Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    401 Monroe Ave Buckeye, AZ 85326-2803

    • Office buildings
    • 7,976 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimations
    $825,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0806747
    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

    • Loan Till Payday Online / Loan Agency

    Property Details for 401 Monroe Ave

    Year built
    1914
    Construction
    CONCRETE
    Lot size
    0.10 lot acres
    Property size
    7,976 SF
    Zone code
    CC
    Property type
    Office buildings
    APN
    400-26-024B
    APU
    40026024B

    Description

    This exceptional commercial property, located at 401 E Monroe Ave in Buckeye, Arizona, presents a unique investment opportunity. Boasting 11,754 square feet, this two-story building, constructed in 1914, sits on a parcel with APN 400-26-024B and is zoned CC by the City of Buckeye. Its prominent corner location at the intersection of Fourth Street and Monroe Avenue offers unparalleled visibility and accessibility within the thriving Buckeye community. The property's rich history includes previous uses as a Pay Less Market and a hotel, serving as a central hub for the town's agricultural past. This landmark building offers a blank canvas for a modern retail venture, allowing a buyer to capitalize on its historical significance and prime location. The substantial square footage provides ample space for a variety of retail concepts, while the building's character and location offer a unique opportunity to create a memorable and successful business. The asking price is $1,100,000. This is a chance to own a piece of Buckeye's heritage and contribute to its continued growth. The property's strategic location and substantial size make it an ideal investment for entrepreneurs seeking a high-impact retail space in a rapidly expanding market. Don't miss this chance to acquire a truly remarkable property in the heart of Buckeye, Arizona.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $840,000
      Market price range: $841k - $3.34M
      AI Estimate
      $811,000
      Market price range: $788k - $3.29M

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

    Location Insight

    • Map
    • Local Demand
    City
    Buckeye
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.586
    Latitude
    33.3703
    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
    $3,750
    $0.00
    $0.00
    $75,172
    -
    $92,700
    $362,887
    $455,587

    Comparable in this City

    • Value Estimation by Request
      960 SF

      713 Monroe Ave

      OFFICE BUILDING • 960 SF
      713 Monroe Ave, Buckeye, AZ 85326-2907
      View Details
    • Value Estimation
      $1,755,000
      4,221 SF

      1000 Narramore Ave

      OFFICE BUILDING • 4,221 SF
      1000 Narramore Ave, Buckeye, AZ 85326-2632
      View Details
    • Value Estimation
      $665,000
      1,596 SF

      26601 Baseline Rd

      OFFICE BUILDING • 1,596 SF
      26601 Baseline Rd, Buckeye, AZ 85326-5406
      View Details
    • Value Estimation
      $5,065,000
      12,877 SF

      100 Apache Rd

      OFFICE BUILDING • 12,877 SF
      100 Apache Rd, Buckeye, AZ 85326-9699
      View Details
    • Value Estimation by Request
      600 SF

      25102 Monroe Ave

      OFFICE BUILDING • 600 SF
      25102 Monroe Ave, Buckeye, AZ 85326
      View Details
    • Value Estimation
      $640,000
      1,900 SF

      205 Roosevelt Ave

      OFFICE BUILDING • 1,900 SF
      205 Roosevelt Ave, Buckeye, AZ 85326-2344
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,893 SF

      Miller Shops Plaza 1: Executive Suites

      Prime Buckeye, AZ Office Space Available
      0 Sec Southern Ave And Miller Rd, Buckeye, AZ 85326
      View Details
    • Contact for pricing
      2.39 Acres

      Buckeye Commercial Land - 2.39 Acres

      Prime Buckeye development land, ideal for mixed-use.
      0 Swc Of Yuma Rd & Sundance Pkwy, Buckeye, AZ 85326
      View Details
    • Contact for pricing
      38.00 Acres

      Buckeye Industrial Land Opportunity

      38 Acres, I-11 Corridor, AZ
      0 Nwc Of Hazen & Rooks Rds, Buckeye, AZ 85326
      View Details
    • $9,800,000
      100.00 Acres

      Buckeye Industrial Land - 100 Acres

      Prime 100-acre industrial site in Buckeye, AZ.
      8600 Palo Verde Rd, Buckeye, AZ 85326
      View Details
    • Contact for pricing
      3.50 Acres

      Buckeye Commercial Land - 3.5 Acres

      Prime Commercial Land, High-Growth Area
      0 Miller Rd, Buckeye, AZ 85326
      View Details
    • $295,000
      2.00 Acres

      Buckeye Acreage: Build Your Dream Home

      2 Irrigated Acres, Seller Financing Available
      8715 205Th Ave, Buckeye, AZ 85326
      View Details

    Similar Nearby for Lease

    • $40 SF/Yr
      12,350 SF

      Downtown Buckeye Retail Gem

      High-traffic retail/office space, 5 suites.
      343 Monroe Ave, Buckeye, AZ 85326
      View Details
    • Contact for pricing
      41,600 SF

      Roosevelt Medical Commons

      New Class A Medical Office Space
      0 Swc Verrado Way & Roosevelt St, Buckeye, AZ 85326
      View Details
    • Contact for pricing
      5,952 SF

      Retail Space Near I-10 Freeway

      High-visibility retail space with easy access to I-10.
      20570 W Roosevelt St, Buckeye, AZ 85326
      View Details
    • $31 SF/Yr
      48,000 SF

      Buckeye Medical Office Plaza

      Modern Medical Office Suites Available
      865 Watson Rd, Buckeye, AZ 85326
      View Details
    • Contact for pricing
      3,642 SF

      Retail Space Near Future Hospital

      Retail space with high visibility near upcoming Abrazo Health campus.
      20640 W Roosevelt St, Buckeye, AZ 85326
      View Details
    • Contact for pricing

      Commercial Land Near I-10

      Approximately 1.71-acre commercial land parcel near I-10 available for lease.
      789 Jackrabbit Trl, Buckeye, AZ 85326
      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.
    401 Monroe Ave
    Buckeye, AZ 85326-2803
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.