Industrial Buildings Near Grand
For Sale
Contact for pricing
5830 W Maryland Ave, Glendale, AZ
Two industrial buildings totaling approximately 34,000 SF for sale.
Property Size17,000 SF
Lot Size0.79 Acres
Price / SF$155
Days on Market449
Property Features for 5830 W Maryland Ave
General Information
Standard status
Active
Size
17,000 SF
Lot size
0.79 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Rein & Grossoehme
(480) 214-9400
Listed By:
Max Schumacher
(480) 214-9403
Source:
Moodyscre
Added: Jun 25, 2025
Changed: Sep 2
Last Checked: Sep 15 at 9:01AM
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 Rein & Grossoehme
Investment Insights
Based on property information with market context.
The property features two buildings totaling approximately 34,000 square feet. It includes 1,600 amps of 277/480v power, which the buyer should verify. The buildings offer 14 to 22 feet of clear height and are equipped with natural gas and floor drains. A full fire sprinkler system is in place. The site is fully fenced and secured, providing two points of ingress and egress. Loading is facilitated by two truckwells and four grade-level doors. The property has two electrical services. It is located less than one mile from Grand Avenue, with convenient access to both I-10 and I-17.
Key Highlights
- Excellent Location: Less than 1 Mile to Grand Ave with Easy Access to I‑10 and I‑17.
- Two Buildings Totaling ±34,000 SF.
- High Power Capacity: 1,600 Amps of 277/480v 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
$162,483
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
6.17%
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%
$3,249,660
$3.2M
Cap Rate 7%
$2,321,186
$2.3M
Cap Rate 9%
$1,805,367
$1.8M
Market Conditions
NOI Build-Up for 17,000 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
$216.2K $12.72/SF
− Vacancy
−$25.1K −$1.48/SF
EGI
$191.2K $11.24/SF
− OpEx
−$28.7K −$1.69/SF
NOI
$162.5K $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%
$3,249,660
Cap Rate 7%
$2,321,186
Cap Rate 9%
$1,805,367
Alternative Uses
Best Use
Warehouse
$2.32M
$2.03M – $2.71M
NOI $162,483 @ 7.0% cap · market cap 6.17%
Second Best
Industrial
$1.91M
$1.67M – $2.23M
NOI $133,809 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$5.34M
$4.67M – $6.23M
NOI $373,793 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,446
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Two industrial buildings totaling approximately 34,000 SF for sale.
Where is this warehouse located?
The property is located at 5830 W Maryland Ave Glendale, AZ.
What is the asking price?
The asking price for this property is $2,635,000.
What are key features of this property?
This property features: Excellent Location: Less than 1 Mile to Grand Ave with Easy Access to I‑10 and I‑17.; Two Buildings Totaling ±34,000 SF.; High Power Capacity: **1,600 Amps of 277/480v Power.**
