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    1050 Riley Dr Avondale, AZ 85323

    Sponsored
    For Sale
    $16,880,000

    Prime Avondale Retail Land, 5% Cap Rate

    Property size:
    35,310 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.96-acre commercial land parcel, located at 1050 E Riley Dr, Avondale, AZ 85323 (APN 500-26-006), presents a compelling investment opportunity. The property boasts a 35,310 square foot building constructed in 2009, currently owner-occupied, and zoned A-1 Light Industrial. Offered at $16,880,000, this represents a price per square foot of $600 and a compelling 5% cap rate. The single-story building enjoys a strategic location just 1.5 miles south of the I-10 and Dysart Road interchange, providing easy access to West Coast ports and significant logistical advantages for industrial users. Its central location allows efficient service to numerous large urban areas within a one- to two-day delivery radius. A five-year seller leaseback is available. Importantly, the seller also owns adjacent land that could be included in the sale, providing potential for expansion. Detailed information is available upon request.

    Property Features for 1050 Riley Dr

    General Information

    Property type
    Retail properties
    Square Feet
    35,310 SF
    Lot Size
    172,498 SF

    Building Details

    Year Built
    2009
    Stories
    1

    HighLights

    • $16,880,000 asking price.
    • 35,310 square foot land and retail property.
    • $600 per square foot.
    • 5.00% cap rate.
    • 2009 construction year.
    • One‑story building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Executive West Building, ... Construction Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Avondale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.3359191
    Latitude
    33.4393374

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    FAQs

    What type of property is this?
    Retail property - Prime Avondale Retail Land, 5% Cap Rate
    Where is this retail property located?
    The property is located at 1050 Riley Dr Avondale, AZ.
    What is the asking price?
    The asking price for this property is $16,880,000.
    What are key features of this property?
    This property features: $16,880,000 asking price.; 35,310 square foot land and retail property.; $600 per square foot.
    Request Owner's contact information
    1050 Riley Dr Avondale, AZ 85323
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    Realmo Value Estimation

    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.

    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.

    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
    1050 Riley Dr Avondale, AZ 85323
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