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

    2323 Apache Trl Apache Junction, AZ 85120-3735

    • Drive through restaurants
    • 1,496 SF
    • 0.64 lot acres
    OFF-MARKET
    Last Sale
    Apr 20, 2021
    $2,175,000
    Value Estimations
    $2,350,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-3321604
    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

    • Arby's / Sandwich Shop / Fast Food Restaurant

    Property Details for 2323 Apache Trl

    Year built
    1990
    Lot size
    0.64 lot acres
    Property size
    1,496 SF
    Property type
    Drive through restaurants
    APN
    101-10-181A
    APU
    10110181A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,350,000
      ML approach
      $2,435,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Apache Junction
    County
    Pinal
    State
    Arizona
    Longitude
    -111.571
    Latitude
    33.4146
    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
    $5,584
    $38,347
    $28,521
    $66,868
    -
    $213,038
    $158,449
    $371,487

    Comparable in this City

    • Value Estimation
      $340,000
      2,258 SF

      2580 Apache Trl

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,258 SF
      2580 Apache Trl, Apache Junction, AZ 85120-5203
      View Details
    • Value Estimation by Request
      1,565 SF

      10826 Apache Trl

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,565 SF
      10826 Apache Trl, Apache Junction, AZ 85120-3403
      View Details
    • Value Estimation
      $275,000
      2,417 SF

      3051 Apache Trl

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,417 SF
      3051 Apache Trl, Apache Junction, AZ 85120-3686
      View Details
    • Value Estimation
      $2,215,000
      849 SF

      Apache Junction, AZ 85120

      DRIVE-THRU RESTAURANT, FAST FOOD • 849 SF
      Apache Junction, AZ 85120
      View Details
    • Value Estimation
      $330,000
      4,967 SF

      2383 Apache Trl

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,967 SF
      2383 Apache Trl, Apache Junction, AZ 85120-3735
      View Details
    • Value Estimation
      $275,000
      2,356 SF

      203 Apache Trl

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,356 SF
      203 Apache Trl, Apache Junction, AZ 85120
      View Details

    Similar Nearby for Sale

    • $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
      13,322 SF

      Apache Plaza Retail Center

      Prime AZ Retail Land, 13,322 SF
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    • $900,000
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      Automotive Sales/Leasing Opportunity

      600 SF building on 0.28 AC lot, ideal for automotive.
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    • $1,250,000
      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
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    • Contact for pricing
      43,269 SF

      Apache Trail Retail Opportunity

      Retail and shop space available for sale or lease.
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    • $600,000
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      Free Standing Retail Building

      Retail building with frontage, gated yard, and air conditioning.
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    Similar Nearby for Lease

    • $158 SF/Yr
      750 SF

      Former Coffee Shop with Drive-Thru

      750 SF former coffee shop with dual drive-thru.
      1525 W Apache Trl, Apache Junction, AZ 85120
      View Details
    • Contact for pricing
      3,000 SF

      Retail/Restaurant Pad Development Available

      Retail and restaurant pad sites available for lease.
      Apache Trl, Apache Junction, AZ 85120
      View Details
    • Contact for pricing
      40,075 SF

      Apache Trail Retail Opportunity

      Prime 1-acre commercial pad site.
      2281 Apache Trl, Apache Junction, AZ 85120
      View Details
    • $192 SF/Yr
      6,402 SF

      Apache Junction Retail Center

      Prime Retail Space, East Valley, AZ
      21 Signal Butte Rd, Apache Junction, AZ 85120
      View Details
    • Contact for pricing
      86,920 SF

      Apache Junction Retail Center

      High-traffic retail space available
      3003 Apache Trl, Apache Junction, AZ 85120
      View Details
    • Contact for pricing
      1,320 SF

      Retail Space Near US-60 Freeway

      Retail space with frontage and easy freeway access available for rent.
      850 S Ironwood Dr, Apache Junction, AZ 85120
      View Details

    Property Visit Statistics

    • Visits by month
      47.5k
    • Visitors by month
      26.7k
    • Avg Time on site
      14 min
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    Apache Junction, AZ 85120-3735
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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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