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

    1340 Litchfield Rd Goodyear, AZ 85395-1296

    • Drive through restaurants
    • 2,989 SF
    • 0.83 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0164205
    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

    • Freddy's Frozen Custard & Steakburgers / Fast Food Restaurant

    Property Details for 1340 Litchfield Rd

    Year built
    1999
    Construction
    STEEL FRAME
    Lot size
    0.83 lot acres
    Property size
    2,989 SF
    Zone code
    PAD
    Property type
    Drive through restaurants
    APN
    500-04-035
    APU
    50004035

    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
    Goodyear
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.359
    Latitude
    33.4615
    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
    $20,277
    $0.00
    $0.00
    $324,795
    -
    $1,008,100
    $960,356
    $1,968,456

    Comparable in this City

    • Value Estimation by Request
      3,457 SF

      3490 Litchfield Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,457 SF
      3490 Litchfield Rd, Goodyear, AZ 85395-9200
      View Details
    • Value Estimation by Request
      3,128 SF

      13233 Mcdowell Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,128 SF
      13233 Mcdowell Rd, Goodyear, AZ 85395-2605
      View Details
    • Value Estimation by Request
      4,197 SF

      1466 Dysart Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,197 SF
      1466 Dysart Rd, Goodyear, AZ 85395-2615
      View Details
    • Value Estimation by Request
      3,051 SF

      14251 Indian School Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,051 SF
      14251 Indian School Rd, Goodyear, AZ 85395-8493
      View Details
    • Value Estimation by Request
      2,954 SF

      1860 Pebble Crk Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,954 SF
      1860 Pebble Crk Pkwy, Goodyear, AZ 85395-2572
      View Details
    • Value Estimation by Request
      7,592 SF

      1220 Dysart Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 7,592 SF
      1220 Dysart Rd, Goodyear, AZ 85395-2614
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space in Goodyear, Arizona

      Premier shopping destination with retail, dining, and service spaces.
      2075 N Pebble Creek Pkwy, Goodyear, AZ 85395
      View Details
    • Contact for pricing

      Retail Space in Goodyear, Arizona

      Premier shopping destination with retail, dining, and service spaces.
      15420 W Mcdowell Rd, Goodyear, AZ 85395
      View Details
    • Contact for pricing
      13,918 SF

      Goodyear Shops Retail Opportunity

      Retail shops building near major anchors and hospital campus.
      13375 W Mcdowell Rd, Goodyear, AZ 85395
      View Details
    • Contact for pricing
      14 SF

      Camelback Road Land Available

      Approximately 14.3 acres of commercial land in Goodyear, Arizona.
      4923 N 152Nd Ave, Goodyear, AZ 85395
      View Details
    • Contact for pricing
      6 SF

      Goodyear Land Parcel Available

      6.15 acres of land suitable for various developments.
      2382 N Litchfield Rd, Goodyear, AZ 85395
      View Details
    • Contact for pricing
      1.02 Acres

      Goodyear Commercial Land - 1.02 Acres

      Prime Goodyear location, C-2 PAD zoning, high growth area.
      0 Litchfield Rd & Mcdowell Rd, Goodyear, AZ 85395
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Goodyear Retail Space Available

      Retail spaces, drive-thru pads, and pads available for lease.
      Nec Indian School Rd & Perryville Rd, Goodyear, AZ 85395
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space with Drive-Thru Potential

      Retail property with drive-thru, near major community and freeway.
      18625 W Indian School Rd, Goodyear, AZ 85395
      View Details
    • Contact for pricing
      1,500 SF

      Drive-Thru Pad in Goodyear, AZ

      Drive-thru pad site near Loop 303 and I-10.
      18639 W Mackenzie Dr, Goodyear, AZ 85395
      View Details
    • Contact for pricing
      2,325 SF

      New Drive-Thru Building Available

      2,325 SF drive-thru on 1.32 acres, new construction.
      15600 W Mcdowell Rd, Goodyear, AZ 85395
      View Details
    • $38 SF/Yr
      1,989 SF

      Retail Space Near I-10

      1,989 SF retail space with high-income demographics nearby.
      2455 N Pebble Creek Pkwy, Goodyear, AZ 85395
      View Details
    • Contact for pricing
      7,000 SF

      Palm Valley Cornerstone Retail Pad

      Goodyear, AZ: Prime Retail Opportunity
      1520 Dysart Rd, Goodyear, AZ 85395
      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.
    1340 Litchfield Rd
    Goodyear, AZ 85395-1296
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.