Restaurant
14051 W Grand Ave, Surprise, AZ 85374
For Sale
New
$1,800,000
The property is located on West Grand Avenue in Surprise, Arizona.
Property Size5,472 SF
Days on Market7
Property Features for 14051 W Grand Ave
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Matthews Real Estate Investment Services | Phoenix
Listed By:
Hudson DeJean · License AZ SA704485000
(602) 218-5242
Source:
Matthews
Added: Nov 8
Changed: Nov 10
Last Checked: Nov 12 at 4:11AM
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 Matthews Real Estate Investment Services | Phoenix
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant property is located at 14051 West Grand Avenue in Surprise, Arizona 85374.
Key Highlights
- 14051 West Grand Avenue, Surprise, AZ 85374
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,276
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,685,520
$1.7M
Cap Rate 7%
$1,203,943
$1.2M
Cap Rate 9%
$936,400
$936.4K
Market Conditions
NOI Build-Up for 5,472 SF
Gross rent
$121.5K $22.20/SF
− Vacancy
−$9.1K −$1.67/SF
EGI
$112.4K $20.54/SF
− OpEx
−$28.1K −$5.13/SF
NOI
$84.3K $15.40/SF
Area
Surprise, AZ
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,685,520
Cap Rate 7%
$1,203,943
Cap Rate 9%
$936,400
Alternative Uses
Best Use
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,276 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,124 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,194
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Hilton Garden Inn
Hotels & Casinos
3,412 visits/mo
0.3 miles
Holiday Inn Express & Suites Surprise
Hotels & Casinos
2,721 visits/mo
0.3 miles
Residence Inn Phoenix NW/Surprise
Hotels & Casinos
2,345 visits/mo
0.3 miles
Demographics for 85374, AZ
41,182
Population
21,982
Households
1.9
Avg Household Size
61
Median Age
30%
College-Educated
95%
High-School Grad
12.8 sq mi
ZIP Area
3,217
Density / Sq Mi
$78,690
Median Household Income
$45,427
Median Earnings
$1,897
Median Rent
$355,800
Median Home Value
Market
Average Price Trend$/SF for Conventional restaurants in Maricopa County, AZ
Properties on Market for Conventional restaurants in Maricopa County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The property is located on West Grand Avenue in Surprise, Arizona.
Where is this conventional restaurant located?
The property is located at 14051 W Grand Ave Surprise, AZ.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 14051 West Grand Avenue, Surprise, AZ 85374
