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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Office buildings
308 Western Ave Avondale, AZ 85323-2348
Trust Owned
17-yr Hold
Free & Clear
Property ID
US07-0369445
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1966
Construction
CONCRETE
Total area
1,562 SF
Lot
0.16 ac (7,020 SF)
Zoning code
OTAB
APN
500-17-082
UPID
US07-0369445
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
-
Estilos Beauty Barber Shop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$544k
Blend (final)
Blend
$545k
Owner & transaction history
Hill Steven B Living Trust · 17 yrs held
Hill Steven B Living Trust
since 2009
3 recorded transactions
Zoning & alternative use
OTAB · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
100' Parking Setback from Residential District or Use* 25' 25' 25' 25' 25' Maximum Accessory Structure Height 15' 15' 15' 15' 15' * Not applicable to manufactured home parks. 28-57 - Old Town Avondale Business District (OTAB). (a) Purpose. The purpose of the Old Town Avondale Business District (OTAB) is to further the revitalization of the city's original to…
Zone name
Old Town Avondale Business
General category
COMMERCIAL
Zone area
29.52 ac
Source
code of ordinances
Top alternative use upside
Auto repair, garage
$695,000
+88.9%
Neighborhood: shopping center
$495,000
+34.3%
Medical building
$400,000
+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
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
OFFICE BUILDING
$365,000
Current use
AUTO REPAIR, GARAGE
$695,000
Change: +89% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$495,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$400,000
Change: +8% · Conversion: Easy
RETAIL STORES
$380,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$349 / 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
$2,112
Tax year 2023
Assessed value
$37,604
Assessed 2024
Previous assessed
$31,127
+20.8% YoY
Effective rate
5.62%
On assessed value
Land market value
$79,700
Improvement market value
$148,200
Total market value
$227,900
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
1966
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
1,562 SF
Lot
0.16 ac (7,020 SF)
Zoning code
OTAB
APN
500-17-082
UPID
US07-0369445
Jurisdiction
MARICOPA
Zoning & alternative use
OTAB · Avondale, AZZoning OTAB · permitted uses
OTAB · Avondale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
100' Parking Setback from Residential District or Use* 25' 25' 25' 25' 25' Maximum Accessory Structure Height 15' 15' 15' 15' 15' * Not applicable to manufactured home parks. 28-57 - Old Town Avondale Business District (OTAB). (a) Purpose. The purpose of the Old Town Avondale Business District (OTAB) is to further the revitalization of the city's original town site and its immediate vicinity by encouraging pedestrian-oriented development an
Zone name
Old Town Avondale Business
General category
COMMERCIAL
Zone area
29.52 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$365,000
AUTO REPAIR, GARAGE
Est. value
$695,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$495,000
MEDICAL BUILDING
Est. value
$400,000
RETAIL STORES
Est. value
$380,000
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
1966
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Hill Steven B Living Trust
Trust
Free & Clear · 17 yrs held
Mailing address
PO BOX 58, CHINO VALLEY, AZ 86323-0058
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2009
—
Hill Steven B Living Trust
Hill Family Trust
Quit Claim Deed
related
—
Nov 15, 2006
—
Hill Family Trust
Hill,joseph A
Quit Claim Deed
related
—
Aug 10, 2000
—
Hill Trust
Hill,juanita C
Quit Claim Deed
related
—
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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