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    500 Bullard Ave Goodyear, AZ 85338-2533

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    500 Bullard Ave Goodyear, AZ 85338-2533

    View on Map
    • Flex space
    • 30,039 SF
    • 14.36 lot acres
    Off-Market
    Property ID
    US07-1600630
    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
    $8,455,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Youth Group / High School
    • Hypoxi / Gym / Nutritionist
    • Le Chef Bakery / Bakery / Specialty Food Shop
    • Continuous Motion Physical Therapy- Goodyear / Physician
    • JuiceBox Dance Academy / Training Center

    Property Details for 500 Bullard Ave

    Year built
    2005
    Construction
    CONCRETE
    Lot size
    14.36 lot acres
    Property size
    30,039 SF
    Zone code
    PAD
    Property type
    Flex space
    APN
    500-04-044L
    APU
    50004044L

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,456,000
      Market price range: $970k - $8.46M
      AI Estimate
      $8,456,000
      Market price range: $970k - $8.46M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $5,690,000
      Current use
      AUTO REPAIR, GARAGE
      $13,340,000
      Change: +134% Conversion: Easy
      RETAIL STORES
      $10,105,000
      Change: +78% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $9,485,000
      Change: +67% Conversion: Difficult
      OFFICE BUILDING
      $7,920,000
      Change: +39% Conversion: Difficult
      MEDICAL BUILDING
      $7,650,000
      Change: +34% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Goodyear
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.377
    Latitude
    33.4524
    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
    $175,945
    $0.00
    $0.00
    $3,568,670
    -
    $4,533,400
    $17,094,900
    $21,628,300

    Comparable in this City

    • Value Estimation
      $12,860,000
      45,675 SF

      700 Bullard Ave

      LIGHT INDUSTRIAL • 45,675 SF
      700 Bullard Ave, Goodyear, AZ 85338-2506
      View Details
    • Value Estimation
      $6,555,000
      44,293 SF

      3673 Bullard Ave

      LIGHT INDUSTRIAL • 44,293 SF
      3673 Bullard Ave, Goodyear, AZ 85338-3609
      View Details
    • Value Estimation
      $43,390,000
      154,132 SF

      4320 Cotton Ln

      LIGHT INDUSTRIAL • 154,132 SF
      4320 Cotton Ln, Goodyear, AZ 85338-5657
      View Details
    • Value Estimation
      $14,085,000
      50,040 SF

      3831 Bullard Ave

      LIGHT INDUSTRIAL • 50,040 SF
      3831 Bullard Ave, Goodyear, AZ 85338-3602
      View Details
    • Value Estimation
      $5,815,000
      20,662 SF

      490 Litchfield Rd

      LIGHT INDUSTRIAL • 20,662 SF
      490 Litchfield Rd, Goodyear, AZ 85338
      View Details
    • Value Estimation
      $16,245,000
      142,104 SF

      1901 Litchfield Rd

      LIGHT INDUSTRIAL • 142,104 SF
      1901 Litchfield Rd, Goodyear, AZ 85338-1504
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      22,489 SF

      Goodyear Flex/Industrial/Office Space For Sale

      22,489 SF flex/industrial/office space with I-10 access.
      676 N 137Th Ave, Goodyear, AZ 85338
      View Details
    • Contact for pricing
      136,128 SF

      Industrial Space Near Interstate 10

      Industrial property with easy access to Phoenix metro area.
      Sarival Ave, Goodyear, AZ 85338
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    • Contact for pricing
      141,920 SF

      Goodyear Industrial Property Available

      Industrial property with easy access to major transportation routes.
      Sarival Ave, Goodyear, AZ 85338
      View Details
    • Contact for pricing

      Goodyear Land Parcel For Sale

      19.4-acre vacant parcel in Goodyear, Arizona.
      S Perryville Rd, Goodyear, AZ 85338
      View Details
    • Contact for pricing

      Commercial Pads Available

      Three commercial pads available on a main thoroughfare.
      3810 Estrella Pkwy, Goodyear, AZ 85338
      View Details
    • $139,500
      0.38 Acres

      Goodyear Land in Estrella Ranch

      Residential lot in resort-style community with utilities available.
      18222 W Santa Alberta Ln, Goodyear, AZ 85338
      View Details

    Similar Nearby for Lease

    • $1.70 SF/Yr

      Industrial Flex Space For Lease

      Flex industrial space in high-traffic area near I-10 Freeway.
      426 N Dysart Rd, Goodyear, AZ 85338
      View Details
    • Contact for pricing

      Flexible Warehouse and Office Space

      Adaptable warehouse and office solutions with comprehensive amenities.
      575 S 143Rd Ave, Goodyear, AZ 85338
      View Details
    • Sponsored
      Contact for pricing

      AZ, Goodyear - Flite Center

      Flexible workspace in AZ, Goodyear - Flite Center
      1300 Litchfield Rd, Goodyear, AZ 85338
      View Details
    • Contact for pricing

      New Warehouse Suite Available

      End cap suite with upgrades available for lease.
      13685 W Test Dr, Goodyear, AZ 85338
      View Details
    • Contact for pricing

      Goodyear Crossing Industrial Park Space

      New industrial development with secured yard and spec office.
      Nwc Sarival Ave. & Commerce Dr, Goodyear, AZ 85338
      View Details
    • Contact for pricing
      4,680 SF

      Goodyear Warehouse Space Available

      4,680 SF warehouse space for lease in Goodyear, Arizona.
      13585 W Auto Dr, Goodyear, AZ 85338
      View Details
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    500 Bullard Ave
    Goodyear, AZ 85338-2533
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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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