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    Property profile & analytics

    10111 El Mirage Rd El Mirage, AZ 85335-3605

    • Flex space
    • 20,825 SF
    • 2.89 lot acres
    OFF-MARKET
    Last Sale
    Nov 19, 2024
    Value Estimations
    $8,555,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2566033
    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

    • ADC Motorsports and Tireshop / Auto Parts Store / (Bike/Boat/Book/etc) Store
    • Safety Compliance Plus / Freight Service / Logistics Company
    • Business Storage Inc. / Storage Facility
    • Race Prep Performance / Auto Repair Shop
    • True Blue Automotive / Auto Repair Shop

    Property Details for 10111 El Mirage Rd

    Year built
    2007
    Lot size
    2.89 lot acres
    Property size
    20,825 SF
    Property type
    Flex space
    APN
    501-45-970
    APU
    50145970

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,556,000
      Market price range: $1.77M - $8.71M
      AI Estimate
      $8,557,000
      Market price range: $1.70M - $8.71M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $11,875,000
      AUTO REPAIR, GARAGE
      $9,245,000
      RETAIL STORES
      $7,005,000
      NEIGHBORHOOD: SHOPPING CENTER
      $6,575,000
      MEDICAL BUILDING
      $5,300,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    El Mirage
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.324
    Latitude
    33.5751
    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
    $28,094
    $0.00
    $0.00
    $701,036
    -
    $755,100
    $3,493,600
    $4,248,700

    Comparable in this City

    • Value Estimation
      $35,010,000
      83,667 SF

      12600 Northern Ave

      LIGHT INDUSTRIAL • 83,667 SF
      12600 Northern Ave, El Mirage, AZ 85335-3808
      View Details
    • Value Estimation
      $1,675,000
      4,000 SF

      12007 Peoria Ave

      LIGHT INDUSTRIAL • 4,000 SF
      12007 Peoria Ave, El Mirage, AZ 85335-3700
      View Details
    • Value Estimation
      $6,275,000
      15,000 SF

      12545 Butler Dr

      LIGHT INDUSTRIAL • 15,000 SF
      12545 Butler Dr, El Mirage, AZ 85335-3800
      View Details
    • Value Estimation
      $3,555,000
      9,450 SF

      El Mirage, AZ 85335

      LIGHT INDUSTRIAL • 9,450 SF
      El Mirage, AZ 85335
      View Details
    • Value Estimation
      $3,220,000
      7,696 SF

      8376 El Mirage Rd Bldg, Unit 3

      LIGHT INDUSTRIAL • 7,696 SF
      8376 El Mirage Rd Bldg, El Mirage, AZ 85335-3807
      View Details
    • Value Estimation
      $3,685,000
      18,645 SF

      10227 El Mirage Rd

      LIGHT INDUSTRIAL • 18,645 SF
      10227 El Mirage Rd, El Mirage, AZ 85335-3601
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,400 SF

      El Mirage Warehouse For Sale

      4,400 square foot warehouse property in El Mirage, Arizona.
      12301 W Butler Dr, El Mirage, AZ 85335
      View Details
    • Contact for pricing
      216,688 SF

      El Mirage Industrial Property

      Industrial property in El Mirage, approximately 216,688 square feet.
      9755 N El Mirage Rd, El Mirage, AZ 85335
      View Details
    • Contact for pricing
      284,421 SF

      Modern Logistics Warehouse in El Mirage

      Class A industrial building with expressway access and labor pool.
      N Dysart Rd, El Mirage, AZ 85335
      View Details
    • $590,000

      Industrial Warehouse Building For Sale

      Industrial warehouse with fenced yard, convenient access to major routes.
      11713 W Thunderbird Rd, El Mirage, AZ 85335
      View Details
    • Contact for pricing

      Hard Corner Land Parcel

      Approximately 0.79 AC hard corner intersection land parcel.
      10601 N Dysart Rd, El Mirage, AZ 85335
      View Details
    • Contact for pricing
      2,303 SF

      El Mirage Retail Opportunity

      Retail property for sale in a growing Phoenix trade area.
      11817 W Thunderbird Rd, El Mirage, AZ 85335
      View Details

    Similar Nearby for Lease

    • $12,000 /Mo

      Secured Storage Yard with Canopy

      3.18-acre lot with 1,500 SF warehouse/canopy and office.
      10241 N 121St Ave, El Mirage, AZ 85335
      View Details
    • Contact for pricing
      8,125 SF

      Prime El Mirage Office Suites

      Executive Office Space Available in Surprise
      0 Dysart Rd & Cactus Rd, El Mirage, AZ 85335
      View Details
    • Contact for pricing

      Restaurant & Retail Space Available

      Endcap fully built out restaurant and inline retail spaces available.
      13011 W Greenway Rd, El Mirage, AZ 85335
      View Details
    • Contact for pricing
      4,200 SF

      Retail Space with High Visibility

      Retail space with excellent visibility and high traffic counts.
      12100 N Dysart Rd, El Mirage, AZ 85335
      View Details
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    El Mirage, AZ 85335-3605
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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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