Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1545 Broadway Ave Apache Junction, AZ 85120-7658
    Back to Search
    Property profile & analytics

    1545 Broadway Ave, Apache Junction, AZ 85120-7658

    View on Map
    • Retail space
    • 6,380 SF
    • 1.10 lot acres
    Off-Market
    Last Sale Apr 28, 2022
    $975,000
    Property ID
    US07-0464749
    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
    $975,000
    Show details
    Cap Rate Potential
    6.1%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • The Collective Tech / Community Center
    • Phoenician Medical Center / Physician
    • Dr. Pappoe Tutankhamen - MD / Physician
    • Morton Joyce C / Physician
    • Excalibur Charter Schools / School District Office

    Property Details for 1545 Broadway Ave

    Year built
    2004
    Construction
    CONCRETE
    Lot size
    1.10 lot acres
    Property type
    Retail space
    APN
    102-08-0190
    APU
    102080190

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 28, 2022 $975,000 Broadway Iron Wood Center LLC More Broadway Ironwood LLC Special Warranty Deed $749k · Firstbank
    Oct 15, 2010 $475,000 More Broadway Ironwood LLC Sterling Svgs Bk Grant Deed —
    Nov 6, 2009 $761,469 Sterling Svgs Bk Urman Michael R Trustees Deed · related —
    Apr 4, 2006 — Broadwayironwood Investors LLC — Trustees Deed · related $1M · Sterling Savings Bank
    Oct 23, 2003 $295,000 Broadwayironwood Investors LLC Olsen,raymond W & Karen A Grant Deed $895k · Compass Bank
    Apr 25, 2002 $145,000 Raymond W Olsen Gordon Trust Grant Deed $100k · Gordon Trust
    Nov 17, 2000 $87,500 Gordon Trust Chiappetta Development INC Grant Deed —
    Dec 1, 1999 $87,000 Chiapetta Development INC Circle K Stores INC Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,020,000
      ML approach
      $995,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,045,000
      6.5%
      $965,000
      7%
      $895,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $710,000
      Market price range: $345k - $1.02M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,325,000
      Current use
      RESTAURANT
      $1,540,000
      Change: +16% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,370,000
      Change: +4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Apache Junction
    County
    Pinal
    State
    Arizona
    Longitude
    -111.563
    Latitude
    33.4074
    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
    $13,644
    $17,250
    $106,947
    $124,197
    -
    $95,832
    $594,148
    $689,980

    Comparable in this City

    • Value Estimation
      $505,000
      2,352 SF

      10712 Apache Trl

      RETAIL STORES (PERSONAL SERVICES)
      10712 Apache Trl, Apache Junction, AZ 85120-3365
      View Details
    • Value Estimation
      $1,115,000
      5,184 SF

      10344 Apache Trl

      RETAIL STORES (PERSONAL SERVICES)
      10344 Apache Trl, Apache Junction, AZ 85120-3211
      View Details
    • Value Estimation
      $595,000
      4,631 SF

      10104 Apache Trl

      RETAIL STORES (PERSONAL SERVICES)
      10104 Apache Trl, Apache Junction, AZ 85120-3206
      View Details
    • Value Estimation by Request
      2,400 SF

      1571 Apache Trl

      RETAIL STORES (PERSONAL SERVICES)
      1571 Apache Trl, Apache Junction, AZ 85120-3862
      View Details
    • Value Estimation
      $740,000
      5,572 SF

      212 Superstition Blvd

      RETAIL STORES (PERSONAL SERVICES)
      212 Superstition Blvd, Apache Junction, AZ 85120-4127
      View Details
    • Value Estimation
      $1,265,000
      8,580 SF

      1985 Apache Trl

      RETAIL STORES (PERSONAL SERVICES)
      1985 Apache Trl, Apache Junction, AZ 85120-3785
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,440 SF

      Commercial Building with Fenced Yard

      5,440 SF building with showroom, office space, and storage.
      1880 W Apache Trl, Apache Junction, AZ 85120
      View Details
    • $2,300,000
      6,402 SF

      Apache Junction Retail Center

      High-Visibility QSR/Retail Investment
      21 Signal Butte Rd, Apache Junction, AZ 85120
      View Details
    • Contact for pricing

      Apache Trail Retail Opportunity

      Retail and shop space available for sale or lease.
      11518 E Main St, Apache Junction, AZ 85120
      View Details
    • $600,000
      2,800 SF

      Apache Junction Industrial Space Available

      Freestanding building with retail frontage and gated yard.
      306 S Ironwood Dr, Apache Junction, AZ 85120
      View Details
    • Contact for pricing
      13,322 SF

      Dominant Strip Center on Apache

      Strip center located off Apache Trail with 13,322 square feet.
      11518 E Main St, Apache Junction, AZ 85120
      View Details
    • Contact for pricing

      Commercial Lot in Developing Area

      0.58 acre commercial lot in a developing area.
      2090 W Superstition Blvd, Apache Junction, AZ 85120
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,767 SF

      Retail Space in Arroyo Hermosa

      Retail property for lease in a rapidly growing trade area.
      212 W Superstition Blvd, Apache Junction, AZ 85120
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space in Mustang Center

      1,250 SF retail space in a high-traffic shopping center.
      2430 W Apache Trl, Apache Junction, AZ 85120
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Apache Junction

      Retail space available for rent in Apache Junction, Arizona.
      185 N Apache Trl, Apache Junction, AZ 85120
      View Details
    • Contact for pricing
      1,100 SF

      Retail Space in Arroyo Hermosa

      Retail space for lease in a well-maintained plaza.
      320 W Superstition Blvd, Apache Junction, AZ 85120
      View Details
    • Contact for pricing
      1,205 SF

      Retail Space in Busy Center

      Retail space with great visibility in established trade area.
      189 W Apache Trl, Apache Junction, AZ 85120
      View Details
    • Contact for pricing
      33,070 SF

      Former Retail Space Available

      Retail space in Apache Junction with high traffic counts.
      10603 East Apache Trl, Apache Junction, AZ 85120
      View Details

    Property Visit Statistics

    • Visits by month
      470
    • Visitors by month
      461
    • Avg Time on site
      18 min
    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.
    1545 Broadway Ave
    Apache Junction, AZ 85120-7658
    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

    Thank You for Inquiry
    1545 Broadway Ave, Apache Junction, AZ, 85120
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!