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    Nec Ray Rd & Rnch Cir Phoenix, AZ 85044

    Sponsored
    For Lease
    Contact for pricing

    Former school, 26,012 sq ft, 8,600 sq ft available

    Lot size:
    26,012 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Phoenix retail opportunity presents a unique investment prospect. The Mountain Park Pavilions, a former school building repurposed as a shopping center, offers a substantial 26,012 square feet of total building space. Currently, there is a significant 8,600 square feet of vacant space available, ideal for a variety of retail uses. Located at the northeast corner of Ray Road and Ranch Circle North in the 85044 zip code of Maricopa County, Arizona, this property benefits from high visibility and convenient access. The multiple tenancy structure allows for flexibility and diverse tenant options. The building's history as a school provides unique architectural features and ample space for creative retail layouts. This is a prime chance to acquire a large, well-located retail property with significant upside potential. The property's size and layout offer opportunities for expansion or subdivision, catering to a range of business needs. The substantial vacant space presents a blank canvas for a new tenant to establish a strong presence in a thriving Phoenix neighborhood. This is a rare opportunity to acquire a substantial retail space in a desirable location. Serious inquiries are encouraged.

    Property Features for 0 Nec Ray Rd & Rnch Cir

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    26,012 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    8,600 SF

    HighLights

    • Join Fry's Food Stores, ATP Fitness, and The Melting Pot.
    • Located in one of Metro Phoenix's strongest submarkets.
    • Less than two miles from the I‑10 Fwy & Ray Rd interchange.
    • Ideal area demographics and traffic counts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.0068595
    Latitude
    33.3154239

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    FAQs

    What type of property is this?
    Lifestyle center - Former school, 26,012 sq ft, 8,600 sq ft available
    Where is this lifestyle center located?
    The property is located at Nec Ray Rd & Rnch Cir Phoenix, AZ.
    What are key features of this property?
    This property features: Join Fry's Food Stores, ATP Fitness, and The Melting Pot.; Located in one of Metro Phoenix's strongest submarkets.; Less than two miles from the I-10 Fwy & Ray Rd interchange.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    Nec Ray Rd & Rnch Cir Phoenix, AZ 85044
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