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Property profile & analytics
OFF-MARKET
Estimated value
$134,220,000
Showrooms
850 119th Ave Avondale, AZ 85323-1370
Entity Owned
4-yr Hold
Free & Clear
Property ID
US07-2701393
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2021
Total area
389,952 SF
Lot
22.15 ac (965,028 SF)
Zoning code
AG
APN
500-01-595
UPID
US07-2701393
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
$155.82M
Blend (final)
Blend
$134.22M
Owner & transaction history
Cpus Fairway LP · 4 yrs held
Cpus Fairway LP
since 2021
Last sale
$126.8M
1 recorded transaction
Zoning & alternative use
AG · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
to other listed uses; the determination shall be made pursuant to section 28-5 of this ordinance. The residential districts are grouped into six (6) categories, each with a specific purpose, as follows: A. Agricultural (AG) Zoning District. The purpose of the Agricultural (AG) Zoning District is to allow agricultural, ranching and related uses within the cit…
Zone name
Agricultural
General category
AGRICULTURAL
Zone area
6,113.23 ac
Source
code of ordinances
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
$127,550,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$134.22M
Range $120.80M – $147.64M · ±10% · vs last sale $126.75M (Dec 10 2021)
Last sale anchor
$126.75M
Dec 10 2021
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
$344 / 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
$329,901
Tax year 2023
Assessed value
$5,534,591
Assessed 2024
Previous assessed
$3,467,252
+59.6% YoY
Effective rate
5.96%
On assessed value
Land market value
$4,018,300
Improvement market value
$29,524,678
Total market value
$33,542,978
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2021
Heating
NONE
Stories
1
Total area
389,952 SF
Lot
22.15 ac (965,028 SF)
Zoning code
AG
APN
500-01-595
UPID
US07-2701393
Jurisdiction
MARICOPA
Zoning & alternative use
AG · Avondale, AZZoning AG · permitted uses
AG · Avondale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
to other listed uses; the determination shall be made pursuant to section 28-5 of this ordinance. The residential districts are grouped into six (6) categories, each with a specific purpose, as follows: A. Agricultural (AG) Zoning District. The purpose of the Agricultural (AG) Zoning District is to allow agricultural, ranching and related uses within the city. The district also serves as a holding zoning for land until suitable for rezoni
Zone name
Agricultural
General category
AGRICULTURAL
Zone area
6,113.23 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
2021
Heating
NONE
Stories
1
Lot
22.15 ac
Current owner
From public records · entity-resolved
Cpus Fairway LP
Entity
Free & Clear · 4 yrs held
Mailing address
200 PARK AVE FL #20, NEW YORK, NY 10166-0005
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2021
$126,750,000
Cpus Fairway LP
Westcore Realty Cg Avondale LLC
Special Warranty 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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