Restaurant
For Sale
$3,900,000
1408 W APACHE Trail, Apache Junction, AZ 85120
The property includes an existing restaurant space and additional land area.
Property Size10,032 SF
Days on Market8
Property Features for 1408 W APACHE Trail
General Information
Standard status
Active
Size
10,032 SF
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$20,793
Building Details
Building Size
10,032 SF
Year Built
1969
Listing Agency:
Lost Dutchman Realty
Listed By:
Charlie Wise Jr. · License #BR573784000
(480) 818-0014
Source:
Lostdutchmanrealty
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 13 at 12:41AM
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 Lost Dutchman Realty
Investment Insights
Based on property information with market context.
This restaurant property includes an existing restaurant space along with additional property. The building dates to 1969. The existing space provides a restaurant use, while the additional property is identified as available for expansion or other business opportunities.
Key Highlights
- Existing restaurant space on the property
- Building constructed in 1969
- Additional property identified for expansion or other business opportunities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,629
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,532,580
$2.5M
Cap Rate 7%
$1,808,986
$1.8M
Cap Rate 9%
$1,406,989
$1.4M
Market Conditions
NOI Build-Up for 10,032 SF
Gross rent
$180.6K $18.00/SF
− Vacancy
−$11.7K −$1.17/SF
EGI
$168.8K $16.83/SF
− OpEx
−$42.2K −$4.21/SF
NOI
$126.6K $12.62/SF
Area
Pinal County, AZ
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,532,580
Cap Rate 7%
$1,808,986
Cap Rate 9%
$1,406,989
Alternative Uses
Best Use
Specialty Retail
$1.81M
$1.58M – $2.11M
NOI $126,629 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.77M
$2.43M – $3.24M
NOI $194,142 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
71k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 40%
Hotels & Casinos 1%
Dutch Bros. Coffee
Dining
18,274 visits/mo
0.4 miles
Circle K
Shops & Services
14,595 visits/mo
0.1 miles
Chase Bank
Shops & Services
8,891 visits/mo
0.3 miles
SONIC Drive In
Dining
8,510 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
6,203 visits/mo
0.2 miles
Demographics for 85120, AZ
30,605
Population
17,430
Households
1.8
Avg Household Size
54
Median Age
14%
College-Educated
87%
High-School Grad
23.1 sq mi
ZIP Area
1,325
Density / Sq Mi
$53,921
Median Household Income
$35,155
Median Earnings
$958
Median Rent
$162,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - The property includes an existing restaurant space and additional land area.
Where is this conventional restaurant located?
The property is located at 1408 W APACHE Trail Apache Junction, AZ.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Existing restaurant space on the property; Building constructed in 1969; Additional property identified for expansion or other business opportunities
