Commercial Property: Historic Charm For Sale
    $150,000

    Yarnell Commercial Property: Historic Charm

    Prime Yarnell location, commercial zoning, fixer-upper.

    22643 State Rte, Yarnell, AZ 85362
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 22643 State Rte

    Year built
    1952
    Lot size
    0.26 lot acres
    Property type
    Commercial real estate

    Description

    This unique commercial property, located at 22643 S State Route 89 in Yarnell, Arizona, presents a compelling investment opportunity. Situated on a 0.26-acre lot right on Yarnell's main street (SR 89), this building boasts a rich history, having previously served as the popular Live Oak Steakhouse from the 1980s to the mid-1990s. While currently vacant and requiring renovation, the property offers significant potential for a variety of commercial uses. Constructed from local rock, the building's exterior displays engraved dates of 1937 and 1948, although county records list 1952 as the year built. The asking price of $150,000 reflects the need for improvements. A notable feature is an existing RV hook-up in the rear, currently generating monthly rental income for the owner. This property's prime location in the desirable mountain town of Yarnell, combined with its historical significance and commercial zoning, makes it an attractive proposition for entrepreneurs seeking a unique business venture. The building's solid foundation and prominent street frontage provide a strong base for redevelopment. The property is zoned for commercial use, offering flexibility for various business plans. The existing RV hook-up adds a potential revenue stream. This is a chance to own a piece of Yarnell's history and shape its future.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Yarnell
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.747
    Latitude
    34.2213

    Comparable in this City

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      1,189 SF

      22610 State Rte 89

      COMMERCIAL (GENERAL) • 1,189 SF
      22610 State Rte 89, Yarnell, AZ 85362
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      274 SF

      22535 State Rte 89

      COMMERCIAL (GENERAL) • 274 SF
      22535 State Rte 89, Yarnell, AZ 85362-1440
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      200 SF

      15800 Happy Way

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      1,248 SF

      22869 Hwy 89

      COMMERCIAL (GENERAL) • 1,248 SF
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      1,217 SF

      22695 State Rte 89

      COMMERCIAL (GENERAL) • 1,217 SF
      22695 State Rte 89, Yarnell, AZ 85362-1441
      View Details

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    • $150,000
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      Yarnell Commercial Property: Historic Charm

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    Yarnell, AZ 85362
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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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