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    5050 E Ray Rd Phoenix, AZ 85044

    For Sale
    $11,000,000

    Retail property in Phoenix with high traffic and income.

    Property size:
    104,880 SF
    Lot size:
    17.20 Acres

    Property Features for 5050 E Ray Rd

    General Information

    Size
    104,880 SF
    Lot size
    17.20 Acres

    Source: Western Retail Advisors, LLC Agent Kalen Rickard

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

    Overview

    Phoenix Retail Opportunity For Sale

    Located in the Ahwatukee submarket of Phoenix, Arizona, this retail property benefits from its in-fill location and high barriers to entry. Situated on the hard corner of Interstate 10 and Ray Road, the location sees nearly 230,000 cars per day. The property is part of the Foothills Park Place and Ahwatukee Foothills Towne Center power centers, which together attract over 12 million annual visits. The surrounding area boasts strong demographics, with average household incomes exceeding $133,000 within a three-mile radius. A five-mile radius encompasses a daytime population of 214,000. The property has a size of 104880 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lifetime Brakes Auto Repair Shop JCPenney Portraits Photographer JCPenney Clothing Store JCPenney Salon Beauty Salon Primary Air Duct ... Air Duct Cleaning Service

    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
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9748726
    Latitude
    33.3214562

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    FAQs

    What type of property is this?
    Shopping mall - Retail property in Phoenix with high traffic and income.
    Where is this shopping mall located?
    The property is located at 5050 E Ray Rd Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $11,000,000.
    What are key features of this property?
    This property features: - High Traffic Location: Hard corner of Interstate 10 and Ray Road with nearly 230,000 cars per day.; - High-Income Demographics: Average Household Incomes over $133,000 within a Three-Mile Radius.; - High Daytime Population: 214,000 within a Five-Mile radius.
    (602) 778-3747
    Request Owner's contact information
    5050 E Ray Rd Phoenix, AZ 85044
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    Phoenix, AZ 85044
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    Realmo Value Estimation

    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.

    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.

    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
    5050 E Ray Rd Phoenix, AZ 85044
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