Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    298 N Pine St Globe, AZ 85501

    • Industrial properties
    • 6,083 SF
    • 0.15 lot acres
    For Lease
    View listing
    Last Sale
    Mar 15, 2023
    $225,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1003771
    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

    • Copper Country News and Arizona Silver Belt / Publishing House / Newspaper & Magazine
    • Copper Belt Printing And Publishing Co. / Marketing & Advertising / Printing Service
    • San Carlos Apache Moccasin / Publishing House / Newspaper & Magazine

    Property Details for 298 N Pine St

    Year built
    1967
    Construction
    CONCRETE
    Lot size
    0.15 lot acres
    Property size
    6,083 SF
    Property type
    Industrial properties
    APN
    208-03-353
    APU
    20803353

    Description

    This exceptional 6,160-square-foot industrial flex space is ideally situated at 298 N Pine St in Globe, Arizona, within Gila County. The single-tenant property boasts a convenient 0.15-acre lot and offers ample space for a variety of business needs. Built in 1980, this one-story Class C building is ready for immediate occupancy, with the entire 6,160 square feet currently vacant. The property features one loading dock, making loading and unloading efficient and straightforward. Its location in Globe, AZ, zip code 85501, provides easy access to key transportation routes and local amenities. The property's flexible design makes it suitable for a range of industrial and commercial uses, presenting a unique opportunity for businesses seeking a functional and well-located space. The property's single-tenant occupancy ensures privacy and control, while its size offers significant potential for growth and expansion. This is a rare opportunity to secure a well-maintained industrial space in a desirable location. Contact us today to schedule a viewing and explore the possibilities this property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Globe
    County
    Gila
    State
    Arizona
    Longitude
    -110.789
    Latitude
    33.397
    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
    $2,278
    $1,247
    $20,179
    $21,426
    -
    $8,313
    $134,528
    $142,841

    Comparable in this City

    • Value Estimation by Request
      1.44 Acres

      Bixby Rd

      INDUSTRIAL (GENERAL) • 1.44 Acres
      Bixby Rd, Globe, AZ 85501
      View Details
    • Value Estimation by Request
      21.09 Acres

      Globe, AZ 85501

      INDUSTRIAL (GENERAL) • 21.09 Acres
      Globe, AZ 85501
      View Details
    • Value Estimation
      $730,000
      12,169 SF

      550 Broad St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 12,169 SF
      550 Broad St, Globe, AZ 85501-2612
      View Details
    • Value Estimation by Request
      10,098 SF

      230 Broad St

      INDUSTRIAL (GENERAL) • 10,098 SF
      230 Broad St, Globe, AZ 85501-2604
      View Details
    • Value Estimation
      $1,255,000
      15,600 SF

      1800 Hwy 60

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 15,600 SF
      1800 Hwy 60, Globe, AZ 85501-1908
      View Details
    • Value Estimation by Request
      2,009 SF

      401 Hoopes Rd

      INDUSTRIAL (GENERAL) • 2,009 SF
      401 Hoopes Rd, Globe, AZ 85501-1050
      View Details

    Similar Nearby for Sale

    • $375,000
      2,400 SF

      Versatile Commercial Property with Horse Facilities

      Commercial property with warehouse, outdoor space, and horse facilities.
      844 S Highland Dr, Globe, AZ 85501
      View Details
    • $145,000
      1,440 SF

      19-Unit Mini-Storage For Sale

      19-unit mini-storage facility with long-term tenants in Globe, Arizona.
      743 S Broad St, Globe, AZ 85501
      View Details
    • $599,000
      6,000 SF

      Historic Globe Mixed-Use Building

      Two-story commercial building with basement in historic downtown Globe, AZ.
      300 N Broad St, Globe, AZ 85501
      View Details
    • $89,500
      8.07 Acres

      8.07 Acres Vacant Land

      Vacant land for dream home with utilities in Globe, AZ.
      5803 E Quail Run, Globe, AZ 85501
      View Details
    • $950,000
      33.81 Acres

      47 Acres Near Globe, AZ

      47 acres near Globe, AZ, ideal for recreation or development.
      Winter Rnch Rd, Globe, AZ 85501
      View Details
    • $450,000
      0.51 Acres

      Downtown Globe Bar & Property

      Established Bar, Rental Potential, Liquor License
      850 Ash St, Globe, AZ 85501
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,160 SF

      Industrial Space in Globe, Arizona

      Industrial property available for rent in Globe, Arizona.
      298 N Pine St, Globe, AZ 85501
      View Details
    • Contact for pricing
      5,811 SF

      Globe Office Space Available

      Office space available for rent in Globe, Arizona.
      101 S Hill St, Globe, AZ 85501
      View Details
    • Contact for pricing
      8,965 SF

      Retail Space in Globe, Arizona

      Retail space available for lease in Globe, Arizona.
      1100 N Broad St, Globe, AZ 85501
      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.
    298 N Pine St
    Globe, AZ 85501
    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.
    Sign Up Successful!
    You now have access to more from Realmo!