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    107th Ave & Van Buren St Avondale, AZ 85353

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    107th Ave & Van Buren St Avondale, AZ 85353

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    • Retail properties & Spaces
    • 73,278 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
    73,278 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional commercial property, located at the intersection of 107th Avenue and Van Buren Street in Tolleson, Arizona (zip code 85353), offers a significant retail opportunity. The property encompasses 4.6 acres of land zoned C-2, Tolleson, within Maricopa County. The total building size is 73,278 square feet, currently fully vacant and divisible into two suites. Individual spaces range from a minimum of 36,250 square feet to a maximum contiguous space of 37,028 square feet, providing flexibility for various retail concepts. The property benefits from its strategic location less than a mile from Interstate 10's full-diamond interchange, ensuring excellent accessibility and high visibility. The area boasts strong residential growth, with planned additions of approximately 607 homes at the Northwest corner and another 379 homes a quarter mile south, complementing the existing 28,700 homes within a 3-mile radius. Nearby industrial parks contribute to a robust daytime population, and the area is home to notable employers such as Albertsons, PepsiCo, Carvana, Fry's Food, Tyson Foods, and Singler. Tolleson offers a favorable cost of living, 2.8% lower than the national average, making it an attractive location for businesses and employees alike. This property presents a unique chance to establish a significant retail presence in a rapidly growing area.

    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
      16,480 SF

      99th Ave & Van Buren St

      Land • 16,480 SF
      99th Ave & Van Buren St, Tolleson, AZ 85353
      View Details
    • Value Estimation by Request
      1.00 Acre

      99th Ave & Van Buren St

      Land • 1.00 Acre
      99th Ave & Van Buren St, Tolleson, AZ 85353
      View Details
    • Value Estimation by Request
      23,556 SF

      Address Not Disclosed

      Multifamily properties • 23,556 SF
      0 Address Not Disclosed, Tolleson, AZ 85353
      View Details
    • Value Estimation by Request
      0.60 Acres

      99th Ave & Van Buren St

      Restaurants • 1,180 SF
      99th Ave & Van Buren St, Tolleson, AZ 85353
      View Details
    • Value Estimation by Request
      4.50 Acres

      Of The Cor

      Individual retail properties • 1 SF
      0 Of The Cor, Avondale, AZ 85353
      View Details
    • Value Estimation by Request
      8.58 Acres

      Nec Of Avondale Blvd & Lower Buckeye Rd

      Land • 8.58 Acres
      0 Nec Of Avondale Blvd & Lower Buckeye Rd, Avondale, AZ 85353
      View Details

    Similar Nearby for Sale

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      2,262 SF

      Retail Property For Sale

      Retail property available for purchase.
      11420 W Lower Buckeye Rd, Avondale, AZ 85353
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      1,470 SF

      Freestanding Starbucks with Drive-Thru

      New 15-year corporate guaranteed net lease Starbucks investment property.
      1207 N 91St Ave, Tolleson, AZ 85353
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      2,400 SF

      New Starbucks with Drive-Thru

      New construction Starbucks with a corporate guaranty and drive-thru.
      525 N 99Th Ave, Tolleson, AZ 85353
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      Land For Sale Tolleson, AZ

      Land available for sale in Tolleson, Arizona.
      2801 S 107Th Ave, Tolleson, AZ 85353
      View Details
    • Contact for pricing

      Land Available For Lease

      Land available for lease south of I-10 and Loop 101.
      W Van Buren St, Tolleson, AZ 85353
      View Details
    • Contact for pricing

      Land For Rent Tolleson

      Land available for rent in Tolleson, Arizona.
      9814 W Van Buren St, Tolleson, AZ 85353
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land for Lease

      Commercial land available for lease in Tolleson, Arizona.
      99th Ave & Van Buren St, Tolleson, AZ 85353
      View Details
    • Contact for pricing

      Land Available For Lease

      3-acre land parcel available for single tenant lease.
      East Of The Cor Southeast, Tolleson, AZ 85353
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available for rent, 1,800 SqFt.
      220 N 83Rd Ave, Tolleson, AZ 85353
      View Details
    • Contact for pricing

      Retail Space in Tolleson

      Retail space available in Tolleson, near Phoenix.
      9165 W Van Buren St, Tolleson, AZ 85353
      View Details
    • Contact for pricing
      2,590 SF

      Retail Space in Tolleson, AZ

      Retail space available in Tolleson, anchored by national tenants.
      9870 W Lower Buckeye Rd, Tolleson, AZ 85353
      View Details
    • Contact for pricing
      30,000 SF

      Tolleson Retail Space Available

      30,000 sqft retail space for lease in Tolleson, AZ.
      9820-9870 W Lower Buckeye Rd, Tolleson, AZ 85353
      View Details
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    Avondale, AZ 85353
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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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