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

    161 S Meridian Rd Apache Junction, AZ 85120

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.36 acres of commercial land for sale.

    Lot size:
    2.36 Acres

    Property Features for 161 S Meridian Rd

    General Information

    Lot size
    2.36 Acres

    We can help!

    Listing Contact
    Steve Berghoff
    Steve Berghoff
    Source: Moodyscre

    Listing Agency: Menlo Group Commercial Real Estate Listing Agent: Steve Berghoff

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

    Learn more

    Property Insight Report

    Overview

    Commercial Land in Apache Junction

    This commercial land is available for sale, encompassing approximately 2.36 acres. It is zoned 02RL (Commercial Zoning). The property is located on the southeast corner of Delaware Drive and Apache Trail in Apache Junction, with frontage on Delaware Drive. It offers close proximity to business and retail amenities and access to Loop 202 and US 60 Freeways.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    Apache Junction
    County
    Pinal
    State
    Arizona
    Longitude
    -111.571409
    Latitude
    33.413402

    Nearby Similar for Sale

    • $750,000

      Apache Junction Fourplex Investment Opportunity

      Fourplex near US-60 with updated units and strong rental income.
      2125 S Apache Dr, Apache Junction, AZ 85120
      View Details
    • $749,500

      Fully Occupied Fourplex Investment Opportunity

      Fourplex with strong income potential, renovated units, new A/C.
      451 E 10Th Ave, Apache Junction, AZ 85119
      View Details
    • New
      $432,000
      Pending

      Gold Canyon Duplex Opportunity

      Updated duplex in Gold Canyon with long-term tenants.
      6038 S Alameda Rd, Gold Canyon, AZ 85118
      View Details
    • $470,000

      Multifamily Duplex on Large Lot

      Duplex on large lot, potential for additional income streams.
      143 S Mountain Rd, Apache Junction, AZ 85120
      View Details
    • $87,500
      0.04 Acres

      Improved RV Lot with Utilities

      Premium RV lot in Golden Vista Resort, pet-friendly.
      993 Prospector Dr, Apache Junction, AZ 85119
      View Details
    • New
      $625,000
      Pending

      Apache Junction Multifamily Investment Opportunity

      Multifamily property with long-term tenants and refreshed unit.
      111 S Outpost Rd, Apache Junction, AZ 85119
      View Details
    • $127,500
      0.04 Acres

      North Facing Gem in Arizona

      1 bed, 1 bath home near clubhouse with mountain views.
      232 Aquamarine Dr, Apache Junction, AZ 85119
      View Details
    • $119,000
      0.04 Acres

      Golden Vista 55+ Community Home

      Furnished home in a vibrant 55+ community.
      632 Hawks Eye Dr, Apache Junction, AZ 85119
      View Details
    • $99,900
      0.04 Acres

      Land in Golden Vista Community

      Land in a desirable 55+ community with many amenities.
      932 Nickel Dr, Apache Junction, AZ 85119
      View Details
    • $120,000
      0.05 Acres

      Home in Golden Vista Resort

      Home in a 55+ active resort community.
      972 Oxide Dr, Apache Junction, AZ 85119
      View Details
    • $199,900
      Pending

      Furnished Home in Golden Vista

      Move-in ready home with amenities in a desirable community.
      721 Emerald Dr, Apache Junction, AZ 85119
      View Details
    • $1,100,000
      7,000 SF

      Versatile Commercial Property with Bay Doors

      7,000 SF commercial building with bay doors and additional lot.
      1544 E 18Th Ave, Apache Junction, AZ 85119
      View Details

    FAQs

    What type of property is this?
    Land - 2.36 acres of commercial land for sale.
    Where is this land located?
    The property is located at 161 S Meridian Rd Apache Junction, AZ.
    What are key features of this property?
    This property features: - Commercial Zoning (02RL); - Approximately 2.36 Acres; - Located on the SEC of Delaware Drive and Apache Trail
    (480) 206-4548 Call to check price and availability
    Request Owner's contact information
    161 S Meridian Rd Apache Junction, AZ 85120
    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.
    161 S Meridian Rd
    Apache Junction, AZ 85120
    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
    161 S Meridian Rd Apache Junction, AZ 85120
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steve Berghoff
    Steve Berghoff
    (480) 206-4548 (480) 771-1376 (480) 771-7628
    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!