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    Property profile & analytics

    1341 Watson Rd Buckeye, AZ 85326-6317

    • Individual retail properties
    • 20,075 SF
    • 4.72 lot acres
    OFF-MARKET
    Last Sale
    Oct 22, 2021
    $4,100,000
    Value Estimations
    $4,110,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2445698
    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

    • Planet Fitness / Gym & Fitness Center

    Property Details for 1341 Watson Rd

    Year built
    2018
    Construction
    CONCRETE
    Lot size
    4.72 lot acres
    Property size
    20,075 SF
    Zone code
    PC
    Property type
    Individual retail properties
    APN
    504-22-864
    APU
    50422864

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,125,000

    • Alternative Use

      Use
      Estimation
      GYM, HEALTH SPA
      $5,470,000
      Current use
      RETAIL STORES
      $6,755,000
      Change: +23% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $6,340,000
      Change: +16% Conversion: Difficult
      MEDICAL BUILDING
      $5,110,000
      Change: -7% Conversion: Difficult
      OFFICE BUILDING
      $4,800,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Buckeye
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.554
    Latitude
    33.4339
    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
    $97,151
    $0.00
    $0.00
    $1,586,287
    -
    $1,563,300
    $8,050,562
    $9,613,862

    Comparable in this City

    • Value Estimation
      $3,910,000
      10,205 SF

      24155 Roeser Rd

      GYM, HEALTH SPA • 10,205 SF
      24155 Roeser Rd, Buckeye, AZ 85326-6316
      View Details
    • Value Estimation by Request
      420 SF

      116 4th St

      BARBER, HAIR SALON • 420 SF
      116 4th St, Buckeye, AZ 85326-2802
      View Details
    • Value Estimation
      $4,495,000
      2,613 SF

      705 Monroe Ave

      LAUNDROMAT (SELF-SERVICE) • 2,613 SF
      705 Monroe Ave, Buckeye, AZ 85326-2907
      View Details
    • Value Estimation
      $1,130,000
      5,388 SF

      827 Monroe Ave

      GYM, HEALTH SPA • 5,388 SF
      827 Monroe Ave, Buckeye, AZ 85326-2909
      View Details
    • Value Estimation
      $1,050,000
      4,172 SF

      410 Us Hwy 85th A Ste A

      GYM, HEALTH SPA • 4,172 SF
      410 Us Hwy 85th A Ste A, Buckeye, AZ 85326-2607
      View Details
    • Value Estimation by Request
      1,530 SF

      208 4th St

      BARBER, HAIR SALON • 1,530 SF
      208 4th St, Buckeye, AZ 85326-2404
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Buildings Available Soon

      Two 6,400 SF retail buildings for lease.
      25055 West Southern Ave, Buckeye, AZ 85326
      View Details
    • Contact for pricing
      30,893 SF

      Miller Shops Plaza 1: Executive Suites

      Prime Buckeye, AZ Office Space Available
      0 Sec Southern Ave And Miller Rd, Buckeye, AZ 85326
      View Details
    • Contact for pricing
      43,560 SF

      Buckeye Retail Center Investment Opportunity

      High-traffic AZ retail space, I-10 access.
      0 Nec Watson & Yuma, Buckeye, AZ 85326
      View Details
    • New
      $134,000
      1.28 Acres

      Buckeye Land Parcel For Sale

      1.28 acre land parcel in Buckeye's Rainbow Valley area.
      0001 S 222Nd Ave, Buckeye, AZ 85326
      View Details
    • $350,000
      0.61 Acres

      Buckeye Commercial Land Opportunity

      High-potential 0.61-acre commercial lot.
      701 Beloat Rd, Buckeye, AZ 85326
      View Details
    • $125,000
      1.00 Acre

      Buckeye Land with Well Water

      One-acre Buckeye land parcel with well water share.
      0000 W Caldwell St, Buckeye, AZ 85326
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,652 SF

      Retail Space in Power Center

      Retail space available in multi-anchored shopping center.
      430 S Watson Rd, Buckeye, AZ 85326
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Power Center

      Retail space available in a multi-anchored power center.
      860 S Watson Rd, Buckeye, AZ 85326
      View Details
    • 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
    • Contact for pricing
      2,400 SF

      Retail Space Near I-10 Freeway

      High-visibility retail space with easy access to I-10.
      20570 W Roosevelt St, Buckeye, AZ 85326
      View Details
    • Contact for pricing
      1,060 SF

      Retail Space Near Future Hospital

      Retail space with high visibility near upcoming Abrazo Health campus.
      20640 W Roosevelt St, Buckeye, AZ 85326
      View Details
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    Buckeye, AZ 85326-6317
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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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