New search
Property profile & analytics
OFF-MARKET
Estimated value
$12,775,000
Flex space
1050 Fairway Dr, Avondale, AZ 85323-5206
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-0771947
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2007
Construction
CONCRETE
Total area
30,532 SF
Lot
24.46 ac (1,065,355 SF)
Zoning code
PAD
APN
500-02-081
UPID
US07-0771947
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
-
LilacShade Corp Clothing & Fashion Store
-
AC Medics Avondale Hardware & Home Improvement HVAC Service
-
RediPump LLC Building Supply
-
Bondline Products Production Facility Factory
-
West Tech Equipment Inc. Water Works Equipment Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.78M
Blend (final)
Blend
$12.78M
Owner & transaction history
A1 Desert Investments LLC · 6 yrs held
A1 Desert Investments LLC
since 2020
4 recorded transactions
Zoning & alternative use
PAD · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.4M
+148.3%
Auto repair, garage
$13.6M
+93.4%
Neighborhood: shopping center
$9.6M
+37.6%
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
RESTAURANT
$17,405,000
Change: +148% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,555,000
Change: +93% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$9,645,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$7,775,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$12.78M
Range $11.50M – $14.05M · ±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
$418 / 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
$252,561
Tax year 2023
Assessed value
$5,424,293
Assessed 2024
Previous assessed
$4,079,456
+33.0% YoY
Effective rate
4.66%
On assessed value
Land market value
$6,172,600
Improvement market value
$26,701,900
Total market value
$32,874,500
Applied tax rate
650,100.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
NONE
Buildings
9
Stories
1
Units
9
Total area
30,532 SF
Lot
24.46 ac (1,065,355 SF)
Zoning code
PAD
APN
500-02-081
UPID
US07-0771947
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Avondale, AZ
Zoning PAD · permitted uses
PAD · 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
RESTAURANT
Est. value
$17.4M
AUTO REPAIR, GARAGE
Est. value
$13.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.6M
MEDICAL BUILDING
Est. value
$7.8M
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
2007
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
9
Units
9
Lot
24.46 ac
Current owner
From public records · entity-resolved
A1 Desert Investments LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2122 E HIGHLAND AVE STE #400, PHOENIX, AZ 85016-4752
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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 22, 2020
—
A1 Desert Investments LLC
Clod LLC
Grant Deed
related
—
Feb 8, 2018
$18,750,000
Avondale Commerce LLC
1050 N El Mirage Road-avon
Grant Deed
—
Dec 9, 2009
$7,000,000
1050 N El Mirage Road-avondale
Miner Don J
Trustees Deed
—
Aug 30, 2007
—
Avondale Commerce Ctr Ph II Ll
Owner Name Unavailable
Grant Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1050 Fairway Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
