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    Nec Of Avondale Blvd & Lower Buckeye Rd Avondale, AZ 85353

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    Nec Of Avondale Blvd & Lower Buckeye Rd Avondale, AZ 85353

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    • Land
    • 8.58 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Nec Of Avondale Blvd & Lower Buckeye Rd

    Lot size
    8.58 lot acres
    Property type
    Land

    Description

    This exceptional 8.58-acre commercial land parcel presents a unique investment opportunity in Avondale, Arizona. Located at the northeast corner of Avondale Boulevard and Lower Buckeye Road, this property boasts a highly desirable C-2 zoning designation, allowing for the development of up to six retail pad sites. The site plan is currently preliminary but adaptable to suit buyer requirements. All site improvements along Avondale Boulevard and Lower Buckeye Road are complete, ensuring a seamless development process. The property benefits from its strategic location, with convenient access to the I-10 Freeway (3 miles north) and the future SR-30 Freeway (approximately 2 miles south). Its proximity to established shopping centers and schools, including a high school less than a quarter-mile away, further enhances its appeal. A significant draw for the intersection will be the completion of a McDonald's restaurant in March 2023. The land is priced at $25 per square foot, offering a compelling value proposition for developers seeking a prime location in a rapidly growing area. This is a truly exceptional opportunity to capitalize on the strong retail demand in this thriving Avondale location. The property's size and zoning make it ideal for a variety of commercial developments.

    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
    -112.306
    Latitude
    33.4209

    Comparable in this City

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      4.50 Acres

      Of The Cor

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      0 Of The Cor, Avondale, AZ 85353
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      - WSWC 99Th Ave

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      - WSWC 99Th Ave, Tolleson, AZ 85353
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      16,480 SF

      99th Ave & Van Buren St

      Land • 16,480 SF
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      1.00 Acre

      99th Ave & Van Buren St

      Land • 1.00 Acre
      99th Ave & Van Buren St, Tolleson, AZ 85353
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      73,278 SF

      107th Ave & Van Buren St

      Land • 73,278 SF
      107th Ave & Van Buren St, Avondale, AZ 85353
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      23,556 SF

      Address Not Disclosed

      Multifamily properties • 23,556 SF
      0 Address Not Disclosed, Tolleson, AZ 85353
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      Land For Sale Tolleson, AZ

      Land available for sale in Tolleson, Arizona.
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      Land Available For Lease

      Land available for lease south of I-10 and Loop 101.
      W Van Buren St, Tolleson, AZ 85353
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      Land For Rent Tolleson

      Land available for rent in Tolleson, Arizona.
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      Interstate 10 Freeway Frontage Land

      Land for sale with frontage on Interstate 10 Freeway.
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      561,802 SF

      Tolleson Commercial Land Opportunity

      Commercial land near major employers and shipping routes in Tolleson.
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      Commercial Land on Lower Buckeye

      Land available for sale or lease on Lower Buckeye.
      9220 W Lower Buckeye Rd, Tolleson, AZ 85353
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    Similar Nearby for Lease

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      Land Available For Lease

      3-acre land parcel available for single tenant lease.
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      Retail Space Available For Rent

      Single tenant retail space available for rent, 1,800 SqFt.
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      Tolleson Pad Site For Sale

      Zoned pad site at signalized intersection near I-10.
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      Tolleson Outparcel Near Planned Freeway

      Approximately 1-acre outparcel in Tolleson, near future SR-30.
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      Land for Lease or BTS

      Land for lease or build-to-suit opportunity near I-10.
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      Commercial Pads Available For Lease

      Commercial land available for ground lease and build to suit.
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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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