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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Office buildings
Az Hwy 260, Payson, AZ 85541
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-1055092
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Construction
STEEL FRAME
Total area
5,904 SF
Lot
1.12 ac (48,787 SF)
APN
304-07-021A
UPID
US07-1055092
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
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.14M
Owner & transaction history
Mark Morse · 2 yrs held
Mark Morse
since 2023
Last sale
$950,000
7 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
$1,150,000
ML approach
$1,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±10% · vs last sale $950k (Jul 28 2023)
Last sale anchor
$950k
Jul 28 2023
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
$193 / 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
$22,314
Tax year 2023
Assessed value
$168,855
Assessed 2024
Previous assessed
$187,748
-10.1% YoY
Effective rate
13.21%
On assessed value
Assessed land
$16,822
Assessed improvement
$152,033
Land market value
$93,455
Improvement market value
$844,628
Total market value
$938,083
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1994
Construction
STEEL FRAME
Heating
OTHER
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Total area
5,904 SF
Lot
1.12 ac (48,787 SF)
APN
304-07-021A
UPID
US07-1055092
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
1994
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Buildings
4
Lot
1.12 ac
Current owner
From public records · entity-resolved
Mark Morse
Individual
Mailing address
1210 N MARISSA CIR, PAYSON, AZ 85541-3123
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2023
$950,000
Mark Morse
Lisa Richards
Special Warranty Deed
$940,000 · The P&b Underwood Living Trst
Aug 16, 2013
—
Jones,richard C Trust
Dj Properties
Quit Claim Deed
related
—
Oct 1, 2009
—
Dj Properties INC
Dj Properties 1 LLC
Quit Claim Deed
related
—
Jan 3, 1997
$1,100,000
Richard C Jomes
Rim View Investments
Grant Deed
$531,141 · Broce Trust
—
—
Dj Properties I LLC
—
Deed Of Trust
related
$421,942 · William Frank Broce Ira
—
—
Dj Properties I LLC
—
Deed Of Trust
related
$200,000 · First State Bank
—
—
Dj Properties LLC
—
Deed Of Trust
related
$485,000 · Stockmans Bank
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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