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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Retail space
408 Main St Payson, AZ 85541-5370
Individually Owned
4-yr Hold
Free & Clear
Property ID
US07-0074691
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1982
Construction
CONCRETE BLOCKS
Total area
5,760 SF
Lot
0.66 ac (28,750 SF)
APN
304-16-213C
UPID
US07-0074691
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
-
Distorted Imagery Renovation Specialist (Bike/Boat/Book/etc) Store
-
Beeline Insurance LLC Insurance Agency
-
New Beginnings Nook Discount Store
-
Paul Meier - Thrivent Financial Advisor
-
Medicare Broker Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$610k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$500k
Blend (final)
Blend
$615k
Owner & transaction history
Duane S Glover SR. · 4 yrs held
Duane S Glover SR.
since 2021
Last sale
$625,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$935,000
+70.6%
Commercial (general)
$585,000
+6.4%
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
$535,000
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$550,000
Current use
OFFICE BUILDING
$935,000
Change: +71% · Conversion: Easy
COMMERCIAL (GENERAL)
$585,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $625k (Nov 23 2021)
Last sale anchor
$625k
Nov 23 2021
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
$107 / 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
$8,203
Tax year 2023
Assessed value
$72,876
Assessed 2024
Previous assessed
$69,019
+5.6% YoY
Effective rate
11.26%
On assessed value
Assessed land
$12,566
Assessed improvement
$60,310
Land market value
$69,812
Improvement market value
$335,055
Total market value
$404,867
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1982
Construction
CONCRETE BLOCKS
Heating
ELECTRIC
Buildings
2
Stories
2
Total area
5,760 SF
Lot
0.66 ac (28,750 SF)
APN
304-16-213C
UPID
US07-0074691
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$550,000
OFFICE BUILDING
Est. value
$935,000
COMMERCIAL (GENERAL)
Est. value
$585,000
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
CONCRETE BLOCKS
Heating
ELECTRIC
Stories
2
Buildings
2
Lot
0.66 ac
Current owner
From public records · entity-resolved
Duane S Glover SR.
Individual
Free & Clear · 4 yrs held
Mailing address
907 W PAYSON PKWY, PAYSON, AZ 85541-4272
Ownership since
2021
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
Nov 23, 2021
$625,000
Duane S Glover SR.
K Lazy V Holdings LLC
Warranty Deed
—
Feb 29, 2008
—
K Lazy V Holdings LLC
Kofford,kay G
Warranty Deed
related
—
Aug 30, 2007
$775,000
Kay G Kofford
Eiche Trust
Warranty Deed
$198,153 · Eiche Trust
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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