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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    503 W Main St Safford, AZ 85546

    • Bars
    • 2,481 SF
    • 0.06 lot acres
    For Sale
    View listing
    $270,000
    Last Sale
    Nov 01, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1510256
    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

    • Tuttie's American Club / Bar

    Property Details for 503 W Main St

    Year built
    1915
    Construction
    CONCRETE
    Lot size
    0.06 lot acres
    Property size
    2,481 SF
    Property type
    Bars
    Property subtype
    Pubs
    APN
    102-22-341
    APU
    10222341

    Description

    This exceptional 2,481 square foot industrial property, located at 503 W Main Street in the heart of historic downtown Safford, Arizona, presents a unique investment opportunity. Built in 1915, the building retains its original charm while offering significant potential for a variety of commercial uses. The property sits on a 0.06-acre lot and is zoned C-1 Commercial, allowing for diverse business ventures. Imagine transforming this space into a thriving boutique, a welcoming café, or a professional office – the possibilities are endless. The building's convenient alley access provides easy loading and unloading, making it particularly suitable for retail or restaurant operations. This location offers unparalleled exposure within the vibrant and historic downtown Safford community, a bustling area brimming with potential for growth and success. The asking price is $270,000. This is a rare chance to own a piece of Safford's rich history and capitalize on its promising future. Don't miss this opportunity to acquire a truly unique and versatile commercial property.

    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
    Safford
    County
    Graham
    State
    Arizona
    Longitude
    -109.713
    Latitude
    32.8331
    CBSA code
    40940
    CBSA name
    SAFFORD, 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
    $1,091
    $774
    $17,720
    $18,494
    -
    $4,299
    $98,444
    $102,743

    Comparable in this City

    • Value Estimation by Request
      5,876 SF

      6970 Us Hwy 70

      BAR, TAVERN • 5,876 SF
      6970 Us Hwy 70, Safford, AZ 85546-9230
      View Details
    • Value Estimation by Request
      3,464 SF

      609 6th Ave

      BAR, TAVERN • 3,464 SF
      609 6th Ave, Safford, AZ 85546-2816
      View Details
    • Value Estimation by Request
      2,286 SF

      912 Thatcher Blvd

      BAR, TAVERN • 2,286 SF
      912 Thatcher Blvd, Safford, AZ 85546-3134
      View Details
    • Value Estimation by Request
      4,482 SF

      2060 Bowie Ave

      BAR, TAVERN • 4,482 SF
      2060 Bowie Ave, Safford, AZ 85546
      View Details
    • Value Estimation by Request
      1,778 SF

      8038 Us Hwy 191

      BAR, TAVERN • 1,778 SF
      8038 Us Hwy 191, Safford, AZ 85546-9257
      View Details
    • Value Estimation by Request
      2,330 SF

      1900 Thatcher Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,330 SF
      1900 Thatcher Blvd, Safford, AZ 85546-3318
      View Details

    Similar Nearby for Sale

    • $685,000
      4,075 SF

      Historic Safford Bed and Breakfast

      Charming historic property with income potential in Safford, Arizona.
      1104 S Central Ave, Safford, AZ 85546
      View Details
    • $270,000
      2,481 SF

      Historic Downtown Safford Commercial Building

      2481 sqft commercial building in historic downtown Safford.
      503 W Main St, Safford, AZ 85546
      View Details
    • $490,000
      3,040 SF

      Versatile Commercial Property with Residence

      Commercial building with residence on highway, endless possibilities.
      3352 S Us Highway 191, Safford, AZ 85546
      View Details
    • $360,000
      2,000 SF

      Safford Commercial Metal Building

      Versatile 2,000 sq. ft. commercial building off the highway.
      1819 S 1St Ave, Safford, AZ 85546
      View Details
    • $480,000
      11.09 Acres

      Safford, AZ Land Opportunity

      Over 11 acres of land with highway frontage.
      191 S.hwy, Safford, AZ 85546
      View Details
    • New
      Contact for pricing
      0.17 Acres

      Land Near Outdoor Attractions

      Land with views, near parks, ideal for home or investment.
      S Branding Iron Rd, Safford, AZ 85546
      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.
    503 W Main St
    Safford, AZ 85546
    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.