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Property profile & analytics
OFF-MARKET
Estimated value
$3,875,000
Distribution centers
1414 Eliseo Felix Jr Way, Avondale, AZ 85323-1201
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-1117069
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2004
Construction
CONCRETE
Total area
13,230 SF
Lot
1.26 ac (54,746 SF)
Zoning code
A-1
APN
500-25-006
UPID
US07-1117069
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
$3.03M
Blend (final)
Blend
$3.88M
Owner & transaction history
Cfc Ec Felix LP · 2 yrs held
Cfc Ec Felix LP
since 2023
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
A-1 · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.9M
+117.0%
Neighborhood: shopping center
$4.2M
+54.3%
Medical building
$3.4M
+24.4%
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
$5,135,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,710,000
Current use
AUTO REPAIR, GARAGE
$5,875,000
Change: +117% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,180,000
Change: +54% · Conversion: Moderate
MEDICAL BUILDING
$3,370,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$3,215,000
Change: +19% · Conversion: Moderate
OFFICE BUILDING
$3,110,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$3.88M
Range $3.49M – $4.26M · ±10% · vs last sale $5.03M (Sep 13 2023)
Last sale anchor
$5.03M
Sep 13 2023
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
$293 / 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
$13,684
Tax year 2022
Assessed value
$301,934
Assessed 2024
Previous assessed
$270,521
+11.6% YoY
Effective rate
4.53%
On assessed value
Land market value
$344,400
Improvement market value
$1,485,500
Total market value
$1,829,900
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
13,230 SF
Lot
1.26 ac (54,746 SF)
Zoning code
A-1
APN
500-25-006
UPID
US07-1117069
Jurisdiction
MARICOPA
Zoning & alternative use
A-1 · Avondale, AZ
Zoning A-1 · permitted uses
A-1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$5.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$3.4M
RETAIL STORES
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
Cfc Ec Felix LP
Entity
Mailing address
500 N 1ST AVE STE #5, ARCADIA, CA 91006-2893
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2023
$5,025,000
Cfc Ec Felix LP
Feh Income Properties
Special Warranty Deed
$3,266,250 · East West Bank
Jun 30, 2017
$1,280,950
Feh Income Properties INC
Avondale Eliseo Props LLC
Grant Deed
—
Aug 13, 2013
$700,000
Avondale Eliseo Properties LLC
D R Tapia
Special Warranty Deed
$550,000 · Wells Fargo Bank NA
Dec 15, 2006
$45,128
Scott L Tonn
Tapia,d R
Grant Deed
—
Jun 4, 2004
—
Robert L Wolfe
Avondale City (az)
Quit Claim Deed
related
—
Feb 13, 2004
—
D R Tapia
—
Trustees Deed
related
$743,000 · Wells Fargo Bank Arizona
Oct 10, 2003
$82,120
D R Tapia
Rio Estrella Joint Venture
Grant 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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