Updated Storefront
For Sale
Contact for pricing
11011 W Buckeye Rd, Avondale, AZ 85329
The building offers 3,362 square feet, newer utilities, and an updated exterior.
Property Size3,362 SF
Price / SF$282.57
Days on Market154
Property Features for 11011 W Buckeye Rd
General Information
Standard status
Active
Size
3,362 SF
Property subtype
Retail
Additional Details
Utilities to Site
Yes
Listing Agency:
Arizona International Real Estate
Listed By:
Talon Lewis · License #SA715916000
Source:
Crexi
Added: Mar 31
Changed: Aug 30
Last Checked: Aug 30 at 5:43PM
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 Arizona International Real Estate
Investment Insights
Based on property information with market context.
This storefront property contains 3,362 square feet and features newer utilities along with an updated exterior. The space is presented for potential use as a club, bar, or retail service operation, subject to applicable requirements.
The property is located at 11011 W Buckeye Rd in Avondale, Arizona 85329. Its storefront configuration and existing improvements provide a commercial setting for an operator seeking space along W Buckeye Rd.
The property is located at 11011 W Buckeye Rd in Avondale, Arizona 85329. Its storefront configuration and existing improvements provide a commercial setting for an operator seeking space along W Buckeye Rd.
Key Highlights
- 3,362‑square‑foot storefront property
- Newer utilities
- Updated exterior
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,389
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$847,780
$847.8K
Cap Rate 7%
$605,557
$605.6K
Cap Rate 9%
$470,989
$471.0K
Market Conditions
NOI Build-Up for 3,362 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$63.7K $18.96/SF
− Vacancy
−$3.2K −$0.95/SF
EGI
$60.6K $18.01/SF
− OpEx
−$18.2K −$5.40/SF
NOI
$42.4K $12.61/SF
Area
Maricopa County, AZ
Vacancy
5.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$847,780
Cap Rate 7%
$605,557
Cap Rate 9%
$470,989
Alternative Uses
Best Use
Retail
$605.6K
$529.9K – $706.5K
NOI $42,389 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$910.0K – $1.21M
NOI $72,797 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
139k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 51%
Shops & Services 25%
Dining 22%
Electronics 1%
Fry's
Groceries
70,358 visits/mo
0.4 miles
Burger King
Dining
13,960 visits/mo
0.5 miles
Circle K
Shops & Services
11,211 visits/mo
0.1 miles
Fry's Fuel Center
Shops & Services
11,100 visits/mo
0.4 miles
Taco Bell
Dining
9,281 visits/mo
0.3 miles
Demographics for 85329, AZ
2,438
Population
819
Households
3
Avg Household Size
31
Median Age
45%
High-School Grad
0.3 sq mi
ZIP Area
8,127
Density / Sq Mi
$36,292
Median Household Income
$25,172
Median Earnings
$1,213
Median Rent
$243,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - The building offers 3,362 square feet, newer utilities, and an updated exterior.
Where is this storefront property located?
The property is located at 11011 W Buckeye Rd Avondale, AZ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 3,362‑square‑foot storefront property; Newer utilities; Updated exterior
