82 Valentine St Wickenburg, AZ 85390
- Strip malls
- 3,436 SF
- 0.08 lot acres
Current Use by Public Records
- Kia Stahly Realty / Real Estate Agent
- Tammy Eads / Real Estate Agent
- Randi Bowser PLLC / Real Estate Consultant
- Lisa Jones Realtor / Real Estate Agent
- Wickenburg Living Connie Jenson REALTOR / Real Estate Agent
Property Details for 82 Valentine St
- Year built
- 1941
- Construction
- CONCRETE
- Lot size
- 0.08 lot acres
- Property size
- 3,436 SF
- Zone code
- C-2
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 505-50-046
- APU
- 50550046
Description
This exceptional 3-unit commercial center, nestled in the vibrant heart of downtown Wickenburg, Arizona, presents a compelling investment opportunity. Built in 1941 and extensively remodeled in 2005, the property boasts a charming old-west aesthetic with wood lodgepole posts and a wood tongue-and-groove covered walkway. The 0.08-acre lot enjoys a prime location adjacent to Anita's Cantina and across from retail shops and the city complex, ensuring high visibility and strong pedestrian traffic. Currently 100% occupied, the property generates a net operating income (NOI) of approximately $48,500 annually, translating to an approximate 6.1% capitalization rate in 2024. The leases include a 3% annual increase, providing consistent growth potential. Tenants consist of a real estate office, an insurance office, and a retail blinds and window coverings business, offering a diverse and stable tenant mix. Ample public street parking and nearby parking lots provide convenient access for customers and employees. This turnkey investment property offers a rare blend of historical charm, modern functionality, and exceptional location in a thriving downtown area. The property's strong cash flow and prime location make it an ideal addition to any investment portfolio. Please note that the property is currently fully occupied, and tenant contact is discouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $755,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $675,000
- 6.5%
- $750,000
- 7%
- $755,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $725,000
- Geo Method
- $775,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $625,000
- Retail
- $815,000
- Mixed-Use
- $695,000
- Hospitality
- $635,000
- Educational
- $810,000
- Residential Income
- $845,000
- Energy
- $820,000
- Income-Based Land
- $785,000
- Food Service
- $790,000
Location Insight
- Map
- Local Demand
- City
- Wickenburg
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.729
- Latitude
- 33.9702
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
