Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Avondale Land Parcel For Sale Title is generated by Realmo AI

    1050 E Riley Dr, Avondale, AZ 85323

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land parcel in Avondale, Arizona, near I-10.

    Type:Land, Retail
    Property size:
    35,310 SF
    Price / SF:
    $407/SF
    Added:
    Nov 4, 2022
    Days on Market:
    1311
    Last Refresh:
    May 19 at 9:45 pm

    Property Features for 1050 E Riley Dr

    General Information

    Standard status
    Active
    Size
    35,310 SF
    Property subtype
    Land, Retail

    Building Details

    Year Built
    2009

    We can help!

    Listing Contact
    Gina Faith

    Listing agent Gina Faith License #AZ

    Listing office Realty One Group Goodyear

    Listing date Nov 4, 2022

    Source Crexi

    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 Realty One Group Goodyear

    HighLights

    • Direct access to West Coast ports via I‑10 and Dysart Road interchange.
    • Strategic location for 1‑2 day delivery to numerous large urban areas.
    • Seller leaseback option (5 years) with a 5% cap rate.
    • Additional land available for purchase and expansion.
    • Built in 2009.
    • Currently owner‑occupied.

    Overview

    This property is located 1.5 miles south of the I-10 and Dysart Road interchange, providing access to West Coast ports. The central location offers logistical advantages to industrial users, with the capability to service urban areas within a one and two-day delivery zone. The property is currently owner-occupied. A seller leaseback is available for five years at a 5% cap rate. The seller has additional land attached to this parcel for sale that could be added to the sale of this property. The property size is 35,310 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Executive West Building, ... Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Avondale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.3358866
    Latitude
    33.4395658

    Nearby Similar for Sale

    • $500,000

      Buildable Lot in Avondale, Arizona

      Nearly one-acre lot zoned R1-6, utilities to lot line.
      113 E ELM Lane, Avondale, AZ 85323
      View Details
    • $1,799,000

      Commercial Lot in Avondale, AZ

      Prime commercial lot in a high-traffic area of Avondale.
      127 W MAIN Street, Avondale, AZ 85323
      View Details
    • $799,900

      Avondale Land For Sale

      Commercial land available in Avondale, Arizona.
      12360 W Indian School Road, Avondale, AZ 85392
      View Details
    • $650,000
      2,733 SF

      Avondale Industrial Property with Office

      A-1 zoned industrial property with renovated office and warehouse.
      730 E MAIN Street, Avondale, AZ 85323
      View Details
    • $485,000

      Avondale Commercial Land Assemblage Opportunity

      Prime 0.47-acre commercial land assemblage in Avondale's heart.
      400 E MAIN Street 23, Avondale, AZ 85323
      View Details
    • $142,350

      Land in Growing Avondale Area

      Vacant lot ready for quick build in Avondale, Arizona.
      12417 W Whyman Circle, Avondale, AZ 85323
      View Details
    • $135,000

      Fully Serviced Residential Lot

      Build-ready, fully serviced lot in a desirable R1 area where homes tend to sell quickly.
      11038 W MOHAVE Street, Avondale, AZ 85323
      View Details
    • $700,000
      3,700 SF

      Avondale Commercial Property on Western

      Commercial property in Avondale with excellent visibility and flexible zoning.
      703 E WESTERN Avenue, Avondale, AZ 85323
      View Details
    • $120,000

      Flat Land Lot in Avondale

      Flat land lot, no HOA, close to city amenities.
      12510 W PIONEER Street, Avondale, AZ 85323
      View Details
    • $220,000

      Residential Lot in Avondale, AZ

      Vacant 0.289-acre residential lot suitable for custom home.
      N 107th Avenue, Avondale, AZ 85392
      View Details
    • $950,000
      3,244 SF

      Industrial Property in Opportunity Zone

      Industrial property with storage buildings in a high-growth area.
      100 W Main St, Avondale, AZ
      View Details
    • $690,000
      5,165 SF

      Old Town Avondale Office Building

      Office building in a revitalization district with income potential.
      326 E Western Ave, Avondale, AZ
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land parcel in Avondale, Arizona, near I-10.
    Where is this commercial land located?
    The property is located at 1050 E Riley Dr Avondale, AZ.
    What is the asking price?
    The asking price for this property is $14,389,000.
    What are key features of this property?
    This property features: Direct access to West Coast ports via I‑10 and Dysart Road interchange.; Strategic location for 1‑2 day delivery to numerous large urban areas.; Seller leaseback option (5 years) with a 5% cap rate.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Gina Faith
    Real Estate License ID: AZ
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1050 E Riley Dr, Avondale, AZ 85323
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!