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    Property profile & analytics

    112 Monroe Ave Buckeye, AZ 85326-2703

    • Grocery and convenience stores
    • 2,240 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1871957
    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

    • SNA Tire Shop Auto Repair / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • SNA Tire Shop Auto Towings / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • Jaylee Wings N Thangs / Restaurant

    Property Details for 112 Monroe Ave

    Year built
    1963
    Construction
    STEEL FRAME
    Lot size
    0.17 lot acres
    Property size
    2,240 SF
    Zone code
    CC
    Property type
    Grocery and convenience stores
    APN
    400-20-028A
    APU
    40020028A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $624,000
      Market price range: $612k - $1.87M
      AI Estimate
      $612,000
      Market price range: $570k - $1.83M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $705,000
      Current use
      AUTO REPAIR, GARAGE
      $995,000
      Change: +41% Conversion: Difficult
      RETAIL STORES
      $755,000
      Change: +7% Conversion: Easy
      MEDICAL BUILDING
      $570,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Buckeye
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.59
    Latitude
    33.3708
    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
    $4,676
    $0.00
    $0.00
    $68,079
    -
    $115,700
    $296,900
    $412,600

    Comparable in this City

    • Value Estimation
      $3,030,000
      4,450 SF

      537 Watson Rd

      CONVENIENCE STORE • 4,450 SF
      537 Watson Rd, Buckeye, AZ 85326-3442
      View Details
    • Value Estimation by Request
      440 SF

      30724 Southern Ave

      GROCERY, SUPERMARKET • 440 SF
      30724 Southern Ave, Buckeye, AZ 85326-6400
      View Details
    • Value Estimation
      $24,495,000
      108,808 SF

      1300 Watson Rd

      GROCERY, SUPERMARKET • 108,808 SF
      1300 Watson Rd, Buckeye, AZ 85326-6303
      View Details
    • Value Estimation
      $6,910,000
      19,340 SF

      1361 Watson Rd

      GROCERY, SUPERMARKET • 19,340 SF
      1361 Watson Rd, Buckeye, AZ 85326-6317
      View Details
    • Value Estimation by Request
      1,800 SF

      210 Baseline Rd

      CONVENIENCE STORE • 1,800 SF
      210 Baseline Rd, Buckeye, AZ 85326-1023
      View Details
    • Value Estimation
      $4,540,000
      5,500 SF

      2075 Miller Rd

      CONVENIENCE STORE • 5,500 SF
      2075 Miller Rd, Buckeye, AZ 85326-6463
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Buildings Available Soon

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      30,893 SF

      Miller Shops Plaza 1: Executive Suites

      Prime Buckeye, AZ Office Space Available
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      43,560 SF

      Buckeye Retail Center Investment Opportunity

      High-traffic AZ retail space, I-10 access.
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    • Contact for pricing
      160.48 Acres

      Prime Buckeye Commercial Land

      160 Acres, Rail Access, Employment Zone.
      0 Sec Baseline & Bruner Rds, Buckeye, AZ 85326
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    • $160,000
      1.00 Acre

      Residential Land in Growing Area

      One-acre lot suitable for building a custom home.
      0003 W Beloat Rd, Buckeye, AZ 85326
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    • $149,000
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      1.25 acre lot with mountain views in Buckeye, Arizona.
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    Similar Nearby for Lease

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      2,652 SF

      Retail Space in Power Center

      Retail space available in multi-anchored shopping center.
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      1,598 SF

      Retail Space in Growing Buckeye

      Retail space available in a rapidly growing area of Buckeye.
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      Retail Space Near I-10 Freeway

      High-visibility retail space with easy access to I-10.
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    • Contact for pricing
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      Retail Space in Power Center

      Retail space available in a multi-anchored power center.
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    • Contact for pricing
      1,525 SF

      Retail Space in Growing Buckeye

      Retail space with high visibility in fast-growing Buckeye, Arizona.
      6213 S Miller Rd, Buckeye, AZ 85326
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space on Watson Road

      Retail space in high-traffic Buckeye location near I-10.
      525 S Watson Rd, Buckeye, AZ 85326
      View Details
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    Buckeye, AZ 85326-2703
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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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