Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    242 Snider Way Payson, AZ 85541-3791

    • Industrial properties
    • 3,280 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0989996
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 242 Snider Way

    Year built
    1985
    Lot size
    1.00 lot acres
    Property size
    3,280 SF
    Property type
    Industrial properties
    APN
    304-24-022E
    APU
    30424022E

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $157,000
      Market price range: $157k - $390k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Payson
    County
    Gila
    State
    Arizona
    Longitude
    -111.339
    Latitude
    34.1836
    CBSA code
    37740
    CBSA name
    PAYSON, AZ MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,016
    $266
    $15,628
    $15,894
    -
    $1,770
    $104,189
    $105,959

    Comparable in this City

    • Value Estimation
      $190,000
      2,400 SF

      1010 Stover Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2,400 SF
      1010 Stover Rd, Payson, AZ 85541-5454
      View Details
    • Value Estimation
      $70,000
      1,462 SF

      1311 Bravo Taxiway

      INDUSTRIAL (GENERAL) • 1,462 SF
      1311 Bravo Taxiway, Payson, AZ 85541-3560
      View Details
    • Value Estimation
      $300,000
      5.17 Acres

      411 Tyler Pkwy

      INDUSTRIAL (GENERAL) • 5.17 Acres
      411 Tyler Pkwy, Payson, AZ 85541
      View Details
    • Value Estimation
      $360,000
      9,661 SF

      1402 Bravo Taxiway

      INDUSTRIAL (GENERAL) • 9,661 SF
      1402 Bravo Taxiway, Payson, AZ 85541-3510
      View Details
    • Value Estimation
      $255,000
      2,420 SF

      903 Earhart Pkwy

      INDUSTRIAL (GENERAL) • 2,420 SF
      903 Earhart Pkwy, Payson, AZ 85541-3534
      View Details
    • Value Estimation
      $290,000
      2,400 SF

      25613 Az Hwy 260

      INDUSTRIAL (GENERAL) • 2,400 SF
      25613 Az Hwy 260, Star Valley, AZ 85541
      View Details

    Similar Nearby for Sale

    • $1,400,000
      2,800 SF

      Payson Commercial Property - Main Street

      Prime Payson location, 2,800 sq ft building, 0.68 acre lot.
      414 Main St, Payson, AZ 85541
      View Details
    • $1,700,000
      2,376 SF

      Prime Payson Commercial Land

      0.93-acre lot, 2,376 sq ft building. High potential.
      104 Phoenix St, Payson, AZ 85541
      View Details
    • $109,000
      0.44 Acres

      Residential Land with Mountain Views

      0.44-acre lot near Tonto National Forest in Payson, AZ
      11180 N Houton Mesa Rd, Payson, AZ 85541
      View Details
    • $124,999
      1.62 Acres

      Payson Golf Course Lot

      Large wooded lot in The Rim Club, Payson, Arizona.
      203 S Rim Club Dr, Payson, AZ 85541
      View Details
    • $2,450,000
      16.54 Acres

      Payson Land Subdivision Opportunity

      16.55 acres for subdivision with mountain views in Payson.
      1000 W Falcon Lookout Ln, Payson, AZ 85541
      View Details
    • $185,000
      0.53 Acres

      View Lot in Wildwood

      Over half acre view lot in desirable Wildwood subdivision.
      1710 W Bonita St, Payson, AZ 85541
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,000 SF

      Payson Retail Space: Prime Location

      Large Vacant Retail Space in Payson, AZ
      87 Beeline Hwy, Payson, AZ 85541
      View Details
    • Contact for pricing
      4,551 SF

      Freestanding Building on Beeline Highway

      High-visibility retail space in Payson's main thoroughfare.
      312 S Beeline Hwy, Payson, AZ 85541
      View Details
    • $25 SF/Yr
      3,360 SF

      Medical Plaza Office Space Available

      Medical and dental suites available for lease at $25.00/SF.
      117 E Main St, Payson, AZ 85541
      View Details
    • $10 SF/Yr
      41,319 SF

      Payson Plaza Retail Center

      Prime Payson retail space available.
      307 Beeline Hwy, Payson, AZ 85541
      View Details
    • Contact for pricing
      218,037 SF

      Payson Retail Center Spaces Available

      Retail spaces available in dominant neighborhood center, Payson, Arizona.
      142 Az-260, Payson, AZ 85541
      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.
    242 Snider Way
    Payson, AZ 85541-3791
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.