Glendale Restaurant with Liquor
For Sale
Contact for pricing
5912 W Glendale Ave, Glendale, AZ
Turn-key restaurant in Downtown Glendale with FF&E and license.
Property Size11,367 SF
Lot Size0.48 Acres
Price / SF$228.73
Days on Market296
Property Features for 5912 W Glendale Ave
General Information
Standard status
Active
Size
11,367 SF
Lot size
0.48 Acres
Property subtype
RETAIL
Listing Agency:
R.O.I. Properties
(602) 319-1326
Listed By:
Reuben Nach · License #SA687040000
(602) 881-4724
Source:
Moodyscre
Added: Nov 19, 2025
Changed: Sep 8
Last Checked: Sep 10 at 11:58AM
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 R.O.I. Properties
Investment Insights
Based on property information with market context.
This property features a top-rated Mariscos restaurant located in the heart of Downtown Glendale. The sale includes FF&E, a liquor license, and other business assets. The restaurant benefits from a busy location and has established brand recognition. All major systems are reported to be in phenomenal condition. The property size is 11367 square feet.
Key Highlights
- Top rated Mariscos Restaurant with brand recognition
- Busy location in the heart of Downtown Glendale
- Includes FF&E, liquor license, and other business assets
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
$152,227
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
5.85%
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%
$3,044,540
$3.0M
Cap Rate 7%
$2,174,671
$2.2M
Cap Rate 9%
$1,691,411
$1.7M
Market Conditions
NOI Build-Up for 11,367 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
$218.2K $19.20/SF
− Vacancy
−$15.3K −$1.34/SF
EGI
$203.0K $17.86/SF
− OpEx
−$50.7K −$4.46/SF
NOI
$152.2K $13.39/SF
Area
Glendale, AZ
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
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%
$3,044,540
Cap Rate 7%
$2,174,671
Cap Rate 9%
$1,691,411
Alternative Uses
Best Use
Specialty Retail
$2.17M
$1.90M – $2.54M
NOI $152,227 @ 7.0% cap · market cap 5.85%
Second Best
Retail
$1.87M
$1.64M – $2.18M
NOI $131,050 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$3.57M
$3.12M – $4.17M
NOI $249,936 @ 7.0% cap · market cap 9.61%
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
1,396
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Similar Off Market Nearby
- Carlyn La Beaute LLC — 6529 W Ocotillo Rd, Glendale, AZ 85301
Frequently Asked Questions
What type of property is this?
Restaurant - Turn-key restaurant in Downtown Glendale with FF&E and license.
Where is this restaurant located?
The property is located at 5912 W Glendale Ave Glendale, AZ.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Top rated Mariscos Restaurant with brand recognition; Busy location in the heart of Downtown Glendale; Includes FF&E, liquor license, and other business assets
