Property profile

860 Watson Rd Buckeye, AZ 85326

OFF-MARKET
Community centers
Property ID
US07-2129437
18,000 SF 10.79 ac lot Built 2006
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

A 1,600-square-foot retail space located within a multi-anchored power center in Phoenix, Arizona. The space is positioned along the west entry approach to Phoenix and is situated as a primary retail stop for commuters and truck traffic leaving the city. The center functions as a retail destination serving customers from the Gila Bend area and surrounding small towns.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 2006
Construction CONCRETE
Total area 18,000 SF
Lot 10.79 ac (469,890 SF)
Zoning code PAD
APN 504-19-954
UPID US07-2129437

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market
  • Eye Care Center Ophthalmologist
  • Training Center Sports School
  • Physician
  • Nail Salon

Location

860 Watson Rd Buckeye, AZ 85326-3431
Buckeye metro Census 50608 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.66M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.01M

Owner & transaction history

Zoning & alternative use

PAD · Buckeye, AZ
Zoning description

PAD Planned Area Development Any Land Use Designation OVERLAY DISTRICTS DOD Downtown Overlay District Specific boundary designated AREOD Apache Rainbow Employment Overlay District Specific boundary designated AOD Airport…

General category INDUSTRIAL
Top alternative use upside
Restaurant $10.3M +80.5%
Auto repair, garage $8.0M +40.6%
Retail stores $6.1M +6.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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