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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Office buildings
10320 Mcdowell Rd Avondale, AZ 85392-4863
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-2090151
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
CONCRETE
Total area
4,672 SF
Lot
0.03 ac (1,140 SF)
Zoning code
C-0
APN
102-32-073
UPID
US07-2090151
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
-
Arizona Southwest Construction Inc Construction Company General Contractor
-
Lynette 'Action' Jackson - Realtor®, RE/MAX, Certified Residential Specialist, Certified Probate Real Estate Specialist Real Estate Agency
-
In His Presence Christian Center Home Decor Store Party Supply Store
-
Palm Valley Family Dentistry Dental Office
-
Lora G. Johnson Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$764k
Blend (final)
Blend
$930k
Owner & transaction history
Gateway 103rd Avenue LLC · 5 yrs held
Gateway 103rd Avenue LLC
since 2021
Last sale
$950,000
4 recorded transactions
Zoning & alternative use
C-0 · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Neighborhood: shopping center
$1.5M
+34.3%
Medical building
$1.2M
+8.3%
Retail stores
$1.1M
+3.4%
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
$1,215,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,100,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,475,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$1,190,000
Change: +8% · Conversion: Easy
RETAIL STORES
$1,135,000
Change: +3% · Conversion: Moderate
WAREHOUSE, STORAGE
$955,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10% · vs last sale $950k (Jan 5 2021)
Last sale anchor
$950k
Jan 5 2021
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
$199 / 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
$4,023
Tax year 2023
Assessed value
$48,378
Assessed 2024
Previous assessed
$40,052
+20.8% YoY
Effective rate
8.32%
On assessed value
Land market value
$58,600
Improvement market value
$234,600
Total market value
$293,200
Applied tax rate
920,100.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
4,672 SF
Lot
0.03 ac (1,140 SF)
Zoning code
C-0
APN
102-32-073
UPID
US07-2090151
Jurisdiction
MARICOPA
Zoning & alternative use
C-0 · Avondale, AZZoning C-0 · permitted uses
C-0 · Avondale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$955,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Gateway 103rd Avenue LLC
Entity
Mailing address
2235 N 35TH AVE, PHOENIX, AZ 85009-2349
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2021
$950,000
Gateway 103rd Avenue LLC
Frank Russo LLC
Special Warranty Deed
$760,000 · Wells Fargo Bank NA
Dec 7, 2018
—
Nathan C Martinez
Nate & Franks Big Avondale
Quit Claim Deed
related
—
May 14, 2015
—
Frank Russo
Russo Rhonda
Quit Claim Deed
related
—
Sep 10, 2004
$627,900
Nathan C Martinez
Greenfield LLC
Grant Deed
$641,836 · First National Bank Arizona
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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