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

    602 Main St Payson, AZ 85541-4715

    • Office buildings
    • 1,510 SF
    • 0.12 lot acres
    OFF-MARKET
    Last Sale
    Aug 17, 2022
    $205,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0124506
    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

    • Hagen Appraisal Services / Real Estate Agency
    • Deborah Rose, Realtor - Realty ONE Group / Real Estate Agency
    • Jennifer's Skin Care / Medical Clinic / Skin Care Clinic

    Property Details for 602 Main St

    Year built
    1960
    Construction
    WOOD
    Lot size
    0.12 lot acres
    Property size
    1,510 SF
    Property type
    Office buildings
    APN
    304-06-194B
    APU
    30406194B

    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
    Payson
    County
    Gila
    State
    Arizona
    Longitude
    -111.337
    Latitude
    34.2315
    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
    $1,454
    $4,908
    $10,167
    $15,075
    -
    $27,268
    $56,484
    $83,752

    Comparable in this City

    • Value Estimation by Request
      800 SF

      906 Mclane Rd

      OFFICE BUILDING • 800 SF
      906 Mclane Rd, Payson, AZ 85541-5451
      View Details
    • Value Estimation
      $890,000
      5,200 SF

      904 Beeline Hwy

      OFFICE BUILDING • 5,200 SF
      904 Beeline Hwy, Payson, AZ 85541-3768
      View Details
    • Value Estimation by Request
      2,463 SF

      404 Beeline Hwy

      OFFICE BUILDING • 2,463 SF
      404 Beeline Hwy, Payson, AZ 85541-4883
      View Details
    • Value Estimation by Request
      2,304 SF

      1107 Beeline Hwy Ste B

      OFFICE BUILDING • 2,304 SF
      1107 Beeline Hwy Ste B, Payson, AZ 85541-3700
      View Details
    • Value Estimation
      $655,000
      2,983 SF

      708 Beeline Hwy

      OFFICE BUILDING • 2,983 SF
      708 Beeline Hwy, Payson, AZ 85541-3770
      View Details
    • Value Estimation by Request
      1,801 SF

      611 Beeline Hwy

      OFFICE BUILDING • 1,801 SF
      611 Beeline Hwy, Payson, AZ 85541-5302
      View Details

    Similar Nearby for Sale

    • $389,000
      1,141 SF

      Payson Office Building - $389K

      1,141 SF Office, Month-to-Month Lease
      1389 Christopher Creek Loop, Payson, AZ 85541
      View Details
    • $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
    • $65,000
      0.15 Acres

      Commercial Lot in Payson, AZ

      Prime commercial lot on the north end of town.
      910 N Beeline Hwy, Payson, AZ 85541
      View Details
    • $104,000
      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
    • $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
    • $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

    Similar Nearby for Lease

    • Contact for pricing
      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
    • Contact for pricing
      1 SF

      Payson Retail Anchor Box Available

      30,000 SF anchor box available in primary Payson center.
      87 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
    • $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
      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
    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.
    602 Main St
    Payson, AZ 85541-4715
    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!