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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
    • 99,280 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
    99,280 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional retail opportunity presents two available drive-thru pads, totaling 99,280 square feet, situated at the highly visible intersection of 107th Avenue and Van Buren Street in Avondale, Arizona. The property is zoned for commercial use and offers significant flexibility for various retail concepts. City approvals are already in place, streamlining the development process. Each pad offers a minimum divisible space of 34,122 square feet, with a maximum contiguous space of 65,158 square feet. The entire 99,280 square foot parcel is currently vacant, providing a unique chance to establish a substantial retail presence in a rapidly growing area. Located in Maricopa County, Arizona, with a zip code of 85323, this property benefits from excellent visibility and accessibility, making it an ideal location for businesses seeking high traffic volume. The property's strategic location ensures strong exposure to a large customer base. This is a rare opportunity to secure prime retail space in a thriving market. The existing city approvals significantly reduce development time and costs, allowing for a quicker return on investment. Contact us today to learn more about this exceptional retail opportunity.

    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

    • Value Estimation by Request
      25,000 SF

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      Land • 25,000 SF
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    • Value Estimation by Request
      0.98 Acres

      Swc Of Van Buren St & Elisio C Felix Jr Way

      Land • 0.98 Acres
      0 Swc Of Van Buren St & Elisio C Felix Jr Way, Avondale, AZ 85323
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    • Value Estimation by Request
      1 SF

      Swc Of Van Buren St And Avondale Blvd

      Individual retail properties • 1 SF
      0 Swc Of Van Buren St And Avondale Blvd, Avondale, AZ 85323
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    • Value Estimation by Request
      23,556 SF

      9920 Van Buren St

      Retail properties & Spaces • 23,556 SF
      9920 Van Buren St, Avondale, AZ 85323
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    • Value Estimation by Request
      2.09 Acres

      Swc Dysart Rd & Van Buren St

      Land • 2.09 Acres
      0 Swc Dysart Rd & Van Buren St, Avondale, AZ 85323
      View Details
    • Value Estimation by Request
      15.28 Acres

      Avondale Blvd & Broadway Rd

      Land • 15.28 Acres
      0 Avondale Blvd & Broadway Rd, Avondale, AZ 85323
      View Details

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      35,310 SF

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      Land Available in Avondale, AZ

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      Prime Corner Land for Lease

      1.1 acre corner lot with drive-thru potential.
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      Land For Sale

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      S Swc Dysart Rd & Van Buren St, Avondale, AZ 85323
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      1,680 SF

      Retail Space in Avondale Center

      Retail space for rent in neighborhood center near I-10.
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    Similar Nearby for Lease

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      Prime Retail Space Available

      Retail space in well-established Avondale neighborhood near major landmarks.
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      Retail Space in Avondale Commons

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      Mixed-Use Site Near I-10

      43-acre mixed-use site near I-10 Freeway.
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      Improved Pad Site For Rent

      Fully improved pad site near Interstate 10 and Avondale.
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      Avondale Retail Space Available

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      Retail Site Near Interstate 10

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      9920 W Van Buren St, Avondale, AZ 85323
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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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