5-Suite Mixed-Use
For Sale
Contact for pricing
12018 W Thunderbird Rd, El Mirage, AZ 85335
Contemporary commercial property offering configurable space for office, retail, and restaurant uses.
Property Size8,000 SF
Price / SF$0.23
Days on Market197
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Property Features for 12018 W Thunderbird Rd
General Information
Standard status
Active
Size
8,000 SF
Building Details
Year Built
2024
Buildings
1
Tenancy
Multi
Listing Agency:
Swallows & Associates Realty
Listed By:
Tabor M Swallows-Vinck Tabor@CallTabor.com
Source:
Arizonahomeselling
Added: Apr 2
Changed: Oct 7
Last Checked: Oct 14 at 11:10PM
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 Swallows & Associates Realty
Investment Insights
Based on property information with market context.
Completed in 2024, this 8,000-square-foot mixed-use building is configured as a five-suite commercial property. Individual spaces range from 1,000 to 8,000 square feet and can support office, retail, or restaurant uses.
Interiors are planned for build-to-suit delivery, allowing each suite to be tailored to its intended operation. The storefront concept includes large glass panels, brick accents, signage areas, canopies, and architectural lighting. The property is located at 12018 W Thunderbird Rd in El Mirage, along the city’s primary downtown thoroughfare.
Interiors are planned for build-to-suit delivery, allowing each suite to be tailored to its intended operation. The storefront concept includes large glass panels, brick accents, signage areas, canopies, and architectural lighting. The property is located at 12018 W Thunderbird Rd in El Mirage, along the city’s primary downtown thoroughfare.
Key Highlights
- 8,000‑square‑foot mixed‑use building completed in 2024
- Five commercial suites with spaces ranging from 1,000 to 8,000 square feet
- Build‑to‑suit interiors planned for office, retail, or restaurant uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,959
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,139,180
$1.1M
Cap Rate 7%
$813,700
$813.7K
Cap Rate 9%
$632,878
$632.9K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$103.7K $12.96/SF
− Vacancy
−$12.5K −$1.57/SF
EGI
$91.1K $11.39/SF
− OpEx
−$34.2K −$4.27/SF
NOI
$57.0K $7.12/SF
Area
Maricopa County, AZ
Vacancy
12.10%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,139,180
Cap Rate 7%
$813,700
Cap Rate 9%
$632,878
Alternative Uses
Best Use
Retail
$1.44M
$1.26M – $1.68M
NOI $100,867 @ 7.0% cap · market cap 5,499.84%
Second Best
Mixed Use
$813.7K
$712.0K – $949.3K
NOI $56,959 @ 7.0% cap · market cap 3,105.73%
Theoretical Best
Office A
$2.47M
$2.17M – $2.89M
NOI $173,223 @ 7.0% cap · market cap 9,445.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Dining 9%
Electronics 7%
Family Dollar
Shops & Services
7,192 visits/mo
0.1 miles
Freeway Insurance Services
Shops & Services
2,218 visits/mo
0.1 miles
La Bamba
Dining
1,017 visits/mo
0.1 miles
Boost Mobile
Electronics
833 visits/mo
0.1 miles
Demographics for 85335, AZ
35,815
Population
11,896
Households
3
Avg Household Size
30
Median Age
15%
College-Educated
81%
High-School Grad
12.0 sq mi
ZIP Area
2,985
Density / Sq Mi
$74,764
Median Household Income
$37,838
Median Earnings
$1,682
Median Rent
$282,000
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Contemporary commercial property offering configurable space for office, retail, and restaurant uses.
Where is this mixed-use property located?
The property is located at 12018 W Thunderbird Rd El Mirage, AZ.
What are key features of this property?
This property features: 8,000‑square‑foot mixed‑use building completed in 2024; Five commercial suites with spaces ranging from 1,000 to 8,000 square feet; Build‑to‑suit interiors planned for office, retail, or restaurant uses
