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    Property profile & analytics

    Eloy, AZ 85131

    • Apartment buildings
    • 7,076 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details

    Year built
    1973
    Lot size
    0.69 lot acres
    Property size
    7,076 SF
    Property type
    Apartment buildings

    Description

    This exceptional 13-unit apartment complex presents a compelling investment opportunity in the thriving city of Eloy, Arizona. Boasting a total of 7,076 square feet on a 0.69-acre lot, this property offers a desirable mix of unit sizes, including four two-bedroom units and nine one-bedroom units. The classic Spanish-style architecture is constructed of solid slump block, ensuring durability and longevity. Each unit is equipped with sprinklers and security doors, enhancing both safety and peace of mind for residents. Ample parking is available for tenants and guests. Beyond the individual units, the property features a fenced perimeter, a welcoming gathering area, and a convenient ramadas with a built-in BBQ, creating a strong sense of community. The property is priced at $995,000, with seller financing available. Eloy's robust economic growth, fueled by significant industrial expansion from companies such as Lucid Motors, Townley Manufacturing, Republic Plastics, and Otto Industries, makes this a particularly attractive investment. The strong tenant base and desirable amenities contribute to a high occupancy rate and consistent cash flow. All provided information is approximate

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Eloy
    County
    Pinal
    State
    Arizona
    Longitude
    -111.548
    Latitude
    32.7486

    Comparable in this City

    • Value Estimation by Request

      4215 Granada Dr

      Multifamily properties
      4215 Granada Dr, Eloy, AZ 85131
      View Details
    • Value Estimation
      $2,540,000
      1.00 Acres

      608 Frontier St

      MOBILE HOME PARK, TRAILER PARK • 1.00 Acres
      608 Frontier St, Eloy, AZ 85131-1750
      View Details
    • Value Estimation
      $2,540,000
      1.91 Acres

      610 Frontier St

      MOBILE HOME PARK, TRAILER PARK • 1.91 Acres
      610 Frontier St, Eloy, AZ 85131
      View Details
    • Value Estimation
      $310,000
      425 SF

      799 Battaglia Rd

      MOBILE HOME PARK, TRAILER PARK • 425 SF
      799 Battaglia Rd, Eloy, AZ 85131-1736
      View Details
    • Value Estimation
      $2,540,000
      811 SF

      612 Frontier St

      CAMPGROUND, RV PARK • 811 SF
      612 Frontier St, Eloy, AZ 85131-1745
      View Details
    • Value Estimation
      $8,100,000
      2,293 SF

      4555 Tonto Rd

      CAMPGROUND, RV PARK • 2,293 SF
      4555 Tonto Rd, Eloy, AZ 85131-1162
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $10 SF/Yr
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      Eloy, AZ Multi-Use Commercial Space

      Prime Eloy location, flexible office/retail space.
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      Prime Retail Space, Phoenix

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    • $0.85 SF/Yr
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      Industrial Space with Storage Yard

      22,450 SF industrial space with a 2.30-acre storage yard.
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      2,380 SF

      Retail/Office Space in Eloy, AZ

      High-visibility retail/office space at Robson Ranch entrance in Eloy.
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    • Contact for pricing
      1,145,192 SF

      Prime Commercial Land, Pinal County

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      1214 Sunshine Blvd, Eloy, AZ 85131
      View Details
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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.

    More about this property
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