Avondale Commercial Property on
For Sale
$695,000
703 E Western Ave, Avondale, AZ 85323
Commercial property in Avondale with excellent visibility and flexible zoning.
Property Size3,700 SF
Price / SF$187.84
Days on Market328
Property Features for 703 E Western Ave
General Information
Standard status
Active
Size
3,700 SF
Taxes and HOA fees
Annual Taxes
$3,332
Listing Agency:
eXp Realty
(888) 897-7821
Listed By:
Brisia M. Guzman · License #SA581919000
(602) 367-5287
Source:
Exprealty
Added: Nov 29, 2025
Changed: Oct 9
Last Checked: Oct 21 at 1:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property is located on Western Avenue in the rapidly growing Avondale market. The location offers excellent visibility and steady traffic. The flexible zoning supports a variety of uses, including retail, office, or service-based businesses, and an owner-user setup. The building sits on a usable lot with easy access to Dysart Road, Van Buren, I-10, and surrounding neighborhood traffic. The property is suitable for investors looking for a value-add property or business owners wanting a strategic location in the West Valley. The property size is 3700 square feet. Avondale continues to see strong residential and commercial growth, making this area ideal for long-term appreciation and stability.
Key Highlights
- Excellent visibility and steady traffic on Western Ave.
- Flexible zoning supports retail, office, service‑based business, or owner‑user setup.
- Located in rapidly growing Avondale market.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,651
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$933,020
$933.0K
Cap Rate 7%
$666,443
$666.4K
Cap Rate 9%
$518,344
$518.3K
Market Conditions
NOI Build-Up for 3,700 SF
Gross rent
$70.2K $18.96/SF
− Vacancy
−$3.5K −$0.95/SF
EGI
$66.6K $18.01/SF
− OpEx
−$20.0K −$5.40/SF
NOI
$46.7K $12.61/SF
Area
Maricopa County, AZ
Vacancy
5.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$933,020
Cap Rate 7%
$666,443
Cap Rate 9%
$518,344
Alternative Uses
Best Use
Office B
$917.1K
$802.5K – $1.07M
NOI $64,196 @ 7.0% cap · market cap 9.24%
Second Best
Retail
$666.4K
$583.1K – $777.5K
NOI $46,651 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$1.14M
$1.00M – $1.34M
NOI $80,116 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
Explore this area
Business Placement
Demographics for 85323, AZ
44,632
Population
14,953
Households
3
Avg Household Size
29
Median Age
19%
College-Educated
81%
High-School Grad
17.7 sq mi
ZIP Area
2,522
Density / Sq Mi
$79,903
Median Household Income
$42,634
Median Earnings
$1,625
Median Rent
$335,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial property in Avondale with excellent visibility and flexible zoning.
Where is this commercial land located?
The property is located at 703 E Western Ave Avondale, AZ.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Excellent visibility and steady traffic on Western Ave.; Flexible zoning supports retail, office, service‑based business, or owner‑user setup.; Located in rapidly growing Avondale market.
