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Property profile & analytics
FOR SALE
Office buildings
102 E Main St A-B, Payson, AZ 85541
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US07-0640964
For Sale
1 / 29
$937,000
102 E Main St,Unit A-B, Payson, AZ 85541
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Property summary
AI-generated overview
This exceptional retail property, located at 102 E Main Street in Payson, Arizona, presents a unique investment opportunity. The 2,262 square foot building, constructed in 2005, sits on a 0.55-acre lot and boasts a prime corner location at the intersection of State Route 87 (Beeline Hwy) and East Main Street, ensuring maximum market exposure. The building features a distinctive mountain-style log exterior and ample paved parking with 20 spaces. Currently operating at 100% occupancy, this single-tenant property offers a gross lease and is zoned C-2. The building's size falls within the range of 1,800 to 3,000 square feet, spread across two stories. The asking price is $937,000, translating to $570.29 per square foot. The property's APN is 304-16-307B. This fee-simple ownership opportunity is ideal for investors seeking a high-traffic, high-visibility location in a desirable Arizona market. The property's current use includes a bar, pharmacy/drug store, and storefront, showcasing its versatility.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
LOG
Total area
2,262 SF
Lot
0.55 ac (23,958 SF)
APN
304-16-307B
UPID
US07-0640964
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Marijuana Certifications Medical Clinic
-
The Shroom Room Cafe & Coffee Shop
-
Cookies Recreational Cannabis Dispensary (Bike/Boat/Book/etc) Store
-
Body & Sole Remedies Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$505k
Blend (final)
Blend
$525k
Owner & transaction history
Andrew R Provencio · 13 yrs held
Andrew R Provencio
since 2012
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Payson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Payson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$232 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,206
Tax year 2023
Assessed value
$104,144
Assessed 2024
Previous assessed
$97,628
+6.7% YoY
Effective rate
6.92%
On assessed value
Assessed land
$11,365
Assessed improvement
$92,779
Land market value
$63,140
Improvement market value
$515,440
Total market value
$578,580
Applied tax rate
1,053.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
2005
Construction
LOG
Heating
FORCED AIR
Cooling
AC.FAN COOLING
Stories
1
Total area
2,262 SF
Lot
0.55 ac (23,958 SF)
APN
304-16-307B
UPID
US07-0640964
Jurisdiction
GILA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2005
Construction
LOG
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Andrew R Provencio
Individual
Mailing address
15679 N 83RD WAY STE #8, SCOTTSDALE, AZ 85260-1820
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2012
$240,000
Andrew R Provencio
Jaylou Properties LLC
Warranty Deed
$120,000 · Broce Trust
—
—
Jaylou Properties LLC
—
Deed Of Trust
related
$300,000 · Interbay Funding LLC
—
—
Jaylou Properties LLC
—
Deed Of Trust
related
$30,000 · Stockmen's Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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