Back to Search
Property profile & analytics
FOR LEASE
Outlet malls
409 N Litchfield Rd Goodyear, AZ 85338
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-3280986
For Lease
1 / 3
Contact for pricing
409 N Litchfield Rd, Goodyear, AZ 85338
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1996
Construction
CONCRETE
Total area
51,519 SF
Lot
5.49 ac (239,323 SF)
Zoning code
PAD
APN
500-03-359
UPID
US07-3280986
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
EVgo Charging Station Electric Vehicle Charging Station
-
Planet Fitness Gym & Fitness Center
-
Big Lots Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.55M
Blend (final)
Blend
$9.45M
Owner & transaction history
Goodyear Retail I LLC · 6 yrs held
Goodyear Retail I LLC
since 2019
6 recorded transactions
Zoning & alternative use
PAD · Goodyear, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The PAD zone is to provide accommodate, encourage and promote developments with innovative design involving residential and nonresidential land uses, which together form an attractive, harmonious unit in the community
Zone name
Planned Area Development
General category
RESIDENTIAL
Zone area
60,521.59 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Goodyear submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Goodyear submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.45M
Range $8.50M – $10.39M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$183 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$67,492
Tax year 2023
Assessed value
$995,478
Assessed 2024
Previous assessed
$804,100
+23.8% YoY
Effective rate
6.78%
On assessed value
Land market value
$2,183,400
Improvement market value
$3,849,800
Total market value
$6,033,200
Applied tax rate
440,800.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1996
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
51,519 SF
Lot
5.49 ac (239,323 SF)
Zoning code
PAD
APN
500-03-359
UPID
US07-3280986
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Goodyear, AZZoning PAD · permitted uses
PAD · Goodyear, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The PAD zone is to provide accommodate, encourage and promote developments with innovative design involving residential and nonresidential land uses, which together form an attractive, harmonious unit in the community
Zone name
Planned Area Development
General category
RESIDENTIAL
Zone area
60,521.59 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1996
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
5.49 ac
Current owner
From public records · entity-resolved
Goodyear Retail I LLC
Entity
Mailing address
520 NEWPORT CTR DR STE #780, NEWPORT BEACH, CA 92660-7086
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2025
—
Goodyear Retail I LLC
—
Deed
related
$2,479,200 · Bell Bank
Oct 8, 2019
$2,400,000
Goodyear Retail I LLC
409 North Litchfield Road LLC
Warranty Deed
$2,479,200 · Bell Bank
Aug 6, 2013
$2,300,000
North Litchfield Road L 409
Acc Retail Associates LLC
Grant Deed
$1,610,000 · Bank Leumi USA
May 30, 2007
$3,072,900
Acc Retail Associates LLC
Abs Sw Owner LLC
Grant Deed
—
Jul 20, 2006
$5,100,000
Abs Sw Owner LLC
Albertsons LLC
Warranty Deed
$168,927,970 · Greenwich Capital Financial Product
—
—
409 North Litchfield Road LLC
—
Deed Of Trust
related
$2,477,242 · Rbs Asset Fin
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
