Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Regional Shopping Center Retail Space Title is generated by Realmo AI

    10020 W McDowell Rd, Avondale, AZ 85392

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space in a high-traffic regional shopping center.

    Type:Retail
    Property size:
    1,500,000 SF
    Added:
    Feb 17, 2026
    Days on Market:
    84
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 10020 W McDowell Rd

    General Information

    Standard status
    Active
    Size
    1,500,000 SF
    Property subtype
    Retail

    Spaces For Lease

    at 10020 W McDowell Rd Contact us

    We can help!

    Listing Contact
    Michael Ord

    Listing agent Michael Ord License #BR566469000

    Listing office D.L Slaughter Company

    Listing date Feb 17, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of D.L Slaughter Company

    HighLights

    • Second most visited community shopping center in Arizona
    • Boasting 5.9M annual customer visits
    • Over 1.5 million square feet of retail, restaurant, and entertainment uses
    • Over 25,000 healthcare workers "next door" in the West Valley Health Corridor
    • Traffic increased by over 9% YoY
    • Home to top state‑ranked retailers and restaurants including Chick‑fil‑A, Costco, and ULTA

    Overview

    This retail space is located within a shopping center that features over 1.5 million square feet of retail, restaurant, and entertainment uses. The location benefits from its proximity to the West Valley Health Corridor, with over 25,000 healthcare workers nearby. The shopping center is a popular destination, ranking as the second most visited community shopping center in Arizona, with 5.9 million annual customer visits and a year-over-year traffic increase of over 9%. The average dwell time is 41 minutes. Over 6,398 daytime employees are within 1 mile, and 10 auto dealerships are within ½ mile, contributing to the regional draw.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Knee Walker Rental ... Car Rental Facility Gateway Pavilions Shopping Center & Mall 5.11 Tactical (Bike/Boat/Book/etc) Store The Vitamin Shoppe (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Park 10 — 10321 W McDowell Rd, Avondale, AZ 85392
    • Gateway Village — 10273 W McDowell Rd, Avondale, AZ 85392

    Location Insight

    • Map
    • Local Demand
    City
    Avondale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.280997
    Latitude
    33.464684

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space Near Interstate 10

      Retail space in a flourishing Avondale industrial area.
      9920 W Van Buren St, Avondale, AZ 85323
      View Details
    • Contact for pricing

      Retail Space Near Major Retailers

      Retail space available near Walmart and LA Fitness.
      Avondale, AZ 85392
      View Details
    • Contact for pricing

      Avondale Warehouse Ready For Occupancy

      134,406 SF warehouse on 8.6 acres in Avondale, Arizona.
      9990 West Pierce Street, Avondale, AZ, 85323
      View Details
    • Contact for pricing

      Retail Space in Established Neighborhood

      Retail space in Avondale, near high-income neighborhoods.
      1555 N Dysart Rd, Avondale, AZ 85323
      View Details
    • Contact for pricing

      Retail Space Near Interstate 10

      Retail space in well-established neighborhood near major transportation.
      13070 W Rancho Santa Fe Blvd, Avondale, AZ
      View Details
    • Contact for pricing

      Avondale Warehouse with Air Conditioning

      78,548 SF warehouse space with full air conditioning for lease.
      940 E Riley Dr, Avondale, AZ
      View Details
    • Contact for pricing

      Retail Space in Avondale Commons

      Retail space for lease in a mixed-use development.
      Avondale Blvd, Avondale, AZ
      View Details
    • Contact for pricing

      Established Automotive Shop for Rent

      Fully built-out automotive shop with operational history available for rent.
      706 E Western Ave, Avondale, AZ 85323
      View Details
    • Contact for pricing

      Avondale Medical Office Space

      Medical office space in Avondale's Health-Tech Corridor, near hospitals.
      10815 W McDowell Rd, Avondale, AZ
      View Details
    • Contact for pricing

      Freestanding Warehouse Building Available

      95,232 SF freestanding warehouse building for lease.
      N 99th Ave & W Van Buren St, Tolleson, AZ 85353, USA, Avondale, AZ, 85353
      View Details
    • Contact for pricing

      Mixed-Use Site Near I-10 Freeway

      43-acre site for retail, restaurant, hotel, and office uses.
      N 107th Ave & W McDowell Rd, Avondale, AZ
      View Details
    • Contact for pricing

      Mixed-Use Site Near I-10

      43-acre mixed-use site near I-10 Freeway.
      W McDowell Rd & N 107th Ave, Avondale, AZ
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space in a high-traffic regional shopping center.
    Where is this shopping center located?
    The property is located at 10020 W McDowell Rd Avondale, AZ.
    What are key features of this property?
    This property features: Second most visited community shopping center in Arizona; Boasting 5.9M annual customer visits; Over 1.5 million square feet of retail, restaurant, and entertainment uses
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Ord
    Real Estate License ID: BR566469000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    10020 W McDowell Rd, Avondale, AZ 85392
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!