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

    835 215th Ave Buckeye, AZ 85326-6786

    • Warehouses
    • 230,400 SF
    • 18.89 lot acres
    OFF-MARKET
    Last Sale
    Aug 09, 2024
    $51,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0149755
    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

    • Warehouses

    Property Details for 835 215th Ave

    Year built
    2022
    Lot size
    18.89 lot acres
    Property size
    230,400 SF
    Property type
    Warehouses
    APN
    504-20-002E
    APU
    50420002E

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $39,485,000
      6.5%
      $36,445,000
      7%
      $33,845,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $49,971,000
      Market price range: $24.5M - $82.4M
      AI Estimate
      $48,364,000
      Market price range: $22.6M - $79.1M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $47,150,000
      Current use
      RETAIL STORES
      $77,505,000
      Change: +64% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $72,765,000
      Change: +54% Conversion: Moderate
      MEDICAL BUILDING
      $58,660,000
      Change: +24% Conversion: Difficult
      OFFICE BUILDING
      $55,105,000
      Change: +17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Buckeye
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.51
    Latitude
    33.4565
    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
    $31,131
    $0.00
    $0.00
    $4,978,793
    -
    $8,353,300
    $21,821,200
    $30,174,500

    Comparable in this City

    • Value Estimation by Request
      1,968 SF

      204 Butler Ave

      WAREHOUSE, STORAGE • 1,968 SF
      204 Butler Ave, Buckeye, AZ 85326-2316
      View Details
    • Value Estimation by Request
      3,200 SF

      26515 Us Hwy 85

      STORAGE YARD, OPEN STORAGE • 3,200 SF
      26515 Us Hwy 85, Buckeye, AZ 85326-5054
      View Details
    • Value Estimation by Request
      2,400 SF

      14751 Airport Rd

      WAREHOUSE, STORAGE • 2,400 SF
      14751 Airport Rd, Buckeye, AZ 85326-4712
      View Details
    • Value Estimation
      $1,155,000
      3,289 SF

      905 Monroe Ave

      MINI-WAREHOUSE, STORAGE • 3,289 SF
      905 Monroe Ave, Buckeye, AZ 85326-3000
      View Details
    • Value Estimation
      $4,640,000
      13,230 SF

      24901 Yuma Rd

      MINI-WAREHOUSE, STORAGE • 13,230 SF
      24901 Yuma Rd, Buckeye, AZ 85326-6412
      View Details
    • Value Estimation by Request
      2,520 SF

      304 1st St

      WAREHOUSE, STORAGE • 2,520 SF
      304 1st St, Buckeye, AZ 85326-2349
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17.42 Acres

      Prime Buckeye Industrial Land

      17.42 Acres, Ideal Commercial/Industrial Use
      0 Miller Rd, Buckeye, AZ 85326
      View Details
    • Contact for pricing

      Buckeye Agricultural Land with Commercial Potential

      100 acres of agricultural land in Buckeye, Arizona.
      S Palo Verde Rd, Buckeye, AZ 85326
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    • $45,000
      1.25 Acres

      Land For Sale, Buckeye, AZ

      1.25 acre commercial land for sale in Buckeye, Arizona.
      S 185Th Ave, Buckeye, AZ 85326
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    • $44,444
      2.77 Acres

      2.77 Acre Buckeye Ranch Land

      Sprawling ranch land near I-10 with owner financing.
      W Camelback Rd, Buckeye, AZ 85326
      View Details
    • $1,068,750
      7.13 Acres

      Buckeye, AZ Land For Sale

      7-acre parcel zoned for General Commerce in Buckeye, Arizona.
      26912 E Lower Buckeye Rd, Buckeye, AZ 85326
      View Details
    • $750,000
      1.10 Acres

      Buckeye, AZ Land Bundle

      Four surveyed lots in Buckeye, ready for development.
      306XX W Hopi St, Buckeye, AZ 85326
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Buckeye Warehouse and Distribution Space

      Available warehouse and distribution space in Buckeye, Arizona.
      1150 North Perryville Rd, Buckeye, AZ 85326
      View Details
    • Contact for pricing

      Retail Space Freeway Shops

      Retail spaces available at Freeway Shops.
      I-10 Freeweay & Watson Rd, Buckeye, AZ 85326
      View Details
    • Contact for pricing
      2,652 SF

      Retail Space in Power Center

      Retail space available in multi-anchored shopping center.
      430 S Watson Rd, Buckeye, AZ 85326
      View Details
    • Contact for pricing

      Retail Buildings for Lease

      Two 6,400 SF retail buildings available for lease.
      25055 West Southern Ave, Buckeye, AZ 85326
      View Details
    • Contact for pricing

      Land Available For Lease/Sale

      Land available for lease or sale in Buckeye, Arizona.
      Miller Rd & Lower Buckeye Rd, Buckeye, AZ 85326
      View Details
    • Contact for pricing
      31,200 SF

      Buckeye Retail Power Center Space

      Multi-anchored power center serving Phoenix's west and surrounding areas.
      500 S Watson Rd, Buckeye, AZ 85326
      View Details
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    835 215th Ave
    Buckeye, AZ 85326-6786
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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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