Warehouse with Grade Level
For Sale
Contact for pricing
7611 N 74th Ave, Glendale, AZ 85303
Warehouse offering approximately 12–14' clear height, two grade level doors, and partial HVAC and evaporative cooling.
Property Size8,215 SF
Price / SF$275.11
Days on Market530
Property Features for 7611 N 74th Ave
General Information
Standard status
Active
Size
8,215 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
2
Heavy Power
Yes
Listing Agency:
Cutler Commercial
(602) 955-3500
Listed By:
Eric Ferber CCIM · License #SA653578000
(602) 332-2821
Source:
Moodyscre
Added: Apr 1, 2025
Changed: Sep 11
Last Checked: Sep 12 at 11:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cutler Commercial
Investment Insights
Based on property information with market context.
This warehouse includes approximately 12–14' clear height and two grade level doors. One of the doors is enclosed with an office addition, creating a built-in front office area for day-to-day operations. The property also features partially evap cooled space and partially HVAC-supported areas, along with approximately +/- 1,000 amps of 120/208 three-phase power.
The asset is offered for sale. It is located at 7611 N 74th Ave in Glendale, Arizona.
The asset is offered for sale. It is located at 7611 N 74th Ave in Glendale, Arizona.
Key Highlights
- Warehouse offers approximately 12–14' clear height
- Two grade level doors, including one enclosed with an office addition
- Approximately 1,000 amps of 120/208 3‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$78,517
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,570,340
$1.6M
Cap Rate 7%
$1,121,671
$1.1M
Cap Rate 9%
$872,411
$872.4K
Market Conditions
NOI Build-Up for 8,215 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$104.5K $12.72/SF
− Vacancy
−$12.1K −$1.48/SF
EGI
$92.4K $11.24/SF
− OpEx
−$13.9K −$1.69/SF
NOI
$78.5K $9.56/SF
Area
Glendale, AZ
Vacancy
11.60%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,570,340
Cap Rate 7%
$1,121,671
Cap Rate 9%
$872,411
Alternative Uses
Best Use
Warehouse
$1.12M
$981.5K – $1.31M
NOI $78,517 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,630 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85303, AZ
34,252
Population
10,423
Households
3.3
Avg Household Size
31
Median Age
14%
College-Educated
82%
High-School Grad
6.8 sq mi
ZIP Area
5,037
Density / Sq Mi
$75,077
Median Household Income
$39,346
Median Earnings
$1,476
Median Rent
$286,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Freedom Road RV & Boat Storage — 7839 N 73rd Ave, Glendale, AZ 85303
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse offering approximately 12–14' clear height, two grade level doors, and partial HVAC and evaporative cooling.
Where is this warehouse located?
The property is located at 7611 N 74th Ave Glendale, AZ.
What is the asking price?
The asking price for this property is $2,260,000.
What are key features of this property?
This property features: Warehouse offers approximately 12–14' clear height; Two grade level doors, including one enclosed with an office addition; Approximately 1,000 amps of 120/208 3‑phase power
