82 Valentine StWickenburg, AZ 85390

Property Details for 82 Valentine St

Year built

1941

Construction

CONCRETE

Lot size

0.08 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $809,730

  6.5%

  $747,443

  7%

  $694,054

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,334,742

  Geo Method

  $1,334,742

• Alternative Use

  Use

  Valuation

  Residential

  $630,496

  Hospitality

  $577,531

  Educational

  $480,499

  Medical

  $497,024

  Retail

  $747,443

Location Insight

City

Wickenburg

County

Maricopa

State

Arizona

Latitude

33.9702

Longitude

-112.729

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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