Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    1060 Old West Hwy Apache Junction, AZ 85119

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1060 Old West Hwy

    Property type
    Land

    Description

    This exceptional 1-acre commercial land parcel, located at 1060 E Old West Hwy, Apache Junction, AZ 85119, presents a compelling development opportunity. Priced at $431,244, this property boasts a prime location in a B-1 zoned area, offering excellent visibility and accessibility. Situated on Old West Highway, it benefits from high daily traffic counts exceeding 14,000 vehicles, ensuring significant exposure for any future development. The lot size is 43,124 square feet (APN: 102-02-011), and essential utilities including water, sewer, power, and gas are readily available. Its proximity to the Residences at Apache Trail enhances its value and convenience. Furthermore, this property's location within an Opportunity Zone provides attractive tax advantages for investors. This strategic investment presents a unique chance to capitalize on a high-traffic location in a growing area of Apache Junction, Pinal County. The property's advantageous zoning and infrastructure make it ideal for a variety of commercial ventures. Don't miss this chance to acquire a highly visible and well-situated commercial property in a thriving Arizona community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Apache Junction
    County
    Pinal
    State
    Arizona
    Longitude
    -111.533
    Latitude
    33.4064

    Comparable in this City

    • Value Estimation by Request
      5.00 Acres

      Swc Of Scenic St & Royal Palm Dr

      Land • 5.00 Acres
      0 Swc Of Scenic St & Royal Palm Dr, Apache Junction, AZ 85119
      View Details
    • Value Estimation by Request
      11.01 Acres

      1528 Old West Hwy

      Land • 11.01 Acres
      1528 Old West Hwy, Apache Junction, AZ 85119
      View Details
    • Value Estimation by Request
      1.00 Acre

      880 Royal Palm Rd

      Land • 1.00 Acre
      880 Royal Palm Rd, Apache Junction, AZ 85119
      View Details
    • Value Estimation by Request
      2.14 Acres

      Apache Trl

      Land • 2.14 Acres
      0 Apache Trl, Apache Junction, AZ 85119
      View Details
    • Value Estimation by Request

      Swc Signal Butte & Apache Trl

      Land
      0 Swc Signal Butte & Apache Trl, Tortilla Flat, AZ 85119
      View Details
    • Value Estimation by Request
      1.25 Acres

      1687 2Nd Ave

      Land • 1.25 Acres
      1687 2Nd Ave, Apache Junction, AZ 85119
      View Details

    Similar Nearby for Sale

    • $299,000
      1.00 Acre

      Royal Palm Road Commercial Lot

      Prime 1-acre commercial land in Apache Junction, AZ.
      880 Royal Palm Rd, Apache Junction, AZ 85119
      View Details
    • Contact for pricing
      2.14 Acres

      Apache Junction Commercial Land

      Prime Pad Site, High Visibility, 2.14 Acres
      0 Apache Trl, Apache Junction, AZ 85119
      View Details
    • $1,495,000
      10.20 Acres

      Apache Junction Commercial Land

      10.2 Acres, Prime Location, $1.495M
      2140 Old West Hwy, Apache Junction, AZ 85119
      View Details
    • $215,000
      1.25 Acres

      Apache Junction Commercial Land

      1.25-Acre Commercial Lot, AZ
      1687 2Nd Ave, Apache Junction, AZ 85119
      View Details
    • New
      $220,000
      Pending

      Private Hillside Lot with Utilities

      1.25 acre lot with utilities, bordering state land.
      E Sagebrush St, Apache Junction, AZ 85119
      View Details
    • $545,000

      Land For Sale

      Land available for sale in Apache Junction, Arizona.
      1483 S Tomahawk Rd, Apache Junction, AZ 85119
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo

      Industrial Land For Lease

      0.45 acre industrial land available for lease.
      3950 S De Niza Rd, Apache Junction, AZ 85119
      View Details
    • $1.35 SF/Yr
      2,500 SF

      Industrial Space in Baseline Park

      Multi-tenant industrial buildings with air-conditioned warehouse space for lease.
      565 E 34Th Ave, Apache Junction, AZ 85119
      View Details
    • Contact for pricing
      43,035 SF

      Apache Junction Retail Spaces Available

      Five retail spaces, 900-39,000 sq ft
      60 & Superstition Mtn Dr, Apache Junction, AZ 85119
      View Details
    • $19 SF/Yr
      4,819 SF

      Premier Apache Junction Retail Space

      High-traffic retail space, 4,819 sq ft.
      400 Idaho Rd, Apache Junction, AZ 85119
      View Details
    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.
    1060 Old West Hwy
    Apache Junction, AZ 85119
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.