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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Office buildings
885 Eliseo Felix Jr Way Avondale, AZ 85323-1205
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-1014687
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Construction
CONCRETE
Total area
2,560 SF
Lot
4.12 ac (179,598 SF)
Zoning code
A-1
APN
500-26-002D
UPID
US07-1014687
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
-
ABC Roofing Corporate Office
-
ABC Supply Co. Inc. Big Box & Wholesale Store Building Supply
-
DLC Resources Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$892k
Blend (final)
Blend
$890k
Owner & transaction history
American Builders & Contrac · 7 yrs held
American Builders & Contrac
since 2019
6 recorded transactions
Zoning & alternative use
A-1 · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
while projecting a highly desirable and unified appearance along public streets. (4) Promote an efficient circulation system that includes attractive streetscapes and functional pedestrian areas. (b) General Industrial (A-1). The purpose of the General Industrial District is to accommodate warehousing, wholesaling, assembly, and heavy manufacturing of an int…
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
1,184.81 ac
Source
code of ordinances
Top alternative use upside
Auto repair, garage
$1.1M
+88.9%
Neighborhood: shopping center
$810,000
+34.3%
Medical building
$650,000
+8.3%
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
OFFICE BUILDING
$600,000
Current use
AUTO REPAIR, GARAGE
$1,135,000
Change: +89% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$810,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$650,000
Change: +8% · Conversion: Easy
RETAIL STORES
$620,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$890k
Range $801k – $979k · ±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
$348 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$30,514
Tax year 2022
Assessed value
$410,355
Assessed 2024
Previous assessed
$401,829
+2.1% YoY
Effective rate
7.44%
On assessed value
Land market value
$879,400
Improvement market value
$1,607,600
Total market value
$2,487,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2009
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
2,560 SF
Lot
4.12 ac (179,598 SF)
Zoning code
A-1
APN
500-26-002D
UPID
US07-1014687
Jurisdiction
MARICOPA
Zoning & alternative use
A-1 · Avondale, AZZoning A-1 · permitted uses
A-1 · Avondale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
while projecting a highly desirable and unified appearance along public streets. (4) Promote an efficient circulation system that includes attractive streetscapes and functional pedestrian areas. (b) General Industrial (A-1). The purpose of the General Industrial District is to accommodate warehousing, wholesaling, assembly, and heavy manufacturing of an intensive nature, often involving open uses and/or storage, large scale machinery and
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
1,184.81 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$810,000
MEDICAL BUILDING
Est. value
$650,000
RETAIL STORES
Est. value
$620,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
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
2009
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
4.12 ac
Current owner
From public records · entity-resolved
American Builders & Contrac
Individual
Mailing address
1 ABC PKWY, BELOIT, WI 53511-4466
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2019
$2,925,000
American Builders & Contrac
Cold Water Seven LLC
Grant Deed
—
Jun 4, 2009
—
Cold Water Seven LLC
—
Deed Of Trust
related
$2,480,000 · J P Morgan Chase Bank
Oct 31, 2007
$1,309,727
Cold Water Seven LLC
Mark A Shapiro
Special Warranty Deed
$2,400,000 · Jpmorgan Chase Bank NA
Aug 18, 2003
$115,080
Shapiro,tr
Droz,tr
Grant Deed
—
Jan 5, 2000
—
Droz Trust
Mitchell Electric Co
Quit Claim Deed
related
—
Aug 28, 1998
$98,780
Mitchell Electric Co INC
Western Security Bank
Grant Deed
$66,777 · Western Security Bank
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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