Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5665 Bell Rd Glendale, AZ 85308

    For Sale
    $11,280,000

    Prime Retail Investment: 61,302 SF, 100% Leased

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    Talavi Towne Center II, a 61,302-square-foot shopping center in Glendale, Arizona, presents a compelling investment opportunity. This single-story, Class B property sits on a 5.67-acre lot with PAD zoning and boasts a 100% occupancy rate with two tenants under NNN leases. The leases, commencing January 1, 2025, and expiring December 31, 2029, include 2% annual rent bumps and renewal options. The property's strong financial performance is reflected in its $11,280,000 asking price and an 8.68% cap rate, generating a net operating income (NOI) of $979,530. Built in 1994 and extensively renovated in 2023 (including over $2,000,000 in capital expenditures), the center features updated restrooms, fresh paint, a newly sealed and striped parking lot, and a planned new roof with a 20-year warranty. Its strategic location in Glendale's Arrowhead retail corridor, near Loop 101 Freeway and major attractions like Arrowhead Towne Center and State Farm Stadium, ensures high visibility and strong tenant demand. The surrounding area boasts an average household income exceeding $93,000 within a 3-mile radius. This fee-simple ownership opportunity is ideal for a 1031 exchange. The property's address is 5665 West Bell Road, Glendale, AZ 85308, with APN 200-50-204.

    Property Features for 5665 Bell Rd

    General Information

    Property type
    Lifestyle centers
    Class
    B
    Lot Size
    246,985 SF

    Building Details

    Year Built/Renovated
    1994/2023
    Buildings
    1
    Stories
    1

    HighLights

    • Over $2,000,000 in recent renovations.
    • NNN leases with 2% annual rent increases, providing passive income.
    • Amenity‑rich location near hotels, entertainment, and restaurants.
    • Less than 2 miles from Loop 101 Freeway, offering access to the Phoenix MSA.
    • Close proximity to Arrowhead Towne Center, Peoria Sports Complex, State Farm Stadium, and Westgate Entertainment District.
    • New roof with a 20‑year warranty planned.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stratosphere Adventure Park Amusement Park The Pickleball Space Sports Club

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.1808762
    Latitude
    33.6372224

    Nearby Similar for Sale

    • $950,000
      0.24 Acres

      Glendale Commercial Property with Yard

      Commercial property in Glendale with secured yard and storage.
      6016 N 57Th Ave, Glendale, AZ 85301
      View Details
    • $1,150,000

      Glendale Multifamily Investment Opportunity

      Income-producing 7-unit property with redevelopment potential near Glendale Sports District.
      7508 W Orangewood Ave, Glendale, AZ 85303
      View Details
    • New
      $695,000

      Glendale Fourplex: Income Opportunity

      Fully occupied fourplex in Glendale, offering consistent rental income.
      7114 N 66Th Dr, Glendale, AZ 85301
      View Details
    • $499,999

      Glendale Multifamily Investment Opportunity

      Five-unit multifamily property in Glendale, Arizona, with renovation potential.
      7025 N 66Th Dr, Glendale, AZ 85301
      View Details
    • $21,570,000

      Glendale Multifamily Townhome Community

      60-unit townhome-style multifamily residential development with amenities in Glendale, Arizona.
      7127 N 45Th Ave, Glendale, AZ 85301
      View Details
    • New
      $1,100,000

      Glendale Multifamily Investment Opportunity

      Well-kept 8-unit property near downtown Glendale.
      6306 W Maryland Ave, Glendale, AZ 85301
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Prime Retail Investment: 61,302 SF, 100% Leased
    Where is this lifestyle center located?
    The property is located at 5665 Bell Rd Glendale, AZ.
    What is the asking price?
    The asking price for this property is $11,280,000.
    What are key features of this property?
    This property features: Over $2,000,000 in recent renovations.; NNN leases with 2% annual rent increases, providing passive income.; Amenity-rich location near hotels, entertainment, and restaurants.
    Request Owner's contact information
    5665 Bell Rd Glendale, AZ 85308
    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.
    5665 Bell Rd
    Glendale, AZ 85308
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    5665 Bell Rd Glendale, AZ 85308
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.