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    3940 Ironwood Dr Apache Junction, AZ 85120-7152
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    Property profile & analytics

    3940 Ironwood Dr, Apache Junction, AZ 85120-7152

    View on Map
    • Retail space
    • 4,538 SF
    • 1.90 lot acres
    Off-Market
    Property ID
    US07-2805871
    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
    $740,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Greyhound: Bus Stop / Logistics Company / Trucking Company
    • A J's Mini Mart / Restaurant
    • Bitstop Bitcoin ATM / Currency Exchange Service / Crypto Atm
    • Krispy Krunchy Chicken / Restaurant
    • Chevron / Auto Repair Shop

    Property Details for 3940 Ironwood Dr

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    1.90 lot acres
    Property type
    Retail space
    APN
    102-19-007F
    APU
    10219007F

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 3, 2024 — D&p LLC — Deed · related —
    Jan 31, 2022 — D & P LLC Group — Deed · related $2.9M · Western Alliance Bank
    Nov 7, 2017 $4,200,000 D & P LLC Group Tee Jay 1 LLC Special Warranty Deed $2.9M · Western Alliance Bank
    Dec 20, 2007 $4,400,000 Tee Jay 1 LLC Wgw LLC Special Warranty Deed —
    — — Tee Jay I LLC — Deed Of Trust · related $250k · Alliance Bank Of Arizona
    — — Tee Jay I LLC — Deed Of Trust · related $2.7M · Alliance Bank Of Arizona

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $745,000
      6.5%
      $685,000
      7%
      $635,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $713,000
      Market price range: $245k - $725k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $945,000
      Current use
      COMMERCIAL (GENERAL)
      $975,000
      Change: +4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Apache Junction
    County
    Pinal
    State
    Arizona
    Longitude
    -111.564
    Latitude
    33.3793
    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
    $16,372
    $44,693
    $80,023
    $124,716
    -
    $248,292
    $444,574
    $692,866

    Comparable in this City

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      $505,000
      2,352 SF

      10712 Apache Trl

      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation
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      5,184 SF

      10344 Apache Trl

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    • Value Estimation
      $595,000
      4,631 SF

      10104 Apache Trl

      RETAIL STORES (PERSONAL SERVICES)
      10104 Apache Trl, Apache Junction, AZ 85120-3206
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    • Value Estimation by Request
      2,400 SF

      1571 Apache Trl

      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation
      $740,000
      5,572 SF

      212 Superstition Blvd

      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation
      $1,265,000
      8,580 SF

      1985 Apache Trl

      RETAIL STORES (PERSONAL SERVICES)
      1985 Apache Trl, Apache Junction, AZ 85120-3785
      View Details

    Similar Nearby for Sale

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      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

      Apache Trail Retail Opportunity

      Retail and shop space available for sale or lease.
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      5,440 SF

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      5,440 SF building with showroom, office space, and storage.
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    • $600,000
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      Apache Junction Industrial Space Available

      Freestanding building with retail frontage and gated yard.
      306 S Ironwood Dr, Apache Junction, AZ 85120
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      13,322 SF

      Dominant Strip Center on Apache

      Strip center located off Apache Trail with 13,322 square feet.
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      Safeway Anchored Retail Space

      Anchor space available in Apache Junction's Safeway-anchored shopping center.
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    Similar Nearby for Lease

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      1,767 SF

      Retail Space in Arroyo Hermosa

      Retail property for lease in a rapidly growing trade area.
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      Retail Space in Busy Center

      Retail space with great visibility in established trade area.
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      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
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    • 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
    • $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

    Property Visit Statistics

    • Visits by month
      13.1k
    • Visitors by month
      12.6k
    • Avg Time on site
      15 min
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    Apache Junction, AZ 85120-7152
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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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