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    The Largest CRE Database in the US with Over 1 Million Listings

    916 Combs Rd Queen Creek, AZ 85140

    Sponsored
    For Lease
    Contact for pricing

    High-growth retail pads, excellent location.

    Lot size:
    122,394 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    422
    This exceptional opportunity presents 6.94 net acres of prime retail land in the thriving Queen Creek submarket. Ideally situated at the high-traffic intersection of Gantzel and Combs Roads, this property offers multiple retail pad sites available for ground lease. The location boasts impressive daily traffic counts exceeding 40,000 vehicles, ensuring significant visibility and accessibility for your business. This dynamic area is experiencing robust growth, supported by strong demographics and a vibrant retail landscape. Nearby national retailers include Fry's Marketplace, Sprouts, and Target, among many others, creating a synergistic environment for new businesses. The property's APN is 104-53-010F. This is a rare chance to establish a presence in a rapidly expanding market with exceptional visibility and access to a substantial consumer base. Contact us today to discuss pricing and availability for these highly sought-after retail pads. The property is zoned for retail use and offers significant potential for a variety of businesses. Don't miss this opportunity to capitalize on the growth and potential of Queen Creek.

    Property Features for 916 Combs Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    122,394 SF

    Spaces For Lease

    at 916 Combs Rd, Queen Creek, AZ 85140 Contact us

    We can help!

    Listing Contact
    Rommie Mojahed
    Rommie Mojahed

    Learn more

    HighLights

    • Retail pads available in Queen Creek, AZ.
    • 6.94 net acres available for ground lease.
    • High‑growth area with strong demographics and traffic counts exceeding 40,000 cars per day.
    • Located at the high‑traffic intersection of Gantzel and Combs Roads, near major retailers such as Fry's Marketplace, Sprouts, and Target.
    • Pricing available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Gym & Fitness Center Skin Care Clinic Department Store Building Supply Big Box & Wholesale Store Cafe & Coffee Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Queen Creek
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.5674286
    Latitude
    33.2199403

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    FAQs

    What type of property is this?
    Retail property - High-growth retail pads, excellent location.
    Where is this retail property located?
    The property is located at 916 Combs Rd Queen Creek, AZ.
    What are key features of this property?
    This property features: Retail pads available in Queen Creek, AZ.; 6.94 net acres available for ground lease.; High-growth area with strong demographics and traffic counts exceeding 40,000 cars per day.
    (602) 702-4663
    Request Owner's contact information
    916 Combs Rd Queen Creek, AZ 85140
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    Queen Creek, AZ 85140
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    916 Combs Rd Queen Creek, AZ 85140
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    We can help!
    Listing Contact
    Rommie Mojahed
    Rommie Mojahed
    Real Estate License ID: SA548861000
    (602) 702-4663
    Learn more
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