Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    20481 Rittenhouse Rd Queen Creek, AZ 85142-4476

    • Theaters & concert halls
    • 63,110 SF
    • 13.60 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2366946
    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

    • Harkins Theatres Queen Creek 14 / Movie Theater

    Property Details for 20481 Rittenhouse Rd

    Year built
    2014
    Construction
    CONCRETE
    Lot size
    13.60 lot acres
    Property size
    63,110 SF
    Zone code
    C-2
    Property type
    Theaters & concert halls
    APN
    304-67-947
    APU
    30467947

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Queen Creek
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.642
    Latitude
    33.2588
    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
    $0.00
    $0.00
    $0.00
    $4,391,542
    -
    $6,058,200
    $20,557,208
    $26,615,408

    Comparable in this City

    • Value Estimation by Request
      80,400 SF

      20464 Riggs Rd

      ARENA, CONVENTION CENTER • 80,400 SF
      20464 Riggs Rd, Queen Creek, AZ 85142-5200
      View Details
    • Value Estimation by Request
      4.68 Acres

      Queen Creek, AZ 85142

      GOLF COURSE • 4.68 Acres
      Queen Creek, AZ 85142
      View Details
    • Value Estimation by Request
      111.68 Acres

      Queen Creek, AZ 85142

      GOLF COURSE • 111.68 Acres
      Queen Creek, AZ 85142
      View Details
    • Value Estimation
      $3,505,000
      5.41 Acres

      Queen Creek, AZ 85142

      GOLF COURSE • 5.41 Acres
      Queen Creek, AZ 85142
      View Details
    • Value Estimation
      $3,505,000
      8.13 Acres

      Queen Creek, AZ 85142

      GOLF COURSE • 8.13 Acres
      Queen Creek, AZ 85142
      View Details
    • Value Estimation
      $3,505,000
      21.86 Acres

      22851 Vlg Loop Rd

      GOLF COURSE • 21.86 Acres
      22851 Vlg Loop Rd, Queen Creek, AZ 85142
      View Details

    Similar Nearby for Sale

    • $16,250,000

      Pegasus Airpark Estate with Hangar

      Luxury estate with hangar, multiple pools, and unique amenities.
      21868 E Stacey Rd, Queen Creek, AZ 85142
      View Details
    • Contact for pricing
      30,644 SF

      Queen Creek Medical Office For Sale

      Prime Medical Office Space in Arizona
      0 Swc Ellsworth & Santan Blvd Bldg C, Queen Creek, AZ 85142
      View Details
    • Contact for pricing
      30,644 SF

      Queen Creek Medical Office Building

      Prime AZ Medical Office Space Available
      0 Swc Ellsworth & Santan Blvd Bldg A, Queen Creek, AZ 85142
      View Details
    • Contact for pricing

      Queen Creek Commercial Land

      3.71 Acres Near Gateway Airport
      20737 Germann Rd, Queen Creek, AZ 85142
      View Details
    • Contact for pricing
      20,222 SF

      Queen Creek Industrial Warehouse

      ±20,222 SF Warehouse/Office, AZ
      21735 Mccowan Ln, Queen Creek, AZ 85142
      View Details
    • Contact for pricing
      30,644 SF

      Queen Creek Medical Office Building

      Prime AZ Medical Office Space for Sale
      0 Swc Ellsworth & Santan Blvd Bldg B, Queen Creek, AZ 85142
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      98,010 SF

      Queen Creek Retail Center Opportunity

      Prime Retail Space, 2.25 Acres
      0 Swc Power Rd & Riggs Rd, Queen Creek, AZ 85142
      View Details
    • $28 SF/Yr
      17,087 SF

      Power Marketplace: Industrial Units For Lease

      Gateway Airport Loop 202: Modern Industrial Space Available
      18625 187Th Pl, Queen Creek, AZ 85142
      View Details
    • Contact for pricing
      13,000 SF

      Queen Creek Retail Development Opportunity

      New retail pads available for ground lease in Queen Creek.
      35555 N Ellsworth Rd, Queen Creek, AZ 85142
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space in Queen Creek

      Retail space adjacent to proposed grocery-anchored development.
      25166 S Ellsworth Rd, Queen Creek, AZ 85142
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Queen Creek

      Retail space available within a shopping center with national retailers.
      21144 S Ellsworth Loop Rd, Queen Creek, AZ 85142
      View Details
    • $35 SF/Yr
      30,000 SF

      Office Space in Queen Creek

      New office space available for lease in Queen Creek.
      S Ellsworth Loop Rd, Queen Creek, AZ 85142
      View Details

    Property Visit Statistics

    • Visits by month
      40.9k
    • Visitors by month
      37.3k
    • Avg Time on site
      133 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.
    20481 Rittenhouse Rd
    Queen Creek, AZ 85142-4476
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.