Storefront Building with Boulevard
For Sale
$1,095,000
16901 E PALISADES Boulevard, Fountain Hills, AZ 85268
Commercial storefront building with flexible use potential and frontage along Palisades Boulevard in Fountain Hills.
Property Size5,095 SF
Price / SF$219
Days on Market173
Property Features for 16901 E PALISADES Boulevard
General Information
Standard status
Active
Size
5,095 SF
Property subtype
COMMERCIAL
Site & Location
Frontage
120 ft
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,786
Building Details
Building Size
5,095 SF
Year Built
2000
Buildings
1
Listing Agency:
The Maricopa Real Estate Company
Listed By:
Steve Murray · License #BR564024000
(602) 359-5170
Source:
Jcluxuryresidential
Added: Mar 31
Changed: Sep 10
Last Checked: Sep 18 at 1:33PM
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 The Maricopa Real Estate Company
Investment Insights
Based on property information with market context.
This storefront property contains approximately 5,000 square feet and was constructed in 2000. The building offers a commercial format suitable for a range of potential uses, subject to applicable approvals and requirements.
The property is positioned along Palisades Boulevard in Fountain Hills, with 120 feet of frontage. Its address is 16901 E Palisades Boulevard, Fountain Hills, AZ 85268, providing a clearly identified location for retail or other storefront-oriented operations.
The property is positioned along Palisades Boulevard in Fountain Hills, with 120 feet of frontage. Its address is 16901 E Palisades Boulevard, Fountain Hills, AZ 85268, providing a clearly identified location for retail or other storefront-oriented operations.
Key Highlights
- Approximately 5,000 square feet of building area
- 120 feet of frontage on Palisades Boulevard
- Constructed in 2000
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,042
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,260,840
$1.3M
Cap Rate 7%
$900,600
$900.6K
Cap Rate 9%
$700,467
$700.5K
Market Conditions
NOI Build-Up for 5,000 SF
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.
Gross rent
$94.8K $18.96/SF
− Vacancy
−$4.7K −$0.95/SF
EGI
$90.1K $18.01/SF
− OpEx
−$27.0K −$5.40/SF
NOI
$63.0K $12.61/SF
Area
Maricopa County, AZ
Vacancy
5.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,260,840
Cap Rate 7%
$900,600
Cap Rate 9%
$700,467
Alternative Uses
Best Use
Retail
$900.6K
$788.0K – $1.05M
NOI $63,042 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.35M – $1.80M
NOI $108,264 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,236
Businesses Nearby
50k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 28%
Home Improvements & Furnishings 23%
Shops & Services 20%
Dining 17%
Bashas'
Groceries
14,131 visits/mo
0.4 miles
Paul's Ace Hardware
Home Improvements & Furnishings
10,879 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
8,383 visits/mo
0.2 miles
Chase Bank
Shops & Services
5,879 visits/mo
0.3 miles
Great Clips
Beauty & Spa
2,371 visits/mo
0.4 miles
Demographics for 85268, AZ
24,031
Population
13,429
Households
1.8
Avg Household Size
61
Median Age
50%
College-Educated
97%
High-School Grad
20.5 sq mi
ZIP Area
1,172
Density / Sq Mi
$105,288
Median Household Income
$55,054
Median Earnings
$1,781
Median Rent
$576,700
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
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial storefront building with flexible use potential and frontage along Palisades Boulevard in Fountain Hills.
Where is this storefront property located?
The property is located at 16901 E PALISADES Boulevard Fountain Hills, AZ.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Approximately 5,000 square feet of building area; 120 feet of frontage on Palisades Boulevard; Constructed in 2000
