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dizposition
Commercial real estate in Arizona — An empty road in the middle of the desert

Sell your commercial property in Arizona

We buy commercial real estate across Arizona, as-is, for cash. Direct principal, no listing, no commission.

Arizona at a glance

Population
7.6M
Job growth
+0.6%
Transfer tax
None
Eff. property tax
0.48%

Data current as of

Markets

Where we buy in Arizona

Market conditions

The Arizona market right now

Our read

Arizona is really two markets and a long tail. Maricopa County is where most of the volume is, and it is being reshaped by the semiconductor buildout: TSMC in north Phoenix, Intel in Chandler, and suppliers such as Amkor following them into the Valley.

Tucson is a real market with a thinner buyer pool, and that difference shows up in pricing more than in asset quality. The Mohave County corridor is a land and build-to-suit market more than a stabilized investment market.

We publish vacancy and cap-rate figures for Arizona only once we have a source we can cite. What we can tell you is how we underwrite: on the lease, the tenant, and what the space would re-lease for, county by county.

Valuation

What your Arizona property is worth

How we price it

Your property is worth its net operating income divided by the cap rate a buyer will accept, and most of the negotiation is about that second number.

Where you land is a function of lease term, tenant credit, rent relative to market, the escalation schedule, and, more than sellers expect, which county the asset sits in. The same building prices wider in Tucson or Mohave County than in Scottsdale, because fewer buyers compete for it.

Arizona's property tax rules help. A sale does not reset taxable value, so your buyer's expense line looks like yours. We show you the NOI we used and the cap rate we applied, line by line.

Capital markets today

10-yr Treasury
5.24%
4.12% a year ago
SOFR
3.87%
4.2% a year ago
30-yr mortgage
7.28%
6.3% a year ago
CRE loan delinquency
1.53%
1.57% a year ago
CRE prices, YoY
6.58%
-2.7% a year ago

Sources: FRED DGS10, 2026-10-01 · FRED SOFR, 2026-10-01 · FRED MORTGAGE30US, 2026-10-01 · FRED DRCRELEXFACBS, 2026-04-01 · FRED COMREPUSQ159N, 2026-01-01

Arizona tax & legal

Arizona has no real estate transfer tax, only a $2 fee per deed, and a sale does not reset your property's taxable value.

Transfer tax
None
Property tax (eff.)
0.48%
1031 conformity
Yes
Closing
Title state

Arizona property tax vs. the 50 states

  • Arizona
  • Other states
  • Median state
  • Effective property tax rate

    0.29%1.88%

    0.48%

    3rd lowest of 50

Effective rates as cited on each state's page; every state's sources include Tax Foundation.

View all states as a table
StateEffective property tax rate
Arizona0.48%
Texas1.40%
Florida0.78%
Alabama0.37%
Alaska0.94%
Arkansas0.56%
California0.70%
Colorado0.50%
Connecticut1.54%
Delaware0.54%
Georgia0.79%
Hawaii0.29%
Idaho0.50%
Illinois1.88%
Indiana0.76%
Iowa1.33%
Kansas1.21%
Kentucky0.74%
Louisiana0.55%
Maine0.98%
Maryland0.92%
Massachusetts1.00%
Michigan1.19%
Minnesota1.00%
Mississippi0.58%
Missouri0.89%
Montana0.61%
Nebraska1.44%
Nevada0.50%
New Hampshire1.50%
New Jersey1.88%
New Mexico0.63%
New York1.30%
North Carolina0.66%
North Dakota0.92%
Ohio1.36%
Oklahoma0.79%
Oregon0.81%
Pennsylvania1.26%
Rhode Island1.12%
South Carolina0.49%
South Dakota1.00%
Tennessee0.52%
Utah0.48%
Vermont1.51%
Virginia0.78%
Washington0.75%
West Virginia0.51%
Wisconsin1.32%
Wyoming0.53%

Statutes

  • Ariz. Const. art. IX, § 24
  • A.R.S. § 11-1132
  • A.R.S. § 11-1133
  • A.R.S. § 42-13301
  • A.R.S. § 42-13302

Arizona is one of the cheapest states in the country to transfer commercial real estate in.

There is no transfer tax and no documentary stamp, and the state constitution bars new ones (art. IX, § 24). You pay a $2 fee per deed under A.R.S. § 11-1132, included in standard recording costs, along with the affidavit of property value required by A.R.S. § 11-1133. That is the extent of the transfer-side friction.

