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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    650 137th Ave Ste, Unit 110 Goodyear, AZ 85338-2619

    • Flex space
    • 19,670 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    $1,140,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0653368
    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

    • Keogh Engineering Inc / General Contractor
    • Ross Outdoors Archery & Hunting Pro Shop West Valley / (Bike/Boat/Book/etc) Store

    Property Details for 650 137th Ave Ste

    Year built
    2008
    Construction
    CONCRETE
    Lot size
    0.07 lot acres
    Property size
    19,670 SF
    Zone code
    PAD
    Property type
    Flex space
    APN
    500-03-509
    APU
    50003509

    Description

    This exceptional 2,205-square-foot single-tenant industrial condominium is ideally situated in the Goodyear Business Center at Palm Valley Crossing, Goodyear, Arizona (zip code 85338). The property boasts a desirable combination of office and warehouse space, perfect for a variety of businesses. The warehouse area features impressive 22-foot ceilings, providing ample vertical storage capacity. Parking is conveniently available at a ratio of approximately one space per thousand square feet. Located in Maricopa County, this property offers unparalleled access to major transportation arteries, including proximity to the Phoenix-Goodyear Airport, Loop 303, Interstate 10, Loop 101, and Loop 202. A significant advantage is its less-than-a-mile distance to the I-10 interchange, ensuring efficient logistics and convenient commutes. The property's location also benefits from the presence of numerous amenities in the immediate vicinity, along with the added convenience of the Western Regional Medical Center nearby. This turnkey space presents a rare opportunity to acquire a well-located, versatile commercial property in a thriving area of Goodyear, Arizona. The property is currently vacant and ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,140,000
      Market price range: $635k - $5.54M
      AI Estimate
      $1,140,000
      Market price range: $635k - $5.54M

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

    Location Insight

    • Map
    • Local Demand
    City
    Goodyear
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.354
    Latitude
    33.4536
    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
    $2,963
    $0.00
    $0.00
    $63,080
    -
    $76,400
    $305,900
    $382,300

    Comparable in this City

    • Value Estimation
      $8,455,000
      30,039 SF

      500 Bullard Ave

      LIGHT INDUSTRIAL • 30,039 SF
      500 Bullard Ave, Goodyear, AZ 85338-2533
      View Details
    • 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 by Request
      21,153 SF

      426 Dysart Rd

      Distribution properties • 21,153 SF
      426 Dysart Rd, Goodyear, AZ 85338
      View Details
    • Value Estimation
      $17,595,000
      54,520 SF

      13735 Auto Dr

      LIGHT INDUSTRIAL • 54,520 SF
      13735 Auto Dr, Goodyear, AZ 85338-2614
      View Details
    • Value Estimation
      $16,860,000
      59,891 SF

      3500 La Cometa

      LIGHT INDUSTRIAL • 59,891 SF
      3500 La Cometa, Goodyear, AZ 85338-3606
      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
      19.40 Acres

      Goodyear Land: 19.4 Acres

      Prime Goodyear Commercial Land
      0 Perryville Rd, Goodyear, AZ 85338
      View Details
    • 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
    • $699,000
      0.26 Acres

      Goodyear Office Complex - Investment Opportunity

      Two buildings, 2674 sq ft, gated courtyard
      13805 Van Buren St, Goodyear, AZ 85338
      View Details
    • $6,105,323
      9,890 SF

      Goodyear, AZ Daycare Investment

      Net-leased daycare; strong ROI.
      16450 Yuma Rd, Goodyear, AZ 85338
      View Details
    • Contact for pricing
      29 SF

      Goodyear Land Opportunity

      Land in fast-growing Goodyear, Arizona, near I-10 freeway.
      Swc Mtn Vis & Willis Rd, Goodyear, AZ 85338
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      901,700 SF

      Cubework Goodyear

      Office space • 901,700 SF
      575 143Rd Ave, Goodyear, AZ 85338
      View Details
    • $1.95 SF/Yr
      911 SF

      Goodyear Flex Space For Rent

      Flex business park in high-traffic area, modern construction.
      426 N Dysart Rd, Goodyear, AZ 85338
      View Details
    • $1.70 SF/Yr
      9,141 SF

      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
      81,779 SF

      Goodyear Warehouse Space Available

      81,779 SF warehouse space with customizable floor plans.
      15030 W Broadway Rd, Goodyear, AZ 85338
      View Details
    • Contact for pricing
      165,774 SF

      Goodyear Warehouse Space Available

      Adaptable warehouse space with modern amenities and convenient access.
      14910 W Broadway Rd, Goodyear, AZ 85338
      View Details
    • Contact for pricing
      210,853 SF

      Goodyear Warehouse Space Available

      210,853 square foot warehouse space in Goodyear, Arizona.
      15140 W Broadway Rd, Goodyear, AZ 85338
      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.
    650 137th Ave Ste, Unit 110
    Goodyear, AZ 85338-2619
    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.