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    Property profile & analytics

    1940 Indian School Rd Phoenix, AZ 85015

    • Commercial land
    • 0.03 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US07-1740471
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • KeyExpress Locksmiths / Key Duplication Service / Locksmith
    • Cloud Digital Download / Store
    • Walt's Ace Hardware / Home Improvement Store / Paint Store
    • US Army Career Center / Military Recruiting Office
    • Sparks Hall of Fades n braids / Barber Shop

    Property Details for 1940 Indian School Rd

    Lot size
    0.03 lot acres
    Zone code
    C-G
    Property type
    Commercial land
    APN
    163-29-126G
    APU
    16329126G

    Description

    Horizon Village, a prominent Phoenix retail center located at 1940 W Indian School Rd, 85015, offers a prime leasing opportunity. This multi-tenant property boasts a total of 109,908 square feet on a spacious 10.92-acre lot in Maricopa County, Arizona. Currently, there is 1,598 square feet of retail space immediately available for lease, perfect for a variety of businesses. The property features ample parking with 497 spaces to accommodate customers and employees. The strategic location on West Indian School Road provides excellent visibility and accessibility, ensuring high foot traffic and convenient access for patrons. This is an exceptional opportunity to establish or expand your business in a thriving Phoenix commercial district. The property's size and parking capacity make it suitable for a range of retail concepts. The available space is ready for immediate occupancy, allowing for a swift and efficient business launch. With its prime location and substantial square footage, this property presents a compelling investment opportunity in a dynamic and growing market. Contact us today to learn more about this exceptional retail space and secure your place in this vibrant Phoenix commercial center.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.039
    Latitude
    33.4952
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $623
    $0.00
    $0.00
    $10,695
    -
    $71,300
    $0.00
    $71,300

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    Phoenix, AZ 85015
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    Realmo Value Estimation

    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.

    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.

    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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