Fully Leased Retail-Office Shopping
For Sale
Contact for pricing
2293 Pebble Creek Parkway, Goodyear, AZ 85395
25,550 SF shopping center anchored by five long-term tenants with convenient access to I-10 and major arterials.
Property Size25,550 SF
Price / SF$343.51
Days on Market51
Property Features for 2293 Pebble Creek Parkway
General Information
Standard status
Active
Size
25,550 SF
Class
A
Total Parking Spaces
101
Property subtype
Retail, Office
Zoning
C-2
Occupancy
100%
Lease Type
NNN
Net Operating Income
$570,485
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2008
Buildings
2
Units
6
Tenancy
Multi
Listing Agency:
Cobe Real Estate
(480) 251-1505
Listed By:
Steve Beck · License #714756000
Source:
Crexi
Added: Jun 22
Changed: Aug 7
Last Checked: Aug 10 at 5:05AM
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 Cobe Real Estate
Investment Insights
Based on property information with market context.
Pebble Creek Plaza is a 25,550-square-foot retail-office center presented for sale, currently fully leased. The property is anchored by five long-term tenants, forming the core of the center’s tenant mix and occupancy.
Located on Pebble Creek Parkway in Goodyear, Arizona, the center is positioned for easy regional connectivity. Access is highlighted to Interstate 10 and Loop 303, along with major arterial roadways including McDowell Road, Litchfield Road, and Pebble Creek Parkway, supporting travel throughout the West Valley and the greater Phoenix metro area.
For tenants and operators looking for an established retail-office environment, Pebble Creek Plaza offers a multi-tenant configuration anchored by long-term occupants. The asset’s fully leased status and anchor structure can be appealing for buyers seeking a stabilized retail-office property with ongoing tenant continuity, while the location’s roadway access supports day-to-day customer and employee access for the center’s users.
Located on Pebble Creek Parkway in Goodyear, Arizona, the center is positioned for easy regional connectivity. Access is highlighted to Interstate 10 and Loop 303, along with major arterial roadways including McDowell Road, Litchfield Road, and Pebble Creek Parkway, supporting travel throughout the West Valley and the greater Phoenix metro area.
For tenants and operators looking for an established retail-office environment, Pebble Creek Plaza offers a multi-tenant configuration anchored by long-term occupants. The asset’s fully leased status and anchor structure can be appealing for buyers seeking a stabilized retail-office property with ongoing tenant continuity, while the location’s roadway access supports day-to-day customer and employee access for the center’s users.
Key Highlights
- Pebble Creek Plaza: 25,550 SF fully leased retail‑office center at 2333 N Pebble Creek Parkway, Goodyear, AZ
- Anchored by five long‑term tenants, providing stable occupancy within the center
- Convenient access to I‑10 and Loop 303 for connectivity throughout the West Valley and greater Phoenix metro area
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
$371,829
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
4.24%
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%
$7,436,580
$7.4M
Cap Rate 7%
$5,311,843
$5.3M
Cap Rate 9%
$4,131,433
$4.1M
Market Conditions
NOI Build-Up for 25,550 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
$643.9K $25.20/SF
− Vacancy
−$148.1K −$5.80/SF
EGI
$495.8K $19.40/SF
− OpEx
−$123.9K −$4.85/SF
NOI
$371.8K $14.55/SF
Area
Goodyear, AZ
Vacancy
23.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
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%
$7,436,580
Cap Rate 7%
$5,311,843
Cap Rate 9%
$4,131,433
Alternative Uses
Best Use
Office B
$5.31M
$4.65M – $6.20M
NOI $371,829 @ 7.0% cap · market cap 4.24%
Second Best
Retail
$4.57M
$4.00M – $5.33M
NOI $319,769 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$7.54M
$6.60M – $8.80M
NOI $527,744 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85395, AZ
37,157
Population
15,710
Households
2.4
Avg Household Size
45
Median Age
40%
College-Educated
91%
High-School Grad
18.6 sq mi
ZIP Area
1,998
Density / Sq Mi
$107,980
Median Household Income
$52,185
Median Earnings
$1,912
Median Rent
$524,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- CobbleStone Creek — Pebble Creek Pkwy, Goodyear, AZ 85395
- Pebblecreek Marketplace — 15535 W McDowell Rd, Goodyear, AZ 85395
Frequently Asked Questions
What type of property is this?
Shopping center - 25,550 SF shopping center anchored by five long-term tenants with convenient access to I-10 and major arterials.
Where is this shopping center located?
The property is located at 2293 Pebble Creek Parkway Goodyear, AZ.
What is the asking price?
The asking price for this property is $8,776,692.
What are key features of this property?
This property features: Pebble Creek Plaza: 25,550 SF fully leased retail‑office center at 2333 N Pebble Creek Parkway, Goodyear, AZ; Anchored by five long‑term tenants, providing stable occupancy within the center; Convenient access to I‑10 and Loop 303 for connectivity throughout the West Valley and greater Phoenix metro area
