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

    305 Western Ave Avondale, AZ 85323-1850

    • Office buildings
    • 1,674 SF
    • 1.08 lot acres
    OFF-MARKET
    Last Sale
    Oct 14, 2022
    $625,000
    Value Estimations
    $625,000
    Show details
    Cap Rate Potential
    4.4%
    Office buildings
    Location Intelligence
    Property ID
    US07-0047486
    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

    • Redemption Christian Church / Church
    • Desert West Auto Sales Avondale / Car Dealership

    Property Details for 305 Western Ave

    Year built
    1972
    Construction
    CONCRETE
    Lot size
    1.08 lot acres
    Property size
    1,674 SF
    Zone code
    C-2
    Property type
    Office buildings
    APN
    500-45-930
    APU
    50045930

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $705,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $515,000
      6.5%
      $475,000
      7%
      $445,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $583,000
      Market price range: $157k - $583k
      AI Estimate
      $583,000
      Market price range: $157k - $583k

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Avondale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.353
    Latitude
    33.435
    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
    $6,258
    $0.00
    $0.00
    $94,418
    -
    $419,100
    $153,129
    $572,229

    Comparable in this City

    • Value Estimation
      $545,000
      1,562 SF

      308 Western Ave

      OFFICE BUILDING • 1,562 SF
      308 Western Ave, Avondale, AZ 85323-2348
      View Details
    • Value Estimation
      $2,035,000
      5,930 SF

      1412 Central Ave

      OFFICE BUILDING • 5,930 SF
      1412 Central Ave, Avondale, AZ 85323-1316
      View Details
    • Value Estimation
      $2,340,000
      5,320 SF

      1419 Eliseo Felix Jr Way

      OFFICE BUILDING • 5,320 SF
      1419 Eliseo Felix Jr Way, Avondale, AZ 85323-1208
      View Details
    • Value Estimation by Request
      875 SF

      111 Belmont Dr

      OFFICE BUILDING • 875 SF
      111 Belmont Dr, Avondale, AZ 85323-2323
      View Details
    • Value Estimation
      $965,000
      3,000 SF

      714 Main St

      OFFICE BUILDING • 3,000 SF
      714 Main St, Avondale, AZ 85323-2738
      View Details
    • Value Estimation
      $1,875,000
      5,376 SF

      10485 Roosevelt St

      OFFICE BUILDING • 5,376 SF
      10485 Roosevelt St, Avondale, AZ 85323-5006
      View Details

    Similar Nearby for Sale

    • $825,000
      5,165 SF

      Old Town Avondale Office Building

      Office building in a revitalization district with income potential.
      326 E Western Ave, Avondale, AZ 85323
      View Details
    • Contact for pricing
      39,650 SF

      Avondale Commons: Office Condos

      Luxury AZ Office/Medical Condos, 2025 Delivery
      0 Nwc Avondale Blvd & Mcdowell Rd, Avondale, AZ 85323
      View Details
    • $8,000,000

      Avondale Multifamily Land - 156 Units

      Shovel-ready 6.5-acre site, 156-unit apartment project approved.
      128XX Buckeye Rd, Avondale, AZ 85323
      View Details
    • Contact for pricing

      Avondale Commercial Land For Sale

      Commercial land in Avondale, Arizona, near I-10 freeway.
      2730 S 113Th Ave, Avondale, AZ 85323
      View Details
    • Contact for pricing

      Avondale Land Parcel For Sale

      0.98 acre commercial land parcel in Avondale opportunity zone.
      Swc Of Van Buren St & Eliseo C Felix Jr Way, Avondale, AZ 85323
      View Details
    • $2,200,000
      Pending

      Avondale Commercial Property For Sale

      Commercial property for sale in Avondale, Arizona, Maricopa County.
      125 W Main St, Avondale, AZ 85323
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      3,939 SF

      Avondale Office Space For Rent

      High-end office space available near I-10 in Avondale, AZ.
      506 E Western Ave, 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
    • Contact for pricing
      10,033 SF

      Mixed-Use Site Near I-10

      43-acre mixed-use site near I-10 Freeway.
      N 107Th Ave, 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
    • Contact for pricing
      23,556 SF

      Avondale Retail Space For Lease

      Large Single-Tenant Retail Building in Avondale, AZ
      9920 Van Buren St, Avondale, AZ 85323
      View Details
    • Contact for pricing

      Prime Corner Land for Lease

      1.1 acre corner lot with drive-thru potential.
      10701 W Buckeye Rd, Avondale, AZ 85323
      View Details
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    305 Western Ave
    Avondale, AZ 85323-1850
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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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