Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1528 Old West Hwy Apache Junction, AZ 85119
    Back to Search
    Property profile & analytics

    1528 Old West Hwy Apache Junction, AZ 85119

    View on Map
    • Land
    • 11.01 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1528 Old West Hwy

    Lot size
    11.01 lot acres
    Property type
    Land

    Description

    This exceptional 11.01-acre commercial land parcel is located at the hard corner intersection of Old West Highway and Tomahawk Road in Apache Junction, Arizona. Zoned B-1, this property offers unparalleled access and visibility, situated approximately one mile north of the US-60 Superstition Freeway. Priced at $4,795,956 ($10 per square foot), this site presents a significant development opportunity. The property benefits from readily available utilities including water, sewer, power, and gas. Adding to its appeal, adjacent construction of the Residences at Apache Trail, a 201-unit build-for-rent community, is slated for completion in Fall 2025, further enhancing the property's value and surrounding infrastructure. The seller is offering a purchase price reduction to offset any floodplain mitigation costs. This prime location and advantageous features make this an exceptional investment opportunity in a thriving area. The property's APN is 102-02-001D. This is a rare chance to acquire a substantial commercial parcel in a rapidly developing area of Apache Junction, Pinal County, Arizona, zip code 85119.

    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
    -111.53
    Latitude
    33.4037

    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
      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

      1060 Old West Hwy

      Land
      1060 Old West Hwy, Apache Junction, AZ 85119
      View Details
    • Value Estimation by Request
      11.20 Acres

      5231 Kaniksu St

      Land • 11.20 Acres
      5231 Kaniksu St, Apache Junction, AZ 85119
      View Details

    Similar Nearby for Sale

    • $250,000

      Buildable Desert Lot with Views

      Private desert lot with unobstructed mountain views and infrastructure.
      4924 A St, 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
    • $223,000

      Apache Junction Land Parcel

      Land parcel available in Apache Junction, Arizona.
      4924 A St, Apache Junction, AZ 85119
      View Details
    • $334,988

      Land Available on Broadway Avenue

      Land for sale on East Broadway Avenue, Apache Junction.
      2 E Broadway Ave, 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
    • $240,000

      Acre Lot with Mountain Views

      Rare acre lot with utilities and mountain views.
      1325 S Starr 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
    • Contact for pricing

      Prime Apache Junction Commercial Space

      High-traffic location suitable for retail, office, bank, restaurant, or medical.
      400 S Idaho 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
    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.
    1528 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

    Thank You for Inquiry
    1528 Old West Hwy, Apache Junction, AZ, 85119
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!