Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    13480 N Litchfield Rd Surprise, AZ 85379

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in Surprise, Arizona with high traffic.

    Property size:
    9,521 SF
    Lot size:
    8.00 Acres

    Property Features for 13480 N Litchfield Rd

    General Information

    Size
    9,521 SF
    Lot size
    8.00 Acres

    We can help!

    Listing Contact
    Brent Mallonee
    Source: Moodyscre

    Listing Agent: Brent Mallonee

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

    Learn more

    Property Insight Report

    Overview

    Retail Space in Surprise, Arizona

    This retail space is located at the intersection of Litchfield Road and Waddell Road, benefiting from a traffic volume of over 40,138 vehicles per day. The surrounding area has a substantial employee and daytime population, exceeding 197,000 within a 5-mile radius. The area also features strong household incomes, averaging approximately $113,000 within a 1-mile radius. The property is situated across from a ±145,000 square foot Amazon Warehouse Distribution Facility, which employs approximately 600 people. The property size is 9,521 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Surprise
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.3611887
    Latitude
    33.6062751

    Nearby Similar for Lease

    • Contact for pricing

      New Retail Hub in Surprise

      Dynamic shopping center with high-end grocer and retail spaces.
      Sec Sarival Ave & Waddell Rd, Surprise, AZ 85388
      View Details
    • Contact for pricing
      1,364 SF

      Retail Space Near Loop 303

      Retail space near Loop 303 and Prasada automall.
      17166-17240 W Waddell Rd, Surprise, AZ 85388
      View Details
    • Contact for pricing
      4,950 SF

      Retail Space Near Loop 303

      Retail space near Loop 303 and Prasada AutoShow.
      Swc Cotton Ln & Waddell Rd, Surprise, AZ
      View Details
    • Contact for pricing
      2,113 SF

      Restaurant & Retail Space Available

      High-profile restaurant and retail space in a well-established area.
      14471 W Winding Trl, Surprise, AZ 85374
      View Details
    • Contact for pricing
      2,814 SF

      Prime Restaurant & Retail Space

      High-profile restaurant and retail space in a dense, established neighborhood.
      14385 W Bell Rd, Surprise, AZ 85374
      View Details
    • Contact for pricing
      150,615 SF

      Level Crossing Building 3

      150,615 SF Industrial Space, Surprise, AZ
      13550 Dysart Rd, Surprise, AZ 85379
      View Details
    • Contact for pricing
      3,375 SF

      Retail Space in Surprise Center

      Retail space for lease in a mixed-use commercial development.
      13601 N Litchfield Rd, Surprise, AZ 85379
      View Details
    • $2,500 /Mo
      1,289 SF

      Furnished Rental in Gated Community

      Furnished 2-bedroom, 2-bath rental with pool and spa access.
      14575 W Mountain View Blvd, Surprise, AZ 85374
      View Details
    • Contact for pricing
      1 SF

      Prime Retail Location in Surprise

      Exceptional property with high traffic and customizable spaces for lease.
      Sec Alexandria & Prasada Pkwy, Surprise, AZ 85388
      View Details
    • $2,500 /Mo
      1,350 SF

      Gated Complex Unit with Den

      Two-bedroom unit with den in gated complex, utilities included.
      14575 W Mountain View Blvd, Surprise, AZ 85374
      View Details
    • Contact for pricing
      212,143 SF

      Prime Surprise Retail Center

      High-traffic retail space, multiple suites available
      14823 Bell Rd, Surprise, AZ 85374
      View Details
    • Contact for pricing
      12,777 SF

      Marley Park Square Retail Center

      Surprise, AZ Retail Space - Drive-Thru Ready
      13580 Litchfield Rd, Surprise, AZ 85379
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in Surprise, Arizona with high traffic.
    Where is this retail space located?
    The property is located at 13480 N Litchfield Rd Surprise, AZ.
    What are key features of this property?
    This property features: - High traffic location: Over 40,138 vehicles per day (VPD) at the intersection of Litchfield Road & Waddell Road.; - High daytime population: Over 197,000 employees/daytime population within a 5-mile radius.; - Strong household incomes: Approximately $113,000 average household income within a 1-mile radius.
    (602) 954-9000
    Request Owner's contact information
    13480 N Litchfield Rd Surprise, AZ 85379
    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.
    13480 N Litchfield Rd
    Surprise, AZ 85379
    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
    13480 N Litchfield Rd Surprise, AZ 85379
    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
    Brent Mallonee
    (602) 954-9000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.