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

    2850 107th Ave Avondale, AZ 85392-4903

    • Retail space
    • 2,640 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimations
    $1,065,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1152329
    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

    • Jhonnys barbershop #3 / Barber Shop
    • Little Caesars Pizza / Pizza Restaurant / Fast Food Restaurant

    Property Details for 2850 107th Ave

    Year built
    2008
    Construction
    CONCRETE
    Lot size
    0.32 lot acres
    Property size
    2,640 SF
    Zone code
    PAD
    Property type
    Retail space
    APN
    102-30-958
    APU
    10230958

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,066,000
      Market price range: $265k - $1.07M
      AI Estimate
      $1,066,000
      Market price range: $265k - $1.07M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $640,000
      Current use
      AUTO REPAIR, GARAGE
      $1,170,000
      Change: +83% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $835,000
      Change: +30% Conversion: Moderate
      MEDICAL BUILDING
      $670,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Avondale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.29
    Latitude
    33.478
    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
    $12,507
    $0.00
    $0.00
    $124,235
    -
    $233,900
    $519,037
    $752,937

    Comparable in this City

    • Value Estimation
      $2,035,000
      5,598 SF

      10265 Mcdowell Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,598 SF
      10265 Mcdowell Rd, Avondale, AZ 85392-5109
      View Details
    • Value Estimation
      $2,060,000
      5,100 SF

      10285 Mcdowell Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,100 SF
      10285 Mcdowell Rd, Avondale, AZ 85392-5012
      View Details
    • Value Estimation
      $5,470,000
      13,536 SF

      12247 Indian School Rd

      RETAIL STORES (PERSONAL SERVICES) • 13,536 SF
      12247 Indian School Rd, Avondale, AZ 85392-5646
      View Details
    • Value Estimation by Request
      442 SF

      3920 107th Ave

      RETAIL STORES (PERSONAL SERVICES) • 442 SF
      3920 107th Ave, Avondale, AZ 85392-5697
      View Details
    • Value Estimation
      $3,115,000
      8,715 SF

      10155 Mcdowell Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,715 SF
      10155 Mcdowell Rd, Avondale, AZ 85392-5015
      View Details
    • Value Estimation
      $4,110,000
      23,309 SF

      13034 Rancho Santa Fe Blvd, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 23,309 SF
      13034 Rancho Santa Fe Blvd, Avondale, AZ 85392-1701
      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
      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
    • Contact for pricing

      Dysart Commons Shopping Center Land

      Land near Estrella Mountain Community College and Interstate 10.
      3031 N Dysart Rd, Avondale, AZ 85392
      View Details
    • New
      $275,000
      1.00 Acre

      Avondale Acre: Ready-to-Build Land

      One-acre lot in Avondale, ready for custom development.
      25xx N 104Th Dr, 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

    Similar Nearby for Lease

    • 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
      16,794 SF

      Prime Retail Space - McDowell & 99th Ave

      Four Suites Available, High Traffic Area
      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
      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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    Avondale, AZ 85392-4903
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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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