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

    1940 Arizona Blvd Coolidge, AZ 85128-6203

    • Retail space
    • 16,190 SF
    • 4.81 lot acres
    OFF-MARKET
    Last Sale
    Oct 17, 2022
    $2,400,000
    Value Estimations
    $2,585,000
    Show details
    Cap Rate Potential
    6.3%
    Retail space
    Location Intelligence
    Property ID
    US07-1360229
    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

    • Shope's IGA / Grocery Store / Supermarket
    • 76 / Gas Station
    • Hermanos Gueros / Mexican Restaurant
    • Cardtronics ATM / Atm

    Property Details for 1940 Arizona Blvd

    Year built
    1988
    Construction
    CONCRETE
    Lot size
    4.81 lot acres
    Property size
    16,190 SF
    Property type
    Retail space
    APN
    204-14-2200
    APU
    204142200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,510,000
      ML approach
      $2,675,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,650,000
      6.5%
      $2,445,000
      7%
      $2,270,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,183,000
      Market price range: $1.08M - $3.43M
      AI Estimate
      $2,452,000
      Market price range: $785k - $2.45M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,130,000
      Current use
      RESTAURANT
      $3,900,000
      Change: +83% Conversion: Easy
      COMMERCIAL (GENERAL)
      $2,490,000
      Change: +17% Conversion: Easy
      OFFICE BUILDING
      $2,205,000
      Change: +4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Coolidge
    County
    Pinal
    State
    Arizona
    Longitude
    -111.525
    Latitude
    32.9603
    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
    $21,357
    $53,761
    $241,318
    $295,079
    -
    $298,674
    $1,340,654
    $1,639,328

    Comparable in this City

    • Value Estimation
      $340,000
      7,834 SF

      555 Arizona Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,834 SF
      555 Arizona Blvd, Coolidge, AZ 85128-3925
      View Details
    • Value Estimation
      $305,000
      1,750 SF

      113 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,750 SF
      113 Main St, Coolidge, AZ 85128-4409
      View Details
    • Value Estimation
      $360,000
      2,400 SF

      495 Arizona Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      495 Arizona Blvd, Coolidge, AZ 85128-4809
      View Details
    • Value Estimation
      $1,255,000
      3,220 SF

      780 Arizona Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,220 SF
      780 Arizona Blvd, Coolidge, AZ 85128-3907
      View Details
    • Value Estimation
      $405,000
      4,845 SF

      553 Coolidge Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,845 SF
      553 Coolidge Ave, Coolidge, AZ 85128-5001
      View Details
    • Value Estimation
      $350,000
      6,435 SF

      375 Coolidge Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,435 SF
      375 Coolidge Ave, Coolidge, AZ 85128-5117
      View Details

    Similar Nearby for Sale

    • $1,400,000
      14,000 SF

      Coolidge Warehouse with Automotive Use

      14,000 SF warehouse in Coolidge, automotive use permitted.
      425 S Main St, Coolidge, AZ 85128
      View Details
    • Contact for pricing
      2.22 Acres

      Coolidge Commercial Land - Prime Location

      2.216 Acres, C-2 Zoning, High Growth Area
      2024 Arizona Blvd, Coolidge, AZ 85128
      View Details
    • $2,400,000
      75.00 Acres

      75-Acre Coolidge Land Investment

      Prime Ag, Commercial, Residential Land
      350 9Th St, Coolidge, AZ 85128
      View Details
    • Contact for pricing

      Hard Corner Pad For Sale

      Hard corner pad site available in growing Coolidge, Arizona.
      2024 S Arizona Blvd, Coolidge, AZ 85128
      View Details
    • Contact for pricing

      Land in Growing Coolidge Area

      Land sites poised for retail development in growing Coolidge.
      12304 N Skousen Rd, Coolidge, AZ 85128
      View Details
    • $78,500

      Acreage Outside the City

      Land with power, water, and irrigation rights.
      4284 E Becker Ln, Coolidge, AZ 85128
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,280 SF

      Retail Space Near Walmart

      Grocery-anchored retail space available for lease near Walmart.
      1491 N Arizona Blvd, Coolidge, AZ 85128
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Coolidge Center

      Retail space available in grocery-anchored Coolidge shopping center.
      1409-1491 N Arizona Blvd, Coolidge, AZ 85128
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in Coolidge Center

      Retail space available in grocery-anchored shopping center near Walmart.
      1455 N Arizona Blvd, Coolidge, AZ 85128
      View Details
    • $1,200,000
      2,380 SF

      Renovated Retail Building For Rent

      Recently renovated retail building with ample parking available for rent.
      145 W Central Ave, Coolidge, AZ 85128
      View Details
    • Contact for pricing
      1,102 SF

      Grocery-Anchored Retail Space Available

      Retail space in grocery-anchored center, Coolidge, Arizona.
      1411 N Arizona Blvd, Coolidge, AZ 85128
      View Details
    • $9 SF/Yr
      4,000 SF

      Coolidge Retail Space - 4,000 SF

      Prime Coolidge retail space, 4,000 sq ft, available now.
      403 Central Ave, Coolidge, AZ 85128
      View Details
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    1940 Arizona Blvd
    Coolidge, AZ 85128-6203
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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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