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

    1041 99th Ave Tolleson, AZ 85353-9707

    • Automotive properties
    • 10,581 SF
    • 13.18 lot acres
    OFF-MARKET
    Last Sale
    Mar 30, 2022
    $7,359,751
    Value Estimations
    $7,340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0415668
    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

    • CarMax / Car Dealership
    • CarMax Auctions / Car Dealership
    • CAX Insurance Group / Financial Advisor / Insurance Agency
    • CarMax Insurance Group / Financial Advisor / Insurance Agency

    Property Details for 1041 99th Ave

    Year built
    2008
    Construction
    CONCRETE
    Lot size
    13.18 lot acres
    Property size
    10,581 SF
    Zone code
    C-G
    Property type
    Automotive properties
    APN
    102-53-322
    APU
    10253322

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,300,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,889,000
      Market price range: $2.31M - $7.89M
      AI Estimate
      $7,692,000
      Market price range: $2.02M - $7.69M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $4,700,000
      Current use
      COMMERCIAL (GENERAL)
      $8,490,000
      Change: +81% Conversion: Moderate
      RESTAURANT
      $6,030,000
      Change: +28% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tolleson
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.271
    Latitude
    33.4595
    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
    $216,441
    $0.00
    $0.00
    $2,035,796
    -
    $4,479,500
    $7,858,655
    $12,338,155

    Comparable in this City

    • Value Estimation
      $39,035,000
      53,012 SF

      9899 Roosevelt St

      VEHICLE SALES, RENTALS • 53,012 SF
      9899 Roosevelt St, Tolleson, AZ 85353-9272
      View Details
    • Value Estimation
      $550,000
      1,584 SF

      9105 Van Buren St

      AUTO REPAIR, GARAGE • 1,584 SF
      9105 Van Buren St, Tolleson, AZ 85353-2903
      View Details
    • Value Estimation
      $3,415,000
      7,575 SF

      9970 Lowr Buckeye Rd

      AUTO REPAIR, GARAGE • 7,575 SF
      9970 Lowr Buckeye Rd, Tolleson, AZ 85353-1461
      View Details
    • Value Estimation
      $575,000
      1,800 SF

      9158 Jefferson St

      AUTO REPAIR, GARAGE • 1,800 SF
      9158 Jefferson St, Tolleson, AZ 85353-3519
      View Details
    • Value Estimation by Request
      486 SF

      9210 Van Buren St

      SERVICE STATION (FULL SERVICE) • 486 SF
      9210 Van Buren St, Tolleson, AZ 85353-2906
      View Details
    • Value Estimation by Request
      836 SF

      606 91st Ave

      AUTO REPAIR, GARAGE • 836 SF
      606 91st Ave, Tolleson, AZ 85353-1729
      View Details

    Similar Nearby for Sale

    • $3,195,000
      2,400 SF

      New Starbucks with Drive-Thru

      New construction Starbucks with a corporate guaranty and drive-thru.
      525 N 99Th Ave, Tolleson, AZ 85353
      View Details
    • $3,505,000
      1,470 SF

      Freestanding Starbucks with Drive-Thru

      New 15-year corporate guaranteed net lease Starbucks investment property.
      1207 N 91St Ave, Tolleson, AZ 85353
      View Details
    • Contact for pricing
      8.58 Acres

      Avondale Commercial Land - 8.58 Acres

      Prime Retail Pads, C-2 Zoning, High Traffic
      0 Nec Of Avondale Blvd & Lower Buckeye Rd, Avondale, AZ 85353
      View Details
    • Contact for pricing
      104,636 SF

      Industrial Buildings Delivering Q4 2025

      Two industrial buildings totaling 104,636 SF, delivering Q4 2025.
      SW 83Rd Ave, Tolleson, AZ 85353
      View Details
    • Contact for pricing

      Land Available Near Freeway

      Land for sale or ground lease near future freeway.
      107Th Ave, Tolleson, AZ 85353
      View Details
    • $7,865,228
      561,802 SF

      Tolleson Commercial Land Opportunity

      Commercial land near major employers and shipping routes in Tolleson.
      9300 W Lower Buckeye Rd, Tolleson, AZ 85353
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      73,278 SF

      Avondale Retail Center

      Prime Avondale location, 73,278 SF available
      107th Ave & Van Buren St, Avondale, AZ 85353
      View Details
    • Contact for pricing
      2,590 SF

      Retail Space in Tolleson, AZ

      Retail space available in Tolleson, anchored by national tenants.
      9870 W Lower Buckeye Rd, Tolleson, AZ 85353
      View Details
    • Contact for pricing
      4,847 SF

      Warehouse/Showroom/Office/Industrial Project

      Three-building project with warehouse, showroom, office, and industrial spaces for rent.
      10297 W Van Buren St, Tolleson, AZ 85353
      View Details
    • Contact for pricing
      6,000 SF

      Regional Shopping Center For Lease

      Located at the connection of two major highways.
      9897 W Mcdowell Rd, Tolleson, AZ 85353
      View Details
    • Contact for pricing
      2,650 SF

      Retail Space Near Interstate 10

      Retail space near Interstate 10 and residential growth.
      107Th Ave, Tolleson, AZ 85353
      View Details
    • Contact for pricing
      1,006 SF

      Retail Endcap Available For Sublease

      Retail endcap for sublease, located near major retailers.
      3010 S 99Th Ave, Tolleson, AZ 85353
      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.
    1041 99th Ave
    Tolleson, AZ 85353-9707
    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.