Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    6642 W Maryland Ave Glendale, AZ

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available for lease with high traffic intersection.

    Type:RETAIL
    Property size:
    2,043 SF
    Lot size:
    1.09 Acres
    Added:
    Nov 21, 2024
    Days on Market:
    531
    Last Refresh:
    Apr 5 at 11:14 pm

    Property Features for 6642 W Maryland Ave

    General Information

    Standard status
    Active
    Size
    2,043 SF
    Lot size
    1.09 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 6642 W Maryland Ave Contact us

    We can help!

    Listing Contact
    Nic Chavira

    Listing agent Nic Chavira

    Listing office Rein & Grossoehme

    Listing date Nov 21, 2024

    Source Moodyscre

    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

    HighLights

    • High Traffic Volume: Over 41,000 Vehicles Per Day at the intersection.
    • High Population Density: More than 154,000 residents within a 5‑mile radius.
    • Available Suite Size: ±2,043 SF available for lease.
    • Building Signage: Signage opportunity on 67th Ave.
    • Proximity to Retail: Nearby tenants include Fry’s and Walgreens.
    • New Development: Multiple new affordable multi‑family housing developments across 67th Ave.

    Overview

    Retail Space Available For Lease

    A retail space is available for lease, offering approximately 2,043 square feet. Building signage is available on 67th Avenue. The location benefits from high visibility, with over 41,000 vehicles per day at the intersection. The surrounding area has a dense residential population, with more than 154,000 residents within a 5-mile radius. Multiple new affordable multi-family housing developments are located across 67th Avenue. Nearby tenants include Fry’s and Walgreens.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Starsfurniture Furniture & Home Goods Dollar Dealz Discount Store Amazon Locker - Koldo Courier Service Legging Co. Clothing & Fashion Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.203
    Latitude
    33.5316

    Nearby Similar for Lease

    • $20 SF/Yr

      Glendale Property Near Arrowhead Mall

      Prime Glendale location near Arrowhead Mall and P83 Entertainment District.
      17431 North 71st Drive, Suite 103, Glendale, AZ 85308
      View Details
    • Contact for pricing

      Peoria Center at Arrowhead

      16165 83Rd Ave, Unit 200, Glendale, AZ 85382
      View Details
    • $40 SF/Yr

      Freestanding Restaurant with Drive-Thru

      Prime corner location near Banner Thunderbird Medical Center and ASU.
      5105 W Thunderbird Rd, Glendale, AZ 85306
      View Details
    • $9,708/Mo

      Retail Space For Rent

      Retail space available for lease at 17100 N 67TH Avenue.
      17100 N 67TH Avenue BLDG E, Glendale, AZ 85308
      View Details
    • $22 SF/Yr

      Medical Office Space Near Hospitals

      Medical office space near hospitals and Arrowhead Towne Center.
      18301 N 79th Ave, Suite C130, Glendale, Arizona 85308
      View Details
    • $2,000/Mo

      Office Sublease in Glendale Center

      Office space available for sublease in a convenient Glendale location.
      8910 N 43rd Ave, Ste 104, Glendale, AZ 85302
      View Details
    • $28 SF/Yr

      Turnkey Medical Office Building Ready

      Turnkey medical office building for immediate occupancy near Banner Thunderbird.
      11851 North 51st Avenue, Glendale, AZ, 85304
      View Details
    • $40 SF/Yr

      Freestanding Restaurant with Drive-Thru

      Prime corner location near Banner Thunderbird and ASU West Campus.
      5105 W Thunderbird Rd, Glendale, AZ 85306
      View Details
    • $27 SF/Yr

      Medical Space in Glendale Corridor

      Medical/wellness space in Glendale's medical and retail corridor.
      5702 West Glendale Avenue, Glendale, AZ, 85301
      View Details
    • Contact for pricing

      Glendale Move-In Ready Office Space

      3,750 SF office suite near Arrowhead Mall and P83.
      17431 North 71st Drive | Glendale, AZ 85308
      View Details
    • Contact for pricing

      Retail Spaces at Greenway Promenade

      Retail spaces available in well-established Glendale neighborhood retail center.
      5930 W Greenway Rd | Glendale, AZ 85306
      View Details
    • $16 SF/Yr

      Retail Suites For Lease

      Retail spaces available for lease at 4935 W Glendale Ave.
      4935 W Glendale Ave, Glendale, AZ 85301
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for lease with high traffic intersection.
    Where is this retail space located?
    The property is located at 6642 W Maryland Ave Glendale, AZ.
    What are key features of this property?
    This property features: High Traffic Volume: Over 41,000 Vehicles Per Day at the intersection.; High Population Density: More than 154,000 residents within a 5‑mile radius.; Available Suite Size: ±2,043 SF available for lease.
    (480) 214-9400 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nic Chavira
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6642 W Maryland Ave, Glendale, AZ
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!