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

    11709 W Thunderbird Rd El Mirage, AZ 85335

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $424,827

    Freestanding, fully equipped restaurant in a high-traffic location.

    Property size:
    1,686 SF
    Lot size:
    5,227.00 Acres

    Property Features for 11709 W Thunderbird Rd

    General Information

    Standard status
    Active
    Zoning
    CC
    Size
    1,686 SF
    Lot size
    5,227.00 Acres

    Building Details

    Year built
    1981

    We can help!

    Listing Contact
    Adam Lewis
    Adam Lewis
    Source: Crexi

    Listing Agency: Arizona International Real Estate Listing Agent: Adam Lewis

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

    Learn more

    Overview

    Turnkey Restaurant in El Mirage

    The property at 11709 W Thunderbird Rd, El Mirage, AZ 85335 is a 1,686 SF freestanding building on 0.12 acres. It is located in the El Mirage/Sun City trade corridor. The property is a turnkey restaurant setup, including a hood system, grease trap, and reach-in cooler/freezer infrastructure. The property has approximately 70 feet of Grand Avenue frontage and high traffic exposure of 50,000-60,000 vehicles per day. The property is located in a bustling area with a population exceeding 96,000 and household growth projections exceeding 8% over the next five years. It is offered at an accessible price for the real estate only, with owner carry available subject to negotiation. It is ideal for first-time restaurateurs or strategic investors.
    Location Intelligence

    Current Use by Public Records

    Amigo's Restaurant Las Comadres Mexican ... Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    El Mirage
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.3124111
    Latitude
    33.6086308

    Nearby Similar for Sale

    • $380,000

      El Mirage Multifamily Home

      Multifamily property with separate living spaces, ideal for rental income.
      13705 N Pablo St, El Mirage, AZ 85335
      View Details
    • $495,000

      Industrial Warehouse Building For Sale

      Industrial warehouse with fenced yard, convenient access to major routes.
      11713 W Thunderbird Rd, El Mirage, AZ 85335
      View Details
    • Contact for pricing

      Retail PAD Available For Sale

      Last retail pad available in El Mirage, fully improved.
      13775 N Dysart Rd, El Mirage, AZ 85335
      View Details
    • Contact for pricing
      2,303 SF

      El Mirage Retail Opportunity

      Retail property for sale in a growing Phoenix trade area.
      11817 W Thunderbird Rd, El Mirage, AZ 85335
      View Details
    • Contact for pricing
      216,688 SF

      El Mirage Industrial Property

      Industrial property in El Mirage, approximately 216,688 square feet.
      9755 N El Mirage Rd, El Mirage, AZ 85335
      View Details
    • Contact for pricing
      4,400 SF

      El Mirage Warehouse For Sale

      4,400 square foot warehouse property in El Mirage, Arizona.
      12301 W Butler Dr, El Mirage, AZ 85335
      View Details
    • $590,000
      4,200 SF

      El Mirage Industrial Property For Sale

      Industrial property in a strategic West Valley location.
      11713 W Thunderbird Rd, El Mirage, AZ 85335
      View Details
    • Contact for pricing
      284,421 SF

      Modern Logistics Warehouse in El Mirage

      Class A industrial building with expressway access and labor pool.
      N Dysart Rd, El Mirage, AZ 85335
      View Details
    • Contact for pricing
      520,787 SF

      Modern Logistics Warehouse in El Mirage

      Class A industrial building with expressway access and labor pool.
      Northern Pkwy, El Mirage, AZ
      View Details
    • Contact for pricing
      694,395 SF

      Modern Logistics Warehouse Space

      Class A industrial building with expressway access and labor pool.
      Northern Pkwy & Dysart Rd, El Mirage, AZ
      View Details

    FAQs

    What type of property is this?
    Retail space - Freestanding, fully equipped restaurant in a high-traffic location.
    Where is this retail space located?
    The property is located at 11709 W Thunderbird Rd El Mirage, AZ.
    What is the asking price?
    The asking price for this property is $424,827.
    What are key features of this property?
    This property features: - High-traffic location with 50,000-60,000 vehicles per day and approximately 70 feet of Grand Avenue frontage.; - Fully equipped restaurant setup including hood system, grease trap, and reach-in cooler/freezer infrastructure.; - Freestanding 1,686 SF building on 0.12 acres in the El Mirage/Sun City trade corridor.
    (602) 478-3711
    Request Owner's contact information
    11709 W Thunderbird Rd El Mirage, AZ 85335
    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.
    11709 W Thunderbird Rd
    El Mirage, AZ 85335
    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
    11709 W Thunderbird Rd El Mirage, AZ 85335
    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
    Adam Lewis
    Adam Lewis
    Real Estate License ID: AZSA705779000
    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!