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    43rd Ave & Peoria Rd Glendale, AZ 85302

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    43rd Ave & Peoria Rd Glendale, AZ 85302

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    • Retail properties & Spaces
    • 3,900 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 43rd Ave & Peoria Rd

    Property size
    3,900 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at the prominent intersection of 43rd Avenue and Peoria Road in Glendale, Arizona (zip code 85302), offers a total of 3,900 square feet of commercial space currently available for lease. The property is comprised of two separate suites, providing flexibility for various business needs. Each suite is divisible, with a minimum leasable area of 1,000 square feet and a maximum contiguous space of 2,900 square feet. This allows for businesses of different sizes to find a suitable space within this prime location. The entire 3,900 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire building or for two separate businesses to establish themselves in this high-traffic area of Maricopa County. The property's strategic location at a major intersection ensures high visibility and accessibility for customers. This makes it an ideal location for a variety of retail businesses seeking a strong presence in a thriving Glendale community. The property is classified as a multi-tenant retail building. Interested parties are encouraged to inquire about lease terms and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.152
    Latitude
    33.5819

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      5108-5166 Olive Ave

      Retail properties & Spaces • 1,200 SF
      5108-5166 Olive Ave, Glendale, AZ 85302
      View Details
    • Value Estimation by Request
      111,308 SF

      51st Ave & Olive Ave

      Individual retail properties • 111,308 SF
      51st Ave & Olive Ave, Glendale, AZ 85302
      View Details
    • Value Estimation
      $6,295,000
      14,262 SF

      6611 Peoria Ave

      SHOPPING CENTER, STRIP CENTER • 14,262 SF
      6611 Peoria Ave, Glendale, AZ 85302-7000
      View Details
    • Value Estimation
      $1,740,000
      4,470 SF

      6601 Peoria Ave

      RESTAURANT • 4,470 SF
      6601 Peoria Ave, Glendale, AZ 85302-1011
      View Details
    • Value Estimation
      $1,885,000
      6,406 SF

      9208 43rd Ave

      FINANCIAL BUILDING • 6,406 SF
      9208 43rd Ave, Glendale, AZ 85302-3852
      View Details
    • Value Estimation
      $3,150,000
      5,003 SF

      8045 51st Ave

      CONVENIENCE STORE • 5,003 SF
      8045 51st Ave, Glendale, AZ 85302-6230
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Lease

      Retail property available for lease in Glendale, Arizona.
      51st Ave & Olive Ave, Glendale, AZ 85302
      View Details
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      2,900 SF

      Retail Space Near Target

      Retail space adjacent to Target with high traffic volume.
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      28,685 SF

      Retail Space Near Glendale College

      Retail space available across from Glendale Community College.
      5814 W Olive Ave, Glendale, AZ 85302
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      1,550 SF

      Glendale Retail Space For Lease

      Retail space available in affluent Glendale neighborhood near Loop 101.
      19826 N 66Th Ave, Glendale, AZ 85302
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      Retail and Medical Center Space

      Retail and medical center at a signalized intersection.
      6666 W Peoria Ave, Glendale, AZ 85302
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      Retail Space Near Glendale College

      Retail space across from Glendale Community College with 19,000 students.
      5814 W Olive Ave, Glendale, AZ 85302
      View Details
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    Glendale, AZ 85302
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    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
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