Corner Retail
For Sale
Contact for pricing
5340 W GLENDALE Avenue 2, Glendale, AZ 85301
Customer parking is accessible from both 54th Avenue and Glendale Avenue.
Property Size16,230 SF
Price / SF$1.00
Days on Market50
Property Features for 5340 W GLENDALE Avenue 2
General Information
Standard status
Active
Size
16,230 SF
Property subtype
Comm/industry Lease
Site & Location
Corner Location
Yes
Road Access
Yes
Listing Agency:
Century 21 Northwest
(623) 979-0065
Listed By:
Rodica Bartels · License #BR507907000
(602) 448-5228
Source:
Juliebradfeldt
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 26 at 3:25PM
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 Century 21 Northwest
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space occupies a corner setting with customer and employee parking access from both 54th Avenue and Glendale Avenue. The layout of the surrounding access points supports entry and exit from two directions.
The property is next to Dollar Tree and sits within a high-density area characterized by substantial traffic. Its corner placement and nearby retail adjacency provide clear commercial context for a retail operation.
The property is next to Dollar Tree and sits within a high-density area characterized by substantial traffic. Its corner placement and nearby retail adjacency provide clear commercial context for a retail operation.
Key Highlights
- Corner‑positioned retail space
- Parking access from both 54th Avenue and Glendale Avenue
- Next to Dollar Tree
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$187,116
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,742,320
$3.7M
Cap Rate 7%
$2,673,086
$2.7M
Cap Rate 9%
$2,079,067
$2.1M
Market Conditions
NOI Build-Up for 16,230 SF
Gross rent
$292.1K $18.00/SF
− Vacancy
−$24.8K −$1.53/SF
EGI
$267.3K $16.47/SF
− OpEx
−$80.2K −$4.94/SF
NOI
$187.1K $11.53/SF
Area
Glendale, AZ
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,742,320
Cap Rate 7%
$2,673,086
Cap Rate 9%
$2,079,067
Alternative Uses
Best Use
Retail
$2.67M
$2.34M – $3.12M
NOI $187,116 @ 7.0% cap · market cap 1,152.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.10M
$4.46M – $5.95M
NOI $356,863 @ 7.0% cap · market cap 2,198.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,416
Businesses Nearby
Explore this area
Business Placement
Demographics for 85301, AZ
67,380
Population
24,019
Households
2.8
Avg Household Size
30
Median Age
11%
College-Educated
71%
High-School Grad
9.3 sq mi
ZIP Area
7,245
Density / Sq Mi
$47,422
Median Household Income
$33,727
Median Earnings
$1,189
Median Rent
$218,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Customer parking is accessible from both 54th Avenue and Glendale Avenue.
Where is this retail space located?
The property is located at 5340 W GLENDALE Avenue 2 Glendale, AZ.
What are key features of this property?
This property features: Corner‑positioned retail space; Parking access from both 54th Avenue and Glendale Avenue; Next to Dollar Tree
