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Property profile & analytics
OFF-MARKET
Commercial land

111 Longhorn Rd Payson, AZ 85541

1.6 ac lot
Entity Owned 28-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US07-1350510
Property summary
AI-generated overview

This exceptional 1.63-acre commercial land parcel presents a unique investment opportunity in the heart of Payson, Arizona. Located at 111 W Longhorn Rd, 85541, this C-2 zoned property boasts approximately 190 feet of frontage on W. Longhorn Road and offers convenient access to State Route 87. Situated near the town's busiest intersection (State Highway 87 and AZ Route 260), this site enjoys high visibility and proximity to numerous amenities, including restaurants, shopping centers (like the Swiss Village area), supermarkets (including a Wal-Mart Super Store), Walgreens, banks, coffee shops, and town parks. Its location is also minutes from Green Valley Park and Rumsey Park, and approximately 1.5 miles from the proposed Arizona State University Payson branch campus. The property's strategic location within Gila County capitalizes on Payson's thriving tourism market, driven by its moderate four-season climate and proximity to the White Mountains recreational areas and Tonto Natural Bridge State Park (approximately 20 miles northwest). The mostly level terrain features a wash on the western portion. Utilities are available along W. Longhorn Road and State Route 87

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.6 ac (69,696 SF)
APN 304-02-027J
UPID US07-1350510
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
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Payson Hotel Investors LLC · 28 yrs held
Payson Hotel Investors LLC
since 1998
2 recorded transactions
1998
$226,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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