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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Individual retail properties
427 Western Ave, Avondale, AZ 85323-2225
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-2216869
Property profile
Verified
Property type
Individual retail properties
Use group
BARBER, HAIR SALON
Year built
1984
Construction
CONCRETE
Total area
3,836 SF
Lot
0.09 ac (3,850 SF)
Zoning code
C-2
APN
500-45-066A
UPID
US07-2216869
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$560k
Owner & transaction history
Mmgr Properties LLC · 1 yrs held
Mmgr Properties LLC
since 2024
Last sale
$560,000
7 recorded transactions
Zoning & alternative use
C-2 · Avondale, 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 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
$560,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$930,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$900,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$760,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $560k (Oct 15 2024)
Last sale anchor
$560k
Oct 15 2024
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
$146 / 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
$3,278
Tax year 2023
Assessed value
$43,461
Assessed 2024
Previous assessed
$43,461
+0.0% YoY
Effective rate
7.54%
On assessed value
Land market value
$46,500
Improvement market value
$216,900
Total market value
$263,400
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
Individual retail properties
Use group
BARBER, HAIR SALON
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
3,836 SF
Lot
0.09 ac (3,850 SF)
Zoning code
C-2
APN
500-45-066A
UPID
US07-2216869
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Avondale, AZ
Zoning 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
Avondale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$930,000
OFFICE BUILDING
Est. value
$900,000
WAREHOUSE, STORAGE
Est. value
$760,000
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1984
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Mmgr Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
8148 W FRIER DR, GLENDALE, AZ 85303-1022
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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, 2024
$560,000
Mmgr Properties LLC
Luz Elvia Jaime
Warranty Deed
—
Apr 4, 2013
$240,000
Luz Elvia Jaime
Rlm Palm Valley LLC
Warranty Deed
$200,000 · Rlm Palm Valley LLC
Apr 1, 2013
$190,000
Rlm Palm Valley LLC Valley
Mehlhorn Properties LLC
Warranty Deed
—
Aug 15, 2003
—
Gem LLC
Mehlhorn,glen E
Grant Deed
related
—
Feb 24, 1995
—
Glen E Mehlhorn
Mehlhorn
Quit Claim Deed
related
—
Feb 22, 1995
—
Glen E Mehlhorn
Mehlhorn
Quit Claim Deed
related
—
Feb 28, 1991
$120,000
Glen Ed Mehlhorn
Bulfer
Grant Deed
related
$89,000 · Seller
Aug 31, 1987
—
Thomas E Bulfer
—
Deed Of Trust
related
—
—
—
Luz E Jaime
—
Deed Of Trust
related
$1,957,000 · Pinnacle Bk
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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