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    7540-7610 Indian School Rd Phoenix, AZ 85033

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    7540-7610 Indian School Rd Phoenix, AZ 85033

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    • Retail properties & Spaces
    • 5,060 SF
    Off-Market
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    Cap Rate Potential
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    • Retail properties & Spaces

    Property Details for 7540-7610 Indian School Rd

    Property size
    5,060 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Westridge Plaza, located at 7540-7610 West Indian School Road in Phoenix, Arizona (zip code 85033), offers exceptional retail and restaurant space for lease. This Maricopa County property boasts a total of 5,060 square feet, currently entirely vacant and ready for immediate occupancy. The space is divisible, with a minimum leasable area of 2,400 square feet and a maximum contiguous space of 2,660 square feet. Two separate spaces are available, presenting a unique opportunity for businesses seeking prime retail locations in a high-traffic area. The property's ideal location provides excellent visibility and accessibility, making it an attractive option for a variety of commercial ventures. The building's layout is adaptable to suit diverse business needs, offering flexibility for customization and tenant improvements. Interested parties are encouraged to inquire about lease terms and conditions. This is a rare opportunity to secure a substantial retail presence in a thriving Phoenix neighborhood. The property is classified as commercial, with multiple tenancy options. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.222
    Latitude
    33.4955

    Comparable in this City

    • Value Estimation
      $2,320,000
      3,065 SF

      7510 Indian School Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,065 SF
      7510 Indian School Rd, Phoenix, AZ 85033-3001
      View Details
    • Value Estimation
      $2,590,000
      3,416 SF

      7307 Indian School Rd

      RESTAURANT • 3,416 SF
      7307 Indian School Rd, Phoenix, AZ 85033-3137
      View Details
    • Value Estimation
      $3,480,000
      7,910 SF

      7829 Thomas Rd

      RESTAURANT • 7,910 SF
      7829 Thomas Rd, Phoenix, AZ 85033-5442
      View Details
    • Value Estimation
      $3,735,000
      4,884 SF

      8220 Indian School Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,884 SF
      8220 Indian School Rd, Phoenix, AZ 85033-2905
      View Details
    • Value Estimation
      $780,000
      959 SF

      7870 Thomas Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 959 SF
      7870 Thomas Rd, Phoenix, AZ 85033-5481
      View Details
    • Value Estimation
      $6,550,000
      11,042 SF

      7609 Thomas Rd

      RESTAURANT • 11,042 SF
      7609 Thomas Rd, Phoenix, AZ 85033-5433
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,848 SF

      West Phoenix Retail Opportunity

      Retail property near I-10 and Phoenix landmarks for sale.
      6601 W Indian School Rd, Phoenix, AZ 85033
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      142,750 SF

      Phoenix Redevelopment Opportunity

      142,750 SF redevelopment opportunity in Phoenix, zoned RSC.
      7611 W Thomas Rd, Phoenix, AZ 85033
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      82,396 SF

      West Highlands Shopping Center For Sale

      82,515 SF shopping center shadow-anchored by Food City.
      6544 W Thomas Rd, Phoenix, AZ 85033
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    • Contact for pricing

      Phoenix Commercial Pad Site Available

      Prime commercial land for sale in Phoenix, Arizona.
      7550 W Indian School Rd, Phoenix, AZ 85033
      View Details
    • Contact for pricing

      Phoenix Commercial Land For Sale

      2.28 acre commercial land with high traffic frontage.
      77th Ave & Indian School Rd, Phoenix, AZ 85033
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    • $1,259,000

      Phoenix Commercial Land Opportunity

      Prime commercial land for development in Phoenix, Arizona.
      6866 W Indian School Rd, Phoenix, AZ 85033
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    Similar Nearby for Lease

    • Contact for pricing
      7,000 SF

      Retail Space in Anchored Center

      Retail space available in a Fry’s Marketplace anchored center.
      3940 N 83Rd Ave, Phoenix, AZ 85033
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent at 7502 W Thomas Rd.
      7502 W Thomas Rd, Phoenix, AZ 85033
      View Details
    • Contact for pricing
      9,759 SF

      Retail Endcap Space Available

      Retail space available in Phoenix, anchored by El Super.
      7502-7710 W Thomas Rd, Phoenix, AZ 85033
      View Details
    • Contact for pricing
      9,555 SF

      Retail Space with High Visibility

      Retail space available in well-maintained center near I-10.
      4024 N 67Th Ave, Phoenix, AZ 85033
      View Details
    • Contact for pricing
      1,414 SF

      Retail Space Near Desert Sky

      Retail spaces and undeveloped pad available for lease.
      7510 W Thomas Rd, Phoenix, AZ 85033
      View Details
    • Contact for pricing
      1,020 SF

      Retail Space Near Major Intersections

      Retail spaces available near I-10, Loop 101, and Fry's.
      4130 N 83Rd Ave, Phoenix, AZ 85033
      View Details
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    Phoenix, AZ 85033
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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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    7540-7610 Indian School Rd, Phoenix, AZ, 85033

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