New search
Property profile & analytics
OFF-MARKET
Estimated value
$23,740,000
Flex space
650 99th Ave, Avondale, AZ 85323-5325
Entity Owned
~
Est. High Equity
Property ID
US07-1239364
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2007
Construction
CONCRETE
Total area
77,448 SF
Lot
6.56 ac (285,637 SF)
Zoning code
PAD
APN
102-54-050
UPID
US07-1239364
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
-
Barnett Management Business Administration Service
-
azpro Marketing & Advertising Advertising Agency
-
Johnstone Supply Big Box & Wholesale Store Building Supply
-
FleetPride Auto Parts Store Big Box & Wholesale Store
-
Wholesale Cabinet Supply - Avondale Hardware & Home Improvement Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$23.74M
Blend (final)
Blend
$23.74M
Owner & transaction history
Bla & La99th LLC
Bla & La99th LLC
since 2025
7 recorded transactions
Zoning & alternative use
PAD · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$34.4M
+93.4%
Neighborhood: shopping center
$24.5M
+37.6%
Medical building
$19.7M
+10.9%
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
INDUSTRIAL (GENERAL)
$17,780,000
Current use
AUTO REPAIR, GARAGE
$34,390,000
Change: +93% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$24,460,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$19,720,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$18,825,000
Change: +6% · Conversion: Moderate
OFFICE BUILDING
$18,205,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$23.74M
Range $21.37M – $26.11M · ±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
$307 / 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
$77,563
Tax year 2023
Assessed value
$1,945,020
Assessed 2024
Previous assessed
$1,681,130
+15.7% YoY
Effective rate
3.99%
On assessed value
Land market value
$2,644,600
Improvement market value
$9,143,400
Total market value
$11,788,000
Applied tax rate
170,100.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
77,448 SF
Lot
6.56 ac (285,637 SF)
Zoning code
PAD
APN
102-54-050
UPID
US07-1239364
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Avondale, AZ
Zoning PAD · permitted uses
PAD · 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
INDUSTRIAL (GENERAL) Current
Est. value
$17.8M
AUTO REPAIR, GARAGE
Est. value
$34.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$24.5M
MEDICAL BUILDING
Est. value
$19.7M
RETAIL STORES
Est. value
$18.8M
OFFICE BUILDING
Est. value
$18.2M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
6.56 ac
Current owner
From public records · entity-resolved
Bla & La99th LLC
Entity
Mailing address
440 W 1ST ST STE #201, TUSTIN, CA 92780-3047
Ownership since
2025
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
Nov 12, 2025
—
Bla & La99th LLC
Melisse Splaine
Special Warranty Deed
$6,800,000 · Southern Farm Bureau Life Insurance Comp
Sep 26, 2016
—
Bla & La LLC
Bgp Cotton Center LLC
Grant Deed
—
Sep 15, 2016
$7,300,000
Bla & La LLC
Bgp Cotton Center LLC
Grant Deed
$4,800,000 · Miscellaneous Ins Co
Sep 27, 2013
$8,750,000
Bgp Cotton Center LLC Cente
99th Avenue Busn Center De
Grant Deed
—
Sep 22, 2011
—
99th Avenue Busn Center De LLC
—
Deed Of Trust
related
$5,328,000 · Bank Of America
Aug 11, 2008
—
99th Avenue Busn Center De LLC
Carlson Real Estate
Warranty Deed
$9,314,000 · Lasalle National Bank
Dec 22, 2004
$2,155,860
Carlson Real Estate Co
99th Ave Business Park LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 650 99th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
