Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    19194 W Gordon Way Wittmann, AZ 85361
    Back to Search
    Property profile & analytics

    19194 W Gordon Way Wittmann, AZ 85361

    View on Map
    • Bars & Pubs
    • 3,000 SF
    • 1.11 lot acres
    For Sale
    $1,000,000
    View Listing →
    Surprise, AZ Commercial Land Parcel For Sale
    $1,000,000
    32.00 Acres

    Surprise, AZ Commercial Land Parcel

    32 acres of commercial land in high-growth Surprise, Arizona.

    19194 W Gordon Way, Wittmann, AZ 85361
    View Listing
    Property ID
    US07-2169133
    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

    • Bars & Pubs

    Property Details for 19194 W Gordon Way

    Year built
    2007
    Construction
    CONCRETE
    Lot size
    1.11 lot acres
    Property size
    3,000 SF
    Zone code
    C-C
    Property type
    Bars & Pubs
    Property subtype
    Pubs
    APN
    503-51-038B
    APU
    50351038B

    Description

    This exceptional 32-acre parcel is ideally situated in Surprise, Arizona, offering unparalleled commercial development potential. Located in a high-growth corridor, the property boasts convenient access to US Highway 60, providing multiple points of ingress and egress for easy transportation. It's also within approximately five miles of the Loop 303 freeway, ensuring seamless connectivity to major transportation arteries. The land is zoned for commercial use (previously C-3), allowing for a wide range of development options. Existing infrastructure includes readily available electricity. The property's address is 19194 W Gordon Way, Wittmann, AZ 85361, within Maricopa County. The parcel's size and strategic location make it an attractive investment opportunity for developers seeking to capitalize on the area's robust economic growth. The APN is 503-51-076A. This versatile land is suitable for a variety of commercial and industrial uses, presenting a unique chance to build in a thriving area. The property's location offers excellent visibility and accessibility, making it an ideal site for a wide range of commercial ventures.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

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

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $993,000
      Market price range: $837k - $2.76M
      AI Estimate
      $924,000
      Market price range: $755k - $2.65M

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

    Location Insight

    • Map
    • Local Demand
    City
    Wittmann
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.475
    Latitude
    33.7353
    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
    $9,979
    $0.00
    $0.00
    $116,871
    -
    $56,600
    $651,712
    $708,312

    Comparable in this City

    • Value Estimation by Request
      960 SF

      30610 229th Dr

      RESIDENTIAL PARKING GARAGE • 960 SF
      30610 229th Dr, Wittmann, AZ 85361-7933
      View Details
    • Value Estimation
      $675,000
      2,400 SF

      Wittmann, AZ 85361

      RESIDENTIAL PARKING GARAGE • 2,400 SF
      Wittmann, AZ 85361
      View Details
    • Value Estimation by Request
      720 SF

      27710 193rd Ave

      RESIDENTIAL PARKING GARAGE • 720 SF
      27710 193rd Ave, Wittmann, AZ 85361-8676
      View Details
    • Value Estimation by Request
      744 SF

      29009 204th Way

      RESIDENTIAL PARKING GARAGE • 744 SF
      29009 204th Way, Wittmann, AZ 85361-5458
      View Details
    • Value Estimation by Request
      576 SF

      33448 225th Ave

      RESIDENTIAL PARKING GARAGE • 576 SF
      33448 225th Ave, Wittmann, AZ 85361-9611
      View Details
    • Value Estimation by Request
      864 SF

      27210 235th Ln

      RESIDENTIAL PARKING GARAGE • 864 SF
      27210 235th Ln, Wittmann, AZ 85361-2735
      View Details

    Similar Nearby for Sale

    • $1,720,000

      Dollar General NNN Investment Opportunity

      Freestanding Dollar General with absolute NNN lease in Wittmann, Arizona.
      21818 West Harding Ave, Wittmann, AZ 85361
      View Details
    • $110,000
      1.00 Acre

      Land in Wittmann, Arizona

      One-acre lot in Wittmann, suitable for building a home.
      Wittmann, AZ 85361
      View Details
    • $215,000
      5.01 Acres

      Land in Wittmann, Arizona

      5.01 acre lot, suitable for building.
      W Lone Mountain Rd, Wittmann, AZ 85361
      View Details
    • $89,000
      9.04 Acres

      9 Acres Land with Views

      9 acre parcel near Wittmann, Arizona with mountain views.
      228XX W Jomax Rd, Wittmann, AZ 85361
      View Details
    • $63,000
      4.14 Acres

      Land Parcel in Whispering Ranch

      4.144-acre lot with private well in Wittmann, Arizona.
      29210 W Morning Vista Ln, Wittmann, AZ 85361
      View Details
    • $66,500
      1.01 Acres

      Land in Wittmann, Arizona

      Residential land with mountain views, near Wickenburg and Surprise.
      W Myers St, Wittmann, AZ 85361
      View Details
    View Listing
    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.
    19194 W Gordon Way
    Wittmann, AZ 85361
    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
    19194 W Gordon Way, Wittmann, AZ, 85361
    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!