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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Retail space
401 Western Ave Avondale, AZ 85323-2266
Entity Owned
10-yr Hold
Free & Clear
Property ID
US07-1691468
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Construction
STEEL FRAME
Total area
7,955 SF
Lot
1.1 ac (47,829 SF)
Zoning code
C-2
APN
500-45-007G
UPID
US07-1691468
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
-
United States Postal Service Money Order Service Shipping And Mailing Service
-
MJ Taste of Soul, LLC Restaurant
-
West Valley NAACP Association Or Organization
-
AtoZ LandscapeHomeHome Services Landscaping General Contractor
-
Mar's Pro Services LLC Painting Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.55M
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.23M
Owner & transaction history
Wolaver LP 2 · 10 yrs held
Wolaver LP 2
since 2016
Last sale
$1.2M
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
Medical building
$2.0M
+4.8%
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
$1,150,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,670,000
6.5%
$1,545,000
7%
$1,435,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,935,000
Current use
MEDICAL BUILDING
$2,025,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$1,870,000
Change: -3% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,825,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±10% · vs last sale $1.20M (May 2 2025)
Last sale anchor
$1.20M
May 2 2025
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
$154 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$9,379
Tax year 2022
Assessed value
$149,690
Assessed 2024
Previous assessed
$123,624
+21.1% YoY
Effective rate
6.27%
On assessed value
Land market value
$425,300
Improvement market value
$481,915
Total market value
$907,215
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
7,955 SF
Lot
1.1 ac (47,829 SF)
Zoning code
C-2
APN
500-45-007G
UPID
US07-1691468
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
RETAIL STORES Current
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1979
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Wolaver LP 2
Entity
Free & Clear · 10 yrs held
Mailing address
122 TILDEN AVE, RICHMOND, VT 05477-4400
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2016
$76,069
Wolaver LP 2
Sawdy,j W Trust
Grant Deed
—
Nov 5, 2013
$156,598
LP No 2 Wolaver
Bsrs LLC
Grant Deed
—
Jan 15, 2002
—
B S R S LLC
Lacy Trust
Grant Deed
related
—
Jan 5, 2000
—
Lacy Trust
Lacy,ruth N & Sally N
Quit Claim Deed
related
—
Apr 14, 1993
—
Knox,j Wolaver Trust
Wolaver
Quit Claim Deed
related
—
Feb 1, 1993
—
Edward,r & Ruth N Lacy Trust
Lacy
Quit Claim Deed
related
—
Nov 14, 1991
$102,000
John Knox
Knox
Grant 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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