Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    45072 Az-188 Tonto Basin, AZ 85553
    Back to Search
    Property profile & analytics

    45072 Az-188, Tonto Basin, AZ 85553

    View on Map
    • Retail properties & Spaces
    • 2,184 SF
    • 1.60 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 45072 Az-188

    Lot size
    1.60 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional Tonto Basin, Arizona property offers a unique blend of commercial and residential potential. Priced at $699,000, this 2,184 square foot building sits on a 1.6-acre lot (Parcel 1) and features four units across three buildings, all on one story. Currently zoned for mixed use, it's ideally suited for a build-to-suit project, offering flexibility for various business ventures or a live-work arrangement. The interior of the main building is unfinished, allowing for complete customization to your specifications, with the completion of interior items included in the asking price. The property's strategic location along Highway 188, just 10 miles north of Lake Roosevelt, ensures high visibility and accessibility. Two additional adjacent parcels are available for purchase, expanding the total acreage to approximately 3.6 acres if all three are acquired. Parcel 3 (approximately 0.6 acres) includes a 608 square foot efficiency home and a large carport. This presents a rare opportunity to develop a substantial property in a high-traffic area near Lake Roosevelt and the Tonto National Forest, suitable for various uses including short-term rentals, multifamily dwellings, or a large-scale commercial enterprise. The property's versatility makes it an attractive investment for both businesses and individuals seeking a unique live-work opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tonto Basin
    County
    Gila
    State
    Arizona
    Longitude
    -111.307
    Latitude
    33.844

    Comparable in this City

    • Value Estimation
      $710,000
      10,178 SF

      143 Tonto Crk Trl

      RETAIL STORES (PERSONAL SERVICES)
      143 Tonto Crk Trl, Tonto Basin, AZ 85553-1723
      View Details
    • Value Estimation
      $5,990,000
      15,285 SF

      45994 Arizona Hwy 188

      RETAIL STORES (PERSONAL SERVICES)
      45994 Arizona Hwy 188, Tonto Basin, AZ 85553-0845
      View Details
    • Value Estimation by Request
      732 SF

      52 Greenback Vly Rd

      RETAIL STORES (PERSONAL SERVICES)
      52 Greenback Vly Rd, Tonto Basin, AZ 85553-1288
      View Details
    • Value Estimation by Request
      2,040 SF

      45397 Az Hwy 188

      RETAIL STORES (PERSONAL SERVICES)
      45397 Az Hwy 188, Tonto Basin, AZ 85553
      View Details
    • Value Estimation by Request
      1,040 SF

      45675 Arizona Hwy 188

      OFFICE BUILDING
      45675 Arizona Hwy 188, Tonto Basin, AZ 85553-0818
      View Details
    • Value Estimation by Request
      400 SF

      30 Greenback Vly Rd

      OFFICE BUILDING
      30 Greenback Vly Rd, Tonto Basin, AZ 85553-1288
      View Details

    Similar Nearby for Sale

    • $235,000
      2.00 Acres

      Tonto Basin Buildable Land Parcel

      Two-acre residential lot with power and development potential.
      678 S Ewing Trl, Tonto Basin, AZ 85553
      View Details
    • Contact for pricing
      13,262 SF

      Tonto Basin Lodge Investment Opportunity

      Tonto Basin lodging property with strong income potential.
      285 Old Highway 188, Tonto Basin, AZ 85553
      View Details
    • Contact for pricing

      Greenback Crossing RV Park

      RV and mobile home park near Tonto National Forest.
      170 E Greenback Valley Rd, Tonto Basin, AZ 85553
      View Details
    • $439,000
      1.65 Acres

      Commercial Land Near Roosevelt Lake

      Commercial land with potential for business ventures near Roosevelt Lake.
      100 E Salado Trl, Payson, AZ 85553
      View Details
    • $75,000

      Land Parcel in Tonto Basin

      Land for sale in Gila County, Tonto Basin, Arizona.
      D-1 W Lincoln Dr, Tonto Basin, AZ 85553
      View Details
    • $75,000
      0.45 Acres

      Land with Tonto Basin Views

      0.45-acre parcel ready for residence in Tonto Basin, AZ.
      D-1 W Lincoln Dr, Tonto Basin, AZ 85553
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    45072 Az-188
    Tonto Basin, AZ 85553
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    45072 Az-188, Tonto Basin, AZ, 85553
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!