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    250 N Litchfield Rd Goodyear, AZ 85338
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    Property profile & analytics

    250 N Litchfield Rd, Goodyear, AZ 85338

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    • Office buildings
    • 45,800 SF
    • 3.83 lot acres
    For Lease
    $30 SF/Yr
    View Listing →
    Goodyear Office Space For Rent For Lease
    $30 SF/Yr
    3,319 SF

    Goodyear Office Space For Rent

    Office space available in a rapidly growing city.

    250 N Litchfield Rd, Goodyear, AZ
    View Listing
    Property ID
    US07-3281416
    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
    $9,940,000
    Cap Rate Potential
    6.8%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • West Valley View / Publishing House / Newspaper & Magazine
    • Monrroy Plastering / Renovation Specialist / General Contractor
    • New American Funding - Dee Jimenez / Loan Service / Bank
    • New American Funding - Ron Hall / Loan Service / Bank
    • Kristinn I. Heinrichs, PHD / Physician

    Property Details for 250 N Litchfield Rd

    Year built
    2001
    Construction
    CONCRETE
    Lot size
    3.83 lot acres
    Zone code
    C-2
    Property type
    Office buildings
    APN
    500-04-016F
    APU
    50004016F

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 31, 2025 — Francisco Galmiche Roman — Deed · related $10k · Lakeview Loan Servicing LLC
    Oct 25, 2022 $9,218,750 Goodyear Alliance LLC Goodyear Financial Center LLC Special Warranty Deed $6.6M · Vantage West Cu
    Dec 21, 2018 $4,850,000 Goodyear Financial Center LLC Trical Commercial Investments LLC Special Warranty Deed $2.9M · First International Bank & Trust
    Aug 2, 2007 $10,955,000 Trical Commercial Invs LLC Blue Canyon Investors LLC Grant Deed —
    Dec 27, 2005 — Virginia Group LLC — Trustees Deed · related $250k · Bank USA Fsb
    Jun 10, 2004 $8,650,000 Blue Canyon Investors LLC Dos Palos Partners LLC Grant Deed —
    — — Trical Commercial Invs LLC — Deed Of Trust · related $3.8M · Kinecta FCU
    — — Trical Commercial Invs LLC — Deed Of Trust · related $1.3M · Kinecta FCU

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,385,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $11,850,000
      6.5%
      $10,940,000
      7%
      $10,155,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $12,075,000
      Current use
      RETAIL STORES
      $15,405,000
      Change: +28% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $14,465,000
      Change: +20% Conversion: Difficult
      MEDICAL BUILDING
      $11,660,000
      Change: -3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Goodyear
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.359
    Latitude
    33.4493
    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
    $99,691
    $0.00
    $0.00
    $1,193,651
    -
    $2,585,700
    $4,648,548
    $7,234,248

    Comparable in this City

    • Value Estimation
      $3,275,000
      7,382 SF

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      OFFICE BUILDING
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    • Value Estimation
      $1,890,000
      4,253 SF

      13817 Van Buren St

      OFFICE BUILDING
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    • Value Estimation by Request
      507 SF

      10300 Estrella Pkwy

      OFFICE BUILDING
      10300 Estrella Pkwy, Goodyear, AZ 85338-5552
      View Details
    • Value Estimation
      $1,325,000
      2,990 SF

      289 Litchfield Rd

      OFFICE BUILDING
      289 Litchfield Rd, Goodyear, AZ 85338-1227
      View Details
    • Value Estimation
      $2,165,000
      27,372 SF

      700 Estrella Pkwy1n

      OFFICE BUILDING
      700 Estrella Pkwy1n, Goodyear, AZ 85338-9271
      View Details
    • Value Estimation
      $5,675,000
      251 SF

      16830 Yuma Rd

      OFFICE BUILDING
      16830 Yuma Rd, Goodyear, AZ 85338-4697
      View Details

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      5.53 Acres

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    Similar Nearby for Lease

    • Contact for pricing
      2,283 SF

      Goodyear Office Space For Rent

      Office space available in a rapidly growing city.
      250 N Litchfield Rd, Goodyear, AZ 85338
      View Details
    • Contact for pricing
      86,875 SF

      Goodyear Crossing Industrial Park Space

      New industrial development with secured yard and spec office.
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      Goodyear Warehouse and Office Space

      Warehouse and office space available in Goodyear, Arizona.
      Goodyear, AZ 85338
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      Goodyear Retail Suite For Rent

      Retail suite in thriving Goodyear corridor, high visibility, strong traffic.
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    • Sponsored
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      AZ, Goodyear - Flite Center

      Flexible workspace in AZ, Goodyear - Flite Center
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      Flexible Warehouse and Office Space

      Adaptable warehouse and office solutions with comprehensive amenities.
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    View Listing
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    Goodyear, AZ 85338
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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.

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