Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    404 Broad St Globe, AZ 85501
    Back to Search
    Property profile & analytics

    404 Broad St, Globe, AZ 85501

    View on Map
    • Commercial real estate
    • 1,038 SF
    • 0.45 lot acres
    For Sale
    $2,925,000
    View Listing →
    Iconic Globe Trading Post Business For Sale
    $2,925,000

    Iconic Globe Trading Post Business

    Historic building, thriving business, high-traffic location.

    404 Broad St, Globe, AZ 85501
    View Listing
    Property ID
    US07-2276854
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pickle Barrel Trading Post / (Bike/Boat/Book/etc) Store

    Property Details for 404 Broad St

    Year built
    1996
    Lot size
    0.45 lot acres
    Property type
    Commercial real estate
    APN
    208-03-401P
    APU
    20803401P

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 4, 2024 — Jim E Moss Jim E Moss Intrafamily Transfer · related —

    Description

    This exceptional business opportunity presents the chance to acquire the renowned Pickle Barrel Trading Post, a cornerstone of Globe, Arizona for over three decades. Established in a meticulously maintained 1905 warehouse on a 0.65-acre lot at 404 S Broad Street, Unit 404, this iconic retail establishment boasts a rich history and an unparalleled reputation. Previously known as the Pickle Barrel Art and Antiques store, it was rebranded in 2003 and has since consistently ranked among the top attractions in Globe, drawing visitors from hundreds of miles around. Its popularity is evidenced by its overwhelmingly positive online reviews, exceeding 600 on Google alone, and its prominent placement on popular travel sites like Yelp and TripAdvisor. The business operates as an authentic trading post, fostering strong relationships with multiple Native American tribes. The sale includes both the thriving business and the real estate. The current owners, who have cultivated this success for over 20 years, are seeking a buyer who shares their passion and commitment to maintaining the store's exceptional legacy. The immaculate showroom, coupled with a highly trained and dedicated staff, ensures a seamless transition for the new owner. The business's unique product offering and strong brand recognition provide a solid foundation for continued growth and success. This is a rare opportunity to own a piece of Globe's history and a thriving, highly profitable business. The asking price is $2,925,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Globe
    County
    Gila
    State
    Arizona
    Longitude
    -110.785
    Latitude
    33.3931
    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
    $263
    $2,318
    $9,327
    $11,645
    -
    $12,880
    $51,818
    $64,698

    Comparable in this City

    • Value Estimation by Request
      468 SF

      Nn Hl St

      COMMERCIAL (GENERAL)
      Nn Hl St, Globe, AZ 85501
      View Details
    • Value Estimation by Request
      822 SF

      780 Broad St

      COMMERCIAL (GENERAL)
      780 Broad St, Globe, AZ 85501-2315
      View Details
    • Value Estimation by Request
      2,600 SF

      740 5th St

      COMMERCIAL (GENERAL)
      740 5th St, Globe, AZ 85501-1906
      View Details
    • Value Estimation by Request
      2,460 SF

      329 Hackney Ave

      COMMERCIAL (GENERAL)
      329 Hackney Ave, Globe, AZ 85501-2332
      View Details
    • Value Estimation by Request
      2,317 SF

      209 Hackney Ave

      COMMERCIAL (GENERAL)
      209 Hackney Ave, Globe, AZ 85501-2330
      View Details
    • Value Estimation by Request
      800 SF

      1750 Ash St, Unit B

      COMMERCIAL (GENERAL)
      1750 Ash St, Globe, AZ 85501-1431
      View Details

    Similar Nearby for Sale

    • $450,000
      0.51 Acres

      Downtown Globe Bar & Property

      Established Bar, Rental Potential, Liquor License
      850 Ash St, Globe, AZ 85501
      View Details
    • $450,000
      0.65 Acres

      Globe, AZ Commercial Opportunity

      Prime C2 Space, US60 Highway Frontage
      1605 Ash St, Globe, AZ 85501
      View Details
    • Contact for pricing
      2,856 SF

      Downtown Globe Commercial Building Available

      Two-story commercial building with basement in downtown Globe, Arizona.
      300 N Broad St, Globe, AZ 85501
      View Details
    • $515,000
      20.60 Acres

      Arizona Land Near Tonto Forest

      20+ acre land parcel near Highway 77/60 in Globe, Arizona.
      W Ash Crk Rd, Globe, AZ 85501
      View Details
    • $515,000
      20.48 Acres

      20.48 Acres of Untamed Wilderness

      Undeveloped land near Tonto National Forest with potential mining rights.
      S Ash Crk Rd, Globe, AZ 85501
      View Details
    • $515,000
      20.62 Acres

      Remote Land Near Tonto Forest

      20.62 acres of undeveloped land near Tonto National Forest.
      W Ash Crk Rd, Globe, AZ 85501
      View Details

    Similar Nearby for Lease

    • 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
      2,909 SF

      Retail Space in Globe, Arizona

      Retail space available for lease in Globe, Arizona.
      1100 N Broad St, Globe, AZ 85501
      View Details
    View Listing
    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.
    404 Broad 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

    Thank You for Inquiry
    404 Broad St, Globe, AZ, 85501
    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!