Downtown Retail
For Sale
$1,300,000
313 E Monroe Avenue, Buckeye, AZ 85326
Retail building on three contiguous parcels with CC zoning, originally built in 1959 in downtown Buckeye, Arizona.
Property Size8,292 SF
Lot Size0.27 Acres
Price / SF$156.78
Days on Market39
Property Features for 313 E Monroe Avenue
General Information
Standard status
Active
Size
8,292 SF
Lot size
0.27 Acres
Property subtype
Commercial
Zoning
C-C
Taxes and HOA fees
Annual Taxes
$5,507
Building Details
Building Size
8,292 SF
Year Built
1959
Buildings
1
Listing Agency:
R.O.I. Properties
(602) 319-1326
Listed By:
Beth Jo Zeitzer · License #BR044331000
(602) 319-1326
Source:
Sunhaven-realestate
Added: Jul 16
Changed: Aug 23
Last Checked: Aug 22 at 12:43PM
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
Investment Insights
Based on property information with market context.
313 E Monroe Ave is an 8,292-square-foot retail building originally built in 1959, located on three contiguous parcels (APNs 400-27-002, 400-27-010, and 400-27-015) totaling 0.27 acres. The property is zoned CC (Community Commercial), supporting retail, service, and small-format commercial uses consistent with the surrounding tenant mix.
Positioned in Buckeye’s traditional downtown commercial district along the Monroe Avenue corridor, the building is just blocks from S 3rd Street and S 4th Street, placing it within walking distance of nearby retail, service, and municipal uses. The site also benefits from access to municipal services and infrastructure.
This is a straightforward downtown storefront opportunity with a CC zoning designation designed to accommodate a range of neighborhood-oriented commercial uses.
Positioned in Buckeye’s traditional downtown commercial district along the Monroe Avenue corridor, the building is just blocks from S 3rd Street and S 4th Street, placing it within walking distance of nearby retail, service, and municipal uses. The site also benefits from access to municipal services and infrastructure.
This is a straightforward downtown storefront opportunity with a CC zoning designation designed to accommodate a range of neighborhood-oriented commercial uses.
Key Highlights
- 8,292 SF retail building on three contiguous parcels (APNs 400‑27‑002, 400‑27‑010, 400‑27‑015) totaling 0.27 acres
- Zoned CC (Community Commercial), supporting retail, service, and small‑format commercial uses
- Originally built in 1959
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
$104,549
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
8.04%
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%
$2,090,980
$2.1M
Cap Rate 7%
$1,493,557
$1.5M
Cap Rate 9%
$1,161,656
$1.2M
Market Conditions
NOI Build-Up for 8,292 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
$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 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%
$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
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
NOI $179,546 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
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
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building on three contiguous parcels with CC zoning, originally built in 1959 in downtown Buckeye, Arizona.
Where is this retail space 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 SF retail building on three contiguous parcels (APNs 400‑27‑002, 400‑27‑010, 400‑27‑015) totaling 0.27 acres; Zoned CC (Community Commercial), supporting retail, service, and small‑format commercial uses; Originally built in 1959
