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Property profile & analytics
OFF-MARKET
Estimated value
$2,060,000
Retail space
10285 Mcdowell Rd Avondale, AZ 85392-5012
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-2470737
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Construction
CONCRETE
Total area
5,100 SF
Lot
1.15 ac (50,025 SF)
Zoning code
C-3
APN
102-54-089
UPID
US07-2470737
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Visionworks Gateway Village Physician
-
Tokyo Joe's - Avondale Restaurant
-
TOBIN JACK HALE Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.06M
Blend (final)
Blend
$2.06M
Owner & transaction history
Vp Gateway Village LLC · 10 yrs held
Vp Gateway Village LLC
since 2016
2 recorded transactions
Zoning & alternative use
C-3 · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ed thousand (200,000) gross building square feet. (4) Encourage development that is consistent with the policies and the guidelines established in any specific plan and the General Plan. (e) Freeway Commercial District (C-3). The purpose of the Freeway Commercial (C-3) district is to promote freeway-oriented services and products with a community-wide to reg…
Zone name
Freeway Commercial
General category
COMMERCIAL
Zone area
31.10 ac
Source
code of ordinances
Top alternative use upside
Restaurant
$2.9M
+134.6%
Auto repair, garage
$2.3M
+82.7%
Neighborhood: shopping center
$1.6M
+29.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Avondale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avondale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,240,000
Current use
RESTAURANT
$2,910,000
Change: +135% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,265,000
Change: +83% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,610,000
Change: +30% · Conversion: Moderate
MEDICAL BUILDING
$1,300,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$2.06M
Range $1.85M – $2.27M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$404 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$29,786
Tax year 2023
Assessed value
$244,266
Assessed 2024
Previous assessed
$232,220
+5.2% YoY
Effective rate
12.19%
On assessed value
Land market value
$394,900
Improvement market value
$1,085,500
Total market value
$1,480,400
Applied tax rate
170,100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2016
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
5,100 SF
Lot
1.15 ac (50,025 SF)
Zoning code
C-3
APN
102-54-089
UPID
US07-2470737
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Avondale, AZZoning C-3 · permitted uses
C-3 · Avondale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ed thousand (200,000) gross building square feet. (4) Encourage development that is consistent with the policies and the guidelines established in any specific plan and the General Plan. (e) Freeway Commercial District (C-3). The purpose of the Freeway Commercial (C-3) district is to promote freeway-oriented services and products with a community-wide to regional trade area while avoiding the disruption of less intensive commercial activit
Zone name
Freeway Commercial
General category
COMMERCIAL
Zone area
31.10 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
RESTAURANT
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.3M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Vp Gateway Village LLC
Entity
Mailing address
3026 INDIAN SPGS RD, PARADISE, CA 95969-6172
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2021
—
Jarrett Investment Properties LP
—
Deed
related
$3,437,000 · Desert Financial Cu
Mar 18, 2016
$4,211,224
Vp Gateway Village LLC
Vp 103rd & Mcdowell LLC
Grant Deed
related
$11,250,000 · National Bk/az
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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