Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9194 Paradise Dr Parker, AZ 85344

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $795,000

    High-traffic location, storage units, development potential.

    Property size:
    7,437 SF

    Property Features for 9194 Paradise Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,437 SF
    Lot Size
    15,682 SF

    Building Details

    Year Built
    1990

    We can help!

    Listing Contact
    David Plunkett

    Listing Agency: David Plunkett Realty Listing Agent: David Plunkett

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 7,437 square foot commercial property, situated on a 0.36-acre lot in Parker, Arizona, presents a unique investment opportunity. The property boasts a prime location fronting both Riverside Drive and Paradise Drive, offering excellent visibility and accessibility. Currently configured as a storage facility, the site includes 25 storage units with 31 individual access doors. Unit sizes vary, with some 32-foot deep units and others measuring 8x10 feet
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Parker
    County
    La Paz
    State
    Arizona
    Longitude
    -114.2224
    Latitude
    34.19588

    Nearby Similar for Sale

    • $360,000
      1,469 SF

      Moovalya Estates Toy Barn

      Self-contained toy barn with shared parking and security.
      9284 Moovalya Estates Dr, Parker, AZ 85344
      View Details
    • $349,000
      1,158 SF

      Restaurant and Bar on Parker Strip

      Restaurant and bar with beach access on the Parker Strip.
      9134 Riverside Dr, Parker, AZ 85344
      View Details
    • $445,000
      Pending

      Parker, AZ Car Wash Opportunity

      Car wash on Riverside Drive with highway frontage for sale.
      501 W Riverside Dr, Parker, AZ 85344
      View Details
    • $924,000
      2,674 SF

      Parker, AZ Multi-Family Property

      Six-unit multi-family property with pool and courtyard in Parker, AZ.
      1300 W 16Th St, Parker, AZ 85344
      View Details
    • $471,000
      2,415 SF

      Parker, AZ Triplex Investment Opportunity

      Rare triplex in Parker, AZ, ideal for investors or owner-occupiers.
      1412 W Agency Ave, Parker, AZ 85344
      View Details
    • $575,000
      2,498 SF

      Remodeled Multi-Family Property in Parker

      Four-unit property with remodeled rentals and main house.
      1808 S Laguna Ave, Parker, AZ 85344
      View Details
    • $740,000
      812 SF

      Commercial Building with Income Potential

      Centrally located commercial building with restaurant and apartments in Parker.
      1112 S Kofa Ave, Parker, AZ 85344
      View Details
    • $1,399,900
      7,150 SF

      Commercial Building in Prime Location

      Versatile commercial building with high traffic and multiple potential uses.
      1020 S California Ave, Parker, AZ 85344
      View Details
    • $3,500,000
      18,480 SF

      24-Unit Condo Complex in Parker

      Low-maintenance condo complex near the river in Parker, Arizona.
      1800 S Kofa Ave, Parker, AZ 85344
      View Details
    • $800,000
      812 SF

      Prime Parker Commercial Property

      Restaurant, Apartments, High Income
      1112 Kofa Ave, Parker, AZ 85344
      View Details
    • $499,000
      6,006 SF

      Parker, AZ Commercial Building

      Huge Potential! 6000+ sq ft. Vacant.
      1005 17Th St, Parker, AZ 85344
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, storage units, development potential.
    Where is this commercial real estate located?
    The property is located at 9194 Paradise Dr Parker, AZ.
    What is the asking price?
    The asking price for this property is $795,000.
    (928) 667-1699
    Request Owner's contact information
    9194 Paradise Dr Parker, AZ 85344
    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.
    9194 Paradise Dr
    Parker, AZ 85344
    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
    9194 Paradise Dr Parker, AZ 85344
    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

    We can help!
    Listing Contact
    David Plunkett
    (928) 667-1699 (928) 916-2742
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!