419 Hull Ave Jerome, AZ 86331
This exceptional mixed-use property, situated on a 0.15-acre lot in the heart of historic Jerome, Arizona (APN 401-06-019), presents a unique investment opportunity. Built in 1910, this charming three-story building (two buildings total) boasts 2,400 square feet of space, with 2,233 square feet net rentable. Currently operating under a Net Net (NN) lease structure, the property features three tenants and is 80% occupied, generating approximately $57,000 in annual income. The tenant mix includes two established eateries—The Bordello Restaurant and The Flatiron Cafe—and Cabal Cellars Winery. An additional Airbnb unit, managed by the Flatiron Cafe owner, is located above the cafe. The lower-level retail space is currently vacant, offering potential for increased revenue. The property is zoned C-1 and offers stunning views of the Verde Valley. This stabilized investment presents a rare chance to acquire a piece of Arizona history with significant income potential. The property consists of five separate units, four of which are currently occupied. Serious inquiries only
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.