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

    4860 N Litchfield Rd Litchfield Park, AZ 85340

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

    Retail space in a lively area near Litchfield Park.

    Property size:
    3,548 SF
    Lot size:
    0.83 Acres

    Property Features for 4860 N Litchfield Rd

    General Information

    Size
    3,548 SF
    Lot size
    0.83 Acres

    We can help!

    Listing Contact
    Nick Dedona
    Nick Dedona
    Source: Moodyscre

    Listing Agent: Nick Dedona

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

    Learn more

    Property Insight Report

    Overview

    Retail Space Near Litchfield Park

    This retail space is located in Litchfield Park, Arizona, near the intersection of Litchfield Road and Camelback Road. The surrounding area features a Main Street with boutique shops and dining options. The property is located within 1 mile of Luke Airforce Base. The median household income within 3 miles is $107,579. Anchored by CVS and across from Fry’s Marketplace, the property benefits from signage fronting 18,682 cars per day. The property offers 3,548 square feet of space and is a 2nd Gen Medical Office.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Edward Kowaleski Family Practice Physician Terez Getz, DO: ... Family Practice Physician Randi Herman, FNP Nurse Practitioner Thomas Robert Pena ... Family Practice Physician Randi Michelle Herman, ... Family Practice Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Litchfield Park
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.3586398
    Latitude
    33.5068919

    Nearby Similar for Lease

    • $500 /Mo
      1,230 SF

      Executive Office Sublease in Litchfield

      Individual executive offices available for sublease in Litchfield Park.
      503 E Plaza Cir, Litchfield Park, AZ 85340
      View Details
    • Contact for pricing

      Litchfield Park Industrial Space Available

      Industrial spaces for lease, divisible, with AC and ESFR.
      16840 W Bethany Home Rd, Litchfield Park, AZ 85307
      View Details
    • Contact for pricing
      1,259,666 SF

      Litchfield Park Industrial Space

      Large industrial space with customizable floor plans and modern amenities.
      7200 N Sarival Ave, Litchfield Park, AZ
      View Details
    • Contact for pricing
      629,835 SF

      Litchfield Park Warehouse Space

      Large industrial property with customizable floor plans and ample parking.
      16500 W Glendale Ave, Litchfield Park, AZ 85340
      View Details
    • Contact for pricing
      29,416 SF

      Litchfield Park Retail Center

      Prime Retail Space Available, 2,500 SF
      4101 Jackrabbit Trl, Litchfield Park, AZ 85340
      View Details
    • Contact for pricing
      160,140 SF

      Litchfield Park Warehouse Space

      Tilt-wall, single-load building with secured truck courts.
      4445 North 169 Ave, Litchfield Park, AZ 85340
      View Details
    • Contact for pricing
      1,200 SF

      Retail Pad with Drive-Thru

      Retail pad building with drive-thru available for lease.
      W Camelback Rd, Litchfield Park, AZ 85340
      View Details
    • Contact for pricing
      3,600 SF

      Litchfield Park Retail Space For Lease

      Prime Retail Space, 3600 sq ft, Vacant
      0 Litchfield Rd & Camelback Rd, Litchfield Park, AZ 85340
      View Details
    • Contact for pricing
      7,000 SF

      Automotive/Retail Pad Site Available

      Pad site suitable for automotive or retail use for rent.
      4169 N 187 Ln, Litchfield Park, AZ
      View Details
    • Contact for pricing
      3,134 SF

      Furnished Medical Office Space Available

      Turn-key medical office space for rent on select days.
      13575 W Indian School Rd, Litchfield Park, AZ 85340
      View Details
    • Contact for pricing
      1,853 SF

      Restaurant and Retail Space Available

      Restaurant and retail opportunity in Litchfield Park mixed-use development.
      Nec Litchfield Rd & Wigwam Blvd, Litchfield Park, AZ
      View Details
    • Contact for pricing
      141,861 SF

      Industrial Space Available For Lease

      Divisible industrial space with offices, dock and grade-level positions.
      6244 N Litchfield Rd, Litchfield Park, AZ 85340
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in a lively area near Litchfield Park.
    Where is this retail space located?
    The property is located at 4860 N Litchfield Rd Litchfield Park, AZ.
    What are key features of this property?
    This property features: - Anchored by CVS and across from Fry’s Marketplace.; - Located in Litchfield Park with a Median Household Income of $107,579 within 3 miles.; - Signage fronting 18,682 Cars per day.
    (480) 586-4096
    Request Owner's contact information
    4860 N Litchfield Rd Litchfield Park, AZ 85340
    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.
    4860 N Litchfield Rd
    Litchfield Park, AZ 85340
    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
    4860 N Litchfield Rd Litchfield Park, AZ 85340
    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
    Nick Dedona
    Nick Dedona
    (480) 586-4096
    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.