Former Bank Turned
12200 N 111th Ave, Youngtown, AZ 85363
Spacious property with potential for retail or commercial use.
Type:Special Purpose
Property size:
7,206 SFPrice / SF:
$228/SF- Added:
- Jun 10, 2024
- Days on Market:
- 724
- Last Refresh:
- May 12 at 10:49 pm
Property Features for 12200 N 111th Ave
General Information
- Standard status
- Active
- Size
- 7,206 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1962
Listing agent Melvin White License #SA 678541000
Listing office Barrett Real Estate
Listing date Jun 10, 2024
Source Crexi
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 Barrett Real Estate
HighLights
- Prime location between Sun City Golf Course and Maricopa Lake Park.
- Oversized corner lot with twenty‑nine parking spaces.
- Grand vaulted ceilings and expansive show floor space.
- Versatile property suitable for retail, warehouse, sales center, or commercial use.
- Multiple offices, restrooms, and storage rooms on the main floor.
- Private office suite with separate entrance, reception area, and restrooms.
Overview
This unique and spacious 7,206 square foot property is situated in a location between Sun City Golf Course and Maricopa Lake Park. Formerly a bank and then a church, the property offers potential for a variety of uses. It features an oversized corner lot with twenty-nine parking spaces. The interior includes grand vaulted ceilings and expansive show floor space, along with four offices, restrooms, and extra storage rooms on the main floor. A private office suite with its own entrance, reception area, and restrooms provides added privacy. Additionally, there are four more offices, a kitchen, bathrooms, and more storage space with its own separate entrance. The property is suitable for a retail space, warehouse, sales center, or commercial property. It is being sold in present condition as-is.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $136.6k | $18.96 |
| − Vacancy | −$6.8k | −$0.95 |
| EGI | $129.8k | $18.01 |
| − OpEx | −$38.9k | −$5.40 |
| NOI | $90.9k | $12.61 |
7,206 SF · lease $18.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.30M
$1.14M – $1.51M
NOI $90,856 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,031 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Churches & religious facilities
Location Insight
- Map
- Local Demand
- City
- Youngtown
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.2990951
- Latitude
- 33.5952886
FAQs
What type of property is this?
Church & religious facility - Spacious property with potential for retail or commercial use.
Where is this church & religious facility located?
The property is located at 12200 N 111th Ave Youngtown, AZ.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Prime location between Sun City Golf Course and Maricopa Lake Park.; Oversized corner lot with twenty‑nine parking spaces.; Grand vaulted ceilings and expansive show floor space.
