Ground-Level Residential Income
For Sale
$190,000
5236 W PEORIA Avenue 127, Glendale, AZ 85302
Single-level unit with a fireplace, private primary bathroom, covered patio, and access to a community pool.
Property Size971 SF
Days on Market100
Property Features for 5236 W PEORIA Avenue 127
General Information
Standard status
Active
Size
971 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$656
Amenities
pool
Building Details
Building Size
971 SF
Year Built
1984
Listing Agency:
Play Realty
(480) 717-7304
Listed By:
Alvaro Munoz Campa · License #SA684230000
(480) 717-7304
Source:
Alexiabertsatos
Added: May 22
Changed: Aug 29
Last Checked: Aug 29 at 1:07PM
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 Play Realty
Investment Insights
Based on property information with market context.
This ground-level residential income property offers an open great-room layout with wood-look flooring, contemporary light fixtures, ceiling fans, and a fireplace. Neutral paint provides a flexible interior backdrop, while the kitchen includes substantial cabinetry, generous counter space, and built-in appliances. The primary retreat includes a private bathroom, and a covered patio extends the living area outdoors.
Located in Sunset Estates, the unit also has access to a community pool. Restaurants, shopping, and additional conveniences are nearby. The property was built in 1984 and is identified as Unit 127 at 5236 W Peoria Avenue in Glendale, Arizona.
Located in Sunset Estates, the unit also has access to a community pool. Restaurants, shopping, and additional conveniences are nearby. The property was built in 1984 and is identified as Unit 127 at 5236 W Peoria Avenue in Glendale, Arizona.
Key Highlights
- Ground‑level unit at 5236 W Peoria Avenue, Unit 127
- Built in 1984
- Great room with wood‑look flooring, ceiling fans, contemporary lighting, and fireplace
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
$9,887
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
5.20%
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%
$197,740
$197.7K
Cap Rate 7%
$141,243
$141.2K
Cap Rate 9%
$109,856
$109.9K
Market Conditions
NOI Build-Up for 971 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
$19.2K $19.80/SF
− Vacancy
−$1.2K −$1.29/SF
EGI
$18.0K $18.51/SF
− OpEx
−$8.1K −$8.33/SF
NOI
$9.9K $10.18/SF
Area
Glendale, AZ
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
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%
$197,740
Cap Rate 7%
$141,243
Cap Rate 9%
$109,856
Alternative Uses
Best Use
Apartment 5plus
$141.2K
$123.6K – $164.8K
NOI $9,887 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$305.0K
$266.9K – $355.8K
NOI $21,350 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Explore this area
Business Placement
Demographics for 85302, AZ
41,369
Population
15,767
Households
2.6
Avg Household Size
36
Median Age
20%
College-Educated
85%
High-School Grad
6.0 sq mi
ZIP Area
6,895
Density / Sq Mi
$62,516
Median Household Income
$38,629
Median Earnings
$1,241
Median Rent
$326,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Single-level unit with a fireplace, private primary bathroom, covered patio, and access to a community pool.
Where is this residential income property located?
The property is located at 5236 W PEORIA Avenue 127 Glendale, AZ.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Ground‑level unit at 5236 W Peoria Avenue, Unit 127; Built in 1984; Great room with wood‑look flooring, ceiling fans, contemporary lighting, and fireplace
