Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,035,000
Grocery and convenience stores
706 State Hwy 260 Payson, AZ 85541-4937
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-1278341
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1998
Construction
CONCRETE
Total area
2,694 SF
Lot
1.12 ac (48,787 SF)
APN
304-07-021B
UPID
US07-1278341
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.04M
Owner & transaction history
Mesa Valley Housing Associates Limi · 3 yrs held
Mesa Valley Housing Associates Limi
since 2022
Last sale
$5.9M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$5,835,000
ML approach
$6,505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.04M
Range $5.43M – $6.64M · ±10% · vs last sale $5.90M (Oct 11 2022)
Last sale anchor
$5.90M
Oct 11 2022
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
$2,240 / 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
$11,037
Tax year 2023
Assessed value
$125,984
Assessed 2024
Previous assessed
$149,457
-15.7% YoY
Effective rate
8.76%
On assessed value
Assessed land
$16,795
Assessed improvement
$109,189
Land market value
$93,305
Improvement market value
$606,606
Total market value
$699,911
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
OTHER
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
2,694 SF
Lot
1.12 ac (48,787 SF)
APN
304-07-021B
UPID
US07-1278341
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
Building & site characteristics
From public records
Year built
1998
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
1
Buildings
2
Lot
1.12 ac
Current owner
From public records · entity-resolved
Mesa Valley Housing Associates Limi
Entity
Mailing address
15957 N 81ST ST, SCOTTSDALE, AZ 85260-1851
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2022
$5,900,000
Mesa Valley Housing Associates Limi
Team Cb Petroleum Properties LLC
Special Warranty Deed
—
Oct 2, 2014
$385,000
Cb Petroleum Properties Team
Ddt Holdings LLC
Grant Deed
—
Oct 2, 2014
$300,000
Ddt Holdings LLC
Cox Investment Group LLC
Grant Deed
—
May 13, 1997
$235,000
Dunlap Oil Co INC
Wahlrab,cyril
Grant Deed
$200,000 · Seller
—
—
Dunlap Oil Co INC
—
Deed Of Trust
related
$2,000,000 · Cox Family Lifetime A-b Trust
—
—
Cb Petroleum Properties Team
—
Deed Of Trust
related
$610,000 · Arizona Busn Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 706 State Hwy 260?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
