Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9825 N 121st Ave El Mirage, AZ

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Industrial land suitable for various heavy industrial uses.

    Type:LAND
    Lot size:
    6.36 Acres
    Added:
    May 23, 2025
    Days on Market:
    339
    Last Refresh:
    Apr 5 at 10:56 pm

    Property Features for 9825 N 121st Ave

    General Information

    Standard status
    Active
    Lot size
    6.36 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Jordan Tennant
    Jordan Tennant

    Listing agent Jordan Tennant License #SA676977000

    Listing office ORION Investment Real Estate

    Listing date May 23, 2025

    Source Moodyscre

    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 ORION Investment Real Estate

    Overview

    El Mirage Industrial Land Available

    This industrial land is suitable for heavy industrial uses including contractor storage yards, automotive repair, RV/Boat storage, equipment leasing, parking lots, industrial outdoor storage, manufacturing, and warehousing. The City of El Mirage is expanding 121st Avenue to connect to Ramirez Road, with construction scheduled for 2026. Water, sewer, and electric utilities are located near the site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fightertown Paintball Park Sports Field & Court

    Suggested Use

    Restaurant Building Supply Dental Office Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Center Auto Parts Store Kitchen & Bath Showroom Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    El Mirage
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.319
    Latitude
    33.5733

    Nearby Similar for Sale

    • $389,900

      El Mirage Multifamily Property

      Multifamily property with versatile floor plan and income potential.
      13210 N B Street, El Mirage, AZ 85335
      View Details
    • $350,000

      El Mirage Multifamily Home

      Multifamily property with separate living spaces, ideal for investment.
      13705 N Pablo Street, El Mirage, AZ 85335
      View Details
    • $424,827
      1,686 SF

      Turnkey Restaurant in El Mirage

      Freestanding, fully equipped restaurant in a high-traffic location.
      11709 W Thunderbird Rd, El Mirage, AZ 85335
      View Details
    • $170,000

      Land in El Mirage, Arizona

      Residential land for sale in El Mirage, Arizona.
      14017 N Palm St --, El Mirage, AZ 85335
      View Details
    • $180,000

      El Mirage Land Opportunity

      Vacant lot suitable for new construction, apartments, or duplex.
      14009 N EL FRIO Street, El Mirage, AZ 85335
      View Details
    • Contact for pricing
      2,303 SF

      El Mirage Convenience Store For Sale

      Convenience store in growing Phoenix suburb, includes real estate/business.
      11817 W Thunderbird Rd, El Mirage, AZ 85335
      View Details
    • $790,000
      2,303 SF

      El Mirage Retail Opportunity

      Retail property for sale in a growing Phoenix trade area.
      11817 W Thunderbird Rd, El Mirage, AZ
      View Details
    • $595,000
      25,600 SF

      El Mirage Commercial Land Available

      Three lots totaling 25,600 SF, MU zoning, seller financing.
      14409 N PRIMROSE Street 5, El Mirage, AZ 85335
      View Details
    • $970,000

      Hard Corner Land Parcel

      Approximately 0.79 AC hard corner intersection land parcel.
      10601 N Dysart Rd, El Mirage, AZ
      View Details
    • $590,000
      4,200 SF

      El Mirage Industrial Property For Sale

      Industrial property in a strategic West Valley location.
      11713 W Thunderbird Rd, El Mirage, AZ 85335
      View Details
    • Contact for pricing
      49,166 SF

      Retail PAD Available For Sale

      Last retail pad available in El Mirage, fully improved.
      13775 N Dysart Rd, El Mirage, AZ 85335
      View Details
    • $1,700,000

      El Mirage Commercial Land Opportunity

      Hard corner lot with high visibility in El Mirage, AZ.
      SEC Cactus Rd & Dysart Rd, El Mirage, AZ
      View Details

    FAQs

    What type of property is this?
    Industrial land - Industrial land suitable for various heavy industrial uses.
    Where is this industrial land located?
    The property is located at 9825 N 121st Ave El Mirage, AZ.
    What is the asking price?
    The asking price for this property is $5,600,000.
    What are key features of this property?
    This property features: Heavy industrial uses allowed: **Ideal for contractor storage, automotive repair, RV/Boat storage, equipment leasing, parking, industrial outdoor storage, manufacturing, and warehousing.**; City of El Mirage expanding 121st Avenue to connect to Ramirez Road, improving accessibility (scheduled for 2026).; Water utility near site.
    (785) 231-9243 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jordan Tennant
    Jordan Tennant
    Real Estate License ID: SA676977000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!