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Property profile & analytics
OFF-MARKET
Commercial real estate
506 Western Ave Avondale, AZ 85323-2422
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US07-1804872
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.15 ac (6,376 SF)
Zoning code
OTAB
APN
500-20-111
UPID
US07-1804872
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
-
Proverbs Group Home LLC Nursing Home Social Service Agency
-
Mi Panaderia Bakery Specialty Food Shop
-
Ben's Carpet & Tile Cleaning Services General Contractor
-
Midway Staffing Business Service Center Employment Agency
-
Carnitas Michoacanas Restaurant
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
Proverbs Group Hm LLC Hm Ll · 11 yrs held
Proverbs Group Hm LLC Hm Ll
since 2014
6 recorded transactions
Zoning & alternative use
OTAB · 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
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
$411
Tax year 2023
Assessed value
$9,801
Assessed 2024
Previous assessed
$7,837
+25.1% YoY
Effective rate
4.19%
On assessed value
Land market value
$59,400
Total market value
$59,400
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
0.15 ac (6,376 SF)
Zoning code
OTAB
APN
500-20-111
UPID
US07-1804872
Jurisdiction
MARICOPA
Zoning & alternative use
OTAB · Avondale, AZ
Zoning OTAB · permitted uses
OTAB · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
0.15 ac
Current owner
From public records · entity-resolved
Proverbs Group Hm LLC Hm Ll
Entity
Mailing address
4716 W MALDONADO RD, LAVEEN, AZ 85339-8213
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2014
$420,000
Proverbs Group Hm LLC Hm Ll
Cml-az Blue Ridge LLC
Grant Deed
$300,000 · Kenyon Homes INC
Dec 21, 2010
$330,000
Cml-az Blue Ridge LLC
Hameed,azim Q
Trustees Deed
—
Dec 20, 2010
$330,000
Cml-az Sterling LLC
Hameed,azim Q
Trustees Deed
—
Jan 8, 2007
—
Sterling Plaza West LLC
Sterling Ridge Investments LLC
Quit Claim Deed
related
$2,250,000 · Choice Bank INC
Nov 16, 2004
$185,000
Sterling Ridge Investments LLC
Pojo Ents INC
Grant Deed
$145,000 · Pojo Ents INC
Apr 26, 2002
$115,000
Pojo Enterprises INC
Freireich,burton & Ursula
Grant Deed
—
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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