Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7127 N 45TH Avenue Glendale, AZ 85301

    View on Map
    Claim this Listing
    For Sale
    $21,570,000

    MULTI_FAMILY - Glendale, AZ

    Added:
    Jun 8, 2023
    Days on Market:
    1051
    Last Refresh:
    Apr 23 at 10:06 pm

    Property Features for 7127 N 45TH Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R1-6
    Standard status
    Active
    APN
    147-08-003

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    N2 NW4 SE4 SE4 EX N 198' 2.00 AC
    Tax Annual Amount
    1687

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air

    Building Details

    Year built
    2023
    Number of units
    60
    Building materials
    Painted, Stucco

    We can help!

    Listing Contact
    Geoffrey Adams

    Listing agent Geoffrey Adams License #BR627564000

    Listing office Realty ONE Group 3530 S Val Vista Dr #114, Phoenix, AZ

    Listing date Jun 8, 2023

    MLS# 6566625 Listing URL

    Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Glendale Multifamily Townhome Community

    This property is a planned community called Villas at 45th, featuring 60 townhome-style multifamily residential units. The development intends to offer affordable new townhomes in Glendale, Arizona. The community is planned to include landscaping and a tree-lined frontage, with amenities such as a recreation center, tot lot, and pickleball courts. It is conveniently located near historic downtown Glendale, close to shopping, dining destinations, and parks. The property is zoned R1-6.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Glendale Express Home ... Hardware & Home Improvement

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.154664
    Latitude
    33.541351

    Nearby Similar for Sale

    • $1,100,000

      Glendale Commercial Property with Yard

      Commercial property in Glendale with secured yard and storage.
      6016 N 57th Avenue, Glendale, AZ 85301
      View Details
    • $615,000

      Glendale Multifamily Property For Sale

      Multifamily property in Glendale, Arizona with value-add potential.
      7143 N 66TH Drive, Glendale, AZ 85301
      View Details
    • $599,000

      Updated Triplex in Glendale, Arizona

      Updated triplex with modern finishes, ideal for investors.
      6807 N 61ST Avenue, Glendale, AZ 85301
      View Details
    • $983,000
      2,659 SF

      High-End Office Condo in Arrowhead

      Premium office condo with tenant in place until September 2026.
      7155 West Campo Bello Drive, Glendale, AZ 85308
      View Details
    • $625,000

      Updated Triplex in Glendale, Arizona

      Renovated triplex with strong rental demand and income potential.
      6706 N 55TH Avenue, Glendale, AZ 85301
      View Details
    • $983,000
      2,659 SF

      High-End Office Condo in Glendale

      Office condo in Arrowhead area, tenant in place until 2026.
      7155 W Campo Bello Dr, Glendale, AZ 85308
      View Details
    • $588,000
      7,604 SF

      Medical Office Space For Sale

      Medical office suite for sale near Banner Thunderbird Medical Center.
      5620 W THUNDERBIRD Road D-4, Glendale, AZ 85306
      View Details
    • $660,000

      Glendale Fourplex: Income Opportunity

      Fully occupied Glendale fourplex offering consistent rental income.
      7114 N 66TH Drive, Glendale, AZ 85301
      View Details
    • $1,750,000
      6,936 SF

      Remodeled Industrial Office Warehouse

      Remodeled industrial property with secure yard in Glendale Industrial Park.
      7809 N 68TH Avenue, Glendale, AZ 85303
      View Details
    • $1,200,000
      5,040 SF

      Automotive Property Near State Farm Stadium

      Automotive property with long-term lease and flexible zoning near stadium.
      Glendale, AZ 85303
      View Details
    • $2,600,000
      11,367 SF

      Glendale Restaurant with Liquor License

      Turn-key restaurant in Downtown Glendale with FF&E and license.
      5912 W Glendale Ave, Glendale, AZ
      View Details
    • Contact for pricing
      6,062 SF

      Freestanding Restaurant Near Arrowhead Center

      Freestanding restaurant outparcel near Arrowhead Towne Center, Glendale, Arizona.
      7704 W Bell Rd, Glendale, AZ 85308
      View Details

    FAQs

    What type of property is this?
    Apartment building - 60-unit townhome-style multifamily residential development with amenities in Glendale, Arizona.
    Where is this apartment building located?
    The property is located at 7127 N 45TH Avenue Glendale, AZ.
    What is the asking price?
    The asking price for this property is $21,570,000.
    What are key features of this property?
    This property features: New townhomes in Glendale, Arizona.; Enjoy low‑maintenance townhome living.; Community amenities include a recreation center, tot lot, and pickleball courts.
    (602) 740-8428
    We can help!
    Listing Contact
    Geoffrey Adams
    Real Estate License ID: BR627564000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!