Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3649 W Dreamy Draw Dr Queen Creek, AZ

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail property in a rapidly growing San Tan Valley community.

    Type:RETAIL
    Property size:
    8,523 SF
    Lot size:
    56.45 Acres
    Added:
    May 31, 2023
    Days on Market:
    1069
    Last Refresh:
    Apr 5 at 11:16 pm

    Property Features for 3649 W Dreamy Draw Dr

    General Information

    Standard status
    Active
    Size
    8,523 SF
    Lot size
    56.45 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 3649 W Dreamy Draw Dr Contact us

    We can help!

    Listing Contact
    Nick DeDona

    Listing agent Nick DeDona

    Listing office Phoenix Commercial Advisors

    Listing date May 31, 2023

    Source Moodyscre

    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 Phoenix Commercial Advisors

    Overview

    Retail Property in Growing Community

    This retail property is located in San Tan Valley, one of the fastest-growing communities in Arizona. The property is situated within the San Tan Heights Master Planned Community and is adjacent to the Promenade by Fulton and Toll Brothers. Hunt Highway, a major North/South arterial, links Queen Creek to Florence. Over the past 12 months, the area has seen over 2,400 new home starts, with over 16,000 lots actively being developed or under construction within a 5-mile radius of the site. The property size is 8,523 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Map

    City
    Queen Creek
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.632
    Latitude
    33.2541

    Nearby Similar for Sale

    • $295,000

      Established Glass Business For Sale

      Well-known glass company with recurring accounts, inventory, and goodwill.
      21755 E MCCOWAN Lane, Queen Creek, AZ 85142
      View Details
    • Contact for pricing
      3,915 SF

      Queen Creek Retail Space Available

      Retail space for sale in Queen Creek's Heritage Town Square.
      20850 East Heritage, Queen Creek, AZ 85142
      View Details
    • $1,200,000
      2,722 SF

      Dental Office in Queen Creek

      2,722 SF dental office for sale in Queen Creek.
      18610 E Rittenhouse Rd, Queen Creek, AZ
      View Details
    • $295,000

      Queen Creek Land For Sale

      Land available in Pinal County, Queen Creek.
      21755 E MCCOWAN Lane, Queen Creek, AZ 85142
      View Details
    • Contact for pricing
      70,961 SF

      Esporta Anchored Retail Space

      Retail space in Queen Creek, anchored by Esporta Fitness.
      7215 S Power Rd, Queen Creek, AZ 85142
      View Details
    • $3,550,000
      950 SF

      NNN Ground Lease Opportunity

      New 15-year NNN ground lease with corporate guaranty.
      23683 S Power Rd, Queen Creek, AZ
      View Details
    • $900,000

      Commercial Property Near New Development

      Commercial property suitable for owner-users or investors near future development.
      22030 S Ellsworth Rd, Queen Creek, AZ 85142
      View Details
    • $900,000
      1,288 SF

      Commercial Property Near New Development

      Commercial property suitable for owner-users or investors near upcoming development.
      22030 S ELLSWORTH Road, Queen Creek, AZ 85142
      View Details
    • $6,499,470
      1,758 SF

      Medical/Dental Office Space Available

      Medical/dental office space for lease in Queen Creek, AZ.
      26015 S 207 Pl, Queen Creek, AZ
      View Details
    • Contact for pricing
      7,629 SF

      Retail Property in Growing Community

      Retail property in a rapidly growing San Tan Valley community.
      3431 W Dreamy Draw Dr, Queen Creek, AZ
      View Details
    • Contact for pricing
      4,335 SF

      Retail Space in Growing Community

      Retail space available in fast-growing San Tan Valley, Arizona.
      3507 W Dreamy Draw Dr, Queen Creek, AZ
      View Details
    • Contact for pricing
      2,800 SF

      Retail Property in Growing Community

      Retail property in a rapidly developing San Tan Valley community.
      3595 W Dreamy Draw Dr, Queen Creek, AZ
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail property in a rapidly growing San Tan Valley community.
    Where is this retail property located?
    The property is located at 3649 W Dreamy Draw Dr Queen Creek, AZ.
    What are key features of this property?
    This property features: Located within San Tan Heights Master Planned Community.; Adjacent to the Promenade by Fulton and Toll Brothers.; San Tan Valley is one of the fastest growing communities in Arizona.
    (480) 586-4096 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nick DeDona
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry

    3649 W Dreamy Draw Dr, Queen Creek, AZ

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!