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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10630 N 59Th Ave Glendale, AZ 85304

    • Strip malls
    • 12,852 SF
    • 2.55 lot acres
    For Lease
    View listing
    Last Sale
    Apr 01, 2025
    $2,795,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-3484488
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Healthy Teeth Family Dentistry / Dental Office
    • David Dorman - State Farm Insurance Agent / Insurance Agency
    • Dr. Brar / Dental Office
    • That Crazy Dog Lady Pet Grooming / Pet Grooming Service
    • Oculista Vilma / Ophthalmologist

    Property Details for 10630 N 59Th Ave

    Year built
    2005
    Construction
    CONCRETE
    Lot size
    2.55 lot acres
    Property size
    12,852 SF
    Zone code
    PAD
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    143-02-002K
    APU
    14302002K

    Description

    This exceptional 1,279 square foot retail space is ideally situated at 10630 N 59th Ave in Glendale, Arizona, within Maricopa County. Currently vacant and ready for immediate occupancy, this single-tenant property presents a fantastic opportunity for a variety of businesses. The property is classified as a commercial space, specifically suited for a barbershop, though adaptable to other retail uses. Its location in Glendale, AZ, zip code 85304, offers excellent visibility and accessibility. The entire 1,279 square feet is available for lease, providing ample space for a retail operation. This property is a single-tenant building, ensuring exclusive use and control. The building's size and layout offer flexibility for customization to meet specific business needs. Prospective tenants will appreciate the convenience of this location and the opportunity to establish a thriving business in a vibrant community. This is a rare opportunity to secure a well-located, move-in ready retail space in a desirable area of Glendale. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,522,000
      Market price range: $1.57M - $5.91M
      AI Estimate
      $3,212,000
      Market price range: $1.41M - $5.44M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,715,000
      Current use
      OFFICE BUILDING
      $4,115,000
      Change: +11% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $3,940,000
      Change: +6% Conversion: Easy
      RETAIL STORES
      $3,415,000
      Change: -8% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.187
    Latitude
    33.5843
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,904
    $0.00
    $0.00
    $429,460
    -
    $770,200
    $1,832,589
    $2,602,789

    Comparable in this City

    • Value Estimation
      $1,695,000
      14,636 SF

      5016 Cactus Rd

      SHOPPING CENTER, STRIP CENTER • 14,636 SF
      5016 Cactus Rd, Glendale, AZ 85304-2245
      View Details
    • Value Estimation
      $7,150,000
      16,500 SF

      10620 43rd Ave

      SHOPPING CENTER, STRIP CENTER • 16,500 SF
      10620 43rd Ave, Glendale, AZ 85304-4150
      View Details
    • Value Estimation by Request
      3,266 SF

      10646 51st Ave

      SHOPPING CENTER, STRIP CENTER • 3,266 SF
      10646 51st Ave, Glendale, AZ 85304-4343
      View Details
    • Value Estimation
      $1,355,000
      11,688 SF

      5044 Cactus Rd

      SHOPPING CENTER, STRIP CENTER • 11,688 SF
      5044 Cactus Rd, Glendale, AZ 85304-2243
      View Details
    • Value Estimation by Request
      3,500 SF

      10628 51st Ave

      SHOPPING CENTER, STRIP CENTER • 3,500 SF
      10628 51st Ave, Glendale, AZ 85304-4343
      View Details
    • Value Estimation
      $9,255,000
      20,960 SF

      6660 Cactus Rd

      SHOPPING CENTER, STRIP CENTER • 20,960 SF
      6660 Cactus Rd, Glendale, AZ 85304-1605
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,852 SF

      Glendale Retail Strip Center

      Fully occupied retail strip center in Glendale and Peoria.
      10630 N 59Th Ave, Glendale, AZ 85304
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Glendale Center

      Retail space available in established Glendale shopping center.
      5016-5044 W Cactus Rd, Glendale, AZ 85304
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space Near Fry's Food

      Retail space anchored by Fry’s Food in Glendale, Arizona.
      13621-13635 N 59Th Ave, Glendale, AZ 85304
      View Details
    • Contact for pricing
      1,380 SF

      Retail Space on Cactus Road

      Retail space with high traffic and visibility in Glendale, AZ.
      4312-4414 W Cactus Rd, Glendale, AZ 85304
      View Details
    • Contact for pricing
      36,279 SF

      Cactus Village Retail Center

      Phoenix Retail/Office Space Available
      4312 Cactus Rd, Glendale, AZ 85304
      View Details
    • Contact for pricing
      25,620 SF

      Retail Space for Lease

      Retail suite available for lease at Cactus Rd & 43rd Ave.
      4323 W Cactus Rd, Glendale, AZ 85304
      View Details
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    Glendale, AZ 85304
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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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