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Property profile & analytics
OFF-MARKET
Retail space
505 Central Ave Avondale, AZ 85323-1907
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-3391828
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
CONCRETE
Total area
1,030 SF
Lot
1.02 ac (44,302 SF)
Zoning code
C-1
APN
500-18-041A
UPID
US07-3391828
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
-
Western Laundry (Bike/Boat/Book/etc) Store
-
Rapid Wash Laundry (Bike/Boat/Book/etc) Store
-
Avondale Barber Shop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bts One LLC · 21 yrs held
Bts One LLC
since 2004
5 recorded transactions
Zoning & alternative use
C-1 · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
etween commercial and residential districts. (5) Encourage development that is consistent with the policies and the guidelines established in any specific plan and the General Plan. (c) Neighborhood Commercial District (C-1). The purpose of the Neighborhood Commercial (C-1) district is to accommodate retail and service establishments satisfying the everyday…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
2.46 ac
Source
code of ordinances
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$21,073
Tax year 2023
Assessed value
$305,217
Assessed 2024
Previous assessed
$255,000
+19.7% YoY
Effective rate
6.90%
On assessed value
Land market value
$388,400
Improvement market value
$1,461,400
Total market value
$1,849,800
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
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
1,030 SF
Lot
1.02 ac (44,302 SF)
Zoning code
C-1
APN
500-18-041A
UPID
US07-3391828
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Avondale, AZZoning C-1 · permitted uses
C-1 · Avondale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
etween commercial and residential districts. (5) Encourage development that is consistent with the policies and the guidelines established in any specific plan and the General Plan. (c) Neighborhood Commercial District (C-1). The purpose of the Neighborhood Commercial (C-1) district is to accommodate retail and service establishments satisfying the everyday needs of consumers residing in adjacent neighborhoods. (1) Provide for neighborhood
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
2.46 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
1.02 ac
Current owner
From public records · entity-resolved
Bts One LLC
Entity
Mailing address
27832 N 110TH PL, SCOTTSDALE, AZ 85262-7418
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2004
$25,000
Bts One LLC
Wallace,bill O
Warranty Deed
related
—
Aug 6, 2003
$85,000
Bts One LLC
Bhatti INC
Grant Deed
related
—
Apr 29, 2002
$40,000
Bhatti INC
Tpi Land Development III
Grant Deed
related
—
—
—
Bts One LLC
—
Deed Of Trust
related
$480,686 · Eunice R Ellingson
—
—
Bts One LLC
—
Deed Of Trust
related
$800,000 · Copper Star Bank
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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