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Property profile & analytics
OFF-MARKET
Estimated value
$1,875,000
Flex space
811 Riley Dr Avondale, AZ 85323-2015
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US07-1003422
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1979
Construction
CONCRETE
Total area
10,052 SF
Lot
0.75 ac (32,626 SF)
Zoning code
C-2
APN
500-21-014G
UPID
US07-1003422
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
-
Dynamite West Distributing LLC Marketing & Advertising Advertising Agency
-
Artistics Crating Business Management Consultant
-
PPEP Inc Rural Community Social Service Agency Charitable Organization
-
Sanctuary Community Church Church
-
Arotek Smiles Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.87M
Blend (final)
Blend
$1.88M
Owner & transaction history
Portable Practical Educational Prep · 12 yrs held
Portable Practical Educational Prep
since 2014
3 recorded transactions
Zoning & alternative use
C-2 · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.6M
+10.9%
Retail stores
$2.4M
+5.9%
Office building
$2.4M
+2.4%
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
INDUSTRIAL (GENERAL)
$2,310,000
Current use
MEDICAL BUILDING
$2,560,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$2,445,000
Change: +6% · Conversion: Moderate
OFFICE BUILDING
$2,365,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.88M
Range $1.69M – $2.06M · ±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
$187 / 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
$2,004
Tax year 2023
Assessed value
$153,450
Assessed 2024
Previous assessed
$127,279
+20.6% YoY
Effective rate
1.31%
On assessed value
Land market value
$256,200
Improvement market value
$673,800
Total market value
$930,000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
10,052 SF
Lot
0.75 ac (32,626 SF)
Zoning code
C-2
APN
500-21-014G
UPID
US07-1003422
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Avondale, AZ
Zoning C-2 · permitted uses
C-2 · 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
$2.3M
MEDICAL BUILDING
Est. value
$2.6M
RETAIL STORES
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.4M
INDUSTRIAL (GENERAL) Current
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
1979
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Portable Practical Educational Prep
Individual
Mailing address
802 E 46TH ST, TUCSON, AZ 85713-5006
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2021
—
Portable Practical Educationa Prepa
—
Deed
related
$342,649 · The Foothills Bank
Jul 1, 2014
$590,000
Portable Practical Educational Prep
D F Properties INC
Warranty Deed
$440,000 · Wells Fargo Bank NA
Dec 21, 1990
$250,000
D F Properties
Statesman Fed Sa
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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