Arizona's effective property tax rate is 0.48%, and a sale does not reset taxable value: limited property value can rise no more than 5% a year (A.R.S. § 42-13301), and a change of owner is not one of the triggers for resetting it. Both facts help your buyer's underwriting, which means both facts help your price.

Arizona conforms to federal 1031 treatment.

What this means

If you're selling in Arizona

  1. No transfer tax to budget for

    Arizona charges no real estate transfer tax, so the largest single closing-cost line in many states does not apply here. On a multimillion-dollar sale that is real money staying with you.

  2. Closes through title, no attorney required

    A title or escrow company handles closing, title insurance, and recording. That usually means a faster close and one less party to coordinate.

  3. 1031 exchange defers state tax too

    Arizona conforms to federal like-kind exchange treatment, so a properly structured 1031 defers both. You must have a qualified intermediary in place before closing — it cannot be arranged afterward.

  4. How the sale affects assessed value

    No. Arizona taxes property on its limited property value, which can rise no more than 5% a year (A.R.S. § 42-13301). A sale is not one of the events that resets it; a change in use, major new construction, or a parcel split or combination is (A.R.S. § 42-13302).

Demand drivers

The Arizona economy

Population

7.6M

Pop. growth

+0.9%

Job growth

+0.6%

Unemployment

4.9%

Net domestic migration

+31,107

Housing permits YTD

29,702

Permits vs last year

-11.3%

Median household income

$81K

How Arizona compares

  • Arizona
  • Other states
  • Median state
  • Job growth, year over year

    -0.9%+1.6%

    +0.6%

    17th highest of 50

  • Population growth

    -0.3%+1.5%

    +0.9%

    8th highest of 50

  • Unemployment rate

    2.0%5.1%

    4.9%

    5th highest of 50

  • Median household income

    $59K$105K

    $81K

    20th highest of 50

View all states as a table
StateJob growth, year over yearPopulation growthUnemployment rateMedian household income
Arizona+0.6%+0.9%4.9%$81K
Texas+1.1%+1.3%4.4%$80K
Florida+0.6%+0.8%4.5%$78K
Alabama+1.1%+0.6%3.4%$67K
Alaska+1.3%+0.1%4.3%$96K
Arkansas+0.6%+0.6%3.9%$62K
California+0.8%-0.0%5.1%$100K
Colorado+0.2%+0.4%4.0%$97K
Connecticut+0.9%+0.4%5.1%$96K
Delaware+0.1%+0.9%4.7%$88K
Georgia-0.1%+0.9%3.2%$80K
Hawaii+0.2%-0.1%2.7%$101K
Idaho+0.9%+1.4%3.6%$81K
Illinois+0.2%+0.1%4.7%$83K
Indiana-0.5%+0.6%3.3%$72K
Iowa+0.0%+0.3%3.2%$76K
Kansas+0.5%+0.4%3.8%$76K
Kentucky-0.1%+0.5%4.7%$65K
Louisiana+1.6%+0.1%4.2%$61K
Maine-0.1%+0.5%3.2%$76K
Maryland-0.2%+0.3%4.1%$103K
Massachusetts+0.2%+0.2%4.3%$105K
Michigan+0.2%+0.3%5.0%$72K
Minnesota+1.4%+0.6%4.4%$87K
Mississippi+0.4%+0.1%3.4%$59K
Missouri+1.1%+0.4%3.5%$72K
Montana-0.9%+0.6%3.2%$75K
Nebraska+0.2%+0.6%2.9%$76K
Nevada+1.3%+0.9%4.8%$81K
New Hampshire+0.2%+0.5%2.8%$100K
New Jersey-0.2%+0.4%4.3%$104K
New Mexico+1.6%-0.1%4.7%$68K
New York-0.0%+0.0%4.3%$86K
North Carolina+1.3%+1.3%3.5%$74K
North Dakota+0.5%+0.8%2.2%$78K
Ohio+0.2%+0.3%3.3%$72K
Oklahoma+0.7%+0.6%4.3%$66K
Oregon-0.8%+0.2%5.1%$85K
Pennsylvania+0.6%+0.1%3.7%$78K
Rhode Island+0.1%+0.4%3.7%$84K
South Carolina+1.6%+1.5%4.1%$72K
South Dakota+0.2%+0.9%2.0%$77K
Tennessee+0.5%+0.9%3.4%$72K
Utah+1.0%+1.0%3.5%$97K
Vermont-0.3%-0.3%2.6%$83K
Virginia-0.9%+0.7%3.6%$92K
Washington+0.4%+0.9%4.9%$99K
West Virginia-0.3%-0.1%4.0%$61K
Wisconsin+0.6%+0.3%3.2%$77K
Wyoming+0.8%+0.3%3.0%$76K

