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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Office buildings
305 Western Ave Avondale, AZ 85323-1850
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-0047486
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Construction
CONCRETE
Total area
1,674 SF
Lot
1.08 ac (46,965 SF)
Zoning code
C-2
APN
500-45-930
UPID
US07-0047486
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
-
Redemption Christian Church Church
-
Desert West Auto Sales Avondale Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$475k
Comparable Approach
Comparable
$583k
Blend (final)
Blend
$625k
Owner & transaction history
Figueroas Investment LLC · 3 yrs held
Figueroas Investment LLC
since 2022
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
C-2 · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
y thousand (70,000) gross building square feet. (5) Encourage development that is consistent with the policies and the guidelines established in any specific plan and the General Plan. (d) Community Commercial District (C-2). The purpose of the Community Commercial (C-2) district is to accommodate development of commercial complexes providing goods and servi…
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
386.29 ac
Source
code of ordinances
Top alternative use upside
Auto repair, garage
$745,000
+88.9%
Neighborhood: shopping center
$530,000
+34.3%
Medical building
$425,000
+8.3%
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
$705,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$515,000
6.5%
$475,000
7%
$445,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$395,000
Current use
AUTO REPAIR, GARAGE
$745,000
Change: +89% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$530,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$425,000
Change: +8% · Conversion: Easy
RETAIL STORES
$405,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $625k (Oct 14 2022)
Last sale anchor
$625k
Oct 14 2022
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
$373 / 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
$6,258
Tax year 2023
Assessed value
$94,418
Assessed 2024
Previous assessed
$75,599
+24.9% YoY
Effective rate
6.63%
On assessed value
Land market value
$419,100
Improvement market value
$153,129
Total market value
$572,229
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
1972
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
1,674 SF
Lot
1.08 ac (46,965 SF)
Zoning code
C-2
APN
500-45-930
UPID
US07-0047486
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Avondale, AZZoning C-2 · permitted uses
C-2 · Avondale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
y thousand (70,000) gross building square feet. (5) Encourage development that is consistent with the policies and the guidelines established in any specific plan and the General Plan. (d) Community Commercial District (C-2). The purpose of the Community Commercial (C-2) district is to accommodate development of commercial complexes providing goods and services to a community-wide trade area. (1) Encourage commercial centers that are plann
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
386.29 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$395,000
AUTO REPAIR, GARAGE
Est. value
$745,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$530,000
MEDICAL BUILDING
Est. value
$425,000
RETAIL STORES
Est. value
$405,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
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
1972
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
Figueroas Investment LLC
Entity
Mailing address
2211 S HUGHES DR, BUCKEYE, AZ 85326-3598
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2022
$625,000
Figueroas Investment LLC
Alpine Springs LLC
Special Warranty Deed
$571,800 · Midfirst Bank
Feb 28, 2018
—
Alpine Springs LLC
—
Deed
related
$100,000 · Derek & Margaret Rosenberg
Mar 1, 2017
—
Alpine Springs LLC
Flip University LLC
Grant Deed
—
May 18, 2016
—
Flip University LLC
—
Deed
related
$100,000 · Flip University LLC Flip University LLC
Jun 25, 2013
$141,000
Flip University LLC
Williams Craig K
Trustees Deed
—
Nov 16, 2004
$400,000
Csk Trust
Alhambra Cu
Grant Deed
$300,000 · Irwin Union Bank Fsb
—
—
Flip University LLC
—
Deed Of Trust
related
$112,800 · Amerifirst Financial INC
—
—
Flip University LLC
—
Deed Of Trust
related
$116,000 · Amerifirst Financial INC
—
—
Flip University LLC
—
Deed Of Trust
related
$100,000 · Flip University LLC Flip University LLC
—
—
Alpine Springs LLC
—
Deed Of Trust
related
$100,000 · Derek & Margaret Rosenberg
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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