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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15059 R H Johnson Blvd Sun City West, AZ 85375-6020

    • Grocery and convenience stores
    • 3,520 SF
    • 1.08 lot acres
    OFF-MARKET
    Value Estimations
    $1,930,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0294997
    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

    • Grocery and convenience stores

    Property Details for 15059 R H Johnson Blvd

    Year built
    1997
    Construction
    CONCRETE
    Lot size
    1.08 lot acres
    Property size
    3,520 SF
    Zone code
    C-2
    Property type
    Grocery and convenience stores
    APN
    232-17-906
    APU
    23217906

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,949,000
      Market price range: $962k - $2.93M
      AI Estimate
      $1,910,000
      Market price range: $896k - $2.88M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,825,000
      RETAIL STORES
      $2,245,000
      AUTO REPAIR, GARAGE
      $1,565,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sun City West
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.389
    Latitude
    33.6703
    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
    $11,525
    $0.00
    $0.00
    $212,388
    -
    $802,700
    $484,500
    $1,287,200

    Comparable in this City

    • Value Estimation
      $1,515,000
      1,836 SF

      18855 R H Johnson Blvd

      CONVENIENCE STORE • 1,836 SF
      18855 R H Johnson Blvd, Sun City West, AZ 85375-4757
      View Details
    • Value Estimation
      $31,525,000
      48,459 SF

      13553 Camino Del Sol

      GROCERY, SUPERMARKET • 48,459 SF
      13553 Camino Del Sol, Sun City West, AZ 85375-4416
      View Details
    • Value Estimation
      $38,860,000
      100,450 SF

      19403 R H Johnson Blvd

      GROCERY, SUPERMARKET • 100,450 SF
      19403 R H Johnson Blvd, Sun City West, AZ 85375-4404
      View Details
    • Value Estimation
      $12,305,000
      42,504 SF

      13940 Meeker Blvd

      GROCERY, SUPERMARKET • 42,504 SF
      13940 Meeker Blvd, Sun City West, AZ 85375-4492
      View Details
    • Value Estimation
      $1,945,000
      5,000 SF

      13641 Camino Del Sol

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      13641 Camino Del Sol, Sun City West, AZ 85375-4413
      View Details
    • Value Estimation
      $8,905,000
      17,081 SF

      19003 R H Johnson Blvd

      DRUG STORE, PHARMACY • 17,081 SF
      19003 R H Johnson Blvd, Sun City West, AZ 85375-4402
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      34,560 SF

      Sun City West Retail Center

      Thriving retail space, ideal for medical.
      0 Swc R H Johnson & Camino Del Sol, Sun City West, AZ 85375
      View Details
    • $355,000
      1,824 SF

      Meticulously Maintained Home on Corner Lot

      Pristine home in active adult community with updated features.
      13055 W Tangelo Dr, Sun City West, AZ 85375
      View Details
    • Contact for pricing
      38,765 SF

      Office Building in Sun City

      38,765 SF office building with administrative build-out.
      13950 W Meeker Blvd, Sun City West, AZ 85375
      View Details
    • $348,999

      Sun City West Home

      Move-in ready home with golf course views in Sun City.
      12810 W Ashwood Dr W, Sun City West, AZ 85375
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,066 SF

      Retail Space in Sun City

      Vanilla shell retail space with updated finishes in Sun City.
      19802 N R H Johnson Blvd, Sun City West, AZ 85375
      View Details
    • Contact for pricing
      50,000 SF

      Sun City West Retail Space

      Retail space in Sun City West anchored by Safeway.
      13595 W Camino Del Sol, Sun City West, AZ 85375
      View Details
    • Contact for pricing
      1,800 SF

      Sun City West Restaurant Space

      Second generation restaurant space in Sun City West, Arizona.
      19423 N R H Johnson Blvd, Sun City West, AZ 85375
      View Details
    • Contact for pricing
      1,638 SF

      Sun City West Retail Space

      Retail or medical space in Sun City West.
      13503 W Camino Del Sol, Sun City West, AZ 85375
      View Details
    • $24 SF/Yr
      4,786 SF

      Medical Office Space Available

      Medical office space for lease near Banner Del Webb.
      13909 W Camino Del Sol, Sun City West, AZ 85375
      View Details
    • $21 SF/Yr
      3,008 SF

      Medical Office Near Banner Hospital

      Medical office space available near Banner Del E. Webb Medical Center.
      13949 W Meeker Blvd, Sun City West, AZ 85375
      View Details

    Property Visit Statistics

    • Visits by month
      6.8k
    • Visitors by month
      6.5k
    • Avg Time on site
      6 min
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    Sun City West, AZ 85375-6020
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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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