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    107TH Ave & Van Buren St Avondale, AZ 85323

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    107TH Ave & Van Buren St Avondale, AZ 85323

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    • Retail properties & Spaces
    • 36,250 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 107TH Ave & Van Buren St

    Property size
    36,250 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at the intersection of 107th Ave and Van Buren Street in Tolleson, Arizona (zip code 85323), offers 36,250 to 37,028 square feet of space and is zoned C-2. Priced at $950,000, this investment opportunity boasts a prime location less than one mile from Interstate 10's full-diamond interchange, ensuring excellent accessibility. The property benefits significantly from robust residential growth in the immediate area, with planned additions of approximately 607 homes at Roosevelt Park II (northwest corner) and another 379 homes at Vista Del Verde (a quarter-mile south). Adding to the existing 28,700 homes within a three-mile radius, this creates a substantial and expanding customer base. Furthermore, nearby industrial parks contribute to a strong daytime population, fueled by major employers such as Albertsons, Pepsico, Carvana, Fry's Food Stores, Tyson Foods, and Singler. Tolleson's attractive cost of living, 2.8% below the national average, adds to the property's appeal. This presents a compelling investment opportunity in a rapidly developing area with significant potential for long-term growth and high returns. The property is situated in Maricopa County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Avondale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.29
    Latitude
    33.45

    Comparable in this City

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      23,556 SF

      9920 Van Buren St

      Retail properties & Spaces • 23,556 SF
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      0.98 Acres

      Swc Of Van Buren St & Elisio C Felix Jr Way

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      4.85 Acres

      210 Van Buren St

      Retail properties & Spaces • 4.85 Acres
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    • Value Estimation by Request
      99,280 SF

      107th Ave & Van Buren St

      Land • 99,280 SF
      107th Ave & Van Buren St, Avondale, AZ 85323
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    • Value Estimation by Request

      1050 Riley Dr

      SHOPPING CENTER, STRIP CENTER
      1050 Riley Dr, Avondale, AZ 85323-2002
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      35,310 SF

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    • $700,000
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      Avondale Commercial Property on Western

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      Dominant Strip Center For Sale

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      1,680 SF

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      11335 W Buckeye Rd, Avondale, AZ 85323
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      Avondale Land Parcel For Sale

      0.98-acre C-2 zoned land parcel in Avondale, Arizona.
      Swc Of Van Buren St & Elisio C Felix Jr Way, Avondale, AZ 85323
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    Similar Nearby for Lease

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      10,033 SF

      Mixed-Use Site Near I-10

      43-acre mixed-use site near I-10 Freeway.
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      Retail Space Near Interstate 10

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      Established Automotive Shop for Rent

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      9920 W Van Buren St, Avondale, AZ 85323
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      1,500 SF

      Retail Space in Established Neighborhood

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    Avondale, AZ 85323
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    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
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