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    257 Litchfield Rd Goodyear, AZ 85338-1227

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    257 Litchfield Rd Goodyear, AZ 85338-1227

    View on Map
    • Retail space
    • 9,500 SF
    • 0.48 lot acres
    Off-Market
    Last Sale Dec 15, 2021
    $1,450,000
    Property ID
    US07-0990724
    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
    $1,670,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • PPG Paint Store / Hardware & Home Improvement / Building Supply

    Property Details for 257 Litchfield Rd

    Year built
    1977
    Construction
    CONCRETE
    Lot size
    0.48 lot acres
    Property size
    9,500 SF
    Zone code
    C-2
    Property type
    Retail space
    APN
    500-08-077
    APU
    50008077

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,100,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,980,000
      6.5%
      $1,830,000
      7%
      $1,700,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,831,000
      Market price range: $1.28M - $5.95M
      AI Estimate
      $1,791,000
      Market price range: $1.24M - $5.83M

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

    Location Insight

    • Map
    • Local Demand
    City
    Goodyear
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.357
    Latitude
    33.4495
    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
    2022
    $10,570
    $0.00
    $0.00
    $190,872
    -
    $201,700
    $955,100
    $1,156,800

    Comparable in this City

    • Value Estimation
      $770,000
      3,184 SF

      1933 Ballpark Way

      RETAIL STORES (PERSONAL SERVICES) • 3,184 SF
      1933 Ballpark Way, Goodyear, AZ 85338-6916
      View Details
    • Value Estimation
      $1,680,000
      8,329 SF

      203 Litchfield Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,329 SF
      203 Litchfield Rd, Goodyear, AZ 85338-1293
      View Details
    • Value Estimation
      $815,000
      6,129 SF

      116 Western Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,129 SF
      116 Western Ave, Goodyear, AZ 85338-1431
      View Details
    • Value Estimation by Request

      13540 Van Buren St

      Individual retail properties
      13540 Van Buren St, Goodyear, AZ 85338
      View Details
    • Value Estimation by Request
      2,291 SF

      14620 El Sol Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,291 SF
      14620 El Sol Blvd, Goodyear, AZ 85338-3622
      View Details
    • Value Estimation
      $2,705,000
      6,804 SF

      435 Litchfield Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,804 SF
      435 Litchfield Rd, Goodyear, AZ 85338-1300
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,810 SF

      Goodyear Retail Property For Sale

      Retail property in Goodyear, Arizona, offering approximately 6,810 square feet.
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      Goodyear Retail Anchor Space Available

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      Retail Property for Sale

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      Safeway Anchored Shopping Center

      Premier shopping center in Goodyear's rapidly expanding Estrella community.
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      Land at Perryville and Roeser

      Land available at the northeast corner of Perryville and Roeser.
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    • $3,854,016
      5.53 Acres

      Goodyear Industrial Land Opportunity

      Approximately 5.5 acres in a rapidly developing industrial complex.
      4310 S Bullard Ave, Goodyear, AZ 85338
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    Similar Nearby for Lease

    • Contact for pricing
      28,195 SF

      Retail Space Near Interstate 10

      Retail space in established trade area with residential growth.
      409 N Litchfield Rd, Goodyear, AZ 85338
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    • Contact for pricing
      8,000 SF

      Retail Space in Growing Goodyear

      Strategically located retail space in a rapidly growing area.
      S Cotton Ln, Goodyear, AZ 85338
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    • Contact for pricing
      20,000 SF

      Retail Space in Growing Goodyear

      Strategically located retail space near I-10 and Loop 303.
      685 S Cotton Ln, Goodyear, AZ 85338
      View Details
    • Contact for pricing
      14,747 SF

      Retail Space in Growing Goodyear

      Retail space in a rapidly growing area of Goodyear, Arizona.
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    • Contact for pricing
      100 SF

      Retail Space with Drive-Thru Lane

      Retail space featuring an ATM drive-thru lane.
      441 N Estrella Pkwy, Goodyear, AZ 85338
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    • Contact for pricing
      2,558 SF

      Retail Space Near I-10

      Retail space with offices, high visibility, near I-10.
      13250 W Van Buren St, Goodyear, AZ 85338
      View Details
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    257 Litchfield Rd
    Goodyear, AZ 85338-1227
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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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