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    Property profile & analytics

    105 Delaware Dr Apache Junction, AZ 85120-6511

    • Office buildings
    • 4,020 SF
    • 1.15 lot acres
    OFF-MARKET
    Value Estimations
    $860,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-3326765
    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

    • Quartz & Granite Countertops / Kitchen & Bath Showroom / Hardware & Home Improvement
    • Farmers Insurance - Michael Rodriguez / Insurance Agency
    • Salon Sassy / Hair Salon / Nail Salon
    • Sundance Village RV Resort / Campground & RV Park
    • Radiant Rituals Beauty Bar & Sweet Sting Piercing / Hair Salon / Nail Salon

    Property Details for 105 Delaware Dr

    Year built
    2003
    Construction
    CONCRETE
    Lot size
    1.15 lot acres
    Property size
    4,020 SF
    Property type
    Office buildings
    APN
    101-10-180A
    APU
    10110180A

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $985,000
      6.5%
      $910,000
      7%
      $845,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $759,000
      Market price range: $286k - $760k
      AI Estimate
      $908,000
      Market price range: $237k - $909k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $550,000
      Current use
      COMMERCIAL (GENERAL)
      $865,000
      Change: +58% Conversion: Easy
      RETAIL STORES
      $835,000
      Change: +52% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Apache Junction
    County
    Pinal
    State
    Arizona
    Longitude
    -111.571
    Latitude
    33.4141
    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
    $20,820
    $13,526
    $215,968
    $229,494
    -
    $75,143
    $1,199,825
    $1,274,968

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      115 Apache Trl

      OFFICE BUILDING • 5,000 SF
      115 Apache Trl, Apache Junction, AZ 85120-3927
      View Details
    • Value Estimation by Request
      1,200 SF

      275 Plz Dr

      OFFICE BUILDING • 1,200 SF
      275 Plz Dr, Apache Junction, AZ 85120-5503
      View Details
    • Value Estimation by Request
      1,925 SF

      11512 Apache Trl

      OFFICE BUILDING • 1,925 SF
      11512 Apache Trl, Apache Junction, AZ 85120-3523
      View Details
    • Value Estimation
      $1,740,000
      13,838 SF

      253 Superstition Blvd

      OFFICE BUILDING • 13,838 SF
      253 Superstition Blvd, Apache Junction, AZ 85120-4125
      View Details
    • Value Estimation by Request
      2,010 SF

      10241 Apache Trl

      OFFICE BUILDING • 2,010 SF
      10241 Apache Trl, Apache Junction, AZ 85120-3203
      View Details
    • Value Estimation by Request
      960 SF

      169 Ironwood Dr

      OFFICE BUILDING • 960 SF
      169 Ironwood Dr, Apache Junction, AZ 85120-5015
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,440 SF

      Commercial Building with Fenced Yard

      5,440 SF building with showroom, office space, and storage.
      1880 W Apache Trl, Apache Junction, AZ 85120
      View Details
    • Contact for pricing

      Apache Junction Commercial Land Available

      Commercial land with storage building and office near Loop 202.
      10317 E Apache Trl, Apache Junction, AZ 85120
      View Details
    • $210,000
      1.25 Acres

      Land with Superstition Mountain Views

      1.25-acre parcel with views and recreation opportunities.
      564 W Mckellips Blvd, Apache Junction, AZ 85120
      View Details
    • $750,000

      Apache Junction Fourplex Investment Opportunity

      Fourplex near US-60 with updated units and strong rental income.
      2125 S Apache Dr, Apache Junction, AZ 85120
      View Details
    • $2,700,000
      4,275 SF

      Industrial Property with Canopy

      Industrial building with office space, canopy, and concrete pad.
      5017 S Pinal Dr, Apache Junction, AZ 85120
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    • Contact for pricing
      600 SF

      Automotive Sales/Leasing Opportunity

      600 SF building on 0.28 AC lot, ideal for automotive.
      1081 S Meridian Rd, Apache Junction, AZ 85120
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      13,933 SF

      Prime Apache Junction Office Space

      Executive Suites, 13,933 SF Total
      264 Ironwood Dr, Apache Junction, AZ 85120
      View Details
    • Contact for pricing
      26,901 SF

      Apache Junction Medical Office Plaza

      Prime Medical Office Space Available
      2080 Southern Ave, Apache Junction, AZ 85120
      View Details
    • $13 SF/Yr
      800 SF

      Office Space with Monument Signage

      Office space for rent with excellent frontage and parking.
      264-268 N Ironwood Dr, Apache Junction, AZ 85120
      View Details
    • Contact for pricing
      2,730 SF

      Retail Space in Apache Junction

      Retail space with signage, parking, and roll-up door.
      1735 W Apache Trl, Apache Junction, AZ 85120
      View Details
    • Contact for pricing
      2,986 SF

      Retail Space in Arroyo Hermosa

      Retail property for lease in a rapidly growing trade area.
      212 W Superstition Blvd, Apache Junction, AZ 85120
      View Details
    • Contact for pricing

      Hard Corner Endcap Retail Space

      Retail space available at Signal Butte & Apache Trail.
      21 S Signal Butte Rd, Apache Junction, AZ 85120
      View Details

    Property Visit Statistics

    • Visits by month
      1.2k
    • Visitors by month
      864
    • Avg Time on site
      33 min
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    Apache Junction, AZ 85120-6511
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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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