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

    5949 W Northern Ave Glendale, AZ 85301

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land available for sale, ground lease, or build-to-suit.

    We can help!

    Listing Contact
    Rachel Bliss
    Source: W-retail

    Listing Agent: Rachel Bliss

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Land For Sale

    This 0.65-acre commercial land parcel is available for sale, ground lease, or build-to-suit. The property is zoned C-2 and offers high visibility from Northern Avenue, which sees an average daily traffic count of 31,674 vehicles. The average household income within a 3-mile radius is $81,002. The location is in close proximity to Walmart, Lowe's, Ross, and PetSmart.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Valley physicians and wellness Weight Loss Service Ramah Full Gospel ... Religious Bookstore Dulceria Aaron's Candy ... Party Supply Store Iglesia Apostolica De ... Church A New Day Community ... Association / Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.1879252
    Latitude
    33.5525784

    Nearby Similar for Sale

    • $675,000

      Glendale Fourplex: Investment Opportunity

      Fully occupied Glendale fourplex with consistent rental income.
      7114 N 66Th Dr, Glendale, AZ 85301
      View Details
    • $635,000

      Glendale Multifamily Property For Sale

      Multifamily property in Glendale with value-add potential.
      7143 N 66Th Dr, Glendale, AZ 85301
      View Details
    • $1,150,000

      Glendale Multifamily Investment Opportunity

      Seven-unit multifamily property in Glendale, Arizona with redevelopment potential.
      7508 W Orangewood Ave, Glendale, AZ 85303
      View Details
    • $475,000

      Glendale Multifamily Investment Opportunity

      Five-unit multifamily property in Glendale, Arizona, with renovation potential.
      7025 N 66Th Dr, Glendale, AZ 85301
      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
    • $780,000
      1,400 SF

      Retail Building on Glendale Avenue

      1,400 SF building on a 13,200 SF parcel.
      5421 W Glendale Ave, Glendale, AZ 85301
      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
    • Contact for pricing
      6,504 SF

      Retail Space in Glendale, Arizona

      Retail space available for sale in Glendale, Arizona.
      4301 W Bell Rd, Glendale, AZ 85308
      View Details
    • $1,100,000

      Glendale Multifamily Investment Opportunity

      Well-kept 8-unit property near downtown Glendale.
      6306 W Maryland Ave, Glendale, AZ 85301
      View Details
    • Contact for pricing

      Glendale Retail Space For Sale

      Retail space in Glendale with anchor lease opportunity on Bell Road.
      4236 West Bell Rd, Glendale, AZ 85308
      View Details
    • $2,000,000

      Freestanding Glendale Building with Drive-Thru

      Freestanding building with drive-thru available for sale in Glendale.
      6800 West Bell Rd, Glendale, AZ 85308
      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 85301
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available for sale, ground lease, or build-to-suit.
    Where is this commercial land located?
    The property is located at 5949 W Northern Ave Glendale, AZ.
    What are key features of this property?
    This property features: - High visibility location on Northern Ave with 31,674 ADT.; - Zoned C-2 for commercial use.; - 0.65 acres available for sale (GL or RBTS).
    (215) 510-8033
    Request Owner's contact information
    5949 W Northern Ave Glendale, AZ 85301
    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.
    5949 W Northern Ave
    Glendale, AZ 85301
    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
    5949 W Northern Ave Glendale, AZ 85301
    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

    We can help!
    Listing Contact
    Rachel Bliss
    (215) 510-8033
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!