Arizona has about 7.6 million residents and is growing 0.9% a year. Over the latest year it gained a net 31,107 residents from other states, and median household income is $81,486.

The commercial demand story is increasingly a semiconductor story. TSMC's Phoenix campus is one of the largest private industrial investments in the country, Intel runs fabs in Chandler, and the supplier ecosystem following them needs high-power industrial and technical flex space that Arizona's existing stock was not built to provide.

Walmart, Banner Health and Amazon are the state's largest private employers, followed by Wells Fargo, Raytheon and Intel. Banner underwrites a deep medical office market across Maricopa and Pima counties.

The broader economy is steady rather than hot: unemployment is 4.9% and the state added jobs at 0.6% over the past year. On the residential side, residential permits are down 11.3% year to date. Industrial demand here is less a population story than an industrial-policy story.

Largest employers

  • WalmartRetail36,931 full-time
  • Banner HealthHealthcare36,588 full-time
  • AmazonE-commerce & logistics33,000 full-time
  • Wells FargoFinancial services14,315 full-time
  • Raytheon (RTX)Aerospace & defense14,000 full-time
  • IntelSemiconductors13,000 full-time

Industries driving demand

  • Semiconductors

  • Healthcare

  • Logistics

  • Tourism

Sources: U.S. Census Bureau, Population Estimates Program, Vintage 2025 · U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics, August 2026 · U.S. Bureau of Labor Statistics, Current Employment Statistics (total nonfarm, YoY), August 2026 · U.S. Census Bureau, Building Permits Survey (residential units, year to date), January–August 2026 · U.S. Census Bureau, American Community Survey 1-Year Estimates, 2024

Regions

Where Arizona volume happens

  1. 01

    Phoenix / Maricopa County

    The state's largest metro and the center of its semiconductor buildout.

  2. 02

    Tucson / Pima County

    Arizona's second metro, with a smaller buyer pool and demand anchored by the University of Arizona, defense and healthcare.

  3. 03

    Mohave County / Bullhead City

    Smaller markets along the Colorado River and I-40, where we see more land and build-to-suit than stabilized investment sales.

Property types

What we buy in Arizona

Process

How selling to Dizposition works

The full process
  1. Day 0

    01

    Send us the property

    Address, asset type, and the lease if there is one. That is enough for us to start.

  2. 02

    We underwrite it

    Our underwriting runs the income against current Arizona market pricing and the cost of capital. No lowball anchor.

  3. 10 minutes

    03

    You get a firm offer

    In 10 minutes, with the math shown. You will know exactly how we got there.

  4. As fast as 30 days

    04

    Close on your timeline

    As fast as 30 days, or as slow as you need. We are the principal, so the date is yours.

FAQ

Selling commercial property in Arizona

Does Arizona have a real estate transfer tax?

No. Arizona's constitution bars taxes on the transfer of real property (art. IX, § 24). You pay a $2 fee per deed under A.R.S. § 11-1132, included in standard recording costs.

Where in Arizona do you buy?

Statewide. The bulk of our volume is in Maricopa County, but we actively underwrite Tucson and the Mohave County corridor, including build-to-suit and land.

Does Arizona conform to federal 1031 treatment?

Yes. A properly structured exchange defers Arizona tax alongside federal.

Will a sale reset my property taxes in Arizona?

No. Arizona taxes on limited property value, which can rise no more than 5% a year (A.R.S. § 42-13301). A sale is not one of the triggers for resetting it; a change in use, major new construction, or a parcel split or combination is (§ 42-13302).

Does selling reset the property tax assessment in Arizona?

No. Arizona taxes property on its limited property value, which can rise no more than 5% a year (A.R.S. § 42-13301). A sale is not one of the events that resets it; a change in use, major new construction, or a parcel split or combination is (A.R.S. § 42-13302). The effective property tax rate in Arizona is about 0.48%.

