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Property profile & analytics
FOR LEASE
Office buildings
1050 E Riley Dr Avondale, AZ 85323
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1323274
For Lease
1 / 3
Contact for pricing
1050 E Riley Dr, Avondale, AZ 85323
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Construction
CONCRETE
Total area
18,405 SF
Lot
3.96 ac (172,483 SF)
Zoning code
A-1
APN
500-26-006
UPID
US07-1323274
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
-
Executive West Building, LLC Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.24M
Comparable Approach
Comparable
$6.41M
Blend (final)
Blend
$5.42M
Owner & transaction history
Riley Property LLC · 4 yrs held
Riley Property LLC
since 2021
Last sale
$4.4M
7 recorded transactions
Zoning & alternative use
A-1 · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
while projecting a highly desirable and unified appearance along public streets. (4) Promote an efficient circulation system that includes attractive streetscapes and functional pedestrian areas. (b) General Industrial (A-1). The purpose of the General Industrial District is to accommodate warehousing, wholesaling, assembly, and heavy manufacturing of an int…
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
1,184.81 ac
Source
code of ordinances
Top alternative use upside
Auto repair, garage
$8.2M
+88.9%
Neighborhood: shopping center
$5.8M
+34.3%
Medical building
$4.7M
+8.3%
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
$5,640,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,675,000
6.5%
$5,240,000
7%
$4,865,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,325,000
Current use
AUTO REPAIR, GARAGE
$8,170,000
Change: +89% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,815,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$4,685,000
Change: +8% · Conversion: Easy
RETAIL STORES
$4,475,000
Change: +3% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,225,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$5.42M
Range $4.87M – $5.96M · ±10% · vs last sale $4.40M (Aug 12 2021)
Last sale anchor
$4.40M
Aug 12 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
$294 / 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
$46,999
Tax year 2023
Assessed value
$723,740
Assessed 2024
Previous assessed
$709,665
+2.0% YoY
Effective rate
6.49%
On assessed value
Land market value
$851,800
Improvement market value
$3,534,500
Total market value
$4,386,300
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2009
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
18,405 SF
Lot
3.96 ac (172,483 SF)
Zoning code
A-1
APN
500-26-006
UPID
US07-1323274
Jurisdiction
MARICOPA
Zoning & alternative use
A-1 · Avondale, AZZoning A-1 · permitted uses
A-1 · Avondale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
while projecting a highly desirable and unified appearance along public streets. (4) Promote an efficient circulation system that includes attractive streetscapes and functional pedestrian areas. (b) General Industrial (A-1). The purpose of the General Industrial District is to accommodate warehousing, wholesaling, assembly, and heavy manufacturing of an intensive nature, often involving open uses and/or storage, large scale machinery and
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
1,184.81 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$8.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$4.7M
RETAIL STORES
Est. value
$4.5M
INDUSTRIAL (GENERAL)
Est. value
$4.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2009
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
3.96 ac
Current owner
From public records · entity-resolved
Riley Property LLC
Entity
Mailing address
20890 W CORA VIS, BUCKEYE, AZ 85396-7538
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2025
—
Riley Property LLC
—
Deed
related
$1,864,000 · West Valley National Bank
Jan 14, 2022
—
Riley Property LLC
—
Deed
related
$2,216,000 · Bbva USA
Oct 7, 2021
—
Riley Property LLC
—
Deed
related
$2,229,000 · Bbva USA
Sep 24, 2021
—
West Properties LLC
—
Deed
related
$750,000 · Horizon Community Bank INC
Aug 12, 2021
$4,400,000
Riley Property LLC
Efmp Holdings LLC
Special Warranty Deed
$2,216,000 · Bbva USA
Sep 23, 2009
—
Efmp Holdings LLC
—
Deed Of Trust
related
$3,000,000 · Enl LLC
Apr 7, 2009
—
Efmp Holdings LLC
Owner Name Unavailable
Grant Deed
related
—
Oct 15, 2007
—
Efmp Holdings LLC
—
Trustees Deed
related
$5,000,000 · Meridian Bank
—
—
Efmp Holdings LLC
—
Deed Of Trust
related
$1,300,000 · B&u Freireich LP
—
—
Efmp Holdings LLC
—
Deed Of Trust
related
$3,000,000 · Arizona Bank & Trust
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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