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    Property profile & analytics

    15154 Cotton Ln Surprise, AZ 85388-9618

    • Drive through restaurants
    • 2,562 SF
    • 1.25 lot acres
    OFF-MARKET
    Value Estimations
    $2,155,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2447709
    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

    • Drive through restaurants

    Property Details for 15154 Cotton Ln

    Year built
    2021
    Lot size
    1.25 lot acres
    Property size
    2,562 SF
    Zone code
    PAD
    Property type
    Drive through restaurants
    APN
    502-87-965
    APU
    50287965

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,187,000
      Market price range: $1.20M - $2.19M
      AI Estimate
      $2,124,000
      Market price range: $331k - $2.12M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,580,000
      Current use
      COMMERCIAL (GENERAL)
      $2,055,000
      Change: +30% Conversion: Easy
      RETAIL STORES
      $1,635,000
      Change: +3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Surprise
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.428
    Latitude
    33.622
    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
    $24,005
    $0.00
    $0.00
    $405,934
    -
    $1,514,000
    $946,206
    $2,460,206

    Comparable in this City

    • Value Estimation
      $2,955,000
      3,144 SF

      16790 Waddell Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,144 SF
      16790 Waddell Rd, Surprise, AZ 85388-9619
      View Details
    • Value Estimation
      $2,865,000
      6,200 SF

      16553 Waddell Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 6,200 SF
      16553 Waddell Rd, Surprise, AZ 85388-9627
      View Details
    • Value Estimation
      $3,355,000
      2,302 SF

      16810 Waddell Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,302 SF
      16810 Waddell Rd, Surprise, AZ 85388
      View Details
    • Value Estimation
      $2,750,000
      3,303 SF

      13730 Sarival Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,303 SF
      13730 Sarival Ave, Surprise, AZ 85388-9002
      View Details
    • Value Estimation
      $2,665,000
      5,420 SF

      16625 Waddell Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,420 SF
      16625 Waddell Rd, Surprise, AZ 85388-9625
      View Details
    • Value Estimation
      $1,205,000
      1,430 SF

      17181 Greenway Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,430 SF
      17181 Greenway Rd, Surprise, AZ 85388-9622
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,820 SF

      Retail Space Near Loop-303

      Retail space adjacent to new apartment development near Loop-303.
      N Cotton Ln, Surprise, AZ 85388
      View Details
    • Contact for pricing

      Freestanding Bank Pad with Drive-Thru

      Freestanding 3,804 SF bank pad with drive-thru for sale.
      17063 W Greenway Rd, Surprise, AZ 85388
      View Details
    • Contact for pricing

      Commercial Lots in Growing Area

      Commercial land for sale in rapidly growing Surprise, Arizona.
      N Sarival Ave, Surprise, AZ 85388
      View Details
    • New
      $519,900
      1.92 Acres

      Surprise, AZ Land Opportunity

      Expansive land with mountain views, close to amenities.
      14202 N 186Th Ave, Surprise, AZ 85388
      View Details
    • Contact for pricing

      Freeway Land with Development Potential

      Land with freeway visibility, near retail and master-planned communities.
      10801 N Cotton Ln, Surprise, AZ 85388
      View Details
    • Contact for pricing
      4,194 SF

      Commercial Land Near Loop-303

      Commercial land near Loop-303 and new apartment development.
      N Cotton Ln, Surprise, AZ 85388
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,800 SF

      Retail Space with Drive-Thru Potential

      Speculative retail space available for lease in Surprise, Arizona.
      17070 W Waddell Rd, Surprise, AZ 85388
      View Details
    • Contact for pricing

      Available Drive-Thru Endcap in Surprise

      Drive-thru endcap available for lease in Surprise, Arizona.
      NWC Cotton Ln & Waddell Rd, Surprise, AZ 85388
      View Details
    • Contact for pricing

      Retail and Restaurant Opportunity

      Retail and restaurant spaces available in Surprise, Arizona.
      Nec Prasada Pkwy & Waddell Rd, Surprise, AZ 85388
      View Details
    • Contact for pricing

      Retail Space in Busy Center

      Neighborhood shopping center with great visibility and diverse tenant mix.
      16630 W Greenway Rd, Surprise, AZ 85388
      View Details
    • Contact for pricing

      New Retail Hub in Surprise

      Dynamic shopping center with high-end grocer and retail spaces.
      Sec Sarival Ave & Waddell Rd, Surprise, AZ 85388
      View Details
    • Contact for pricing
      336,473 SF

      Cotton Ln Retail Opportunity

      Surprise, AZ Retail Space Available
      16991 Waddell Rd, Surprise, AZ 85388
      View Details

    Property Visit Statistics

    • Visits by month
      6.4k
    • Visitors by month
      5.6k
    • Avg Time on site
      10 min
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    Surprise, AZ 85388-9618
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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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