Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    338 Meridian Rd Apache Junction, AZ 85120-3612
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    338 Meridian Rd Apache Junction, AZ 85120-3612

    View on Map
    • Commercial real estate
    • 24,660 SF
    • 4.01 lot acres
    Off-Market
    Property ID
    US07-0890992
    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
    $4,015,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 338 Meridian Rd

    Year built
    1998
    Construction
    STEEL FRAME
    Lot size
    4.01 lot acres
    Property size
    24,660 SF
    Zone code
    C-3
    Property type
    Commercial real estate
    APN
    220-64-004F
    APU
    22064004F

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,140,000
      Market price range: $3.06M - $10.2M
      AI Estimate
      $3,892,000
      Market price range: $1.79M - $9.53M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,305,000
      Current use
      MEDICAL BUILDING
      $6,280,000
      Change: +18% Conversion: Easy
      OFFICE BUILDING
      $5,900,000
      Change: +11% Conversion: Easy
      RETAIL STORES
      $5,125,000
      Change: -3% Conversion: Easy
      WAREHOUSE, STORAGE
      $5,045,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Apache Junction
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.582
    Latitude
    33.4217
    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
    $23,483
    $0.00
    $0.00
    $354,635
    -
    $1,275,900
    $873,400
    $2,149,300

    Comparable in this City

    • Value Estimation by Request
      0.06 Acres

      850 Meridian Rd

      COMMERCIAL (GENERAL) • 0.06 Acres
      850 Meridian Rd, Apache Junction, AZ 85120-2900
      View Details
    • Value Estimation by Request
      1.35 Acres

      7 114th St

      COMMERCIAL (GENERAL) • 1.35 Acres
      7 114th St, Apache Junction, AZ 85120-3552
      View Details
    • Value Estimation by Request
      0.00 Acres

      251 114th St

      COMMERCIAL (GENERAL) • 0.00 Acres
      251 114th St, Apache Junction, AZ 85120-3535
      View Details
    • Value Estimation by Request
      0.09 Acres

      7 114th St

      COMMERCIAL (GENERAL) • 0.09 Acres
      7 114th St, Apache Junction, AZ 85120-3552
      View Details
    • Value Estimation by Request
      0.31 Acres

      10131 Apache Trl

      COMMERCIAL (GENERAL) • 0.31 Acres
      10131 Apache Trl, Apache Junction, AZ 85120-3205
      View Details
    • Value Estimation by Request
      0.31 Acres

      11518 Apache Trl

      COMMERCIAL (GENERAL) • 0.31 Acres
      11518 Apache Trl, Apache Junction, AZ 85120-3551
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Apache Junction Commercial Land Available

      Commercial land with storage building and office near Loop 202.
      10317 E Apache Trl, Apache Junction, AZ 85120
      View Details
    • Contact for pricing

      Prime Commercial Corner Lot

      Available commercial land on high-traffic corridor in Apache Junction.
      W Lost Dutchman Blvd, Apache Junction, AZ 85120
      View Details
    • $2,700,000
      4,275 SF

      Industrial Property with Canopy

      Industrial building with office space, canopy, and concrete pad.
      5017 S Pinal Dr, Apache Junction, AZ 85120
      View Details
    • Contact for pricing

      Commercial Land in Apache Junction

      Commercial land with frontage on Apache Trail, near established retailers.
      10639 E Apache Trl, Apache Junction, AZ 85120
      View Details
    • $315,000
      25,165 SF

      Commercial Lot For Sale

      Vacant commercial lot suitable for retail or office use.
      2090 W Superstition Blvd, Apache Junction, AZ 85120
      View Details
    • $210,000
      1.25 Acres

      Land with Superstition Mountain Views

      1.25-acre parcel with views and recreation opportunities.
      564 W Mckellips Blvd, Apache Junction, AZ 85120
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      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
      1,600 SF

      Retail Space in Apache Junction

      Retail space available for rent in Apache Junction, Arizona.
      185 N Apache Trl, Apache Junction, AZ 85120
      View Details
    • Contact for pricing
      1,100 SF

      Retail Space in Arroyo Hermosa

      Retail space for lease in a well-maintained plaza.
      320 W Superstition Blvd, Apache Junction, AZ 85120
      View Details
    • $13 SF/Yr
      6,300 SF

      Retail Space on Apache Trail

      Retail space with high visibility and strong traffic counts.
      11357 E Apache Trl, Apache Junction, AZ 85120
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space in Mustang Center

      1,250 SF retail space in a high-traffic shopping center.
      2430 W Apache Trl, Apache Junction, AZ 85120
      View Details
    • $13 SF/Yr
      13,933 SF

      Prime Apache Junction Office Space

      Executive Suites, 13,933 SF Total
      264 Ironwood Dr, Apache Junction, AZ 85120
      View Details
    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.
    338 Meridian Rd
    Apache Junction, AZ 85120-3612
    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.
    Sign Up Successful!
    You now have access to more from Realmo!