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Property profile & analytics
OFF-MARKET
Estimated value
$3,450,000
Warehouses
11328 Buckeye Rd Avondale, AZ 85323
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-1277270
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1944
Construction
STEEL FRAME
Total area
19,200 SF
Lot
12.15 ac (529,389 SF)
Zoning code
C-3
APN
101-01-008B
UPID
US07-1277270
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.45M
Owner & transaction history
11328 Buckeye Road LLC · 3 yrs held
11328 Buckeye Road LLC
since 2022
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
C-3 · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ed thousand (200,000) gross building square feet. (4) Encourage development that is consistent with the policies and the guidelines established in any specific plan and the General Plan. (e) Freeway Commercial District (C-3). The purpose of the Freeway Commercial (C-3) district is to promote freeway-oriented services and products with a community-wide to reg…
Zone name
Freeway Commercial
General category
COMMERCIAL
Zone area
31.10 ac
Source
code of ordinances
Top alternative use upside
Medical building
$4.9M
+24.4%
Retail stores
$4.7M
+18.8%
Office building
$4.5M
+14.9%
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
$3,565,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,290,000
6.5%
$3,035,000
7%
$2,820,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,930,000
Current use
MEDICAL BUILDING
$4,890,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$4,665,000
Change: +19% · Conversion: Moderate
OFFICE BUILDING
$4,515,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$3.45M
Range $3.11M – $3.80M · ±10% · vs last sale $3.60M (Aug 31 2022)
Last sale anchor
$3.60M
Aug 31 2022
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
$180 / 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
$46,083
Tax year 2023
Assessed value
$633,261
Assessed 2024
Previous assessed
$499,617
+26.7% YoY
Effective rate
7.28%
On assessed value
Land market value
$3,170,500
Improvement market value
$825,973
Total market value
$3,996,473
Applied tax rate
650,000.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1944
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
19,200 SF
Lot
12.15 ac (529,389 SF)
Zoning code
C-3
APN
101-01-008B
UPID
US07-1277270
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Avondale, AZZoning C-3 · permitted uses
C-3 · Avondale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ed thousand (200,000) gross building square feet. (4) Encourage development that is consistent with the policies and the guidelines established in any specific plan and the General Plan. (e) Freeway Commercial District (C-3). The purpose of the Freeway Commercial (C-3) district is to promote freeway-oriented services and products with a community-wide to regional trade area while avoiding the disruption of less intensive commercial activit
Zone name
Freeway Commercial
General category
COMMERCIAL
Zone area
31.10 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$4.9M
RETAIL STORES
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.5M
WAREHOUSE, STORAGE Current
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
1944
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
12.15 ac
Current owner
From public records · entity-resolved
11328 Buckeye Road LLC
Entity
Mailing address
15030 N HAYDEN RD STE #115, SCOTTSDALE, AZ 85260-2564
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2022
—
11328 Buckeye Road LLC
City Of Phoenix
Quit Claim Deed
related
—
Apr 9, 2021
$3,600,000
11328 Buckeye Road LLC
Cw Englund Cashion LLC
Special Warranty Deed
$2,520,000 · Firstbank
Aug 14, 2019
—
Cw Englund Cashion LLC
—
Deed
related
$2,000,000 · Sf V Bridge III LP
Jan 3, 2017
—
Cw Englund Cashion LLC
—
Deed
related
$75,000 · Western State Bank
Jun 30, 2016
—
Cw Englund Cashion LLC
—
Deed
related
$1,200,000 · Western St Bk
Apr 23, 2009
—
C W Englund Cashion LLC
Owner Name Unavailable
Grant Deed
related
—
Jul 7, 2008
—
Englund Family Trust
Englund C W M D Trust
Quit Claim Deed
related
—
—
—
Cw Englund Cashion LLC
—
Deed Of Trust
related
$1,380,200 · National Bk/az
—
—
Cw Englund Cashion LLC
—
Deed Of Trust
related
$2,000,000 · Sf V Bridge III LP
—
—
Cw Englund Cashion LLC
—
Deed Of Trust
related
$1,200,000 · Western St Bk
—
—
Cw Englund Cashion LLC
—
Loan Modification
related
$230,200 · National Bk/az
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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