Flex Space with Secure
For Sale
$650,000
6018 W Glendale Avenue, Glendale, AZ 85301
Multi-unit flex property with two leased units and a vacant suite ready for quick service or cafe use.
Property Size2,934 SF
Days on Market123
Property Features for 6018 W Glendale Avenue
General Information
Standard status
Active
Size
2,934 SF
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$4,487
Building Details
Building Size
2,934 SF
Year Built
1980
Listing Agency:
Arizona International Real Estate
Listed By:
Lisa McNealy
(480) 544-7606
Source:
Jcluxuryresidential
Added: Jun 24
Changed: Oct 14
Last Checked: Oct 23 at 2:36PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$36,868
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,360
$737.4K
Cap Rate 7%
$526,686
$526.7K
Cap Rate 9%
$409,644
$409.6K
Market Conditions
NOI Build-Up for 2,934 SF
Gross rent
$63.4K $21.60/SF
− Vacancy
−$6.7K −$2.27/SF
EGI
$56.7K $19.33/SF
− OpEx
−$19.9K −$6.77/SF
NOI
$36.9K $12.57/SF
Area
Glendale, AZ
Vacancy
10.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,360
Cap Rate 7%
$526,686
Cap Rate 9%
$409,644
Alternative Uses
Best Use
Flex RnD
$526.7K
$460.9K – $614.5K
NOI $36,868 @ 7.0% cap · market cap 5.67%
Second Best
Retail
$483.2K
$422.8K – $563.8K
NOI $33,826 @ 7.0% cap · market cap 5.20%
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.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,437
Businesses Nearby
Under-served
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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 Avenue 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
