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Property profile & analytics
OFF-MARKET
Estimated value
$29,400,000
Flex space
1205 Eliseo Felix Jr Way, Avondale, AZ 85323-1231
Entity Owned
Absentee Owner
Free & Clear
Property ID
US07-1560051
Property summary
AI-generated overview
This exceptional Avondale, Arizona industrial property, located at 1205 N Eliseo Felix Jr Way, offers 4,000 square feet of immediately available space within a larger 10,000 square foot building. The property is part of the Hamilton Commerce Center, a multi-building complex situated on 5 acres of land. The building, constructed in 2020, features a single story with 24-foot ceilings, providing ample vertical space for various industrial uses. The available space is ideal for manufacturing, warehousing, distribution, or research and development activities. Three loading docks and three dock-high doors ensure efficient loading and unloading, complemented by one drive-in door and six total parking spaces. The property boasts 500 amps of power. The zoning is A-1. This space is a sublet opportunity within a larger tenancy, sharing the building with an established steel frame modular home builder. The property is conveniently located near the intersection of Eliseo Felix Jr Way and Van Buren in Avondale, AZ 85323. This is a rare opportunity to secure high-quality industrial space in a prime location.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2020
Total area
70,250 SF
Lot
16.29 ac (709,614 SF)
APN
500-32-032A
UPID
US07-1560051
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
-
Ark Fabrication Auto Body Parts Supplier Car Accessories Store
-
Elliott Electric Supply - Avondale, AZ Building Supply Electrical Service
-
Elliott Electric Supply Building Supply Electrical Service
-
ShipWizard USA Shipping Company Freight Service
-
Aramark Uniform Services (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$29.40M
Blend (final)
Blend
$29.40M
Owner & transaction history
BRHP OZ JV II LLC
BRHP OZ JV II LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$40.1M
+148.3%
Auto repair, garage
$31.2M
+93.4%
Neighborhood: shopping center
$22.2M
+37.6%
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
RESTAURANT
$40,050,000
Change: +148% · Conversion: Difficult
AUTO REPAIR, GARAGE
$31,190,000
Change: +93% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$22,185,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$17,885,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$29.40M
Range $26.46M – $32.34M · ±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
$419 / 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
$344,649
Tax year 2023
Assessed value
$5,400,450
Assessed 2024
Previous assessed
$4,448,713
+21.4% YoY
Effective rate
6.38%
On assessed value
Land market value
$2,600,700
Improvement market value
$30,129,300
Total market value
$32,730,000
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
2020
Buildings
3
Stories
1
Total area
70,250 SF
Lot
16.29 ac (709,614 SF)
APN
500-32-032A
UPID
US07-1560051
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$40.1M
AUTO REPAIR, GARAGE
Est. value
$31.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$22.2M
MEDICAL BUILDING
Est. value
$17.9M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL 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
2020
Stories
1
Buildings
3
Lot
16.29 ac
Current owner
From public records · entity-resolved
BRHP OZ JV II LLC
Entity
Free & Clear · 0 yrs held
Mailing address
222 S MAIN ST STE #1760, SALT LAKE CITY, UT 84101-2140
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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