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Property profile & analytics
OFF-MARKET
Estimated value
$8,935,000
Flex space
1575 113th Ave Avondale, AZ 85392-3937
Entity Owned
Absentee Owner
Free & Clear
Property ID
US07-2471695
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2005
Construction
CONCRETE
Total area
21,351 SF
Lot
8.61 ac (375,197 SF)
Zoning code
PAD
APN
102-56-025
UPID
US07-2471695
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
$8.93M
Blend (final)
Blend
$8.94M
Owner & transaction history
T3T HOLDINGS LLC
T3T HOLDINGS LLC
Zoning & alternative use
PAD · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
designee shall serve as guidelines for site and architectural design in all districts. 28-77-28-90 - Reserved. Article 6 - PLANNED AREA DEVELOPMENT DISTRICT 28-111 - Purpose. The purpose of the Planned Area Development (PAD) District is to promote the development of mixed-use developments and/or residential subdivisions that include residential, commercial o…
Zone name
Planned Area Development
General category
MIXED_USE
Zone area
10,309.27 ac
Source
code of ordinances
Top alternative use upside
Restaurant
$12.2M
+148.3%
Auto repair, garage
$9.5M
+93.4%
Neighborhood: shopping center
$6.7M
+37.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$12,175,000
Change: +148% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,480,000
Change: +93% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,745,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$5,435,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$8.94M
Range $8.04M – $9.83M · ±10%
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
$418 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$62,774
Tax year 2023
Assessed value
$1,964,837
Assessed 2024
Previous assessed
$1,999,659
-1.7% YoY
Effective rate
3.19%
On assessed value
Land market value
$2,931,000
Improvement market value
$8,977,100
Total market value
$11,908,100
Applied tax rate
650,100.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
NONE
Buildings
4
Stories
1
Units
4
Total area
21,351 SF
Lot
8.61 ac (375,197 SF)
Zoning code
PAD
APN
102-56-025
UPID
US07-2471695
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Avondale, AZZoning PAD · permitted uses
PAD · Avondale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
designee shall serve as guidelines for site and architectural design in all districts. 28-77-28-90 - Reserved. Article 6 - PLANNED AREA DEVELOPMENT DISTRICT 28-111 - Purpose. The purpose of the Planned Area Development (PAD) District is to promote the development of mixed-use developments and/or residential subdivisions that include residential, commercial or business park development according to an overall plan. It is the intent of the P
Zone name
Planned Area Development
General category
MIXED_USE
Zone area
10,309.27 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$12.2M
AUTO REPAIR, GARAGE
Est. value
$9.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.7M
MEDICAL BUILDING
Est. value
$5.4M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL 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
2005
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
4
Units
4
Lot
8.61 ac
Current owner
From public records · entity-resolved
T3T HOLDINGS LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3131 E CAMELBACK RD, PHOENIX, AZ 85016-4500
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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