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    19Th Ave Phoenix, AZ 85023

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    19Th Ave Phoenix, AZ 85023

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    • Retail properties & Spaces
    • 71,050 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 19Th Ave

    Property size
    71,050 SF
    Property type
    Retail properties & Spaces

    Description

    Deer Valley Plaza offers exceptional retail space at the hard corner of Bell Road and 19th Avenue in Phoenix, Arizona. This prime location within Maricopa County boasts a total of 71,050 square feet of retail space, currently featuring two available units. The available spaces are versatile and range in size from a comfortable 685 square feet to a more expansive 2,150 square feet, providing options for businesses of various scales. The property's prominent position at the northeast corner of this busy intersection ensures high visibility and significant foot traffic, making it an ideal location for businesses seeking maximum exposure. The address is easily accessible, offering convenient access for customers and employees alike. This is a multi-tenant property, providing a vibrant and diverse retail environment. The zip code for this exceptional opportunity is 85023. The property is classified as retail, offering a strong foundation for a variety of retail ventures. This is a rare opportunity to secure a highly visible and accessible retail space in a thriving Phoenix location. Contact us today to learn more about leasing options and to schedule a viewing.

    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
    -112.1
    Latitude
    33.6419

    Comparable in this City

    • Value Estimation
      $2,495,000
      21,480 SF

      1903 Thunderbird Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 21,480 SF
      1903 Thunderbird Rd, Phoenix, AZ 85023-6310
      View Details
    • Value Estimation
      $23,495,000
      109,896 SF

      330 Bell Rd

      GROCERY, SUPERMARKET • 109,896 SF
      330 Bell Rd, Phoenix, AZ 85023-3503
      View Details
    • Value Estimation
      $3,395,000
      5,187 SF

      1211 Bell Rd

      AUTO REPAIR, GARAGE • 5,187 SF
      1211 Bell Rd, Phoenix, AZ 85023-3509
      View Details
    • Value Estimation
      $2,900,000
      4,579 SF

      1920 Bell Rd

      RESTAURANT • 4,579 SF
      1920 Bell Rd, Phoenix, AZ 85023-3302
      View Details
    • Value Estimation
      $5,225,000
      24,512 SF

      17037 7th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 24,512 SF
      17037 7th Ave, Phoenix, AZ 85023-6594
      View Details
    • Value Estimation
      $1,070,000
      2,400 SF

      2424 Greenway Rd

      CONVENIENCE STORE • 2,400 SF
      2424 Greenway Rd, Phoenix, AZ 85023-4221
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Phoenix Strip Center For Sale

      Strip center with high visibility and regional access.
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      3,798 SF

      Freestanding Pad Building Opportunity

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      Phoenix Land Parcel For Sale

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      Nightingale on 25th Apartments

      240-unit apartment community in North Phoenix with modern amenities.
      15620 N 25Th Ave, Phoenix, AZ 85023
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    • $499,000
      1.37 Acres

      Phoenix Land with Mountain Views

      Two adjacent lots totaling 1.37 acres in gated community.
      14802 And 7 Dr, Phoenix, AZ 85023
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    • Contact for pricing

      27 Acres Development Opportunity

      27 acres in Moon Valley, Phoenix, development opportunity.
      19th Ave & Thunderbird Rd, Phoenix, AZ 85023
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    Similar Nearby for Lease

    • $3,500 /Mo
      4,225 SF

      Restaurant Space Available For Rent

      Second generation restaurant space available in a hard corner location.
      15414 N 19Th Ave, Phoenix, AZ 85023
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Phoenix, Arizona.
      17220 N 19Th Ave, Phoenix, AZ 85023
      View Details
    • Contact for pricing
      2,150 SF

      Retail Space Near Bell Road

      Retail space available near Bell Road in Phoenix, Arizona.
      1838 W Bell Rd, Phoenix, AZ 85023
      View Details
    • Contact for pricing

      North Phoenix Retail Space Available

      Rare vacancy in busy strip center near Thunderbird High School.
      13803 N 19Th Ave, Phoenix, AZ 85023
      View Details
    • Contact for pricing

      Grocery Anchored Shopping Center Space

      Retail space in a busy Phoenix shopping center.
      18402 N 19Th Ave, Phoenix, AZ 85023
      View Details
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    Phoenix, AZ 85023
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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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