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

    13580 N Litchfield Rd Surprise, AZ 85379

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

    Retail space with high visibility and strong demographics.

    Type:Retail, Restaurant
    Added:
    Dec 6, 2024
    Days on Market:
    509
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 13580 N Litchfield Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail, Restaurant

    Building Details

    Year Built
    2025

    Spaces For Lease

    at 13580 N Litchfield Rd Contact us

    We can help!

    Listing Contact
    Tate Blalock
    Tate Blalock

    Listing agent Tate Blalock License #SA691915000

    Listing office Cushman & Wakefield - Phoenix, Arizona

    Listing date Dec 6, 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 Cushman & Wakefield - Phoenix, Arizona

    Overview

    Retail Space at High-Traffic Intersection

    This retail space is situated at the intersection of Litchfield Road and Waddell Road, benefiting from a traffic volume of over 40,138 vehicles per day. The surrounding area has a daytime population of over 197,000 within a 5-mile radius. The area also features strong household incomes, with approximately $113,000 within a 1-mile radius. The property is located across from an approximately 145,000 square foot Amazon Warehouse Distribution Facility, which employs approximately 600 people.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    Surprise
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.3595079
    Latitude
    33.60769

    Nearby Similar for Lease

    • $28 SF/Yr

      Medical Office in Surprise, Arizona

      Modern medical office space in Surprise entertainment district for rent.
      14815 West Bell Road, Surprise, AZ, 85374
      View Details
    • $36 SF/Yr

      Retail Space Available For Rent

      Retail spaces available for lease with freestanding PAD.
      14155 W Bell Road, Surprise, AZ 85374
      View Details
    • $36 SF/Yr

      Retail End Cap with Patio

      Retail space available with patio, near major retailers.
      14155 W Bell Rd, Surprise, AZ 85374
      View Details
    • Contact for pricing

      Restaurant & Retail Space Available

      High-profile restaurant and retail space in a well-established neighborhood.
      14823 W Bell Rd, Surprise, AZ 85374
      View Details
    • Contact for pricing

      Surprise Marketplace Retail Space

      Retail spaces available for lease in Surprise, Arizona.
      13707-13723 W. Bell Rd, Surprise, Arizona 85374
      View Details
    • Contact for pricing

      Industrial Space Near Airport

      Industrial space for lease near Phoenix Sky Harbor International Airport.
      13270 W Bell Rd, Surprise, AZ 85023
      View Details
    • Contact for pricing

      Retail Space in Surprise Towne

      Retail space available for lease in Surprise, Arizona.
      13722 W Bell Rd, Surprise, AZ 85374
      View Details
    • Contact for pricing

      Retail Space Near Movie Theater

      Retail space available near AMC Movie Theatres and Uptown Alley.
      13621 N Litchfield Rd, Surprise, AZ 85379
      View Details
    • Contact for pricing

      Retail Strip Center For Rent

      Retail spaces available in a busy, fully leased strip center.
      14071 W Bell Rd, Surprise, AZ 85374
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for lease.
      11294 W Bell Rd, Surprise, AZ 85378
      View Details
    • Contact for pricing

      Drive-Thru Restaurant Opportunity

      Restaurant space with drive-thru on Bell Road.
      12775 West Bell Road, Surprise, AZ 85378
      View Details
    • Contact for pricing

      Retail Space on Grand Avenue

      Retail space available on a high-traffic avenue.
      18795 N Reems Rd, Surprise, AZ 85374
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility and strong demographics.
    Where is this retail space located?
    The property is located at 13580 N Litchfield Rd Surprise, AZ.
    What are key features of this property?
    This property features: High Traffic Location: Boasting over 40,138 Vehicles Per Day (VPD).; Strong Daytime Population: Benefit from over 197,000 employees within a 5‑mile radius.; High Household Incomes: Approximately $113,000 within a 1‑mile radius.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tate Blalock
    Tate Blalock
    Real Estate License ID: SA691915000
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!