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Property profile & analytics
OFF-MARKET
Estimated value
$5,380,000
Automotive properties
507 Van Buren St, Avondale, AZ 85323-1401
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US07-3414738
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1977
Construction
CONCRETE
Total area
7,396 SF
Lot
4.3 ac (187,348 SF)
Zoning code
C-C
APN
500-10-003E
UPID
US07-3414738
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
-
Cactus Jack's Auto Avondale Car Dealership
-
Storage Spot AZ Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
-
The RV Guy Mobile RV Repair LLC Auto Repair Shop
-
Finishline Rv & fleet Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.51M
Blend (final)
Blend
$5.38M
Owner & transaction history
1645 Bell Rd LLC · 8 yrs held
1645 Bell Rd LLC
since 2018
5 recorded transactions
Zoning & alternative use
C-C · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.9M
+80.8%
Restaurant
$4.2M
+28.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,285,000
Current use
COMMERCIAL (GENERAL)
$5,935,000
Change: +81% · Conversion: Moderate
RESTAURANT
$4,215,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$5.38M
Range $4.84M – $5.92M · ±10%
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
$727 / 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
$29,233
Tax year 2023
Assessed value
$538,304
Assessed 2024
Previous assessed
$463,576
+16.1% YoY
Effective rate
5.43%
On assessed value
Land market value
$1,442,700
Improvement market value
$1,836,800
Total market value
$3,279,500
Applied tax rate
440,103.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1977
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
8
Stories
1
Units
7
Total area
7,396 SF
Lot
4.3 ac (187,348 SF)
Zoning code
C-C
APN
500-10-003E
UPID
US07-3414738
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Avondale, AZ
Zoning C-C · permitted uses
C-C · 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
AUTO REPAIR, GARAGE Current
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$5.9M
RESTAURANT
Est. value
$4.2M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
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
1977
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
8
Units
7
Lot
4.3 ac
Current owner
From public records · entity-resolved
1645 Bell Rd LLC
Entity
Mailing address
4240 W GLENDALE AVE, PHOENIX, AZ 85051-8138
Ownership since
2018
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
Apr 4, 2018
$1,500,000
1645 Bell Rd LLC
Gallo LP
Special Warranty Deed
$1,125,000 · Western Alliance Bank
Sep 20, 2005
—
Mcdougall Family Trust
Mcdougall,gregory S
Quit Claim Deed
related
—
Apr 27, 2005
$2,100,000
Gallo
Azvt LLC
Grant Deed
$1,600,000 · Azvt LLC
Jul 28, 2000
$1,130,920
Azvt LLC
Gateway Chevrolet INC
Grant Deed
—
May 26, 1993
—
City Of Avondale
Joe Gambino Chev
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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