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Property profile & analytics
FOR SALE
Retail space
703 E Western Ave Avondale, AZ 85323
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-1498697
For Sale
1 / 21
$700,000
703 E Western Ave, Avondale, AZ 85323
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1945
Construction
CONCRETE
Total area
3,700 SF
Lot
0.11 ac (4,958 SF)
Zoning code
C-C
APN
500-43-009A
UPID
US07-1498697
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
-
La Ocasion Flower Shop (Bike/Boat/Book/etc) Store Florist
-
Glorious Flowers (Bike/Boat/Book/etc) Store Florist
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
Floreria La Ocasion LLC · 1 yrs held
Floreria La Ocasion LLC
since 2024
5 recorded transactions
Zoning & alternative use
C-C · 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
$3,260
Tax year 2023
Assessed value
$41,134
Assessed 2024
Previous assessed
$41,134
+0.0% YoY
Effective rate
7.93%
On assessed value
Land market value
$69,300
Improvement market value
$179,996
Total market value
$249,296
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
For Sale
Year built
1945
Construction
CONCRETE
Heating
SPACE
Cooling
EVAPORATIVE
Stories
1
Total area
3,700 SF
Lot
0.11 ac (4,958 SF)
Zoning code
C-C
APN
500-43-009A
UPID
US07-1498697
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.
Building & site characteristics
From public records
Year built
1945
Construction
CONCRETE
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Floreria La Ocasion LLC
Entity
Mailing address
1709 W LATHAM ST, PHOENIX, AZ 85007-2015
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2024
—
Floreria La Ocasion LLC
Ribay Covarrubias
Special Warranty Deed
$257,000 · Bnc National Bank
Feb 5, 2024
$520,500
Ribay Covarrubias
Fidel San Miguel
Warranty Deed
$468,000 · Lm2 Investment Group LLC
Aug 8, 2022
—
Oth Remodeling LLC
Brandon Paul Burton
Quit Claim Deed
related
—
Nov 13, 2012
$177,000
Fidel San Miguel
Ta Swinford Bookseller
Warranty Deed
$90,000 · T A Swinford Bookseller
May 13, 2003
$140,000
T W Bookseller
Harris,robert & Bernadine
Grant Deed
$90,000 · Robert & Bernadine Harris
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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