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

    1550 107th Ave Avondale, AZ 85392-4915

    • Grocery and convenience stores
    • 10,624 SF
    OFF-MARKET
    Value Estimations
    $3,260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1595809
    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

    • QuikTrip / Gas Station

    Property Details for 1550 107th Ave

    Year built
    2023
    Property size
    10,624 SF
    Property type
    Grocery and convenience stores
    APN
    102-56-579
    APU
    10256579

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,291,000
      Market price range: $2.90M - $8.85M
      AI Estimate
      $3,225,000
      Market price range: $2.70M - $8.68M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,355,000
      Current use
      AUTO REPAIR, GARAGE
      $4,715,000
      Change: +41% Conversion: Difficult
      MEDICAL BUILDING
      $2,705,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Avondale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.289807
    Latitude
    33.464516
    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
    2023
    $16,761
    $0.00
    $0.00
    $358,631
    -
    $1,451,800
    $721,719
    $2,173,519

    Comparable in this City

    • Value Estimation
      $10,510,000
      64,677 SF

      1575 Dysart Rd

      GROCERY, SUPERMARKET • 64,677 SF
      1575 Dysart Rd, Avondale, AZ 85392-1204
      View Details
    • Value Estimation
      $1,310,000
      3,383 SF

      1595 Dysart Rd

      CONVENIENCE STORE • 3,383 SF
      1595 Dysart Rd, Avondale, AZ 85392-1230
      View Details
    • Value Estimation
      $2,460,000
      2,982 SF

      13085 Rancho Santa Fe Blvd

      CONVENIENCE STORE • 2,982 SF
      13085 Rancho Santa Fe Blvd, Avondale, AZ 85392-1700
      View Details
    • Value Estimation
      $10,630,000
      62,605 SF

      10675 Indian School Rd

      GROCERY, SUPERMARKET • 62,605 SF
      10675 Indian School Rd, Avondale, AZ 85392-5645
      View Details
    • Value Estimation by Request
      1,013 SF

      1607 Dysart Rd

      CONVENIENCE STORE • 1,013 SF
      1607 Dysart Rd, Avondale, AZ 85392-1209
      View Details
    • Value Estimation
      $2,180,000
      2,640 SF

      1595 Avondale Blvd

      CONVENIENCE STORE • 2,640 SF
      1595 Avondale Blvd, Avondale, AZ 85392-5208
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Pads For Sale

      Retail pads available adjacent to future car wash and QuikTrip.
      Nwc El Mirage & Indian School Rd, Avondale, AZ 85392
      View Details
    • Contact for pricing
      24,500 SF

      Avondale Retail Investment Opportunity

      Two-tenant retail property in Avondale, Arizona, 100% occupied.
      10105 WEST Mcdowell Rd, Avondale, AZ 85392
      View Details
    • Contact for pricing
      24.49 Acres

      Prime Avondale Commercial Land

      24.49 Acres, Excellent Location
      99th Ave & Indian School Rd, Phoenix, AZ 85392
      View Details
    • $250,000
      0.29 Acres

      Residential Lot in Avondale, Arizona

      Vacant 0.289-acre residential lot suitable for a custom home.
      N 107Th Ave, Avondale, AZ 85392
      View Details
    • Contact for pricing
      1,297 SF

      Freestanding Drive-Thru Building Sublease

      Freestanding drive-thru building available for sublease in high-growth area.
      3920 N 107Th Ave, Avondale, AZ 85392
      View Details
    • Contact for pricing
      7 SF

      Avondale Land Parcel For Sale

      7 Acres of commercial land available in Avondale, Arizona.
      12290 West Indian School Rd, Avondale, AZ 85392
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,794 SF

      Prime Retail Space - McDowell & 99th Ave

      Four Suites Available, High Traffic Area
      and McDowell 99Th Ave, Avondale, AZ 85392
      View Details
    • Contact for pricing
      2,600 SF

      Retail Space at Highway Connection

      Retail space available at the intersection of two major highways.
      9925 W Mcdowell Rd, Avondale, AZ 85392
      View Details
    • Contact for pricing
      2,600 SF

      Retail Space Near I-10

      Retail space available near Walmart and LA Fitness.
      13045 W Rancho Santa Fe Blvd, Avondale, AZ 85392
      View Details
    • Contact for pricing
      1,850 SF

      Retail Space at Highway Connection

      Retail space at the connection of two major highways.
      10005 W Mcdowell Rd, Avondale, AZ 85392
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space Near Interstate 10

      Retail space in well-established neighborhood near major transportation.
      13070 W Rancho Santa Fe Blvd, Avondale, AZ 85392
      View Details
    • Contact for pricing
      9,000 SF

      Retail Space Near Major Retailers

      Retail space available near Walmart and LA Fitness.
      Avondale, AZ 85392
      View Details
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    1550 107th Ave
    Avondale, AZ 85392-4915
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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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