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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Grocery and convenience stores
12301 Lowr Buckeye Rd Avondale, AZ 85323-9768
Entity Owned
5-yr Hold
Free & Clear
Property ID
US07-1080671
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1977
Construction
CONCRETE
Total area
2,790 SF
Lot
0.48 ac (20,691 SF)
Zoning code
C-2
APN
500-65-005E
UPID
US07-1080671
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
$720k
Comparable Approach
Comparable
$958k
Blend (final)
Blend
$1.08M
Owner & transaction history
4550 Grand LLC · 5 yrs held
4550 Grand LLC
since 2021
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
C-2 · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
y thousand (70,000) gross building square feet. (5) Encourage development that is consistent with the policies and the guidelines established in any specific plan and the General Plan. (d) Community Commercial District (C-2). The purpose of the Community Commercial (C-2) district is to accommodate development of commercial complexes providing goods and servi…
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
386.29 ac
Source
code of ordinances
Top alternative use upside
Auto repair, garage
$1.2M
+40.6%
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
$1,080,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$785,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$880,000
Current use
AUTO REPAIR, GARAGE
$1,240,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$710,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±10% · vs last sale $1.08M (May 11 2021)
Last sale anchor
$1.08M
May 11 2021
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
$387 / 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
$5,892
Tax year 2022
Assessed value
$104,366
Assessed 2024
Previous assessed
$95,540
+9.2% YoY
Effective rate
5.65%
On assessed value
Land market value
$429,400
Improvement market value
$203,121
Total market value
$632,521
Applied tax rate
650,100.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1977
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
2,790 SF
Lot
0.48 ac (20,691 SF)
Zoning code
C-2
APN
500-65-005E
UPID
US07-1080671
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Avondale, AZZoning C-2 · permitted uses
C-2 · Avondale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
y thousand (70,000) gross building square feet. (5) Encourage development that is consistent with the policies and the guidelines established in any specific plan and the General Plan. (d) Community Commercial District (C-2). The purpose of the Community Commercial (C-2) district is to accommodate development of commercial complexes providing goods and services to a community-wide trade area. (1) Encourage commercial centers that are plann
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
386.29 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$710,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
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
1977
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
4550 Grand LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 7014, RIVERSIDE, CA 92513-7014
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2021
$1,075,000
4550 Grand LLC
Michel R Hondagneu
Special Warranty Deed
—
Jul 19, 2016
—
Hondagneu,michel R Trust
Hondagneu Trust
Quit Claim Deed
related
—
Nov 30, 2011
—
Hondagneu Trust
Hondagneu Family Trust
Quit Claim Deed
related
—
Apr 5, 1988
—
Hondagneu Pierre
—
Deed Of Trust
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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