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    • Brokers

    Bryan Watkins, Apache Junction, AZ

    License ID: BR545459000
    LRA Real Estate Group, LLC
    Years of Experience
    19
    Association
    Southeast Valley Regional Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (480) 734-7878
    Office Address:
    165 E Southern Ave Ste 201, Tempe, AZ, 85281

    Performance

    Listings
    18
    Total transactions
    48
    Total transactions amount
    $18M
    Price range
    $250k - 563k
    Average price
    $375k

    Listings

    For Sale (7)

    View map
    • $319,000
      0.58 Acres

      Apache Junction Commercial Land

      Prime 0.58-acre lot, B-1 zoning.
      2090 Superstition Blvd, Apache Junction, AZ 85120
      View Details
    • $375,000
      0.11 Acres

      Camelback Road Commercial Land

      Prime Phoenix location, C-2 zoning.
      654 Camelback Rd, Phoenix, AZ 85013
      View Details
    • $1,500,000
      17,197 SF

      Mesa Retail Property on Main

      Retail property in Mesa with small, affordable suites available.
      7119-7125 E Main St, Mesa, AZ 85207
      View Details
    • $1,800,000
      11,801 SF

      Mesa Retail Building For Sale

      Large retail building in Mesa, Arizona, available for purchase.
      856 S Alma School Rd, Mesa, AZ 85201
      View Details
    • $1,500,000
      5,665 SF

      Mesa Restaurant Property For Sale

      Renovated restaurant building near light rail and motel.
      961 W Main St, Mesa, AZ 85201
      View Details
    • $1,200,000
      4,288 SF

      Auto Repair and Storage Yard

      2.07 acre lot with 2,144 SF building and canopy.
      7045 E Main St, Mesa, AZ 85207
      View Details
    • $319,000

      Vacant Corner Lot in Apache

      Hard corner vacant commercial lot in Apache Junction, Arizona.
      2090 W Superstition Blvd, Apache Junction, AZ 85120
      View Details

    For Lease (11)

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    • Contact for pricing

      Prime Phoenix Corner Lot

      Downtown Development Opportunity
      601 2Nd Ave, Phoenix, AZ 85003
      View Details
    • $15 SF/Yr
      1,895 SF

      Medical Office Space Available

      Medical office space with exam rooms, reception, and ADA access.
      2428 E Apache Blvd, Tempe, AZ 85281
      View Details
    • $375,000

      Commercial Land on Camelback Road

      Strategic commercial land available for rent on Camelback Road.
      654 W Camelback Rd, Phoenix, AZ 85012
      View Details
    • $600 /Mo
      550 SF

      Affordable Suites in East Mesa

      Small, affordable suites in a growing East Mesa location.
      7119 E Main St, Mesa, AZ 85207
      View Details
    • $750 /Mo
      1,176 SF

      Mesa Retail Space For Lease

      Affordable retail suites in an area with new developments.
      7127 E Main St, Mesa, AZ 85207
      View Details
    • $1,500 /Mo

      Vacant Land Near Government Offices

      1.8 acres of vacant land near government and medical facilities.
      95 W Superstition Blvd, Apache Junction, AZ 85120
      View Details
    • $1,900 /Mo

      Fenced Storage Lot Near Airport

      Fenced storage lot near the airport, ideal for contractors.
      26 S 41St Pl, Phoenix, AZ 85034
      View Details
    • $5,000 /Mo
      3,276 SF

      Phoenix Office Space For Rent

      Office space with private offices, near downtown entertainment district.
      824 E Washington St, Phoenix, AZ 85034
      View Details
    • $3,500 /Mo
      2,400 SF

      Former Retail Convenience Store Space

      Retail space with ample parking on a hard corner lot.
      832 N Main Dr, Apache Junction, AZ 85120
      View Details
    • Contact for pricing

      Paved Parking Near State Fairgrounds

      Paved parking lot with 70+ spaces near fairgrounds.
      1414 N 17Th Ave, Phoenix, AZ 85007
      View Details
    • Contact for pricing

      Vacant Lot Near Stadium

      Vacant lot near Diamondback Stadium and Entertainment District.
      212 E Tonto St, Phoenix, AZ 85004
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

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    Bryan Watkins, Apache Junction, AZ
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    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.

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