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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    111 Belmont Dr Avondale, AZ 85323-2323

    • Office buildings
    • 875 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1139468
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 111 Belmont Dr

    Year built
    1945
    Construction
    STEEL FRAME
    Lot size
    0.07 lot acres
    Property size
    875 SF
    Zone code
    OTAB
    Property type
    Office buildings
    APN
    500-44-013
    APU
    50044013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Avondale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.348
    Latitude
    33.435
    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
    $1,241
    $0.00
    $0.00
    $20,149
    -
    $46,400
    $75,714
    $122,114

    Comparable in this City

    • Value Estimation
      $545,000
      1,562 SF

      308 Western Ave

      OFFICE BUILDING • 1,562 SF
      308 Western Ave, Avondale, AZ 85323-2348
      View Details
    • Value Estimation
      $2,035,000
      5,930 SF

      1412 Central Ave

      OFFICE BUILDING • 5,930 SF
      1412 Central Ave, Avondale, AZ 85323-1316
      View Details
    • Value Estimation
      $2,340,000
      5,320 SF

      1419 Eliseo Felix Jr Way

      OFFICE BUILDING • 5,320 SF
      1419 Eliseo Felix Jr Way, Avondale, AZ 85323-1208
      View Details
    • Value Estimation
      $965,000
      3,000 SF

      714 Main St

      OFFICE BUILDING • 3,000 SF
      714 Main St, Avondale, AZ 85323-2738
      View Details
    • Value Estimation
      $1,875,000
      5,376 SF

      10485 Roosevelt St

      OFFICE BUILDING • 5,376 SF
      10485 Roosevelt St, Avondale, AZ 85323-5006
      View Details
    • Value Estimation
      $11,275,000
      32,365 SF

      395 Lowr Buckeye Rd

      OFFICE BUILDING • 32,365 SF
      395 Lowr Buckeye Rd, Avondale, AZ 85323-2845
      View Details

    Similar Nearby for Sale

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      Old Town Avondale Office Building

      Office building in a revitalization district with income potential.
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      39,650 SF

      Avondale Commons: Office Condos

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      15.28 Acres

      Avondale Commercial Land Opportunity

      15-Acre Commercial Lot, Prime Location
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    • $219,900
      1.00 Acre

      Acre Lot in Avondale, AZ

      Acre lot suitable for livestock, custom home, or ranch.
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    • $50,000
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      Avondale Land Parcel For Sale

      Land parcel in a fast-growing area with excellent potential.
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    • $500,000
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      Buildable Lot in Avondale, Arizona

      Nearly one-acre lot zoned R1-6, utilities to lot line.
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    Similar Nearby for Lease

    • $24 SF/Yr
      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
      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
      3,000 SF

      Avondale Retail Space For Lease

      High-traffic location, 3,000 sq ft available.
      1555 Dysart Rd, Avondale, AZ 85323
      View Details
    • Contact for pricing

      Improved Pad Site For Rent

      Fully improved pad site near Interstate 10 and Avondale.
      160 N Avondale Blvd, Avondale, AZ 85323
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    • Contact for pricing
      1,680 SF

      Retail Space in Avondale Center

      Retail space for rent in neighborhood center near I-10.
      11335 W Buckeye Rd, Avondale, AZ 85323
      View Details
    • $0.65 SF/Yr
      40,000 SF

      Avondale Warehouse with Air Conditioning

      40,000 SF Class A warehouse space for lease.
      855 N 107Th Ave, Avondale, AZ 85323
      View Details
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    111 Belmont Dr
    Avondale, AZ 85323-2323
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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.

    More about this property
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