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    Prime Corner Pads in Surprise Title is generated by Realmo AI

    NEC 163rd Ave & Pinnacle Peak Rd, Surprise, AZ 85387

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    Hard corner pads available for ground lease in Surprise, AZ.

    Type:Retail
    Property size:
    91,476 SF
    Added:
    Nov 25, 2025
    Days on Market:
    180
    Last Refresh:
    Apr 6 at 1:20 am

    Property Features for NEC 163rd Ave & Pinnacle Peak Rd

    General Information

    Standard status
    Active
    Size
    91,476 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2026

    Properties For Sale

    at NEC 163rd Ave & Pinnacle Peak Rd Contact us

    We can help!

    Listing Contact
    Bryan Babits
    Bryan Babits

    Listing agent Bryan Babits License #SA630590000

    Listing office Western Retail Advisors, LLC

    Listing date Nov 25, 2025

    Source W-retail

    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 Western Retail Advisors, LLC

    HighLights

    • Prime hard corner location at the intersection of 163rd Ave & Pinnacle Peak Rd.
    • Located within the Asante master‑planned community in the rapidly growing Northwest Valley of metro Phoenix.
    • High visibility and easy access for customers and clients.
    • Close proximity to major transportation routes (US 60 & Loop 303).
    • Versatile PAD zoning suitable for diverse business needs.
    • Proximity to popular shopping, dining, recreational facilities, Surprise Stadium, and Surprise Aquatic Center.

    Overview

    Located at the intersection of 163rd Ave & Pinnacle Peak Rd in Surprise, AZ, this property offers a prime leasing opportunity within the Asante master-planned community. The location provides high visibility and easy access, making it suitable for diverse business needs. The property is situated in the heart of Surprise, AZ, with access to shopping centers, dining destinations, and recreational facilities. Nearby attractions include the Surprise Stadium and Surprise Aquatic Center. Its proximity to major transportation routes, including the US 60 & Loop 303, facilitates convenient access for both locals and visitors. Available are Lot 2, approximately 1.10 acres, and Lot 3, approximately 1.00 acre. The zoning is PAD. This location presents an exceptional opportunity for businesses looking to establish or expand their presence in a dynamic commercial hub.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • West Point Towne Center — w greenway rd, surprise, az 85374
    • Shops at Crossroads Towne Center Surprise — 12875 W Bell Rd, Surprise, AZ 85378
    • Coin Cloud Bitcoin ATM — 12865 W Grand Ave, Surprise, AZ 85374
    • Grand Bell Center Plaza — 16551 N Dysart Rd, Surprise, AZ 85378
    • Crossroads Towne Center — 12751-12875 W Bell Rd, Surprise, AZ 85378

    Map

    City
    Surprise
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.335
    Latitude
    33.6296

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    FAQs

    What type of property is this?
    Shopping center - Hard corner pads available for ground lease in Surprise, AZ.
    Where is this shopping center located?
    The property is located at NEC 163rd Ave & Pinnacle Peak Rd Surprise, AZ.
    What are key features of this property?
    This property features: Prime hard corner location at the intersection of 163rd Ave & Pinnacle Peak Rd.; Located within the Asante master‑planned community in the rapidly growing Northwest Valley of metro Phoenix.; High visibility and easy access for customers and clients.
    (602) 931-4491
    We can help!
    Listing Contact
    Bryan Babits
    Bryan Babits
    Real Estate License ID: SA630590000
    Learn More
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    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
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