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    12290 Indian School Rd Avondale, AZ 85392

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    12290 Indian School Rd Avondale, AZ 85392

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    • Land
    • 2.40 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 12290 Indian School Rd

    Lot size
    2.40 lot acres
    Property type
    Land

    Description

    This exceptional 2.4-acre commercial land parcel presents a unique build-to-suit opportunity in Avondale, Arizona. Located at the hard corner of West Indian School Road and El Mirage Road, this C-2 zoned property offers unparalleled visibility and accessibility. The lot's size provides ample space for the development of multiple retail pads, including drive-thru capabilities. Its strategic location within Avondale, a rapidly growing city with strong residential and commercial growth, ensures high traffic volume and significant potential for return on investment. Avondale's convenient access to Interstate 10 further enhances its appeal, providing easy connectivity to the broader Phoenix metropolitan area. The property's APN is 501-63-024N. This is an underserved area ripe for development, making it an attractive investment for businesses seeking to establish a presence in a thriving market. The build-to-suit nature of this opportunity allows for maximum flexibility in design and construction, catering to specific business needs. This prime location and the potential for significant development make this a truly exceptional investment prospect.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Avondale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.323
    Latitude
    33.4932

    Comparable in this City

    • Value Estimation by Request
      30,000.00 Acres

      Nwc El Mirage & Indian School Rd

      Land • 30,000 SF
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      Mcdowell Rd

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      330,621 SF

      99th Ave & Indian School Rd

      Land • 330,621 SF
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      99th Ave & Mcdowell Rd

      Land
      99th Ave & Mcdowell Rd, Avondale, AZ 85392
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      24.49 Acres

      99th Ave & Indian School Rd

      Land • 24.49 Acres
      99th Ave & Indian School Rd, Phoenix, AZ 85392
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    • Value Estimation by Request
      1.66 Acres

      13034 Rancho Santa Fe Blvd

      COMMERCIAL CONDOMINUIM • 1.66 Acres
      13034 Rancho Santa Fe Blvd, Avondale, AZ 85392-1701
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    Similar Nearby for Sale

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      Avondale Land Parcel For Sale

      Land parcel at SEC 99th Ave & Indian School Rd, Avondale.
      99th Ave & Indian School Rd, Avondale, AZ 85392
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      Phoenix Land For Sale

      Land available for sale in Phoenix, Arizona.
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      Avondale Land Parcel For Sale

      7 Acres of commercial land available in Avondale, Arizona.
      12290 West Indian School Rd, Avondale, AZ 85392
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      Dysart Commons Shopping Center Land

      Land near Estrella Mountain Community College and Interstate 10.
      3031 N Dysart Rd, Avondale, AZ 85392
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    • $220,000
      0.29 Acres

      Residential Lot in Avondale, AZ

      Vacant 0.289-acre residential lot suitable for custom home.
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      Avondale Land For Sale

      Land available in Avondale with strong demographics and access.
      Sec Indian School & Dysart, Avondale, AZ 85392
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    Similar Nearby for Lease

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      Phoenix Land for Lease

      Land available for lease at 99th Ave & Indian School.
      99th Ave & Indian School Rd, Phoenix, AZ 85392
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      Retail Space Near Major Retailers

      Retail space available near Walmart and LA Fitness.
      13025 W Rancho Santa Fe Blvd, Avondale, AZ 85392
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      Retail Space in Avondale Plaza

      Retail spaces for lease in a busy Avondale shopping center.
      13048 W Rancho Santa Fe Blvd, Avondale, AZ 85392
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      23,949 SF

      Retail Space in Regional Center

      Retail space available in Avondale's high-traffic commercial corridor.
      10250 W Mcdowell Rd, Avondale, AZ 85392
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      2,600 SF

      Retail Space at Highway Connection

      Retail space available at the intersection of two major highways.
      9925 W Mcdowell Rd, Avondale, AZ 85392
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      Regional Shopping Center Retail Space

      Retail space in a high-traffic regional shopping center.
      10020 W Mcdowell Rd, Avondale, AZ 85392
      View Details
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    12290 Indian School Rd
    Avondale, AZ 85392
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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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