Flex Space with Secure
6018 W Glendale Ave Glendale, AZ 85301
For Sale
$650,000
Multi-unit flex property with two leased units and a vacant suite ready for quick service or cafe use.
Property Size2,934 SF
Price / SF$221.54
Days on Market36
Property Features for 6018 W Glendale Ave
General Information
Standard status
Active
Size
2,934 SF
Listing Agency:
Arizona International Real Estate
(480) 544-7606
Listed By:
Lisa McNealy
(480) 544-7606
Source:
Exprealty
Added: Jun 24
Changed: Jul 28
Last Checked: Jul 28 at 2:00PM
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 Arizona International Real Estate
Investment Insights
Based on property information with market context.
This flex space property includes three unit addresses, with two currently leased and one vacant suite ready for a new quick service, to-go, or small cafe user. The vacant space is approximately 800 square feet and can also be gutted and reconfigured into open office or flex space if needed. The front building has a roof less than one year old, and the HVAC is newer.
A secure yard is located at the rear of the property and is being leased by the existing auto repair tenant. The location is described as having close to 25,000 vehicles per day passing by.
For additional financial information, an NDA is required.
A secure yard is located at the rear of the property and is being leased by the existing auto repair tenant. The location is described as having close to 25,000 vehicles per day passing by.
For additional financial information, an NDA is required.
Key Highlights
- Multi‑unit flex property with 3 units/addresses; 2 units currently leased and 1 vacant (~800 sq ft)
- Vacant suite (~800 sq ft) is ready for quick service, to‑go, or small cafe use
- Vacant space could be gutted and converted to open office/flex space if needed
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.5k | $26.40 |
| − Vacancy | −$17.4k | −$5.94 |
| EGI | $60.0k | $20.46 |
| − OpEx | −$15.0k | −$5.12 |
| NOI | $45.0k | $15.35 |
2,934 SF · lease $26.40/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$643.2K
$562.8K – $750.4K
NOI $45,022 @ 7.0% cap · market cap 6.93%
Second Best
Flex RnD
$526.7K
$460.9K – $614.5K
NOI $36,868 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$921.6K
$806.4K – $1.08M
NOI $64,512 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Carlyn La Beaute LLC — 6529 W Ocotillo Rd, Glendale, AZ 85301
Frequently Asked Questions
What type of property is this?
Flex space - Multi-unit flex property with two leased units and a vacant suite ready for quick service or cafe use.
Where is this flex space located?
The property is located at 6018 W Glendale Ave Glendale, AZ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Multi‑unit flex property with 3 units/addresses; 2 units currently leased and 1 vacant (~800 sq ft); Vacant suite (~800 sq ft) is ready for quick service, to‑go, or small cafe use; Vacant space could be gutted and converted to open office/flex space if needed
