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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1422 Eliseo Felix Jr Way Avondale, AZ 85323-1201

    • Distribution centers
    • 13,230 SF
    • 1.26 lot acres
    OFF-MARKET
    Last Sale
    Jan 02, 2020
    $1,425,000
    Value Estimations
    $2,105,000
    Show details
    Cap Rate Potential
    7.9%
    Distribution centers
    Location Intelligence
    Property ID
    US07-1379497
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Fix Auto Avondale / Auto Repair Shop
    • FX Auto Body Collision Repair / Auto Repair Shop

    Property Details for 1422 Eliseo Felix Jr Way

    Year built
    2004
    Construction
    CONCRETE
    Lot size
    1.26 lot acres
    Property size
    13,230 SF
    Zone code
    A-1
    Property type
    Distribution centers
    APN
    500-25-004
    APU
    50025004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,725,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,265,000
      6.5%
      $2,095,000
      7%
      $1,945,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,935,000
      Market price range: $1.30M - $4.54M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,710,000
      Current use
      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

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Avondale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.337
    Latitude
    33.4469
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $16,371
    $0.00
    $0.00
    $302,165
    -
    $345,000
    $1,486,300
    $1,831,300

    Comparable in this City

    • Value Estimation
      $3,875,000
      13,230 SF

      1414 Eliseo Felix Jr Way

      DISTRIBUTION WAREHOUSE • 13,230 SF
      1414 Eliseo Felix Jr Way, Avondale, AZ 85323-1201
      View Details
    • Value Estimation
      $1,965,000
      7,073 SF

      1100 Eliseo Felix Jr Way

      DISTRIBUTION WAREHOUSE • 7,073 SF
      1100 Eliseo Felix Jr Way, Avondale, AZ 85323-1238
      View Details
    • Value Estimation by Request

      5700 101st Ave

      INDUSTRIAL (GENERAL)
      5700 101st Ave, Avondale, AZ 85323
      View Details
    • Value Estimation
      $1,875,000
      10,052 SF

      811 Riley Dr

      LIGHT INDUSTRIAL • 10,052 SF
      811 Riley Dr, Avondale, AZ 85323-2015
      View Details
    • Value Estimation by Request
      242,320 SF

      10205 Roosevelt St

      LIGHT INDUSTRIAL • 242,320 SF
      10205 Roosevelt St, Avondale, AZ 85323-5009
      View Details
    • Value Estimation
      $23,740,000
      77,448 SF

      650 99th Ave

      LIGHT INDUSTRIAL • 77,448 SF
      650 99th Ave, Avondale, AZ 85323-5325
      View Details

    Similar Nearby for Sale

    • $950,000
      3,244 SF

      Industrial Property in Opportunity Zone

      Industrial property with storage buildings in a high-growth area.
      100 W Main St, Avondale, AZ 85323
      View Details
    • Contact for pricing
      15.28 Acres

      Avondale Commercial Land Opportunity

      15-Acre Commercial Lot, Prime Location
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    • $50,000
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      Avondale Land Parcel For Sale

      Land parcel in a fast-growing area with excellent potential.
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    • $500,000
      0.91 Acres

      Buildable Lot in Avondale, Arizona

      Nearly one-acre lot zoned R1-6, utilities to lot line.
      113 E Elm Ln, Avondale, AZ 85323
      View Details
    • New
      $219,900
      Pending

      Acre Lot in Avondale, AZ

      Acre lot suitable for livestock, custom home, or ranch.
      W Southern Ave, Avondale, AZ 85323
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    • Contact for pricing
      0.98 Acres

      Avondale Commercial Land - 0.98 Acres

      Prime Avondale commercial land, high visibility, opportunity zone.
      0 Swc Of Van Buren St & Elisio C Felix Jr Way, Avondale, AZ 85323
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      10,000 SF

      HAMILTON COMMERCE CENTER: Avondale, AZ

      Avondale Industrial Space: Manufacturing, Warehouse, R&D
      1205 Eliseo Felix Jr Way, Avondale, AZ 85323
      View Details
    • Contact for pricing
      78,548 SF

      Avondale Warehouse with Air Conditioning

      78,548 SF warehouse space with full air conditioning for lease.
      940 E Riley Dr, Avondale, AZ 85323
      View Details
    • $0.65 SF/Yr
      40,000 SF

      Avondale Warehouse with Air Conditioning

      40,000 SF Class A warehouse space for lease.
      855 N 107Th Ave, Avondale, AZ 85323
      View Details
    • Contact for pricing
      389,197 SF

      Avondale Cross Dock Warehouse

      389,197 SF cross dock building in Avondale, Arizona.
      850 N 119Th Ave, Avondale, AZ 85323
      View Details
    • Contact for pricing
      134,406 SF

      Industrial Warehouse Under Construction

      134,406 SF industrial warehouse for lease, delivery Q4 2025.
      W Pierce St, Avondale, AZ 85323
      View Details
    • Contact for pricing
      7,208 SF

      Avondale Shop/Office Building For Rent

      7,208 SF shop/office building with fenced yard, easy access.
      111 N Dysart Rd, Avondale, AZ 85323
      View Details
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    Avondale, AZ 85323-1201
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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