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Property profile & analytics
OFF-MARKET
Estimated value
$5,970,000
Flex space
1060 Eliseo Felix Jr Way, Avondale, AZ 85323-1211
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US07-0398718
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2005
Construction
CONCRETE
Total area
28,354 SF
Lot
1.79 ac (78,097 SF)
Zoning code
A-1
APN
500-25-030
UPID
US07-0398718
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
-
Full Circle Gym & Fitness Center
-
Arizona Dust Devils Baseball Gym & Fitness Center Sports Field & Court
-
Titan Cargo Agency Freight Service Logistics Company
-
Forever Auto Glass Auto Repair Shop (Bike/Boat/Book/etc) Store
-
C West Entertainment Nightclub Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.97M
Blend (final)
Blend
$5.97M
Owner & transaction history
1060 Eliseo LLC · 13 yrs held
1060 Eliseo LLC
since 2012
3 recorded transactions
Zoning & alternative use
A-1 · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$9.0M
+37.6%
Medical building
$7.2M
+10.9%
Retail stores
$6.9M
+5.9%
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
INDUSTRIAL (GENERAL)
$6,510,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,955,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$7,220,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$6,890,000
Change: +6% · Conversion: Moderate
OFFICE BUILDING
$6,665,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$5.97M
Range $5.37M – $6.57M · ±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
$211 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$27,953
Tax year 2022
Assessed value
$489,291
Assessed 2024
Previous assessed
$405,348
+20.7% YoY
Effective rate
5.71%
On assessed value
Land market value
$455,800
Improvement market value
$2,509,600
Total market value
$2,965,400
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
28,354 SF
Lot
1.79 ac (78,097 SF)
Zoning code
A-1
APN
500-25-030
UPID
US07-0398718
Jurisdiction
MARICOPA
Zoning & alternative use
A-1 · Avondale, AZ
Zoning 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
Avondale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.0M
MEDICAL BUILDING
Est. value
$7.2M
RETAIL STORES
Est. value
$6.9M
OFFICE BUILDING
Est. value
$6.7M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
OFFICE 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
2005
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
1060 Eliseo LLC
Entity
Mailing address
20701 N SCOTTSDALE RD STE #107, SCOTTSDALE, AZ 85255-6413
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2012
$945,000
1060 Eliseo LLC
Liberty Capitalpartners II LLC
Special Warranty Deed
$614,250 · Wells Fargo Bank NA
Dec 30, 2010
—
Johnson Bk
Black Hat Riverwest LLC
Deed In Lieu Of Foreclosure
related
—
Jun 8, 2010
$895,000
Liberty Capital Ptrs II LLC
Security Title Agency INC
Trustees 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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