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    Nec Ray Rd & Rnch Cir Phoenix, AZ 85044

    For Lease
    Contact for pricing

    Prime Phoenix retail space, multiple suites available.

    Lot size:
    35,697 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Mountain Park Pavilions, located at the northeast corner of Ray Road and Ranch Circle North in Phoenix, Arizona (zip code 85044), presents a compelling retail investment opportunity. This established shopping center encompasses a total of 35,697 square feet and features eight individual suites, offering flexible space options for prospective tenants. Currently, there is 22,412 square feet of vacant space available, providing significant potential for immediate occupancy and income generation. The minimum leasable space is 900 square feet, while the maximum contiguous space available is 8,600 square feet, catering to a diverse range of business needs and sizes. The property's strategic location in Maricopa County ensures high visibility and accessibility for customers. This is an exceptional chance to acquire a well-situated retail center in a thriving Phoenix market, with the potential for substantial returns on investment. The property is classified as a multi-tenant shopping center. Interested parties are encouraged to explore this opportunity further.

    Property Features for 0 Nec Ray Rd & Rnch Cir

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    35,697 SF

    Unit(s) available at that property

    Space
    Available - former school
    Size
    8,600 SF
    Space
    Available Space
    Size
    1,800 SF
    Space
    Available - former insurance office
    Size
    1,200 SF
    Space
    Available - former yoga studio
    Size
    1,960 SF
    Space
    Available Space
    Size
    1,960 SF
    Space
    Available - former day spa
    Size
    3,367 SF
    Space
    Available Space
    Size
    900 SF
    Space
    Available - former dance studio
    Size
    2,625 SF

    HighLights

    • Join Fry's Food Stores, ATP Fitness, and The Melting Pot.
    • Less than 2 miles from the I‑10 Fwy & Ray Rd interchange.
    • Located in one of Metro Phoenix's strongest submarkets.
    • Excellent demographics and traffic counts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9921734
    Latitude
    33.3199982

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Phoenix retail space, multiple suites 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.; Less than 2 miles from the I-10 Fwy & Ray Rd interchange.; Located in one of Metro Phoenix's strongest submarkets.
    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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