313 E Monroe Avenue, Buckeye, AZ 85326

Building Details

Building Size 8,292 SF More

Year Built 1959 More

Buildings 1 More

Listing Agency: R.O.I. Properties

Listed By: Beth Jo Zeitzer · License #BR044331000 Show Phone

Source: Azhomeseekers

Added: Jul 16 Changed: Nov 4 Last Checked: Nov 6 at 4:46AM

Report an Issue

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 R.O.I. Properties

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

At 313 E Monroe Avenue, this retail building offers 8,292 square feet on three adjoining parcels. The property was built in 1959, and the parcels together cover 0.27 acres, or 11,851 square feet.

The property is in downtown Buckeye, Arizona, along the Monroe Avenue corridor. S 3rd Street and S 4th Street are a few blocks away, with retail, service, and municipal uses within walking distance. Municipal services and infrastructure serve the site.

Key Highlights

• 8,292‑square‑foot retail building
• Three contiguous parcels totaling 0.27 acres, or 11,851 SF
• Built in 1959

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$104,549

Cap Rate

8.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,090,980 $2.1M

Cap Rate 7%

$1,493,557 $1.5M

Cap Rate 9%

$1,161,656 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,292 SF

Gross rent

$157.2K $18.96/SF

− Vacancy

−$7.9K −$0.95/SF

EGI

$149.4K $18.01/SF

− OpEx

−$44.8K −$5.40/SF

NOI

$104.5K $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 Rate 5%

$2,090,980

Cap Rate 7%

$1,493,557

Cap Rate 9%

$1,161,656

Alternative Uses

Best Use

Retail

$1.49M

$1.31M – $1.74M (±1% cap)

NOI $104,549 @ 7.0% cap · market cap 8.04%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.56M

$2.24M – $2.99M (±1% cap)

NOI $179,546 @ 7.0% cap · market cap 13.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Liquidation Center by ... Clothing Store Perrona Megastore # 3 Clothing & Fashion Store

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Parking Lot & Garage Electrical Service Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

482

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 85326, AZ

72,959

Population

22,417

Households

3.3

Avg Household Size

33

Median Age

17%

College-Educated

86%

High-School Grad

483.0 sq mi

ZIP Area

151

Density / Sq Mi

$91,444

Median Household Income

$45,241

Median Earnings

$1,635

Median Rent

$342,400

Median Home Value

Market

Average Price Trend$/SF for Storefront properties in Maricopa County, AZ

$320 Jul

$277 Aug

$277 Sep

$335 Oct

Properties on Market for Storefront properties in Maricopa County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Similar For Sale Nearby

See more

Retail Buildings Available Soon

25055 West Southern Avenue, Buckeye, AZ 85326

Contact for pricing

6,400 SF

View details

Multi-Tenant Mixed-Use Building

220 N 4 Th St, Buckeye, AZ 85326

$750,000

1,820 SF

View details

Corner-Lot Office Building

603 W BASELINE Road, Buckeye, AZ 85326

$750,000

1,764 SF

View details

Community Commercial Specialty Property

202 1st Ave W, Buckeye, AZ 85326

$425,900

1,230 SF

View details

Two Adjacent Specialty Lots

2XX S Miller Road, -, Buckeye, AZ 85326

$2,517,500

View details

Two-Unit Duplex with Private Laundry

509 E CENTRE Avenue, Buckeye, AZ 85326

$469,900

View details

Specialty Land Parcel

E-0 S 185th Ave, Buckeye, AZ 85326

$50,000

1.00 Acre

View details

Specialty Use Land Parcel

11909 W Ocotillo Road, -, Buckeye, AZ 85326

$44,947

View details

Absolute NNN Ground Lease

19539 West Indian School Road, Buckeye, AZ 85396

Contact for pricing

View details

Retail Intersection Commercial Space

NEC Watson & Yuma, Buckeye, AZ 85326

Contact for pricing

View details

Frequently Asked Questions

What type of property is this?

Storefront property - The site sits among nearby retail, service, and municipal uses in Buckeye’s traditional downtown district.

Where is this storefront property located?

The property is located at 313 E Monroe Avenue Buckeye, AZ.

What is the asking price?

The asking price for this property is $1,300,000.

What are key features of this property?

This property features: 8,292‑square‑foot retail building; Three contiguous parcels totaling 0.27 acres, or 11,851 SF; Built in 1959