Surprise, AZ
Commercial Real Estate Market Trends & Data

$785 Avg asking sale price
$514 Avg asking lease rate
41,091 SF Avg unit lease size
48,400 SF Avg building size for sale
6.63% Average cap rate

Surprise's Demographic Profile

Surprise has 59,353 households and a median income of $83,527, providing context for rent absorption and tenant demand across retail and multifamily assets. A +9% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 162,919
# Households 59,353
Median age 43
Median household income $83,527
Avg household size 3.0
Renter-occupied housing units 12,849
5-year population change +9%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Surprise, AZ

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Surprise $363 21,938 SF 7.50%
Sun City West $363 8,338 SF 7.50%
Sun City $322 26,963 SF 8.40%
Peoria $342 27,246 SF 8.40%
El Mirage $328 27,783 SF 7.50%
Nearby Retail Markets Avg Cost/SF Typical Size
Surprise $550 22,545 SF
Sun City West $253 41,145 SF
Sun City $254 11,863 SF
Waddell $463 5,147 SF
Peoria $445 12,605 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Peoria $500 10,015 SF 6.17%
Glendale $327 36,877 SF 6.44%
Phoenix $307 25,543 SF 8.22%
Avondale $113 56,842 SF 7.26%

Commercial Properties For Sale in Surprise

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Kohl's | 6+yrs Remain Corp NN

Surprise, AZ 85374

  • 89,047 SF Retail Building
  • 6.00% Cap Rate
  • $13,853,000
For Sale

55 Acres Ready for Development

Surprise, AZ 85387

  • 55 AC Lot
  • 1 Commercial Lot
  • $7,500,000
For Sale

17150 N 134th Dr

Surprise, AZ 85378

  • 5,069 SF Flex Building
  • $1,945,000
For Sale

Clean Freak At Asante Trails

Surprise, AZ 85387

  • 4,882 SF Retail Building
  • $2,762,000
For Sale

The Courtyard at Sunridge Plaza

Surprise, AZ 85378

  • 29,320 SF Office Building
  • 7.50% Cap Rate
  • $6,450,000
For Sale

Circle K at Asante Trails

Surprise, AZ 85387

  • 5,200 SF Retail Building
  • 5.00% Cap Rate
  • $3,600,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Surprise pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Surprise $785 48,400 SF
Sun City West $1,151 19,751 SF
Sun City $602 16,455 SF
Waddell $372 175,890 SF

Regional Demographic Comparison

This comparison places Surprise alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Surprise or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Surprise 162,919 59,353 43 $83,527 3 12,849 9%
Sun City West 31,134 18,414 76 $63,464 2 2,087 9%
Sun City 43,881 26,656 74 $47,571 2 4,433 9%
Waddell 16,222 4,893 38 $100,225 3 400 12%
Wittmann 881 302 43 $61,557 3 46 12%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Surprise, AZ and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Surprise

View All Commercial Real Estate For Sale in Surprise
Is Surprise a good market for a first-time commercial real estate investor?

Surprise offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Surprise?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Surprise. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Surprise?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Surprise. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Surprise compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Surprise. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Surprise acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Surprise, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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