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Property profile & analytics
FOR LEASE
Flex space
3673 S Bullard Ave, Goodyear, AZ 85338
Entity Owned
4-yr Hold
Free & Clear
Property ID
US07-0171737
For Lease
1 / 2
$6,555,000
3673 S Bullard Ave, Goodyear, AZ 85338
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1990
Construction
CONCRETE
Total area
44,293 SF
Lot
3.62 ac (157,557 SF)
Zoning code
PAD
APN
500-07-140B
UPID
US07-0171737
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
-
Icon Mechanical Inc HVAC Service General Contractor
-
KC Force Commercial Cleaning Service
-
Farm Bureau Financial Services Insurance Agency
-
New Pathway KC Church
-
The Social Suites at Estrella Selfie Museum and Event Space Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.37M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.56M
Owner & transaction history
Pegasus West Valley South Owner LLC · 4 yrs held
Pegasus West Valley South Owner LLC
since 2021
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
PAD · Goodyear, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Goodyear submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Goodyear 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
$6,755,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,810,000
6.5%
$5,365,000
7%
$4,980,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,395,000
Current use
Blend value · Realmo final
$6.56M
Range $5.90M – $7.21M · ±10% · vs last sale $7.05M (Oct 15 2021)
Last sale anchor
$7.05M
Oct 15 2021
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
$148 / 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
$37,715
Tax year 2023
Assessed value
$761,871
Assessed 2024
Previous assessed
$573,716
+32.8% YoY
Effective rate
4.95%
On assessed value
Land market value
$1,106,800
Improvement market value
$3,510,600
Total market value
$4,617,400
Applied tax rate
440,803.0000
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
For Lease
Year built
1990
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
44,293 SF
Lot
3.62 ac (157,557 SF)
Zoning code
PAD
APN
500-07-140B
UPID
US07-0171737
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Goodyear, AZ
Zoning PAD · permitted uses
PAD · Goodyear, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Goodyear. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$8.4M
INDUSTRIAL (GENERAL) Current
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
1990
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
3.62 ac
Current owner
From public records · entity-resolved
Pegasus West Valley South Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
8888 E RAINTREE DR STE #155, SCOTTSDALE, AZ 85260-3952
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2021
$7,047,000
Pegasus West Valley South Owner LLC
Estrella Business Center LLC
Special Warranty Deed
—
Aug 16, 2017
$2,250,000
Estrella Business Center L L C
Estrella Associates LLC
Special Warranty Deed
$1,687,000 · Umb Bank NA
Oct 4, 2006
$2,750,000
Estrella Associates LLC
Sheila Colby
Special Warranty Deed
$2,625,000 · Intervest Mortgage Investment Co
Jan 28, 2002
—
Colby Trust
Colby,julian
Quit Claim Deed
related
—
Aug 20, 1996
$1,280,000
Julian Colby
Mark H Barr
Grant Deed
—
Aug 16, 1996
$1,750,000
Barr,mark H
Barr Construction Co
Trustees Deed
related
—
—
—
Barr Construction Company
—
Deed Of Trust
related
—
—
—
Estrella Associates LLC
—
Loan Modification
related
$2,625,000 · Umpqua Bk
—
—
Estrella Associates LLC
—
Deed Of Trust
related
$2,625,000 · Intervest Mortgage Co LLC
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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