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    1050 E Riley Dr Avondale, AZ 85323
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    Property profile & analytics

    1050 E Riley Dr, Avondale, AZ 85323

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    • Office buildings
    • 18,405 SF
    • 3.96 lot acres
    For Sale
    $14,389,000
    View Listing →
    Avondale Land Parcel For Sale For Sale
    $14,389,000
    35,310 SF

    Avondale Land Parcel For Sale

    Land parcel in Avondale, Arizona, near I-10.

    1050 E Riley Dr, Avondale, AZ 85323
    View Listing
    Property ID
    US07-1323274
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    6%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Executive West Building, LLC / Construction Company

    Property Details for 1050 E Riley Dr

    Year built
    2009
    Construction
    CONCRETE
    Lot size
    3.96 lot acres
    Zone code
    A-1
    Property type
    Office buildings
    APN
    500-26-006
    APU
    50026006

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,640,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,675,000
      6.5%
      $5,240,000
      7%
      $4,865,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,412,000
      Market price range: $1.73M - $6.41M
      AI Estimate
      $6,412,000
      Market price range: $1.73M - $6.41M

    • 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

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Avondale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.336
    Latitude
    33.4396
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $46,999
    $0.00
    $0.00
    $723,740
    -
    $851,800
    $3,534,500
    $4,386,300

    Comparable in this City

    • Value Estimation
      $545,000
      1,562 SF

      308 Western Ave

      OFFICE BUILDING
      308 Western Ave, Avondale, AZ 85323-2348
      View Details
    • Value Estimation
      $2,035,000
      5,930 SF

      1412 Central Ave

      OFFICE BUILDING
      1412 Central Ave, Avondale, AZ 85323-1316
      View Details
    • Value Estimation
      $2,340,000
      5,320 SF

      1419 Eliseo Felix Jr Way

      OFFICE BUILDING
      1419 Eliseo Felix Jr Way, Avondale, AZ 85323-1208
      View Details
    • Value Estimation
      $1,185,000
      4,390 SF

      525 Central Ave

      OFFICE BUILDING
      525 Central Ave, Avondale, AZ 85323-1908
      View Details
    • Value Estimation
      $580,000
      1,664 SF

      11175 Roosevelt St

      OFFICE BUILDING
      11175 Roosevelt St, Avondale, AZ 85323-5010
      View Details
    • Value Estimation by Request
      272,180 SF

      10695 Pierce St

      OFFICE BUILDING
      10695 Pierce St, Avondale, AZ 85323-7946
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,165 SF

      Old Town Avondale Office Building

      Office building in a revitalization district with income potential.
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      View Details
    • Contact for pricing
      39,650 SF

      Avondale Commons: Office Condos

      Luxury AZ Office/Medical Condos, 2025 Delivery
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      2,733 SF

      Avondale Industrial Property with Office

      A-1 zoned industrial property with renovated office and warehouse.
      730 E Main St, Avondale, AZ 85323
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      3,700 SF

      Avondale Commercial Property on Western

      Commercial property in Avondale with excellent visibility and flexible zoning.
      703 E Western Ave, Avondale, AZ 85323
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      Avondale Commercial Land For Sale

      Commercial land in Avondale, Arizona, near I-10 freeway.
      2730 S 113Th Ave, Avondale, AZ 85323
      View Details
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      Avondale Commercial Lot on Main

      Commercial lot in high-traffic area near shopping and freeway.
      127 W Main St, Avondale, AZ 85323
      View Details

    Similar Nearby for Lease

    • New
      Contact for pricing
      78,548 SF

      Divisible Warehouse with End-Cap Offices

      High-clear warehouse with divisible space, LED lighting, end-cap offices, and a fenced common truck court.
      1050 E Riley Dr, Avondale, AZ 85323
      View Details
    • Contact for pricing
      7,208 SF

      Avondale Shop/Office Building For Rent

      7,208 SF shop/office building with fenced yard, easy access.
      111 N Dysart Rd, Avondale, AZ 85323
      View Details
    • Contact for pricing

      Office Space Near City Services

      Office space strategically located near public services in Avondale, AZ.
      506 E Western Ave, Avondale, AZ 85323
      View Details
    • Contact for pricing
      3,939 SF

      Avondale Office Space For Rent

      High-end office space available near I-10 in Avondale, AZ.
      506 E Western Ave, Avondale, AZ 85323
      View Details
    • Contact for pricing

      Avondale Retail Space Available

      Retail space available in Avondale, Arizona.
      725 N Central Ave, Avondale, AZ 85323
      View Details
    • Contact for pricing

      1.1 Acre Hard Corner Land

      1.1 acre commercial land with drive-thru potential.
      10701 W Buckeye Rd, Avondale, AZ 85323
      View Details
    View Listing
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    Avondale, AZ 85323
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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