Who handles a commercial real estate closing in Arizona?

Arizona is a title state: a title or escrow company typically runs the closing, with attorneys optional. We open title with a national underwriter as soon as terms are agreed.

Is demand for commercial property growing in Arizona?

Arizona's population is growing 0.9% a year and over the latest year it gained a net 31,107 residents from other states. Employers added jobs at 0.6% over the past year, with unemployment at 4.9%, and residential permits are down 11.3% year to date. Those are the inputs behind tenant demand; what they mean for your property depends on its submarket and lease, which is what we underwrite.

How long does it take to sell a commercial property to Dizposition?

You get a firm written offer within 10 minutes of sending us the property. If you accept, you can close in as little as 30 days — most of that is title work and your own timeline. There is no listing period, no marketing, and no waiting on a buyer's financing contingency.

Can I sell my property as-is?

Yes. We are the buyer, so there is no lender requiring repairs and no inspection contingency to renegotiate against you. Deferred maintenance, a failing roof, an aging tank system — we price it into the offer rather than asking you to fix it first.

Can I sell with a tenant in place?

Yes, and in most cases a tenant makes the property more valuable to us, not less. We will ask for the lease, a rent roll, and any estoppel certificates. You do not need to deliver the property vacant.

What if my lease is short-term or about to expire?

Short remaining term is one of the main reasons owners come to us. A conventional buyer needs lease term to get financing, which is why short-dated assets sit on the market. We underwrite the real estate and the backfill prospects rather than the remaining term alone.

What if the property is vacant?

We buy vacant assets. Pricing shifts from an income approach to what the building and land are worth to the next user, which is a different calculation — but it is one we do routinely rather than one that disqualifies the property.

Do I need a broker to sell to you?

No. We buy directly, and there is no commission because there is nothing to market. If you already have a broker, we will pay them. Selling without one saves the commission, but you should understand you are also giving up price discovery — a broker's job is to find out whether someone will pay more than we will.

What documents do I need to get an offer?

The address and the lease are enough to start. To finalize, we will want the rent roll, the last two years of operating statements, the title commitment, any existing survey, and any environmental reports you already have. You do not need an appraisal or a broker package.

How do you determine your offer?

We underwrite in-place income against what the space would re-lease for, adjust for capital needs and any environmental tail, and apply a cap rate supported by comparable transactions. We show you the inputs. If you disagree with an assumption, we would rather argue about the assumption than about the number.

What are typical seller closing costs?

Title and escrow fees, any transfer or recording tax owed in your state, prorated property taxes, and payoff of any existing debt. Because we are the buyer, there is no commission and no marketing cost. Transfer tax varies significantly by state and is often the largest single line.

Will I owe capital gains tax when I sell?

Usually yes, on the gain above your adjusted basis, and depreciation recapture is taxed separately from appreciation. State treatment varies. This is a question for your CPA before you sign, not after — the structure of the sale can change the answer.

Can I do a 1031 exchange?

Yes. A 1031 exchange lets you defer federal capital gains by reinvesting in like-kind property, subject to a 45-day identification window and a 180-day closing window from the date you sell. You must have a qualified intermediary in place before closing — it cannot be arranged afterward. Most states conform to federal treatment, but a few do not.

Can I sell if I am behind on payments or facing foreclosure?

Yes, and speed is the reason to move early rather than late. We can close on a defined date, which is what a lender or a receiver generally needs to see. Send us the payoff figure and any notices you have received.

Can I sell a property I inherited or that is in probate?

Yes. Probate sales take longer because the court timeline governs, not ours, and multiple heirs need to agree on the price before anything can close. We are used to working around both. Inherited property also generally receives a stepped-up basis, which can change the tax math substantially.

What if there is environmental contamination?

Send it anyway. Environmental history is one of the most common reasons a conventional sale falls apart, and it is one of the reasons owners call us. We price the remediation and the residual liability into the offer rather than walking away at the Phase II.

Is there any cost or obligation to get an offer?

None. There is no fee, no listing agreement, and no obligation to accept. If our number does not work for you, you keep the underwriting we showed you and we part ways.

10-minute offer

Ready to sell in Arizona?

Send us the address and the lease. You'll have a firm offer, with the math shown, in 10 minutes.