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    15205 N Dysart Rd El Mirage, AZ 85335

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    15205 N Dysart Rd El Mirage, AZ 85335

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    • Commercial land
    • 1.15 lot acres
    For Sale
    $1,700,000
    View Listing →
    Land Near Greenway & Dysart For Sale
    $1,700,000
    3.20 Acres

    Land Near Greenway & Dysart

    Land for purchase near retail center and Grand Avenue.

    15205 N Dysart Rd, El Mirage, AZ
    View Listing
    Property ID
    US07-1796457
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 15205 N Dysart Rd

    Lot size
    1.15 lot acres
    Zone code
    C-C
    Property type
    Commercial land
    APN
    501-33-984
    APU
    50133984

    Description

    This exceptional 3.2-acre commercial land parcel, identified by APN 501-33-984, 985 & 986, is strategically located at 15205 N Dysart Rd, El Mirage, AZ 85335, at the southeast corner of Dysart Road and Greenway Road. Zoned Urban Core (UC), this property offers unparalleled visibility and accessibility, situated at the gateway to Surprise, Arizona. The site boasts a high daily traffic count of approximately 17,790 vehicles on Dysart Road, ensuring maximum exposure for any development. Its adjacency to the Mirage Oasis Retail Strip Center, Walgreens, and the newly opened Village on Greenway Apartments (194 units) provides a strong existing retail presence and a substantial residential base. Future development in the area includes a Super Walmart, further solidifying the area's growth potential. The property's proximity to major transportation arteries, including Grand Avenue, Highway 101, Interstate 17, and US Highway 60, ensures easy access throughout the greater Phoenix metropolitan area. Furthermore, its location near Luke Air Force Base, Glendale Community College, and other educational institutions, along with the Arizona Cardinals' State Farm Stadium, contributes to a diverse and thriving community. This prime location presents a rare opportunity for investors and developers seeking to capitalize on the explosive growth of this dynamic area. The asking price is $1,700,000. A pad site is also available for purchase.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    El Mirage
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.341
    Latitude
    33.6217
    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
    $3,504
    $0.00
    $0.00
    $31,680
    -
    $211,200
    $0.00
    $211,200

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      12202 Thunderbird Rd

      VACANT COMMERCIAL LAND • 0.12 Acres
      12202 Thunderbird Rd, El Mirage, AZ 85335-3259
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    • Value Estimation by Request
      0.19 Acres

      12229 Grand Ave

      VACANT COMMERCIAL LAND • 881 SF
      12229 Grand Ave, El Mirage, AZ 85335-2974
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    • Value Estimation by Request
      0.15 Acres

      12221 Grand Ave

      VACANT COMMERCIAL LAND • 1,937 SF
      12221 Grand Ave, El Mirage, AZ 85335-2974
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    • Value Estimation by Request
      0.17 Acres

      12202 Thunderbird Rd

      VACANT COMMERCIAL LAND • 764 SF
      12202 Thunderbird Rd, El Mirage, AZ 85335-3259
      View Details
    • Value Estimation by Request
      9.30 Acres

      8853 Dysart Rd

      VACANT COMMERCIAL LAND • 9.30 Acres
      8853 Dysart Rd, El Mirage, AZ 85335-4106
      View Details
    • Value Estimation by Request
      7.88 Acres

      12121 Thunderbird Rd

      VACANT COMMERCIAL LAND • 7.88 Acres
      12121 Thunderbird Rd, El Mirage, AZ 85335-3252
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Hard Corner Land Parcel

      Approximately 0.79 AC hard corner intersection land parcel.
      10601 N Dysart Rd, El Mirage, AZ 85335
      View Details
    • $595,000
      0.19 Acres

      El Mirage Land For Sale

      Three MU-zoned lots totaling 25,600 sq ft in El Mirage.
      14409 N Primrose St, El Mirage, AZ 85335
      View Details
    • $1,700,000

      Land Near Greenway & Dysart

      Land for purchase near retail center and Grand Avenue.
      15205 N Dysart Rd, El Mirage, AZ 85335
      View Details
    • $700,000

      Vacant Land Near Grand Avenue

      Vacant land suitable for retail development near Grand Avenue.
      NW Grand Ave, El Mirage, AZ 85335
      View Details
    • $595,000
      25,600 SF

      El Mirage Commercial Land Available

      Three lots totaling 25,600 SF, MU zoning, seller financing.
      14409 N Primrose St, El Mirage, AZ 85335
      View Details
    • Contact for pricing

      El Mirage Land For Sale

      Approximately 27.64 acres of land available in El Mirage, Arizona.
      9600 North Dysart Rd, El Mirage, AZ 85335
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Modern Industrial Building in Surprise

      State-of-the-art industrial building for lease in Surprise, Arizona.
      13550 N Dysart Rd, Surprise, AZ 85335
      View Details
    • Contact for pricing

      Restaurant & Retail Space Available

      Endcap fully built out restaurant and inline retail spaces available.
      13011 W Greenway Rd, El Mirage, AZ 85335
      View Details
    • $12,000 /Mo

      Secured Storage Yard with Canopy

      3.18-acre lot with 1,500 SF warehouse/canopy and office.
      10241 N 121St Ave, El Mirage, AZ 85335
      View Details
    • Contact for pricing
      4,200 SF

      Retail Space with High Visibility

      Retail space with excellent visibility and high traffic counts.
      12100 N Dysart Rd, El Mirage, AZ 85335
      View Details
    • $0.85 SF/Yr

      Commercial Space For Lease

      Commercial space available for lease.
      12460 N Dysart Rd, El Mirage, AZ 85335
      View Details
    • $1,834 /Mo
      8,000 SF

      Retail Space on Thunderbird Road

      Retail space available for lease on Thunderbird Road.
      12018 W Thunderbird Rd, El Mirage, AZ 85335
      View Details
    View Listing
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    El Mirage, AZ 85335
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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.

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    15205 N Dysart Rd, El Mirage, AZ, 85335

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