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    Regional Shopping Center For Sale Title is generated by Realmo AI

    9897 W McDowell Rd, Tolleson, AZ 85353

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    For Sale
    $36,950,000

    98,343 SF shopping center at a dominant intersection.

    Type:Retail
    Property size:
    98,343 SF
    Price / SF:
    $375/SF
    Added:
    Apr 1, 2026
    Days on Market:
    67
    Last Refresh:
    Apr 1 at 11:50 am

    Property Features for 9897 W McDowell Rd

    General Information

    Standard status
    Active
    Size
    98,343 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Danny Gardiner
    Danny Gardiner

    Listing agent Danny Gardiner License #SA536326000

    Listing office Phoenix Commercial Advisors

    Listing date Apr 1, 2026

    Source Phoenixcommercialadvisors

    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 Phoenix Commercial Advisors

    HighLights

    • Dominant regional shopping center at a high‑traffic intersection (I‑10 & Loop 101) with nearly 427,000 vehicles per day.
    • Strong co‑tenancy with major retailers including Costco, Best Buy, Ross, Harkins Theatres, Hobby Lobby, Main Event, and Sprouts Farmers Market.
    • High occupancy rate of 99% with strong historic occupancy and lease extensions.
    • Attractive 6.54% capitalization rate.
    • Located in a rapidly growing area of metro Phoenix with significant new home construction (±7,564 new homes platted).
    • Anchored by NAPA Auto Parts, a nationally recognized brand.

    Overview

    This 98,343 square-foot regional shopping center is located at the southeast corner of 99th Avenue and McDowell Road in Tolleson, Arizona, at the connection of the I-10 and Loop 101 highways. The property is 99% occupied and anchored by NAPA Auto Parts. The location benefits from high traffic counts, with nearly 427,000 vehicles per day. Strong daytime employment exists in the immediate area, with over 107,000 workers within a 5-mile radius. The West Valley is one of the fastest-growing housing areas of metro Phoenix, with approximately 7,564 new homes platted, planned, and under construction in the immediate trade area. The property is situated in Maricopa County, one of the fastest-growing counties in the United States. It serves the residents of Avondale, Phoenix, Glendale, Litchfield, and Tolleson. The center features two 90-foot high pylon signs facing the I-10 and Loop 101. The property has a capitalization rate of 6.54%. There is limited shop vacancy at the intersection, with approximately 5,850 square feet of vacant shop space out of over 1.2 million square feet of total retail space. The property has a historical compound annual growth rate of 3.44% from 2020-2026. An attractive breakup strategy through parcellation is available for future investors.
    Location Intelligence

    Current Use by Public Records

    Cartridge World | Ink ... Fax Service Cox Store Telecommunications Service Goldkost Jewelers (Bike/Boat/Book/etc) Store Shrestha Sumi DDS Dental Office Davanzo Hair Skin ... Hair Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Park 10 — 10321 W McDowell Rd, Avondale, AZ 85392
    • Gateway Village — 10273 W McDowell Rd, Avondale, AZ 85392

    Location Insight

    • Map
    • Local Demand
    City
    Tolleson
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.270949
    Latitude
    33.463746

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    FAQs

    What type of property is this?
    Shopping center - 98,343 SF shopping center at a dominant intersection.
    Where is this shopping center located?
    The property is located at 9897 W McDowell Rd Tolleson, AZ.
    What is the asking price?
    The asking price for this property is $36,950,000.
    What are key features of this property?
    This property features: Dominant regional shopping center at a high‑traffic intersection (I‑10 & Loop 101) with nearly 427,000 vehicles per day.; Strong co‑tenancy with major retailers including Costco, Best Buy, Ross, Harkins Theatres, Hobby Lobby, Main Event, and Sprouts Farmers Market.; High occupancy rate of 99% with strong historic occupancy and lease extensions.
    (602) 288-3472
    We can help!
    Listing Contact
    Danny Gardiner
    Danny Gardiner
    Real Estate License ID: SA536326000
    Learn More
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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
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