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Property profile & analytics
OFF-MARKET
Estimated value
$6,990,000
Auto shops
7602 Jimmie Johnson Dr Avondale, AZ 85323
Entity Owned
Absentee Owner
Free & Clear
Property ID
US07-2379479
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2018
Construction
STEEL FRAME
Total area
9,490 SF
Lot
281.46 ac (12,260,296 SF)
Zoning code
MSED
APN
400-01-001E
UPID
US07-2379479
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.08M
Blend (final)
Blend
$6.99M
Owner & transaction history
PHOENIX SPEEDWAY CORP
PHOENIX SPEEDWAY CORP
Zoning & alternative use
MSED · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the MSED zone is to provide an appropriate zoning district to accommodate the unique demands and impacts of facilities used to conduct major sports and entertainment events and mixed use and destination entertainment developments related to and operated in conjunction with a major sports or entertainment venue. Due to the unique characteristics…
Zone name
Major Sports And Entertainment District
General category
MIXED_USE
Zone area
614.39 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$7.6M
+80.8%
Restaurant
$5.4M
+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
$4,215,000
Current use
COMMERCIAL (GENERAL)
$7,615,000
Change: +81% · Conversion: Moderate
RESTAURANT
$5,410,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$6.99M
Range $6.29M – $7.69M · ±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
$737 / 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
$1,208,659
Tax year 2023
Assessed value
$13,268,101
Assessed 2024
Previous assessed
$11,557,704
+14.8% YoY
Effective rate
9.11%
On assessed value
Land market value
$10,421,252
Improvement market value
$70,057,800
Total market value
$80,479,052
Applied tax rate
650,100.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2018
Construction
STEEL FRAME
Heating
NONE
Buildings
63
Stories
1
Units
41
Total area
9,490 SF
Lot
281.46 ac (12,260,296 SF)
Zoning code
MSED
APN
400-01-001E
UPID
US07-2379479
Jurisdiction
MARICOPA
Zoning & alternative use
MSED · Avondale, AZZoning MSED · permitted uses
MSED · Avondale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the MSED zone is to provide an appropriate zoning district to accommodate the unique demands and impacts of facilities used to conduct major sports and entertainment events and mixed use and destination entertainment developments related to and operated in conjunction with a major sports or entertainment venue. Due to the unique characteristics, form, and impacts of these large scale facilities, deviation from traditional zoning standards is necessary within this district.
Zone name
Major Sports And Entertainment District
General category
MIXED_USE
Zone area
614.39 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$7.6M
RESTAURANT
Est. value
$5.4M
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
2018
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
63
Units
41
Lot
281.46 ac
Current owner
From public records · entity-resolved
PHOENIX SPEEDWAY CORP
Entity
Free & Clear · 0 yrs held
Mailing address
125 S AVONDALE BLVD STE #200, AVONDALE, AZ 85323-5213
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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