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    Property profile & analytics

    1050 Riley Dr Avondale, AZ 85323

    • Office buildings
    • 18,405 SF
    • 3.96 lot acres
    For Sale
    View listing
    $16,880,000
    Value Estimation
    Last Sale
    Aug 12, 2021
    $4,400,000
    Location Intelligence
    Property ID
    US07-1323274
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Executive West Building, LLC / Construction Company

    Property Details for 1050 Riley Dr

    Year built
    2009
    Construction
    CONCRETE
    Lot size
    3.96 lot acres
    Property size
    18,405 SF
    Zone code
    A-1
    Property type
    Office buildings
    APN
    500-26-006
    APU
    50026006

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,640,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,165,000
      6.5%
      $4,600,000
      7%
      $4,645,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,920,000
      Geo Method
      $4,020,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,085,000
      Retail
      $3,845,000
      Mixed-Use
      $3,820,000
      Hospitality
      $4,730,000
      Educational
      $4,995,000
      Residential Income
      $4,830,000
      Energy
      $3,895,000
      Income-Based Land
      $3,980,000
      Food Service
      $4,325,000

    Location Insight

    • Map
    • Local Demand
    City
    Avondale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.336
    Latitude
    33.4396
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $46,999
    $0.00
    $0.00
    $723,740
    -
    $851,800
    $3,534,500
    $4,386,300

    Comparable in this City

    • Value Estimation by Request
      1,562 SF

      308 Western Ave

      OFFICE BUILDING • 1,562 SF
      308 Western Ave, Avondale, AZ 85323-2348
      View Details
    • Value Estimation by Request
      5,930 SF

      1412 Central Ave

      OFFICE BUILDING • 5,930 SF
      1412 Central Ave, Avondale, AZ 85323-1316
      View Details
    • Value Estimation
      $3,235,000
      5,320 SF

      1419 Eliseo Felix Jr Way

      OFFICE BUILDING • 5,320 SF
      1419 Eliseo Felix Jr Way, Avondale, AZ 85323-1208
      View Details
    • Value Estimation by Request
      3,000 SF

      714 Main St

      OFFICE BUILDING • 3,000 SF
      714 Main St, Avondale, AZ 85323-2738
      View Details
    • Value Estimation by Request
      5,376 SF

      10485 Roosevelt St

      OFFICE BUILDING • 5,376 SF
      10485 Roosevelt St, Avondale, AZ 85323-5006
      View Details
    • Value Estimation by Request
      875 SF

      111 Belmont Dr

      OFFICE BUILDING • 875 SF
      111 Belmont Dr, Avondale, AZ 85323-2323
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $24 SF/Yr
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      Avondale Office Space For Rent

      High-end office space available near I-10 in Avondale, AZ.
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      7,208 SF

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      7,208 SF shop/office building with fenced yard, easy access.
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      78,548 SF

      Avondale Warehouse with Air Conditioning

      78,548 SF warehouse space with full air conditioning for lease.
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      10,033 SF

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      3,000 SF

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      High-traffic location, 3,000 sq ft available.
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    • $0.65 SF/Yr
      40,000 SF

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    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
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