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    Property profile & analytics

    620 E American Ave Oracle, AZ 85623

    • Retail space
    • 3,060 SF
    • 0.77 lot acres
    For Sale
    View listing
    $249,999
    Value Estimation
    Location Intelligence
    Property ID
    US07-0575545
    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

    • Outpaw's pet grooming / Pet Groomer
    • Oracle 24hr Fitness Center / Fitness Center
    • Connie's Barber Shop / Barber Shop
    • Frank C Martinez Agency Farmers / Insurance Agency

    Property Details for 620 E American Ave

    Year built
    1990
    Construction
    CONCRETE
    Lot size
    0.77 lot acres
    Property size
    3,060 SF
    Property type
    Retail space
    APN
    308-03-053D
    APU
    30803053D

    Description

    This exceptional commercial property located at 620 E American Avenue in the thriving town of Oracle, Arizona, presents a compelling investment opportunity. The 3,060 square foot building sits on a 0.77-acre lot and boasts five individual units, each with its own utilities. Unit A, a spacious 1,200 square feet, is currently leased to a local gym. Unit B and Unit C each offer 600 square feet of usable space. Unit D, measuring 300 square feet, is under a one-year lease, while Unit E, also 300 square feet, has a six-month lease in place. Three units are currently vacant, providing immediate potential for increased revenue. The property features a newer roof, evaporative cooling, and baseboard heating systems. Ample parking is available with 20 spaces. While some updates are needed in the vacant units, the utilities will be turned on for prospective buyers' inspections. The property benefits from excellent main road visibility. Please note that an extended closing escrow period may be required. This property offers a unique chance to capitalize on the growth of Oracle, Arizona. Don't miss this chance to acquire a multi-unit commercial building with significant upside potential.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $305,000

    • CAP approach

      CAP return
      Estimation
      6%
      $455,000
      6.5%
      $385,000
      7%
      $385,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $370,000
      Geo Method
      $475,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $390,000
      Retail
      $370,000
      Mixed-Use
      $360,000
      Hospitality
      $465,000
      Educational
      $440,000
      Residential Income
      $430,000
      Energy
      $475,000
      Income-Based Land
      $440,000
      Food Service
      $455,000

    Location Insight

    • Map
    • Local Demand
    City
    Oracle
    County
    Pinal
    State
    Arizona
    Longitude
    -110.767
    Latitude
    32.6108
    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
    $2,998
    $6,037
    $25,332
    $31,369
    -
    $33,541
    $140,733
    $174,274

    Comparable in this City

    • Value Estimation by Request
      432 SF

      399 American Ave

      RETAIL STORES (PERSONAL SERVICES) • 432 SF
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      1,728 SF

      393 American Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,728 SF
      393 American Ave, Oracle, AZ 85623-6125
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    • Value Estimation by Request
      9,016 SF

      2406 American Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,016 SF
      2406 American Ave, Oracle, AZ 85623-6116
      View Details
    • Value Estimation by Request
      1,728 SF

      381 American Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,728 SF
      381 American Ave, Oracle, AZ 85623-6125
      View Details
    • Value Estimation by Request
      576 SF

      405 American Ave

      RETAIL STORES (PERSONAL SERVICES) • 576 SF
      405 American Ave, Oracle, AZ 85623-6119
      View Details
    • Value Estimation
      $695,000
      12,435 SF

      1995 American Ave

      RETAIL STORES (PERSONAL SERVICES) • 12,435 SF
      1995 American Ave, Oracle, AZ 85623-6010
      View Details

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    Oracle, AZ 85623
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    Realmo Value Estimation

    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.

    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.

    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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