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Property profile & analytics
OFF-MARKET
Estimated value
$8,240,000
Strip malls
1035 Van Buren St Avondale, AZ 85323-1552
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-1134214
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
CONCRETE
Total area
20,049 SF
Lot
5.28 ac (230,141 SF)
Zoning code
C-2
APN
500-25-014A
UPID
US07-1134214
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 Gems Cheer and Dance Training Center
-
Transworld Business Advisor - Jon Mohatt Business Broker
-
Corliss Tax & Financial Services Tax Preparation
-
New Vizion Tattoo Tattoo & Piercing Shop
-
Sacred Space LLC Community Health Centre
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.66M
Blend (final)
Blend
$8.24M
Owner & transaction history
B & W Rio Estrella Plaza LLC · 20 yrs held
B & W Rio Estrella Plaza LLC
since 2005
2 recorded transactions
Zoning & alternative use
C-2 · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.4M
+80.5%
Auto repair, garage
$8.9M
+40.6%
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
NEIGHBORHOOD: SHOPPING CENTER
$6,330,000
Current use
RESTAURANT
$11,430,000
Change: +81% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,900,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$5,105,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$8.24M
Range $7.42M – $9.06M · ±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
$411 / 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
$57,948
Tax year 2023
Assessed value
$933,982
Assessed 2024
Previous assessed
$807,160
+15.7% YoY
Effective rate
6.20%
On assessed value
Land market value
$1,494,600
Improvement market value
$4,165,900
Total market value
$5,660,500
Applied tax rate
440,100.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
2
Total area
20,049 SF
Lot
5.28 ac (230,141 SF)
Zoning code
C-2
APN
500-25-014A
UPID
US07-1134214
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Avondale, AZ
Zoning C-2 · permitted uses
C-2 · Avondale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Avondale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.3M
RESTAURANT
Est. value
$11.4M
AUTO REPAIR, GARAGE
Est. value
$8.9M
MEDICAL BUILDING
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2006
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
2
Lot
5.28 ac
Current owner
From public records · entity-resolved
B & W Rio Estrella Plaza LLC
Entity
Free & Clear · 20 yrs held
Mailing address
1777 OAKLAND BLVD STE #110, WALNUT CREEK, CA 94596-4096
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
Jan 18, 2006
—
B & W Rio Estrella Plaza LLC
—
Trustees Deed
related
$4,750,000 · M & I Marshall & Isley Bank
Nov 16, 2005
—
B & W Rio Estrella Plaza LLC
B & W Rio Estrella Mini Storage
Quit Claim Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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