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Property profile & analytics
OFF-MARKET
Estimated value
$2,340,000
Office buildings
1419 Eliseo Felix Jr Way Avondale, AZ 85323-1208
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-0747553
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
STEEL FRAME
Total area
5,320 SF
Lot
5 ac (217,805 SF)
Zoning code
A-1
APN
500-25-015A
UPID
US07-0747553
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
-
Foundation Building Materials Big Box & Wholesale Store Building Supply
-
Great Western Building Materials Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.52M
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$2.34M
Owner & transaction history
Rbs Investments LLC · 5 yrs held
Rbs Investments LLC
since 2020
Last sale
$2.6M
2 recorded transactions
Zoning & alternative use
A-1 · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
while projecting a highly desirable and unified appearance along public streets. (4) Promote an efficient circulation system that includes attractive streetscapes and functional pedestrian areas. (b) General Industrial (A-1). The purpose of the General Industrial District is to accommodate warehousing, wholesaling, assembly, and heavy manufacturing of an int…
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
1,184.81 ac
Source
code of ordinances
Top alternative use upside
Restaurant
$3.0M
+142.5%
Auto repair, garage
$2.4M
+88.9%
Neighborhood: shopping center
$1.7M
+34.3%
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%
$1,640,000
6.5%
$1,515,000
7%
$1,405,000
Alternative Use
Use
Estimation
RESTAURANT
$3,035,000
Change: +143% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,360,000
Change: +89% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,680,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$2.34M
Range $2.11M – $2.57M · ±10% · vs last sale $2.60M (Aug 24 2020)
Last sale anchor
$2.60M
Aug 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
$440 / 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
$37,080
Tax year 2022
Assessed value
$561,982
Assessed 2024
Previous assessed
$484,789
+15.9% YoY
Effective rate
6.60%
On assessed value
Land market value
$1,024,000
Improvement market value
$2,381,950
Total market value
$3,405,950
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
4
Stories
1
Total area
5,320 SF
Lot
5 ac (217,805 SF)
Zoning code
A-1
APN
500-25-015A
UPID
US07-0747553
Jurisdiction
MARICOPA
Zoning & alternative use
A-1 · Avondale, AZZoning 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
Zoning description
while projecting a highly desirable and unified appearance along public streets. (4) Promote an efficient circulation system that includes attractive streetscapes and functional pedestrian areas. (b) General Industrial (A-1). The purpose of the General Industrial District is to accommodate warehousing, wholesaling, assembly, and heavy manufacturing of an intensive nature, often involving open uses and/or storage, large scale machinery and
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
1,184.81 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Buildings
4
Lot
5 ac
Current owner
From public records · entity-resolved
Rbs Investments LLC
Entity
Mailing address
5123 E CALLE DEL NORTE, PHOENIX, AZ 85018-4427
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2020
$2,600,000
Rbs Investments LLC
Atkinson Land Holdings LLC
Grant Deed
$1,690,000 · National Bk/az
Dec 15, 2005
$2,350,000
Atkinson Land Holdings LLC
Atkinson,frederick M
Warranty 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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