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    Property profile & analytics

    1112 S Kofa Ave Parker, AZ 85344

    • Commercial real estate
    • 812 SF
    • 0.17 lot acres
    For Sale
    View listing
    $740,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0072642
    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

    • Lily's Mexican Food / Breakfast Restaurant / Fast Food Restaurant

    Property Details for 1112 S Kofa Ave

    Year built
    2011
    Lot size
    0.17 lot acres
    Property size
    812 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 1112 S Kofa Ave in the heart of Parker, Arizona, presents a unique investment opportunity. The main building, totaling 2700 square feet, currently operates as a successful Mexican restaurant, boasting ample customer parking. The restaurant features a substantial walk-in freezer measuring 20x10 feet and is maintained in excellent condition, both inside and out. Adding to the property's income potential are two separate one-bedroom apartments situated at the rear of the building. These apartments offer convenient alley access and dedicated parking spaces, providing additional rental revenue streams. The 0.17-acre lot ensures ample space for the existing structures and potential future expansion. The property's central location within Parker guarantees high visibility and accessibility, making it an ideal investment for both established businesses and savvy entrepreneurs seeking a diversified income portfolio. The current operational status of the restaurant and apartments provides immediate cash flow, minimizing vacancy risks and maximizing return on investment. This property offers a rare blend of commercial and residential income, presenting a compelling opportunity for significant financial growth. The property's size, location, and existing income streams make it a highly desirable asset in the Parker, Arizona market. Serious inquiries are encouraged to schedule a viewing and explore this exceptional investment opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Parker
    County
    La Paz
    State
    Arizona
    Longitude
    -114.2909
    Latitude
    34.1477

    Comparable in this City

    • $1,975,000
      5,450 SF

      Prime Parker Commercial Property

      Highway 95 Frontage, High Traffic Area
      410 Riverside Dr, Parker, AZ 85344
      View Details
    • $795,000
      7,437 SF

      Prime Parker Strip Commercial Lots

      High-traffic location, storage units, development potential.
      9194 Paradise Dr, Parker, AZ 85344
      View Details
    • $499,000
      6,006 SF

      Parker, AZ Commercial Building

      Huge Potential! 6000+ sq ft. Vacant.
      1005 17Th St, Parker, AZ 85344
      View Details
    • $450,000
      Pending

      Parker, AZ Land with Views

      Land with mountain and river views, development potential in Parker.
      Riv Rdg Dr, Parker, AZ 85344
      View Details
    • $205,000
      0.29 Acres

      Vacant Lot with River Views

      Vacant lot in cul-de-sac with river views and privacy.
      31552 Crystal Cir, Parker, AZ 85344
      View Details
    • $3,500,000
      Pending

      Rare Riverfront Commercial Land Parcel

      Approximately 28 acres of C-2 zoned riverfront property.
      5885 Riverside Dr, Parker, AZ 85344
      View Details

    Similar Nearby for Sale

    • $795,000
      7,437 SF

      Prime Parker Strip Commercial Lots

      High-traffic location, storage units, development potential.
      9194 Paradise Dr, Parker, AZ 85344
      View Details
    • $499,000
      6,006 SF

      Parker, AZ Commercial Building

      Huge Potential! 6000+ sq ft. Vacant.
      1005 17Th St, Parker, AZ 85344
      View Details
    • $1,975,000
      5,450 SF

      Prime Parker Commercial Property

      Highway 95 Frontage, High Traffic Area
      410 Riverside Dr, Parker, AZ 85344
      View Details
    • $349,900
      Pending

      Mixed-Use Property Near River

      Versatile mixed-use property with commercial zoning near the river.
      10226 Harbor Dr, Parker, AZ 85344
      View Details
    • $345,000
      0.34 Acres

      Corner Land Parcel in Parker

      Corner land parcel suitable for development in Parker, Arizona.
      1000 S Joshua Ave, Parker, AZ 85344
      View Details
    • $450,000
      Pending

      Parker, AZ Land with Views

      Land with mountain and river views, development potential in Parker.
      Riv Rdg Dr, Parker, AZ 85344
      View Details

    Property Visit Statistics

    • Visits by month
      4.2k
    • Visitors by month
      2.9k
    • Avg Time on site
      15 min
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    Parker, AZ 85344
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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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