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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Bars & Pubs
129 Main St Avondale, AZ 85323
Individually Owned
6-yr Hold
Free & Clear
Property ID
US07-0970619
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1959
Construction
CONCRETE
Total area
2,450 SF
Lot
0.51 ac (22,080 SF)
Zoning code
C-C
APN
500-50-077
UPID
US07-0970619
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
by Request
Comparable Approach
Comparable
$684k
Blend (final)
Blend
$535k
Owner & transaction history
Bilal M Safi · 6 yrs held
Bilal M Safi
since 2020
Last sale
$430,000
7 recorded transactions
Zoning & alternative use
C-C · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$520,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $430k (Mar 24 2020)
Last sale anchor
$430k
Mar 24 2020
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
$218 / 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
$4,168
Tax year 2022
Assessed value
$69,539
Assessed 2024
Previous assessed
$56,338
+23.4% YoY
Effective rate
5.99%
On assessed value
Land market value
$229,100
Improvement market value
$192,350
Total market value
$421,450
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1959
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
2,450 SF
Lot
0.51 ac (22,080 SF)
Zoning code
C-C
APN
500-50-077
UPID
US07-0970619
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Avondale, AZ
Zoning C-C · permitted uses
C-C · 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.
Building & site characteristics
From public records
Year built
1959
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Bilal M Safi
Individual
Free & Clear · 6 yrs held
Mailing address
10602 W ZAK RD, TOLLESON, AZ 85353-5638
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2020
—
Bilal M Safi
Zahir M Safi
Quit Claim Deed
related
—
Mar 24, 2020
$430,000
Nasria Saed
Bilal M Safi
Grant Deed
$280,000 · Bilal M Safi
Jun 20, 2014
—
Bilal M Safi
Safi Mohammed N
Quit Claim Deed
related
—
Jan 16, 2007
—
Mohammed N Safi
Safi,khalida
Quit Claim Deed
related
—
Jun 20, 2006
—
Khalida Safi
Safi,mohammed N
Quit Claim Deed
related
—
Oct 18, 2005
$300,000
Mohammed N Safi
Elza H Cook Properties LLC
Warranty Deed
—
Oct 5, 2004
—
Elza H Cook Properties LLC
Cook Elza H Trust
Quit Claim Deed
related
—
Jul 9, 1993
$20,000
Elza,h Cook Trust
Marose
Trustees Deed
—
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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